If you fail to plan, you plan to fail.
Ratios & Harmonics: a Different Way to Trade
- #28,901
- May 17, 2017 8:05am May 17, 2017 8:05am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
- #28,902
- May 17, 2017 8:10am May 17, 2017 8:10am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #28,904
- May 17, 2017 10:22am May 17, 2017 10:22am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} You're right the expectation was an NSL. I saw longer term (since Asian session) weakness in the bear's moves, thought a longer term correction was about to come. Especially with the support area, and price already corrected 100% short-term. so I felt there was a good possibility that we were going for the correcion todayof course, it was not a high probablity trade I guess I was bored and wanted to trade the range. Not the best trade I guess. Luckily I got out alive
{quote} Well.. so I saw weakness in the bears this morning..
- #28,908
- Edited 4:29pm May 17, 2017 2:18pm | Edited 4:29pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
NQ +17.75
YM +3
Today would have been much easier / profitable if I just followed the trend. Seems to be a lasting issue of mine.
Edit - Was rushing to get charts up on forum, I missed a loss. I'll detail new chart tomorrow.
YM +3
Today would have been much easier / profitable if I just followed the trend. Seems to be a lasting issue of mine.
Edit - Was rushing to get charts up on forum, I missed a loss. I'll detail new chart tomorrow.
{quote} 200 pips in one day.. they are really rubbing it in LOL Can you explain what you mean by harder to assess strength and weakness? Compared to what? Grtz Peter
When you have a time based chart the momentum is skewed. For example during the Asian session there isn't much movement so it looks like there is weak momentum but when you compare it to a tick chart it's a different story.
The tick charts for spot fx aren't real because spot forex is a DEcentralized market and no one knows exactly how many trades there are at a given moment. Now take a look at an instrument traded at a certain exchange like CME (Chicago mercantile exchange) , NYSE (New York stock exchange), ICE, Eurex etc. etc. those are all centralized markets and at any given moment the number of trades (ticks) entering the market are known.. so that's a true tick chart.
I started out with Mr.Pip's method on a time based chart on mt4 and it was ok but when I switched to (the dark side
) futures and tried real tick charts...I can't imagine trading on a time based chart ever again.Don't get me wrong.. you can be profitable with time based charts but for me and a couple of other guys on the thread it's a lot easier to read a tick chart and it's also more appealing to the eye.
- #28,910
- May 17, 2017 2:25pm May 17, 2017 2:25pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
NQ +17.75 YM +3 Today would have been much easier / profitable if I just followed the trend. Seems to be a lasting issue of mine. {image} {image} {image}
... I should write a psychology/ philosophy book
- #28,913
- May 17, 2017 3:39pm May 17, 2017 3:39pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Compared to a regular true tick chart. ...
It is not real volumes traded that I see with ticks in forex, I know.
Now I use tick chart as main source on one screen in Ninjatrader and time based in MT4 with a tick volume indicator on a second screen.
For now that gives me the information I need, until I switch to the other side one day
- #28,917
- May 17, 2017 5:58pm May 17, 2017 5:58pm
Hello Traders, Here is the link to the live stream. It was a very long one and also another small losing day. There are lots to good content if you can sit through it. We had lots of time to talk about non trading things as well. I am looking for a session when the market is flowing and offers multiple opportunities but unfortunately it has not been the case. We will fine it the last two live streams have been technically productive but not profitable and I'm fine with that. As long as we can learn for it then overall its a win for me and you. We...
- #28,918
- May 17, 2017 6:46pm May 17, 2017 6:46pm
{quote} Still playing catch up and wondering if anyone else cannot play the above video? Cannot watch in the thread and in YT it is saying it is unavailable for some reason?
The video is playing on both my computer and ipad, in the thread and YT directly . . . try restarting your device.
Best,
N
- #28,919
- May 17, 2017 6:53pm May 17, 2017 6:53pm
- | Joined Jan 2014 | Status: Trader | 1,089 Posts
{quote} Still playing catch up and wondering if anyone else cannot play the above video? Cannot watch in the thread and in YT it is saying it is unavailable for some reason?
