Mr Pip- I had the main swing defined with the white trendline. Price made a NSH (yellow line) then pulled back a bit, so now does the yellow line become my new main swing? And below the blue swing low would change the short term order flow to ...

Ratios & Harmonics: a Different Way to Trade

I guess my question is why was your bias bullish at the time of your entry? We just had that strong bear move down which was a NSL, making the swing high of that large leg (17316) the point that would have to be broken to change the long term order ...

Ratios & Harmonics: a Different Way to Trade

This is a great response, thank you!

Ratios & Harmonics: a Different Way to Trade

I think some people would make 2 similar plays like this just because they see the patterns forming and can't find a reason not to take them. What happens after you enter a trade is completely out of your control so I think there are those traders ...

Ratios & Harmonics: a Different Way to Trade

Yours is working out excellent as well, awesome! But here's my question... Once price broke the green trendline at the swing low wouldn't that change the long term order flow to down until the main swing high was broken? What was your reason for ...

Ratios & Harmonics: a Different Way to Trade

Thank you for clarifying this, makes a lot more sense now. Going to research it more as well.

Ratios & Harmonics: a Different Way to Trade

First 2 futures papertrades went pretty well. Took 61.8 / structure sells on ES and YM, tightened stops on both when price was nearing the opposite 50fib retrace. image image

Ratios & Harmonics: a Different Way to Trade

The cyan line is just to illustrate that I'm asking about that momentum burst. When you see a burst of momentum like that it shows money entered into the market and it entered strongly. However the move was retraced almost 100% which erased that ...

Ratios & Harmonics: a Different Way to Trade

So how would that be done on a futures contract where you can't do .01 lot?

Ratios & Harmonics: a Different Way to Trade

Mr Pip I have a question on price action. In the screenshot I've attached you see a nice burst of momentum which I put a cyan line next to. However then you see that the move was retraced back almost 100% however did not close beneath the start of ...

Ratios & Harmonics: a Different Way to Trade

Yes it does make sense. I was asking because it appears most people trading the YM are using the 233tick chart and it looks like they are taking the same setups, so I thought it wouldn't be a bad sample group to get a ballpark figure from. If ...

Ratios & Harmonics: a Different Way to Trade

Essentially my plan was to ride the short term orderflow up into the 61.8-78.6 zone and then look for a short there. I am a really big fan of that zone and am thinking of limiting my trades strictly to that area as it allows you to keep a tight stop ...

Ratios & Harmonics: a Different Way to Trade

For those of you who trade the YM regularly, what would you say is your average drawdown in ticks?

Ratios & Harmonics: a Different Way to Trade

Took a SPY option trade today however I got out early with a small profit due to not liking the price action. Reasons I took trade: - NSH - Pullback to 61.8 - Very slow descent by bears to the 61.8 - Bull momentum on the prior upswing Entry is in ...

Ratios & Harmonics: a Different Way to Trade

I trade SPY options and usually take triggers off the /ES however decided taking them off SPY would probably be better as I try and learn from this thread. That said, I could have shown the overnight session however it is very thin and I don't think ...

Ratios & Harmonics: a Different Way to Trade

Today was a 'sit on hands' day for me. I was confused with the price action and just felt best not to enter the market. - Price tested swing low (yellow dashed line) however did not close beneath it. While this doesn't count as a NSL I thought that ...

Ratios & Harmonics: a Different Way to Trade

Perhaps the wording in my post was misleading, I absolutely believe in the power of fibs. I've been using them for years and have seen way too many instances where price comes and tests fibs to the penny. So I do not doubt them at all. Posting that ...

Ratios & Harmonics: a Different Way to Trade

This link is where I got the info. url He may go more in depth in his books however I have not read them. The info I'm referring to is located in the table half way down the page, I'll add a screenshot of the table. Towards the top he states, "New ...

Ratios & Harmonics: a Different Way to Trade

Mr Pip - Just saw in your profile that you also trade/traded options. What sort of stop placement / risk control did you employ when you were trading them?

Ratios & Harmonics: a Different Way to Trade

Regarding the tighter stops, this is something that I've been more curious on. I read on Bulkowski's site that his research led him to believe that 80% of pullbacks retrace less than 75% of the AB leg, making the 78.6 (or just past) a great area to ...

Ratios & Harmonics: a Different Way to Trade