YM +9 on this one = +60 for the day. Notes on chart. image

Ratios & Harmonics: a Different Way to Trade

YM +51 Notes on chart. I should have looked to play the short off the 113 fail. image

Ratios & Harmonics: a Different Way to Trade

YM We made a weak NSL and then came back up and made a retest, however momentum on this leg back up is a lot weaker than the prior up leg. Not sure how I'll look to play this.

Ratios & Harmonics: a Different Way to Trade

You're right, I think that's part of it. This summer it was hard to see follow-through in any one direction. Reviewing some of my trades, it appears I'm using the orderflow to wait for a reversal and take that contrarian trade. There have been a lot ...

Ratios & Harmonics: a Different Way to Trade

Didn't trade today. I made the same mistake I made Friday - waiting for a good reversal long setup to present itself, which it never did. I don't know why I have an issue playing continued strength to the downside. Clearly shorting was the way to go ...

Ratios & Harmonics: a Different Way to Trade

YM Couple thoughts this morning. We've retraced near 100% of this last main leg up. If we get back up to this fuchsia zone then I'll watch for how price tests it for a possible short. image Then again, I'm keeping the whole picture in mind. This ...

Ratios & Harmonics: a Different Way to Trade

What a move today, did anyone make any trades? YM has backtested and broke above the 8/2 swing low that I spoke of this morning. Futs look like they're headed for the SOC.

Ratios & Harmonics: a Different Way to Trade

Thanks man. Having the daily quota has definitely helped out my trading I feel, mostly because before every trade I'm asking myself "Does this trade have a good chance of hitting 20+pts?" So I'm avoiding a lot of questionable setups that I'd have ...

Ratios & Harmonics: a Different Way to Trade

YM +38 I had my stop set for +39 but due to slippage got filled at +38. Notes on chart, done for day here.

Ratios & Harmonics: a Different Way to Trade

Might be done for today.

Ratios & Harmonics: a Different Way to Trade

YM Locked in 39 so far. Edit - taken out for +39

Ratios & Harmonics: a Different Way to Trade

Lol, this article is 95% trashing fibs and 5% trashing trendlines, or that's what I got out of it anyway. There's subjectivity for sure in regard to both concepts as well as everything having to do with trading. As traders we know this, or should ...

Ratios & Harmonics: a Different Way to Trade

YM Mapped out some areas of interest this morning. Some details I'm being mindful of: - We lost a major support from 8/2 and have not back tested the breakdown yet. - We just about touched the 50% retracement from Brexit lows. - We are 100% net ...

Ratios & Harmonics: a Different Way to Trade

Rocky this roadmap is much appreciated. Over the years I've tried to use diagonal trend lines because I've seen them work so well on other people's charts, but when I've tried them I've had little success with them. Usually I will notice them after ...

Ratios & Harmonics: a Different Way to Trade

Sup Stavro, yeah when I'm mapping out the PRZ I use a few different factors. Since we've basically abandoned the idea of using traditional harmonic patterns (bat, butterfly, etc) in this thread, Damian has advised us to project the 1:1 and then ...

Ratios & Harmonics: a Different Way to Trade

image Here's a great example. When you're finding the overnight distribution you're looking at how much of the overnight price action is above or below the prior day's close. The reason that this can be beneficial is that when the overnight ...

Ratios & Harmonics: a Different Way to Trade

You managed this excellent. I can see why you stuck with your conviction, all of that confluence and once price had that huge dump you had new resistance at .7775 and 4hr resistance at .7782. I'd marked a couple areas on a 2hr chart as I was ...

Ratios & Harmonics: a Different Way to Trade

YM +47 Notes on charts image image

Ratios & Harmonics: a Different Way to Trade

Lol, I spent a little more time than I'd like to admit playing around with ninja's session settings trying to get my PA to look similar to your initial chart. Looked on TOS as well but was coming up with the same as ninja. Anyway, definitely working ...

Ratios & Harmonics: a Different Way to Trade

Ok I see. I think I remember you saying you move to b/e fairly quick when you take these countertrend trades right? You had the right idea, just a swing too early :/ Nice roadmap Rocky. Did you adjust your target at all? Price looks to have gotten ...

Ratios & Harmonics: a Different Way to Trade