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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

  • #26,001
  • Feb 27, 2017 6:38pm Feb 27, 2017 6:38pm
Quoting Lundies10
{quote} I believe you to be right - although I justified it in my head. My logic was: NSH made by the news UPSPIKE, and the DOWNSPIKE was a shallow correction since the second down bar made it to the 38.2 of the previous swing. The lesson I will take away is to be more patient and be especially careful around news. Thanks for the input, in a week or two my results should be pretty good . You've created a monster lol
Happy to hear it. Remember to alway have an expectation even on the order flow. I can understand why you felt it was a NSH. The reality is that it was a complex correction and an a short term NSH so you were not wrong but know what you are trading and what is the expectation.

In this particular situation you had an weak NSH in the immediate order flow with an expectation failure, two things screaming I'm expecting a deep correction. Keep it clean and remember to always have an expectation down to the candle.
If you fail to plan, you plan to fail.
  • #26,002
  • Feb 28, 2017 12:25am Feb 28, 2017 12:25am
Quoting Velikov
{quote} New Structure Low/High...Higher Low, Lower High are hand made annotations
new structur low high .. higher low lower high... interesting ....
Success is a Journey Not a Destination....... kind regards ramzam
  • #26,003
  • Feb 28, 2017 12:48am Feb 28, 2017 12:48am
Entered short after a good rotation candle in my expected pullback zone. Expectation of a NSL around the blue structure zone. Once I approached this zone I existed on the bullish candle rotation. + 8 pips :-)
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  • #26,004
  • Feb 28, 2017 1:35am Feb 28, 2017 1:35am
Second trade for the night. Entered UJ short on the expectation of the NSL.

Almost didn't go in as there was 100% retest of the high, so my expectation of a NSL had weakened. But the very strong bearish bar plus good risk to reward got me into the trade.

Once I hit the low, I got really aggressive with my stop. This was because after the retest of the high before, my expectation of a NSL had diminished somewhat. Stopped out for + 7 pips
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  • #26,005
  • Feb 28, 2017 1:49am Feb 28, 2017 1:49am
good morning traders, beautiful sunny frosty day here in the UK

AUDNZD is working towards a NSH medium term, short term order flow is down. I'm looking for sells on a pullback from here, or potential longs in the 10660 area on completion of 1:1 into structure and 618
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Bulls nor Bears may hide their intent.
  • #26,006
  • Feb 28, 2017 2:17am Feb 28, 2017 2:17am
Long Euro at 1.0585
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  • #26,007
  • Feb 28, 2017 3:28am Feb 28, 2017 3:28am
GM people,

Cautionary day for me. Bias is long for the session. Longterm, Intraday and short term agree. The last Pitch swing for me is very weak so if longs are taken it would be slow going unless bulls kick in gear. Currently no RTP(room to protect) for me no long at the moment. Volume been drying up on both side so hard to squeek out profit. D completion at 840 & 850 Zero Zone. We will see what happen.

no scheduled volatility until 8:30
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Empower Your Mind
  • #26,008
  • Edited 5:10am Feb 28, 2017 4:03am | Edited 5:10am
A few Break Even trades from earlier:

EU Short (M5 Chart) - Didn't quite make 1:1, so was stopped out at BE. I was thinking about exiting as price rejected lower levels, but a large Bullish Candle caught me off guard.

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AJ Short (M5 Chart) - Had to go out for a bit, so closed it at BE. Would have eventually made 1:1.

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  • #26,009
  • Feb 28, 2017 4:28am Feb 28, 2017 4:28am
Maybe looking for shorts if intraday agrees with short term. we will see
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Empower Your Mind
  • #26,010
  • Feb 28, 2017 5:06am Feb 28, 2017 5:06am
could be just a deep correction trailinng agressively 800 very strong confluence
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Empower Your Mind
  • #26,011
  • Feb 28, 2017 5:14am Feb 28, 2017 5:14am
be +2 might get stopped out
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Empower Your Mind
  • #26,012
  • Feb 28, 2017 5:18am Feb 28, 2017 5:18am
GJ Short (M5 Chart) - SL to BE

*Update - Out at BE. At least it wasn't a loss
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  • #26,013
  • Feb 28, 2017 5:26am Feb 28, 2017 5:26am
Riding the pain train !!!
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  • #26,014
  • Feb 28, 2017 5:28am Feb 28, 2017 5:28am
Stopped out. Heading to work. See you all for a new trading month tomorrow.
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Empower Your Mind
  • #26,015
  • Feb 28, 2017 5:33am Feb 28, 2017 5:33am
You guys are on going to believe this. I just SIM traded. I never opened my platform to swtich. WTF couldn't help but to laugh. Have to open ATM before I get going from here on out.
take care
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Empower Your Mind
  • #26,016
  • Feb 28, 2017 6:35am Feb 28, 2017 6:35am
GM Traders, Traffic was a mess late but here.
If you fail to plan, you plan to fail.
  • #26,017
  • Feb 28, 2017 6:37am Feb 28, 2017 6:37am
Quoting Mr. Pip
GM Traders, Traffic was a mess late but here.
Morning, traffic seems jammed in the markets too
  • #26,018
  • Feb 28, 2017 6:40am Feb 28, 2017 6:40am
I was thinking to have the live stream for March in the first half of the month. My baby boy is scheduled to arrive on the 15 so we will do it before then. How does the 8 sound?
If you fail to plan, you plan to fail.
  • #26,019
  • Feb 28, 2017 6:41am Feb 28, 2017 6:41am
Market is not doing anything at the moment.
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If you fail to plan, you plan to fail.
  • #26,020
  • Feb 28, 2017 6:41am Feb 28, 2017 6:41am
Quoting Mr. Pip
I was thinking to have the live stream for March in the first half of the month. My baby boy is scheduled to arrive on the 15 so we will do it before then. How does the 8 sound?
Good. All the best for the birth! (A new Mr. Pip is coming)
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