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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

  • #28,721
  • May 11, 2017 7:56am May 11, 2017 7:56am
Quoting Milfortra
{quote} We could do this..... Fantastic projection, shallow depth, confluence of the 38.2 Fib and the completion of a small 1 to 1 correction to the downside following the medium term order flow....(something like Monday's or Tuesday's PA) with the SL above the 50 Fib {image}
Hmm, so far I have no luck with 0.382 setups. Win rate very low. So I stop trading it nowadays. Good luck!
  • #28,722
  • May 11, 2017 8:01am May 11, 2017 8:01am
Quoting lithium1
{quote} Hmm, so far I have no luck with 0.382 setups. Win rate very low. So I stop trading it nowadays. Good luck!
Don't think I will be taking it. Just look at the strength and volume of the bulls reaching there.....

I will rather wait for a higher probability trade....
  • #28,723
  • May 11, 2017 8:05am May 11, 2017 8:05am
Quoting Velikov
Dj30 is going sideways at support.....waiting for FBO short !!!!
The BO to the up side looks genuine.....looking for PB long !!!
  • #28,724
  • May 11, 2017 8:15am May 11, 2017 8:15am
Looks like the bears are trying to make a move in this area.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_05_11 Bears Coming in.png Size: 126 KB
If you fail to plan, you plan to fail.
  • #28,725
  • May 11, 2017 8:16am May 11, 2017 8:16am
This is what it looks like on a regular chart
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_05_11.png Size: 54 KB
If you fail to plan, you plan to fail.
  • #28,726
  • May 11, 2017 8:21am May 11, 2017 8:21am
Quoting Mr. Pip
Looks like the bears are trying to make a move in this area. {image}
The bulls are losing momentum coming to the golden ratio but the bears don't look too impressive as well...
  • #28,727
  • May 11, 2017 8:25am May 11, 2017 8:25am
Looks like the order flow candles again were able to pin point a good and early entrance but have the bulls been able to do just enough to weaken the bear? We will see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_05_11 Update.png Size: 141 KB
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_05_11.png Size: 54 KB
If you fail to plan, you plan to fail.
  • #28,728
  • May 11, 2017 8:28am May 11, 2017 8:28am
Will the sellers defend the zone? Now we can see exactly where this should occur.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-17 (233 Tick) 2017_05_11Update.png Size: 142 KB
If you fail to plan, you plan to fail.
  • #28,729
  • May 11, 2017 8:37am May 11, 2017 8:37am
Quoting Velikov
{quote} The BO to the up side looks genuine.....looking for PB long !!!
Took the long out for +12
  • #28,730
  • May 11, 2017 8:47am May 11, 2017 8:47am
Quoting Velikov
{quote} Took the long out for +12
2 scalps after the drop
Attached Image (click to enlarge)
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  • #28,731
  • May 11, 2017 8:57am May 11, 2017 8:57am
Hello Traders, here is the video. Subscribe and like if it has value as this helps others find the content easier.

https://youtu.be/Q1GlojZ-v0k
If you fail to plan, you plan to fail.
  • #28,732
  • May 11, 2017 10:59am May 11, 2017 10:59am
YM: As usual a miss I can't get used to this instrument but i'm trying.
6J: +25 ticks for a little over 1:1= R:R trade. Closed it out early cause it's late and I just want my money and to get away from the PC.

Expectation was for a mid correction which we got. Rotation was awesome but it got printed very fast along with the next 2-3 candles and that's why my entry is late. We also had a minor resistance level to the left.
Attached Image (click to enlarge)
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  • #28,733
  • May 11, 2017 11:40am May 11, 2017 11:40am
USDJPY 233tick
Expectation is NSL
Short on 78.6 correction
momentum and projection of the bulls was weakening
SL above swing
TP at 1:1 completion. Is that realistic? Will start trailing of course. Already at BE.

