Disliked{quote} Thank you Mr. Pip. I always look for a footprint to determine my area of interest.Ignored
If you fail to plan, you plan to fail.
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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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Disliked{quote} Thank you Mr. Pip. I always look for a footprint to determine my area of interest.Ignored
DislikedThis is what bothers me most and I get this a lot. A great trade that turns out to be a break-even. It is painful to give all those points back to the market. {image}Ignored
Disliked{quote} What a legend you are man! Thank you for keeping this thread alive all these years. You helped me grow as a trader without knowing it.Ignored
Disliked{quote} It is the weekend.. So, a little bit more time to breathe. All I gotta say is .. Wow. You are the first person in my long life to ever say that to me. That makes me happy.Ignored
Disliked{quote} Sometimes there isn't much and sometimes its very obvious. The expectation of a lower high is what we aim to capture you can sometime within the short term order flow where they came in and then were handled. In the absence of that foot print, there lies the clue. {image}Ignored
Disliked{quote} This is a tough topic because there is usually a lot of emotion behind it. Like mentioned, in time you will develop or adopt rules that can help you capture your goals. I can tell you from my perspective, I never enter a trade with a point goal. The points come from proper if then rules implementation. If I end up with a stop out or a breakeven or 100, 200 points its always next. The goal is the capture the frequency to get to the expectancy. We get a NSH or NSL a lot more than we do not. The market also always needs room as price does not...Ignored
Disliked{quote} Thanks Damian! I am speechless and happy. In the last couple of weeks, I have started researching two new possible price action behaviors. So, if the behavior is consistent and can become a helpful rule, I will post it. It is based on my V and inverted V that I started researching just over 2 years ago, to fine tune my entries. I did post it here somewhere in this thread. It was so long ago, it has probably become a fossil. lolIgnored
Disliked{quote} Great post! You're right about the emotions. I have been stringing many losses the last few days and it is not always easy to stay focused on the plan when that happens. Thank you Damien.Ignored
DislikedThis is what bothers me most and I get this a lot. A great trade that turns out to be a break-even. It is painful to give all those points back to the market. {image}Ignored
Disliked{quote} This is a tough topic because there is usually a lot of emotion behind it. Like mentioned, in time you will develop or adopt rules that can help you capture your goals. I can tell you from my perspective, I never enter a trade with a point goal. The points come from proper if then rules implementation. If I end up with a stop out or a breakeven or 100, 200 points its always next. The goal is the capture the frequency to get to the expectancy. We get a NSH or NSL a lot more than we do not. The market also always needs room as price does not...Ignored
Disliked{quote} {quote} This is so true. I have gone through the stage of trying to TS captured pips but it has affected my over all performance dramatically. I am currently running at a 58% win rate. It is low compared to what Mr Pip has demonstrated but I am happy and I am slowly improving and increasing it. Most of my trades reach almost (but not quite) 2:1 R:R ratio. On my spreadsheet I leave out trades within 5 pips calling them B/E (almost all are winners excepting almost all that have slipped) I think it is about 33% of my trades I need to win to...Ignored
Disliked{quote} {quote} This is so true. I have gone through the stage of trying to TS captured pips but it has affected my over all performance dramatically. I am currently running at a 58% win rate. It is low compared to what Mr Pip has demonstrated but I am happy and I am slowly improving and increasing it. Most of my trades reach almost (but not quite) 2:1 R:R ratio. On my spreadsheet I leave out trades within 5 pips calling them B/E (almost all are winners excepting almost all that have slipped) I think it is about 33% of my trades I need to win to...Ignored
DislikedGood morning from South Africa guys. I would like your opinion on something. Say on a strong market, price makes a shallow correction to the 38.2% fib level and rotates there. Do you take the trade or do you wait for a slightly deeper correction? The reason I ask this is that the initial risk is quite high because the stop has to go below / above the main swing you are trading. The second thing I would like your opinion on is that if you are expecting a NSL on the shorter term order flow and that expectation fails to take you deeper into a main...Ignored
DislikedTodays chart. Will be looking to short in blue square-AOI if we get there. Small rectangle is just an example of a Rotation Candle Sequence- going to just call RCS from now on. {image}Ignored