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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

  • #27,681
  • Apr 12, 2017 9:54am Apr 12, 2017 9:54am
my only trade on Ym so far
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Click to Enlarge Name: YM 06-17 (233 Tick) 2017_04_12.png Size: 31 KB
  • #27,682
  • Apr 12, 2017 9:55am Apr 12, 2017 9:55am
What a shity session. Wake up market!!!
If you fail to plan, you plan to fail.
  • #27,683
  • Apr 12, 2017 9:56am Apr 12, 2017 9:56am
missed the leg up to my fist trade due to toilet break
  • #27,684
  • Apr 12, 2017 9:56am Apr 12, 2017 9:56am
Quoting johny8984
missed the leg up to my fist trade due to toilet break
That's an important break.
If you fail to plan, you plan to fail.
  • #27,685
  • Apr 12, 2017 9:58am Apr 12, 2017 9:58am
Took a short break but back in the game now.
GBPCAD 4Hr Trade. Entered Short. Bear Rotation @ 50% Retracement. Profit Target set at the 138% Extension.
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Click to Enlarge Name: Screenshot 2017-04-12 09.18.47.png Size: 64 KB
Play the hand you were dealt.
  • #27,686
  • Apr 12, 2017 9:58am Apr 12, 2017 9:58am
Quoting Mr. Pip
{quote} That's an important break.
1 winning trade is not worth having to get changed for and i couldn't make it another moment
  • #27,687
  • Apr 12, 2017 9:58am Apr 12, 2017 9:58am
I'm looking to see if the bulls to struggle to get to 550-560 for a short. This area stinks because the bulls can find all the support they need if they wanted to.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_04_12.png Size: 40 KB
If you fail to plan, you plan to fail.
  • #27,688
  • Apr 12, 2017 10:01am Apr 12, 2017 10:01am
Quoting johny8984
{quote} 1 winning trade is not worth having to get changed for and i couldn't make it another moment
If you fail to plan, you plan to fail.
  • #27,689
  • Apr 12, 2017 10:11am Apr 12, 2017 10:11am
Quoting Mr. Pip
I'm looking to see if the bulls to struggle to get to 550-560 for a short. This area stinks because the bulls can find all the support they need if they wanted to. {image}
Hope to short at about the same area.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_04_12 11.10pm.png Size: 100 KB
  • #27,690
  • Apr 12, 2017 10:25am Apr 12, 2017 10:25am
Quoting Milfortra
{quote} Hope to short at about the same area. {image}
Come on bulls. Drag yourselves up there where I want you to be.....
  • #27,691
  • Apr 12, 2017 10:29am Apr 12, 2017 10:29am
markets very quiet today on ym but i know whats gonna happen if i log off it will pick up dramatically thinking i might do you all the favor

EDIT: not quiet thats the wrong word but no real direction seems to be reasonable well balanced for now
  • #27,692
  • Apr 12, 2017 10:30am Apr 12, 2017 10:30am
Quoting johny8984
markets very quiet today on ym but i know whats gonna happen if i log off it will pick up dramatically thinking i might do you all the favor
I'm thinking of doing something else too. We cannot make money if the market is not moving
If you fail to plan, you plan to fail.
  • #27,693
  • Apr 12, 2017 10:35am Apr 12, 2017 10:35am
Quoting jmezz
{quote} I disagree. Identifying the first impulse in a move and using it to apply a fib extension AGAINST your main swing offers a good opportunity to build confluence and zero-in on a strong zone to look for an entry. Example from 5w swing prior: {image}
if you look closely, the fib extension he drew on his chart is not the same as yours. It starts at 10.25 at your chart. That's not a swing no matter how you see it and both of you are on the 233 tick.

Look at the area of the arrow pointed on his chart.
  • #27,694
  • Apr 12, 2017 10:36am Apr 12, 2017 10:36am
It seems that all the institutional and fund traders have gone on vacation for the week, at least most of them, we should too.
  • #27,695
  • Apr 12, 2017 10:44am Apr 12, 2017 10:44am
Ok Traders, I'm done there is no point sitting here today. Tomorrow is another day +10 points on the day. If you are going to stick around, I would look to short the 530-540 area if the PA supports the short. Have a great day everyone!
If you fail to plan, you plan to fail.
  • #27,696
  • Apr 12, 2017 10:50am Apr 12, 2017 10:50am
Quoting Mr. Pip
Ok Traders, I'm done there is no point sitting here today. Tomorrow is another day +10 points on the day. If you are going to stick around, I would look to short the 530-540 area if the PA supports the short. Have a great day everyone!
enjoy your day then and 10 pts is not a bad result either (defiantly better than a kick in the teeth anyway)
  • #27,697
  • Apr 12, 2017 3:19pm Apr 12, 2017 3:19pm
Quoting jmezz
{quote} Just downloaded and will have a look after market hours. Much appreciated man.
Hi jmezz,

You might like this study from RanchoDinero's web site about CL. It shows one way to analyse it. Can give you some more thoughts to ponder. Good reading.
http://www.ranchodinero.com/market-studies/instrument-spotlight-nymex-light-sweet-crude-oil/
  • #27,698
  • Apr 12, 2017 3:29pm Apr 12, 2017 3:29pm
Quoting Forthebulls
{quote} Jmezz/Johny8984 and all other interested crude oil traders:...
Would you mind take a recent day of CL and show how you identify the initial stop hunt, the legs as well as the consolidation just to be sure we are reading the Excel sheet properly. thanks.
  • #27,699
  • Apr 12, 2017 3:47pm Apr 12, 2017 3:47pm
Quoting crixus
{quote} Would you mind take a recent day of CL and show how you identify the initial stop hunt, the legs as well as the consolidation just to be sure we are reading the Excel sheet properly. thanks.
Sure, I'll try to put something together this evening, and display it on a chart rather than a spreadsheet. I don't think today will be a good sample since crude can be erratic on inventory day, but I can show examples from Monday and Tuesday.
  • #27,700
  • Apr 12, 2017 7:28pm Apr 12, 2017 7:28pm
Quoting crixus
{quote} Would you mind take a recent day of CL and show how you identify the initial stop hunt, the legs as well as the consolidation just to be sure we are reading the Excel sheet properly. thanks.
The market hasn't been ideal for this type of analysis over the past two weeks... I had to go back to April 4th to find a good example. Again, this is just the way I see the swings on a 15 minute chart, others might interpret them differently depending on the type of chart and time frame they are looking at (tick, range, volume, 1 min, 5 min, etc).

I just wanted to make the point that within some of these markets, legs often start at the same time, cover approximately the same intervals of time, and have similar ranges. Trading is big business after all and businesses operate on schedules. So please don't take the spreadsheet I posted as a system for trading crude, it was just a one month sample of my personal interpretation of the swings to add some comfort and a potential edge to my trades and give me the confidence to actually hold a trade for two hours instead of 2 minutes. I would encourage anyone who wants to do this sort of deep dive; looking for repetition and patterns, to perform their own analysis as it will mean a lot more to your trading when you see and discover it for yourself.
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Click to Enlarge Name: CL 05-17 (15 Minute) 2017_04_04.png Size: 82 KB
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