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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

  • #28,621
  • May 9, 2017 3:56am May 9, 2017 3:56am
EURAUD +20
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  • #28,622
  • May 9, 2017 8:12am May 9, 2017 8:12am
GM Traders, I know I have a some PM to answer and I will do it in the thread later on today since the questions were made public and I have not had the chance to answer them. Bare with me.
If you fail to plan, you plan to fail.
  • #28,623
  • May 9, 2017 8:55am May 9, 2017 8:55am
Having 2nd thoughts of going long on YM at 20940 area. The bulls looked so laboured. What do you guys have?
  • #28,624
  • May 9, 2017 9:02am May 9, 2017 9:02am
Quoting Milfortra
Having 2nd thoughts of going long on YM at 20940 area. The bulls looked so laboured. What do you guys have?

Agree but still,

The Expectation, long its still !
  • #28,625
  • May 9, 2017 9:05am May 9, 2017 9:05am
take profit +18
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  • #28,626
  • May 9, 2017 9:06am May 9, 2017 9:06am
Quoting pereiraalex
{quote} Agree but still, The Expectation, long its still !
Yes indeed. But the bears seems to be accumulating. Hope the bulls show some massive strength now....
  • #28,627
  • May 9, 2017 9:09am May 9, 2017 9:09am
Quoting Milfortra
Having 2nd thoughts of going long on YM at 20940 area. The bulls looked so laboured. What do you guys have?
Was planning a long in the 955-960 area but the bears seemed to step in a bit stronger on the second leg of the correction and I've made it as a rule not to enter when the momentum on the second leg is stronger.

Expectation is still for a NSH ..but first a correction to 961-962 and hopefully an entry there lets see what happens
  • #28,628
  • May 9, 2017 9:11am May 9, 2017 9:11am
Quoting Victor_Lin
take profit +18 {image}
BTW, the price at 10:00 am is pushed by economic event, right? Do you guy avoid to trade before publishing event?
  • #28,629
  • May 9, 2017 9:18am May 9, 2017 9:18am
Quoting x3m-PippiN
{quote} Was planning a long in the 955-960 area but the bears seemed to step in a bit stronger on the second leg of the correction and I've made it as a rule not to enter when the momentum on the second leg is stronger. Expectation is still for a NSH ..but first a correction to 961-962 and hopefully an entry there lets see what happens
Bulls did make a small projection for a NSH. Expecting a deeper correction. Can't find any harmonics and confluence to enter. Will wait for more information.
  • #28,630
  • May 9, 2017 9:19am May 9, 2017 9:19am
Quoting Victor_Lin
{quote} BTW, the price at 10:00 am is pushed by economic event, right? Do you guy avoid to trade before publishing event?
Nope. It was only an orange flag but Mr Pip still trades if there is a high impact news. Therefore, I will follow him....
  • #28,631
  • May 9, 2017 9:23am May 9, 2017 9:23am
I am short on YM, entry protected.
  • #28,632
  • May 9, 2017 9:25am May 9, 2017 9:25am
Quoting Milfortra
{quote} Nope. It was only an orange flag but Mr Pip still trades if there is a high impact news. Therefore, I will follow him....
Got it. Thanks.
I am looking for long at 960.
  • #28,633
  • May 9, 2017 9:30am May 9, 2017 9:30am
Quoting evocpr19
I am short on YM, entry protected.
Well done Evocpr19. If I could find a 1 to 1 completion, I would definately had taken the short. The bulls doesn't look so convincing.....
  • #28,634
  • May 9, 2017 9:36am May 9, 2017 9:36am
Quoting Milfortra
{quote} Well done Evocpr19. If I could find a 1 to 1 completion, I would definately had taken the short. The bulls doesn't look so convincing.....
Thank you. However, I closed the trade with +11. I was not convinced about the PA. Since I closed, price will drop further down
  • #28,635
  • May 9, 2017 9:40am May 9, 2017 9:40am
Quoting evocpr19
{quote} Thank you. However, I closed the trade with +11. I was not convinced about the PA. Since I closed, price will drop further down
  • #28,636
  • Edited 9:57am May 9, 2017 9:41am | Edited 9:57am
Quoting PeterT
{quote} {quote} {quote} All I remember is that there was an issue with the SL when I was disconnected. It might have had something to do with OCO (One Cancels Other) orders being on the client side and not on the server side. If it is on the client side, you need Ninjatrader running and an internet connection to execute the orders. From what I understand it depends on your broker supporting this functionality: http://ninjatrader.com/support/forum/showthread.php?t=5349&highlight=order+reside
Quoting lithium1
I remember I left pending orders like SL and TP and off my PC overnight. Next morning my position is closed at TP. If what you mentioned is true. That's a big risk for using NT!
Lithium1 can you tell who your broker was/is, as you did not seem to have any problems with SL and TP?
The issue I had with my SL in Ninjatrader was with the FXCM demo. And according to the link above FXCM doesn't support OCO so it is handled locally on your PC. That might explain the issue with my SL when I lost internet connection.
So if you were/are using a broker from the list that does support OCO functionality on their servers, then I think that is the answer.
Grtz Peter

EDIT:
Correction:
According to the link above FXCM doesn't support OCO on Ninjatrader so it is handled locally on your PC.
Brokers listed on the link above might support OCO in other trading software.
  • #28,637
  • May 9, 2017 9:43am May 9, 2017 9:43am
Quoting PeterT
{quote} {quote} Lithium1 can you tell who your broker was/is, as you did not seem to have any problems with SL and TP? The issue I had with my SL in Ninjatrader was with the FXCM demo. And according to the link above FXCM doesn't support OCO so it is handled locally on your PC. That might explain the issue with my SL when I lost internet connection. So if you were/are using a broker from the list that does support OCO functionality on their servers, then I think that is the answer. Grtz Peter
Well, FXCM might not support server side OCO on ninjatrader, but it does support it on their software and sierrachart:

http://www.sierrachart.com/index.php?page=doc/FXCMTrading.php

See in "What is Included"
  • #28,638
  • May 9, 2017 9:46am May 9, 2017 9:46am
Short term order flow was broken. Need more observation.
  • #28,639
  • May 9, 2017 9:55am May 9, 2017 9:55am
Quoting pereiraalex
{quote} Well, FXCM might not support server side OCO on ninjatrader, but it does support it on their software and sierrachart: http://www.sierrachart.com/index.php?page=doc/FXCMTrading.php See in "What is Included"
The discussion was about SL not executing in Ninjatrader.
But you're right. I clarified
  • #28,640
  • May 9, 2017 10:01am May 9, 2017 10:01am
Quoting PeterT
{quote} {quote} Lithium1 can you tell who your broker was/is, as you did not seem to have any problems with SL and TP? The issue I had with my SL in Ninjatrader was with the FXCM demo. And according to the link above FXCM doesn't support OCO so it is handled locally on your PC. That might explain the issue with my SL when I lost internet connection. So if you were/are using a broker from the list that does support OCO functionality on their servers, then I think that is the answer. Grtz Peter EDIT: Correction: According to the link above FXCM doesn't...
Hi Peter,
I was trying NT demo without any broker. Maybe that's why no problem :-)
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