Is there much correlation between S&P and Dow?

Ratios & Harmonics: a Different Way to Trade

​Just a bit of a structure trade against expectation (USDJPY 4H), but weakness approaching the bottom of the S/R leads me to think this is still in a range, and has turned on the point of the previous structure. The big push down and rejection shows ...

Ratios & Harmonics: a Different Way to Trade

I got the book for free as a pdf from a book site a few weeks back... it is interesting to see how it builds up - a lot of numbers in there, and is very focused on futures and contracts, as opposed to lot size, but it is all attributable to any ...

Ratios & Harmonics: a Different Way to Trade

You attribute the relevant contract size... so 1!!!! You choose the delta that gives you the right risk to reward ratio... an important point, is that the delta is mainly decided by the Drawdown amount. so if you have a SL of 40 with futures, at $5 ...

Ratios & Harmonics: a Different Way to Trade

I actually think you have placed the cyan line in the wrong place... It should extend further downward, and you have a NSH, a HL and then a NSH... the retrace would then be in line with expectation (difficult to tell without more of the chart) as we ...

Ratios & Harmonics: a Different Way to Trade

The idea is really quite simple - if you start off with a $500 account, and you start with 0.01 lots (for example) every time you increase the account size per lot, you increase the lot count. So, if you want to increase your lot size by 0.01 for ...

Ratios & Harmonics: a Different Way to Trade

EURUSD 4 hour chart: Just be careful of the shorts, as there is a big structure range that currently the price is sitting at the bottom of. I went long a couple of days ago based on the below outlook (but I am really good at picking the wrong ...

Ratios & Harmonics: a Different Way to Trade

This suggests that if you are unnerved before you have even started, it is probably not right at this moment... what i would probably say is that if you need to ask what the DD is, then you are not in a position to start on the futures yet. ...

Ratios & Harmonics: a Different Way to Trade

Nice, I took the same trade, allbeit off the 5 min off retest of sturcture, but still open for me as it missed my TP by 0.8 pips! Lets see i if gets back up and takes my TP out... I also have a longer term (4hr) trade open as a long as well!

Ratios & Harmonics: a Different Way to Trade

step back a moment, work on the current stuff that mr P has set out. It is not something you will perfect overnight, it taes practice, but if you do, it will pave the way for profitability. The harmonic patterns will come, but they are the icing, ...

Ratios & Harmonics: a Different Way to Trade

a strategy is ever only as good as the trader using the strategy. 2 people doing the same thing following the same process will get different results which is what harmonic has said- go back and test for yourself.

Ratios & Harmonics: a Different Way to Trade

Where to start with this... And i mean to say i am exactly the same - except i work off the 15 minutes time frame!

Ratios & Harmonics: a Different Way to Trade

not quite. A tick is an order, so the 233 tick chart is a candlestick made up of 233 orders or ticks, which could be over any period of time. A bar could take a day to close, or 1 minute.. The 5 min could be any amount of orders over a 5 min time ...

Ratios & Harmonics: a Different Way to Trade

Also, if you right click where the cursors are on the tool ribbon, go down to customize, and then you can add fib ext/fib retracements to the ribbon, so you just need to do one click... Hope that helps!

Ratios & Harmonics: a Different Way to Trade

It is equivalent, but not exactly the same! You can get indicators for MT4 that are supposed to be tick charts, but I have not looked at them, as they are never in the main window, an dseems to confuse me more than help me!

Ratios & Harmonics: a Different Way to Trade

You need to download ninja trader to get tick charts. You can use your fxcm login to get the streamed data for forex, but will need a data provider for futures. Mt4 does not have tick charts as standard

Ratios & Harmonics: a Different Way to Trade

Those entries.... VERY nice!

Ratios & Harmonics: a Different Way to Trade

I think the EURUSD trade looks good. For the USDJPY, be careful as it has just gone into a support and resistance area, and i have another S/R area where you first blue box is - basically where the structure is (drawn in about 8 hours ago!). Where ...

Ratios & Harmonics: a Different Way to Trade

After analysing some of my trades, it always comes back tot he same thing - not enough room for the trade to breathe, and ultimately being stopped out with a loss. So I have done a couple of things, but moving to a new way of trading this strategy ...

Ratios & Harmonics: a Different Way to Trade

On a long enough timeline, with unlimited funds, having no stop loss is perfectly fine, however we dont have the luxury of unlimited time or money. Forex is a numbers game, money management and trade management are the two key factors (you can even ...

Trading without stop loss