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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

  • #26,681
  • Mar 9, 2017 10:08am Mar 9, 2017 10:08am
Quoting Mr. Pip
{quote} Thank you He arrives if he does not come early next Wednesday the 15 then I will probable take the rest of the week off and be back on Monday the 20. We will see and I will let you all know.
Best of luck to the whole family. Hope everything goes perfectly (as I'm sure it will) for you all my friend.
  • #26,682
  • Mar 9, 2017 10:09am Mar 9, 2017 10:09am
Volume has increased on the bull side of things so I'm on the sidelines at the moment. I'm not actively looking for any shorts. I need more information.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #26,683
  • Mar 9, 2017 10:12am Mar 9, 2017 10:12am
Quoting trader1969
{quote} Best of luck to the whole family. Hope everything goes perfectly (as I'm sure it will) for you all my friend.
God willing, thanks!
If you fail to plan, you plan to fail.
  • #26,684
  • Mar 9, 2017 10:27am Mar 9, 2017 10:27am
Unfortunately this was not clear to me and that bulls took a big dump after making some progress. I didn't have a clear read on taking a short. Even though shorting was my interest as I stated. But I did not like the way the buyers defended their zone abd I did not have a rotation. Oh well, the bulls may surprises us though they are not finished.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #26,685
  • Mar 9, 2017 10:31am Mar 9, 2017 10:31am
Not me, I need more room. Also into an area the bulls are trying to defend.
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If you fail to plan, you plan to fail.
  • #26,686
  • Mar 9, 2017 10:45am Mar 9, 2017 10:45am
Hey guys no more trades for me I'm heading out to take care of a few things. I'll come back later to catch up an make the post trading video I mentioned. I hope you all had fun today.
If you fail to plan, you plan to fail.
  • #26,687
  • Mar 9, 2017 11:43am Mar 9, 2017 11:43am
Quoting evocpr19
{quote} Congrats. I would not have believed in price dropping so well.
I think it's one of the problem with this strategy. We never know which swing (long/short) he is trading so it is difficult if not impossible to decipher his decisions from the thin slice of PA he is showing.
  • #26,688
  • Mar 9, 2017 11:44am Mar 9, 2017 11:44am
Quoting Mr. Pip
March so far {image}


That's what we call in the investment industry as "Killing it".
  • #26,689
  • Mar 9, 2017 12:36pm Mar 9, 2017 12:36pm
Nailed this one.... +50 , USD/JPY closed +2
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  • #26,690
  • Mar 9, 2017 12:39pm Mar 9, 2017 12:39pm
Quoting crixus
{quote} I think it's one of the problem with this strategy. We never know which swing (long/short) he is trading so it is difficult if not impossible to decipher his decisions from the thin slice of PA he is showing.
Maybe think less of one swing that is traded and more of the whole picture (all swings combined).
  • #26,691
  • Mar 9, 2017 1:02pm Mar 9, 2017 1:02pm
Quoting stavrogijn
{quote} Maybe think less of one swing that is traded and more of the whole picture (all swings combined).
easy to say
  • #26,692
  • Mar 9, 2017 1:06pm Mar 9, 2017 1:06pm
Quoting evocpr19
{quote} easy to say

True. I think learning to trade is a lot about computing more and more data and being able to simplify a very complex picture without blending out the complexities. A lot of information is blended out in the beginning just because one can not handle it. We need simple patterns and processes to be able to handle the price action. The more we get used to it, the more factors we are able to manufacture into our picture of the market. It is easier to only include one swing into our analysis, but we will be more successful, when we are able to see a broader picture. As tough as that is. That is all what I was trying to convey here.
  • #26,693
  • Edited 1:50pm Mar 9, 2017 1:26pm | Edited 1:50pm
Quoting stavrogijn
{quote} True. I think learning to trade is a lot about computing more and more data and being able to simplify a very complex picture without blending out the complexities. A lot of information is blended out in the beginning just because one can not handle it. We need simple patterns and processes to be able to handle the price action. The more we get used to it, the more factors we are able to manufacture into our picture of the market. It is easier to only include one swing into our analysis, but we will be more successful, when we are able to...
If I consider the PA of the last days and also bearing in mind the accumulation which favours the bears and the medium term expectation of a NSL (longer term was still NSH), when I could now say that the new NSL which just happened (which broke also the long term expectation) would be obvious.
However, from a intraday standpoint, it is less obvious for me. The longer term NSL was not impressive compared to the previous one; we broke structure to the upside from an intraday standpoint and therefore in the immediate orderflow the expectation would have been a NSH. As we can now see, price started to accelerate to the downside and even placing the SL below the last swing would have been hit.

