This a personal journal and journey to accountability and profitability. The goal is to trade live with my trade plan until December 31, 2017, to focus on consistency and only focus on one way of trading. I have been at this for 12+ years and I trade 5 am-7:30 am and 6-9pm EST using E-mini Dow (YM) and MYM. My goal is to trade 9:33 am-12:00 EST I am a purest and only want people to post, view, and comment in reference to this instrument only. What will be journaled and explained is from my mentor Damien "Mr. PIP" in his thread Ratios & Harmonics: A Different Way to Trade".https://www.forexfactory.com/showthread.php?t=402253
I have a goal of being a mini-me. Been and still am an active part of his thread, everyone's style of trading is different so it makes it difficult to grow with them when everyone has different ways of arriving at a profit. My overall goal is to arrive at profit exactly the way he does; with clean charts with two indicators. If you see them they will be the fib ratio and RSS oscillator), current/prior day market open line, fibs, and fib ext. I mainly look for price action, bar-by-bar, ratios, confluence, structure, order flow, projection, depth harmonics, and momentum. I suggest going there first to learn the basics as to how I arrived at my trading decision and conclusion. I have been with his thread since it opened in 2012. His thread is very well informed, but it will take complete dedication to learn but it can be achieved. I am in the psychological refining stage.
I will base my trading decision on Intraday Structure but execute trades on short-term structure and order flow. I call it S.O.R.E Trend setup" The bread and butter Trade"(Structure, Orderflow, Re-alignment, Entry). All Mr. PIP setup is based on understanding and applying strengths and weaknesses. I have chosen to break my learning and success into strength and once I am profitable with the strength I will refocus my efforts to learn, develop, and use the tools to analyze weaknesses to capture further profit. I have much respect for him and he is a good guy. He wants nothing but for traders to be successful. Once I am there I plan to pay it forward and teach kids what I do.
Trades will not happen every day. If my set up happens during my trade time then I will trade it. I will do this by picture and/or video.
1.Strength Trade
Trade Setup #1(Approved)
I have a goal of being a mini-me. Been and still am an active part of his thread, everyone's style of trading is different so it makes it difficult to grow with them when everyone has different ways of arriving at a profit. My overall goal is to arrive at profit exactly the way he does; with clean charts with two indicators. If you see them they will be the fib ratio and RSS oscillator), current/prior day market open line, fibs, and fib ext. I mainly look for price action, bar-by-bar, ratios, confluence, structure, order flow, projection, depth harmonics, and momentum. I suggest going there first to learn the basics as to how I arrived at my trading decision and conclusion. I have been with his thread since it opened in 2012. His thread is very well informed, but it will take complete dedication to learn but it can be achieved. I am in the psychological refining stage.
I will base my trading decision on Intraday Structure but execute trades on short-term structure and order flow. I call it S.O.R.E Trend setup" The bread and butter Trade"(Structure, Orderflow, Re-alignment, Entry). All Mr. PIP setup is based on understanding and applying strengths and weaknesses. I have chosen to break my learning and success into strength and once I am profitable with the strength I will refocus my efforts to learn, develop, and use the tools to analyze weaknesses to capture further profit. I have much respect for him and he is a good guy. He wants nothing but for traders to be successful. Once I am there I plan to pay it forward and teach kids what I do.
Trades will not happen every day. If my set up happens during my trade time then I will trade it. I will do this by picture and/or video.
1.Strength Trade
Trade Setup #1(Approved)
- S.O..R.E Trade(Strength trade)
Trend Analysis: Both must agree
How do I trade? ABCD of Intraday
- Break of structure
- Correction to Fib 60-70% and the oscillator is at an extreme.
- Wait for Rotation
- Enter +2 ticks above or below the price.
- Profit at 12-21% fib zone of price.
- Use a 3 candle trail if the price is strong and 1 candle trail if weak/range
Goal: 40 Ticks per week
Attached Image
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