Disliked{quote} Update on my short. If / When we pass 25814, then the bears are going really start rock'in out. {image}Ignored
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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
Learning to trade with harmonics 11 replies
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180 reasons to trade Harmonics and Patterns 13 replies
Disliked{quote} Update on my short. If / When we pass 25814, then the bears are going really start rock'in out. {image}Ignored
DislikedLittle by little my box drawing skills are advancing with some solid rules that are not subjective. I got say thanks to Mr. Pip for using this concept in his videos and live streams. {image}Ignored
Disliked{quote} I am only starting to look at it. I just place a small order for DIA at 258.20. All my "money" is in retirement accounts. (I am retired and don't often short vehicles for those accounts. I have only been following Damian since December. Having seen Pair-meup's success with long term charts I am studying them now).Ignored
Disliked{quote} Let go of the fear. Stop using phraseology that is harmful to your analysis and your process. The work reversal is a word you need to eliminate from your vocabulary. Price corrects it never reverses. This is a term used by retail traders and I'm embarrassed to say some market professionals as well but let's call things as they are a correction in price. There is also no such thing as over bought or over sold instead the market is over extended and due to correct. By using realistic and logical terminology we can be in a better trading state....Ignored
Disliked{quote} I see the psychological number 25800 as well. PRZ zones are good for harmonics. The number that I am speculating to be a barrier (25814) is based on a theory that I have been testing recently for fine tuning my price action skills. I could be totally wrong and I can totally see how the 25800 would be a bull strong hold that the bears will have to breach.Ignored
Disliked{quote} A round number of itself is not everything. My thought were is was close to the bottom of the structure in the 240 min chart. I realize PRZ crosses 25900 a gazillion times. The structure range is 150 points so there is plenty of room for sideways action for awhile. As it turned out, PRZ did penetrate 25800 and recovered some. And I did get my $30000 position in DIA from 258.20 and now am up a whopping $40. Here is a one hour chart with what looks like a rotation candle the first time PRZ has dipped below 38.2. So if I am looking for a NSH,...Ignored
Disliked{quote} By the way.. are those bollinger bands I see on your chart?Ignored
Disliked{quote} Yes they were and they don't look like they added anything, do they. I have not been using them in my trading but I did put them on this chart, which I just pulled out of the stock pile. I will remove them. I previously had a systematic trade that had programed to enter when there was a large tail that exceeded 2 sigma of the high or low. It worked until it didn't work.Ignored
Disliked0 for 5 today for -97 pts capping off a crappy week. Thought I took pretty good trades this week too but the market is what it is. Week 5 wins (1 BE), 11 Losses, 31% .74 to 1 ratio Avg winner 13.75 Avg loser 18.55 Total Points -148 February 27 wins (6 BE), 22 losses, 55% 1.35 to 1 ratio Avg Winner 24.95 Avg loser 18.50 Daily Average 8.2 Total Points +123 {image}Ignored