Attached Image (click to enlarge)
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  • #28,734
  • May 11, 2017 12:14pm May 11, 2017 12:14pm
Quoting PeterT
USDJPY 233tick Expectation is NSL Short on 78.6 correction momentum and projection of the bulls was weakening SL above swing TP at 1:1 completion. Is that realistic? Will start trailing of course. Already at BE. {image}
Looks good to me... except the trailing. Aren't you too aggressive? Price needs its room to fluctuate a bit.
  • #28,735
  • May 11, 2017 12:20pm May 11, 2017 12:20pm
Quoting lithium1
{quote} Nice trade! But bro did you skip confluence here? 1. The order flow momentum of the swing coming down seems stronger than the previous up swing. 2. Your stop loss was place very far away, because of the long term structure?
Quoting jmezz
{quote} There was so much confluence for that long, I'll post a chart tomorrow.
Selling on that 2nd leg into the 618 is weaker than both the harmonic pb and projected 1:1.
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  • #28,736
  • May 11, 2017 12:35pm May 11, 2017 12:35pm
Quoting x3m-PippiN
{quote} Looks good to me... except the trailing. Aren't you too aggressive? Price needs its room to fluctuate a bit.
Hi x3m-PippiN thanks for your comment.
I didn't mean I would start trailing right away
I'll trail above clear structure to the left, still giving the trade breathing space.
(I did protect fast, but price was already below the last swing on the left and I wanted to be safe)

But I also have to go to sleep in an hour or so.
So I'll put my SL above structure to the left and set my TP at the previous NSL to have the highest probability of hitting TP.
Is that still too aggressive?
Would you suggest another trailing approach?
Thanks
Peter
  • #28,737
  • May 11, 2017 1:02pm May 11, 2017 1:02pm
Quoting PeterT
USDJPY 233tick Expectation is NSL Short on 78.6 correction momentum and projection of the bulls was weakening SL above swing TP at 1:1 completion. Is that realistic? Will start trailing of course. Already at BE. {image}
Sleeping time.. SL at BE+1, TP at safer location as I cannot trail while I sleep
Momentum of the bears is weak, we're at S1 pivot support so I don't know if we'll make it without hitting the SL.

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  • #28,738
  • May 11, 2017 1:27pm May 11, 2017 1:27pm
Mr Pip and traders,

I think it's great that Damian is showing some order flow/footprint charts. Back in the day they just called this "reading the tape" and it was reserved for pit traders. I began my quest to learn these a few months back when Rocky first shared one, and like Mr Pip, I've had a lot of fun playing around with them. I know a few traders who frequent this thread are familiar with them, but I assume most are not. If there is any interest I'd be happy to put together a post on how to read order flow, and how market orders fill limit orders to create the "tape". It can be eye opening when you see why the market really moves and how some "interesting occurrences" like liquidity vacuums or flushes can occur. Although I admit, I am not the trader Mr Pip is, if there is any interest either like this post or PM me and I will try to compile something soon. I know Damian has his hands full at the moment, and I'm happy to give back what I can since he has done so much for all of us.
  • #28,739
  • May 11, 2017 3:09pm May 11, 2017 3:09pm
Quoting Forthebulls
Mr Pip and traders, I think it's great that Damian is showing some order flow/footprint charts. Back in the day they just called this "reading the tape" and it was reserved for pit traders. I began my quest to learn these a few months back when Rocky first shared one, and like Mr Pip, I've had a lot of fun playing around with them. I know a few traders who frequent this thread are familiar with them, but I assume most are not. If there is any interest I'd be happy to put together a post on how to read order flow, and how market orders fill limit...
Definitly interested !

But can I ask your opinion on something ? On monday I will have to buy a yearly license from SierraChart. They have 2 service packages, one with footprint and one without. I think I can still get the delta information with both of them. You think its worth it ? I am afraid of buying it and then end up not using it later on.
  • #28,740
  • May 11, 2017 3:32pm May 11, 2017 3:32pm
Quoting Forthebulls
Mr Pip and traders, I think it's great that Damian is showing some order flow/footprint charts. Back in the day they just called this "reading the tape" and it was reserved for pit traders. I began my quest to learn these a few months back when Rocky first shared one, and like Mr Pip, I've had a lot of fun playing around with them. I know a few traders who frequent this thread are familiar with them, but I assume most are not. If there is any interest I'd be happy to put together a post on how to read order flow, and how market orders fill limit...
Please do we are all students here. Looking forward to your lesson.
If you fail to plan, you plan to fail.
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