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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

  • #28,581
  • May 8, 2017 9:11am May 8, 2017 9:11am
Quoting Velikov
protected {image}
sounds like trading with condom
  • #28,582
  • May 8, 2017 9:13am May 8, 2017 9:13am
Quoting Velikov
{quote} sounds like trading with condom
stopped +2
  • #28,583
  • May 8, 2017 9:18am May 8, 2017 9:18am
Looking to LONG.

Tempted to SHORT for shorter order flow thou.
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  • #28,584
  • May 8, 2017 9:24am May 8, 2017 9:24am
Quoting lithium1
Looking to LONG. Tempted to SHORT for shorter order flow thou. {image}
Just my 2 cents.

Shorting now is not the best place at the moment although the immediate order flow is for a NSL. Projection was weak and PA did not correct deep enough. Moreover bulls should be defending their position very strongly at the current SD zone.... let's wait for more information from PA.
  • #28,585
  • May 8, 2017 9:27am May 8, 2017 9:27am
For SHORT, if it gets back to 960
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  • #28,586
  • May 8, 2017 9:28am May 8, 2017 9:28am
I'm bearish now!!!!
  • #28,587
  • May 8, 2017 9:31am May 8, 2017 9:31am
not sure if it is just an idea but i noticed than price like to range in the first hour of the US open .. someone else noticed this ? because trading ranging market is also lucrative just need to be prepare for this
There is no way to happiness , happiness is the way.
  • #28,588
  • May 8, 2017 9:32am May 8, 2017 9:32am
short
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  • #28,589
  • May 8, 2017 9:36am May 8, 2017 9:36am
I see SHORT setup at DAX. But RR not good. :-(
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  • #28,590
  • May 8, 2017 9:39am May 8, 2017 9:39am
Quoting PeterT
{quote} LOL Lundies I'm sorry I inspired you That was obviously a bad idea ;-) I was now actually still hoping to re-enter long at a deeper correction if PA allows it. But for you I'm hoping for large bear candles then :-) Good luck with your short!
Haha no you are right I think - better to wait to take trades with more entry signals than using only expectation and rotation bar! My short trade ended quick +3 since my rules for the time being keep me out of complex corrections. I am open to a long trade atm since PA is saying bears are weakening. I may just watch though .
  • #28,591
  • May 8, 2017 9:44am May 8, 2017 9:44am
stopped -16
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  • #28,592
  • May 8, 2017 9:49am May 8, 2017 9:49am
How about this SHORT setup? RR not bad. But need to zoom down to 144ticks
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  • #28,593
  • May 8, 2017 9:51am May 8, 2017 9:51am
looks like fbo short
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  • #28,594
  • May 8, 2017 9:58am May 8, 2017 9:58am
EURUSD
Although bears produce strong candles, I'm still holding on to that previous long
Had a nice rotation candle after a very weak NSL..
Might be emotions controlling me. Maybe I just WANT to be right. I don't know. We'll see..
SL below the rotation candle..

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  • #28,595
  • May 8, 2017 10:01am May 8, 2017 10:01am
NDX +4
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  • #28,596
  • May 8, 2017 10:06am May 8, 2017 10:06am
Quoting PeterT
EURUSD Although bears produce strong candles, I'm still holding on to that previous long Had a nice rotation candle after a very weak NSL.. Might be emotions controlling me. Maybe I just WANT to be right. I don't know. We'll see.. SL below the rotation candle.. {image}
SL hit
-7 pips

I think following very important rule applies:
Trade what you see, not what you think might happen
  • #28,597
  • May 8, 2017 10:11am May 8, 2017 10:11am
Quoting PeterT
EURUSD Although bears produce strong candles, I'm still holding on to that previous long Had a nice rotation candle after a very weak NSL.. Might be emotions controlling me. Maybe I just WANT to be right. I don't know. We'll see.. SL below the rotation candle.. {image}
Hope you weren't taken out by now - I saw the candle you entered on but did not take it since there was no relevant structure to the left (not what I called strong anyway), and the bears had broken right through the structure just above where price was when you entered. And since the trade is against expectation, I would have looked for a stronger rotation bar. This PA is tricky here.... hopefully price shoots up for you soon.

EDIT: Just saw your results ... lesson learned ... NEXT!
Also! I have noticed that Spot FX doesn't quite follow harmonics as tightly as what we see from Damian on the YM. It appears to be a little loose with structure levels too. Anyone else pick up on that?
  • #28,598
  • May 8, 2017 10:13am May 8, 2017 10:13am
NQ +2.75, +6.75 = +9.5
YM b/e2, +15 =17

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  • #28,599
  • May 8, 2017 10:16am May 8, 2017 10:16am
If PA does not break out of the current range soon, today might end up as another watching day for me .....

  • #28,600
  • May 8, 2017 10:19am May 8, 2017 10:19am
Quoting Lundies10
{quote} Hope you weren't taken out by now - I saw the candle you entered on but did not take it since there was no relevant structure to the left (not what I called strong anyway), and the bears had broken right through the structure just above where price was when you entered. And since the trade is against expectation, I would have looked for a stronger rotation bar. This PA is tricky here.... hopefully price shoots up for you soon.
This time YOU were right Lundies
I shouldn't have entered.
It was emotions.
- I was afraid price would still do what I predicted previously and leave without me
- I WANTED to be right
- So I ignored the NSL that was formed, I ignored the strong bear candles

I violated a rule of Mr. Pip that is also in my trade plan: Trade what you see, not what you think might happen
It was a bad trade.
I'll hit myself with the trade plan now, learn from it and continue

Grtz Peter
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