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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #25,781
  • Edited 10:48pm Feb 21, 2017 9:54pm | Edited 10:48pm
Hello Everyone,

This is what I'm currently looking at and may have gotten in a little early so any thoughts? I have notes on chart as well.

Edit: Got out with +2 pips after price went against me for awhile. Still working on holding trades once they have gone against me.
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  • #25,782
  • Feb 21, 2017 10:50pm Feb 21, 2017 10:50pm
Quoting Mr. Pip
Hello Traders, Here is the link to the live stream. It was a very long one and also another small losing day. There are lots to good content if you can sit through it. We had lots of time to talk about non trading things as well. I am looking for a session when the market is flowing and offers multiple opportunities but unfortunately it has not been the case. We will fine it the last two live streams have been technically productive but not profitable and I'm fine with that. As long as we can learn for it then overall its a win for me and you. We...

Thank you very much Damian for the video. Got mixed up with the timing and was 12 hours late for the live streaming. Anyway I managed to watch the whole session again and learnt a lot from your thought process before, during and after a trade. Extremely beneficial and helpful to my learning curve.....
  • #25,783
  • Feb 21, 2017 11:23pm Feb 21, 2017 11:23pm
Quoting S41nt
Hello Everyone, This is what I'm currently looking at and may have gotten in a little early so any thoughts? I have notes on chart as well. Edit: Got out with +2 pips after price went against me for awhile. Still working on holding trades once they have gone against me. {image}

Hi, I am new here (:
I would let price come to me at least let the AB = CD complete.
Jumping the gun gives bad risk to reward ratio i feel.
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  • #25,784
  • Edited 2:56am Feb 22, 2017 12:35am | Edited 2:56am
Entered short on UJ

Completed ABCD
Aligned with order flow
Good risk to reward

** Update
Moved stop loss down to protect trade profits
Buyers shown interest in current price and pushed price up.
Bears defended the red zone and pushed price down again.
If bears are serious about business this time, price should not go above red zone.

** Update 2
Moved stop loss down to 100% - price got down to 127

** Update 3
Strong bull rotation, closed manually +28
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  • #25,785
  • Feb 22, 2017 1:19am Feb 22, 2017 1:19am
Quoting S41nt
Hello Everyone, This is what I'm currently looking at and may have gotten in a little early so any thoughts? I have notes on chart as well. Edit: Got out with +2 pips after price went against me for awhile. Still working on holding trades once they have gone against me. {image}
Hey S41nt, entered the same trade too. Your SL was too close, and there was no S/D within that area. Had my SL at 113.650...
  • #25,786
  • Feb 22, 2017 2:54am Feb 22, 2017 2:54am
Entered short after a good rotation (first red circle) on the EURUSD with an expectation of a weak NSL. Deep retracement and weak NSL was expected due to very weak projection (comparatively so) on the last swing (marked 3). Became aggressive on my stop after I reached 1:1, and got stopped out after the bull rotation in the second red circle. + 8 pips :-)

Feedback appreciated, I'm still just getting started!!
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  • #25,787
  • Feb 22, 2017 3:29am Feb 22, 2017 3:29am
Again today going very well for me: one thing i think i am improving is the trailing positions/putting stops at correct places.

Example: have been trailing this position since yesterday:
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  • #25,788
  • Feb 22, 2017 3:33am Feb 22, 2017 3:33am
Quoting Mr. Pip
{quote} I use no indicators sorry. I teach traders how to read the chart and draw everything by hand. No short cuts.

Just to mention, although not an indicator, tradingview has a XABCD and Cypher harmonic tool, that will calculate and show all the ratios at the various points. Its handy, but its the only thing that is missing on ninja trader for me ( comparing to tradingview ).
  • #25,789
  • Edited 6:04am Feb 22, 2017 3:39am | Edited 6:04am
Long AU

