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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

  • #27,801
  • Apr 19, 2017 6:56am Apr 19, 2017 6:56am
Quoting Milfortra
Short term order flow is still for NSH. Medium term is going through a complex correction but looking for a NSL. Let's see if the PA plays out this way... {image}
Missed the freaking boat again. Expected for PA to have a deeper depth as the projection was so small.
  • #27,802
  • Apr 19, 2017 6:56am Apr 19, 2017 6:56am
Quoting evocpr19
{quote} I might be wrong, but I expect in the big picture a new NSH. So long is prefered. I took a long at the low, but got kicked out again.
Yes the expectation is for a NSH
If you fail to plan, you plan to fail.
  • #27,803
  • Apr 19, 2017 7:04am Apr 19, 2017 7:04am
Yup I took the trade Victor did too, stopped out +19 points.
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  • #27,804
  • Apr 19, 2017 7:11am Apr 19, 2017 7:11am
Really hard day to process today either side has a case for entry
If you fail to plan, you plan to fail.
  • #27,805
  • Apr 19, 2017 7:13am Apr 19, 2017 7:13am
Quoting Mr. Pip
Really hard day to process today either side has a case for entry
True.
  • #27,806
  • Apr 19, 2017 7:16am Apr 19, 2017 7:16am
Short Not the best place but it is what it is.
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If you fail to plan, you plan to fail.
  • #27,807
  • Apr 19, 2017 7:21am Apr 19, 2017 7:21am
Come on bears continue. Don't let the stinkin bulls in
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If you fail to plan, you plan to fail.
  • #27,808
  • Apr 19, 2017 7:30am Apr 19, 2017 7:30am
Quoting Mr. Pip
Come on bears continue. Don't let the stinkin bulls in {image}
Looks good for your trade.
  • #27,809
  • Apr 19, 2017 7:32am Apr 19, 2017 7:32am
Update
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If you fail to plan, you plan to fail.
  • #27,810
  • Apr 19, 2017 7:34am Apr 19, 2017 7:34am
Out on the trail +20
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If you fail to plan, you plan to fail.
  • #27,811
  • Apr 19, 2017 7:36am Apr 19, 2017 7:36am
Quoting Mr. Pip
Out on the trail +20 {image}
Congrats
  • #27,812
  • Apr 19, 2017 7:37am Apr 19, 2017 7:37am
Quoting Mr. Pip
Out on the trail +20 {image}
Give me another 2 years and I maybe can be 50% as accurate on your reading of the bar by bar analysis. You went against expectation. Very cool!
  • #27,813
  • Apr 19, 2017 7:38am Apr 19, 2017 7:38am
Price did come into my area of interest but no good rotation.
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  • #27,814
  • Apr 19, 2017 7:39am Apr 19, 2017 7:39am
Quoting Milfortra
{quote} Give me another 2 years and I maybe can be 50% as accurate on your reading of the bar by bar analysis. You went against expectation. Very cool!
The immediate expectation was for a NSL.

Edit:
IMO the hard part is assessing where the strength is. Is it with the immediate OF or with the longer term one?
  • #27,815
  • Apr 19, 2017 7:42am Apr 19, 2017 7:42am
Quoting x3m-PippiN
{quote} The immediate expectation was for a NSL.
Yes indeed. I missed that one. Was looking at a slight longer term order flow.
  • #27,816
  • Apr 19, 2017 7:42am Apr 19, 2017 7:42am
Quoting Milfortra
{quote} Give me another 2 years and I maybe can be 50% as accurate on your reading of the bar by bar analysis. You went against expectation. Very cool!
LOL, I'm not afraid to trade against the expectation when the case is strong enough. Looks like I pinned strength correctly and the news helped as well.
If you fail to plan, you plan to fail.
  • #27,817
  • Apr 19, 2017 7:45am Apr 19, 2017 7:45am
Quoting Milfortra
Price did come into my area of interest but no good rotation. {image}
Yeah bulls are really struggling right now they gave up a lot of territory so it will be interesting to see where they finally decide to engage. I would not be looking to buy this ABCD completion area.
If you fail to plan, you plan to fail.
  • #27,818
  • Apr 19, 2017 7:48am Apr 19, 2017 7:48am
Quoting x3m-PippiN
{quote} The immediate expectation was for a NSL. Edit: IMO the hard part is assessing where the strength is. Is it with the immediate OF or with the longer term one?
Yes, for sure this is one of the more challenging aspects of order flow analysis but, ask yourself. Where is momentum increasing? Where is volume consuming. We are shorter term traders so if the answers to those questions favor the shorter term expectation and trade that.
If you fail to plan, you plan to fail.
  • #27,819
  • Apr 19, 2017 7:54am Apr 19, 2017 7:54am
Quoting Mr. Pip
{quote} Yeah bulls are really struggling right now they gave up a lot of territory so it will be interesting to see where they finally decide to engage. I would not be looking to buy this ABCD completion area.
The lousy rotation and the price lingering around my previous area of interest showed weakness in the bulls where they should have made a statement. This actually saved me from a bad trade.

PA just made a 100% correction with a nice rotation. Will watch and see how it turns out. The big bearish candle earlier is abit scary.
  • #27,820
  • Apr 19, 2017 7:58am Apr 19, 2017 7:58am
Quoting Milfortra
{quote} The lousy rotation and the price lingering around my previous area of interest showed weakness in the bulls where they should have made a statement. This actually saved me from a bad trade. PA just made a 100% correction with a nice rotation. Will watch and see how it turns out. The big bearish candle earlier is abit scary.
Isn't it awesome how price tells us these things
If you fail to plan, you plan to fail.
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