They have been several occasion in the past were e.g. the long term expectation was NSL but intraday was NSH, so long was traded and ended succesfully. I hope that you know what I mean.

End of story of today was, that I took no trade.
  • #26,694
  • Mar 9, 2017 2:36pm Mar 9, 2017 2:36pm
Quoting evocpr19
{quote} If I consider the PA of the last days and also bearing in mind the accumulation which favours the bears and the medium term expectation of a NSL (longer term was still NSH), when I could now say that the new NSL which just happened (which broke also the long term expectation) would be obvious. However, from a intraday standpoint, it is less obvious for me. The longer term NSL was not impressive compared to the previous one; we broke structure to the upside from an intraday standpoint and therefore in the immediate orderflow the expectation...
I absolutely understand. I trade the same markets. I experience the same struggle everyday.
  • #26,695
  • Mar 9, 2017 3:14pm Mar 9, 2017 3:14pm
short
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  • #26,696
  • Mar 9, 2017 4:14pm Mar 9, 2017 4:14pm
Hello Traders, Here is the post session video. I will also be back later to comment on the most recent posts.

https://youtu.be/Ctej8A35aOA
If you fail to plan, you plan to fail.
  • #26,697
  • Mar 9, 2017 4:36pm Mar 9, 2017 4:36pm
Quoting x3m-PippiN
{quote} The 6E (eur/usd) ,E7 (e-mini eur/usd) and the M6E (e-micro eur/usd) are all EUR/USD contracts but with different margin requirement (6E being the highest) and different tick value (6E again highest 6.25 per tick). IF eur/usd moves 50 points ..so do all the 3 instruments. Check a daily, 4H or 1H chart and you will see that they look pretty much the same. You can't use a tick/volume chart on E7 and M6E because they have relatively low volume and there aren't many bars being printed. That said you can analyse 6E and place orders on one of the...
Ok thanks for the input. No harm in trying at this point since I am shopping instruments. I do really like the /E7 margin and tick value for now. Can you please elaborate on this statement: if there is a major move where price shoots in one direction (50+ pips) don't expect a good fill if you even get one because of lower liquidity. What do you mean by good fill? Are you talking about a bar fill on the chart? Thanks again, good trading today everyone.
  • #26,698
  • Mar 9, 2017 5:02pm Mar 9, 2017 5:02pm
Quoting Lundies10
{quote} Ok thanks for the input. No harm in trying at this point since I am shopping instruments. I do really like the /E7 margin and tick value for now. Can you please elaborate on this statement: if there is a major move where price shoots in one direction (50+ pips) don't expect a good fill if you even get one because of lower liquidity. What do you mean by good fill? Are you talking about a bar fill on the chart? Thanks again, good trading today everyone.
He means the fill of your stop loss order (or your entry order, if you are entering during that move). You might get a lot worse price than you are expecting as there might not be enough orders to fill your order.
  • #26,699
  • Mar 9, 2017 5:06pm Mar 9, 2017 5:06pm
Quoting Lundies10
{quote} Ok thanks for the input. No harm in trying at this point since I am shopping instruments. I do really like the /E7 margin and tick value for now. Can you please elaborate on this statement: if there is a major move where price shoots in one direction (50+ pips) don't expect a good fill if you even get one because of lower liquidity. What do you mean by good fill? Are you talking about a bar fill on the chart? Thanks again, good trading today everyone.
Hey Lundies,

By a bad fill he means slippage. Slippage occurs when you take a trade at market but the next pending order to fill is past your intended price and your order ends up being filled a tick or multiple ticks away from your ideal/intended entry. You can usually avoid slippage with limit orders, but then again, there is no guarantee your limit order will be filled if there is no liquidity or volume moving the market.
  • #26,700
  • Mar 9, 2017 5:32pm Mar 9, 2017 5:32pm
Quoting Forthebulls
{quote} Hey Lundies, By a bad fill he means slippage. Slippage occurs when you take a trade at market but the next pending order to fill is past your intended price and your order ends up being filled a tick or multiple ticks away from your ideal/intended entry. You can usually avoid slippage with limit orders, but then again, there is no guarantee your limit order will be filled if there is no liquidity or volume moving the market.
Ahhh ok got it. Thanks (you too Sniper). Sounds like it may just complicate the whole thing as a strategy and I would hate to be boned on a bad fill. I will continue the search . And Mr. P I will look into going back to spot FX until my comfort (and wallet) can support the futures I am interested in.
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