Update: Stopped out
Order flow has changed, looking for shorts now
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  • #25,790
  • Edited 7:09am Feb 22, 2017 5:57am | Edited 7:09am
Looks like a sell day on YM. Both intraday and short term agree. only the day will tell waiting on a deep correction(701-719) and rotation
we did have weak pitch that completed and a 1 to 1 on 1597 so it should correct deep
8:30amCAD Core Retail Sales m/m
scheduled volatility(hot)
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Empower Your Mind
  • #25,791
  • Edited 7:55am Feb 22, 2017 6:22am | Edited 7:55am
UJ sell on the M3

three drives pullback into 618 fib, I missed the rotation candle so have entered on retrace to the 618 of rotation selloff for strong RR

Target lows then 1:1 completion
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Edit testing lows, stop to breakeven
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Edit aggressive trail at 1:1 completion, locked in +17
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Edit Stop hit +17. NEXT!
Bulls nor Bears may hide their intent.
  • #25,792
  • Feb 22, 2017 7:59am Feb 22, 2017 7:59am
Quoting wigtrade
UJ sell on the M3 three drives pullback into 618 fib, I missed the rotation candle so have entered on retrace to the 618 of rotation selloff for strong RR Target lows then 1:1 completion {image} Edit testing lows, stop to breakeven {image} Edit aggressive trail at 1:1 completion, locked in +17 {image} Edit Stop hit +17. NEXT!
Nice painless trade
  • #25,793
  • Feb 22, 2017 8:03am Feb 22, 2017 8:03am
Quoting evocpr19
{quote} Nice painless trade
So easy when they go your way
Bulls nor Bears may hide their intent.
  • #25,794
  • Feb 22, 2017 8:11am Feb 22, 2017 8:11am
Quoting wigtrade
UJ sell on the M3 three drives pullback into 618 fib, I missed the rotation candle so have entered on retrace to the 618 of rotation selloff for strong RR Target lows then 1:1 completion {image} Edit testing lows, stop to breakeven {image} Edit aggressive trail at 1:1 completion, locked in +17 {image} Edit Stop hit +17. NEXT!
Nice one, was on the same
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The video about longer term and shorter term OF was really helpful, thanks Damian
I had a problem going against longer term OF, but what I learned recently is that it's good to be aware of the bigger picture but in the end it is better to go with the intraday/short term OF, especially if the strength is on our side.
the 3rd wave is the crowd's wave
  • #25,795
  • Feb 22, 2017 8:22am Feb 22, 2017 8:22am
Hello Traders,

Will catch up on the posts later today. I'm a bit late again getting in but will be posting my trades as usual. Bearish out look today and we are still withing the complex correction of the longer term main swing that has an expectation of a NSH so careful the market does not rejoin the longer term looking for shorts below 650 offers higher risk trades.
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If you fail to plan, you plan to fail.
  • #25,796
  • Feb 22, 2017 8:31am Feb 22, 2017 8:31am
Quoting juriFX
{quote} Nice one, was on the same {image} The video about longer term and shorter term OF was really helpful, thanks Damian I had a problem going against longer term OF, but what I learned recently is that it's good to be aware of the bigger picture but in the end it is better to go with the intraday/short term OF, especially if the strength is on our side.
Nice one. Thanks to Damian this is slowly getting easier week by week
Bulls nor Bears may hide their intent.
  • #25,797
  • Feb 22, 2017 8:38am Feb 22, 2017 8:38am
short term Order flow has changed to bullish

Also note the large bluezone is the 6178 of larger upmove and price slowing on approach

I'm now looking for longs on a pullback to the yellowzone
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Bulls nor Bears may hide their intent.
  • #25,798
  • Feb 22, 2017 8:44am Feb 22, 2017 8:44am
GBPUSD longed a few hours ago, finally coming to life
Huge swings may take forever.
However, I do not really want to trade the smaller swings thinking that order flow is to the downside.
I am not confident with my order flow analysis in this one... Would appreciate some help (: Still learning
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  • #25,799
  • Feb 22, 2017 8:51am Feb 22, 2017 8:51am
Longed USDCAD on rotation
I see buyers on the way down.
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  • #25,800
  • Feb 22, 2017 8:57am Feb 22, 2017 8:57am
Order flow is a mess at the moment. Price should be selling off. I was considering a short at the level price reached but no rotation was achieved and the bulls have really stepped up their game. I am looking to find alignment with the bulls.
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If you fail to plan, you plan to fail.
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