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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #35,521
  • Jan 16, 2018 7:47am Jan 16, 2018 7:47am
Quoting Mr. Pip
GM Traders, I will be posting the link shortly
this one any good Damian !

https://www.youtube.com/watch?v=jIHN9ZVIzF0
  • #35,522
  • Jan 16, 2018 8:05am Jan 16, 2018 8:05am
Here is the link!

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #35,523
  • Jan 16, 2018 8:20am Jan 16, 2018 8:20am
YM Analysis

Intraday - NSL

- Price made a weak NSH or 100% correction of the main swing. So unreasonable for price to make a NSH
- Good strong candles from the bears. Great momentum while making that correction
- Price at the area where the bulls have defended before
- Will wait to see when the market opens.
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  • #35,524
  • Jan 16, 2018 8:56am Jan 16, 2018 8:56am
Quoting RajD
YM Analysis Intraday - NSL - Price made a weak NSH or 100% correction of the main swing. So unreasonable for price to make a NSH - Good strong candles from the bears. Great momentum while making that correction - Price at the area where the bulls have defended before - Will wait to see when the market opens. {image}
Expectation failure.

Expectation is now a NSH
  • #35,525
  • Jan 16, 2018 9:18am Jan 16, 2018 9:18am
Quoting RajD
{quote} Expectation failure. Expectation is now a NSH
Long
  • #35,526
  • Jan 16, 2018 11:22am Jan 16, 2018 11:22am
Red Day Recap:

7 Trades
3 Losers: -20, -25, -25 <--- probably shouldn't have taken this last trade
3 Winners: +9, +34, +21
1 B/E: +1
-------------------------------
Total: -5

Trailed a bit looser today, gave back a few pts.....
As the great teacher Damian Castilla once said (actually he says it quite a bit) ......"it is what it is....next"
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  • #35,527
  • Jan 16, 2018 11:26am Jan 16, 2018 11:26am
Very informative live stream. Appreciate you pulling up some charts from other instruments with different tick sizes and time frames. Good stuff. Thanks!
  • #35,528
  • Jan 16, 2018 12:27pm Jan 16, 2018 12:27pm
Hello Traders here is the link to the live stream. I hope it holds value to you. Please post and comment, subscribe and like so others find us easier.

https://youtu.be/jIHN9ZVIzF0
If you fail to plan, you plan to fail.
  • #35,529
  • Jan 16, 2018 12:48pm Jan 16, 2018 12:48pm
Quoting Mr. Pip
Hello Traders here is the link to the live stream. I hope it holds value to you. Please post and comment, subscribe and like so others find us easier. https://youtu.be/jIHN9ZVIzF0
Awesome as usual! You are a great coach/mentor.
Wow! I've got some experience to gain.
  • #35,530
  • Jan 16, 2018 1:22pm Jan 16, 2018 1:22pm
Quoting Lawnman
{quote} Awesome as usual! You are a great coach/mentor.
Thank you my friend.
If you fail to plan, you plan to fail.
  • #35,531
  • Jan 16, 2018 1:42pm Jan 16, 2018 1:42pm
Great live stream today, Mr. Pip.

First day ever trading YM live.... +26.

Thanks for everything you do!!

Brent
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  • #35,532
  • Jan 16, 2018 2:24pm Jan 16, 2018 2:24pm
Quoting AzizLight
Great live stream today, Mr. Pip. First day ever trading YM live.... +26. Thanks for everything you do!! Brent {image}
Nice work congrats!
If you fail to plan, you plan to fail.
  • #35,533
  • Jan 16, 2018 2:32pm Jan 16, 2018 2:32pm
Awesome!


https://youtu.be/rBUSsP9rDsw
If you fail to plan, you plan to fail.
  • #35,534
  • Jan 17, 2018 5:29am Jan 17, 2018 5:29am
GBPUSD
Entry on 58 tick chart
Trailed candles on 144 tick chart when reaching 127 ext, to avoid being taken out early when trailing on 58 tick candles.
Was taken out anyway.
+9.5 pips or +21 euro

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  • #35,535
  • Edited 6:03am Jan 17, 2018 5:48am | Edited 6:03am
New entry GBPUSD long
Very brief moment of victory
Followed by a heart attack.
News event, didn't check calendar. Stupid

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EDIT: taken out. -22 euro
Pips go just as fast as they come.
Next.
  • #35,536
  • Jan 17, 2018 6:52am Jan 17, 2018 6:52am
I got my first end of day brokerage statement this morning and had a question or two that you folks can probably answer.

I had 3 single contract trades on YM yesterday and this is a breakdown of my commissions and fees:

Commission: $5.70
Clearing Fee: $6.96
Routing Fee: $0.60
NFA Fee: $0.12
Total: $13.38

The commission is a little off as I bought the brokerage software and should be getting a discount. I fired off an email this morning on that.

For the other fees, I remember Damian mentioning that some fees can be negotiated and I'm wondering which ones might be subject to change by request. Obviously I can't do this until I prove that I'm going to give them consistent business but if this experiment works out in my favor I would like to know where I might be able to cut overhead expenses in the long run.

Thanks!
Brent
  • #35,537
  • Jan 17, 2018 7:43am Jan 17, 2018 7:43am
Quoting bapakjason
Very informative live stream. Appreciate you pulling up some charts from other instruments with different tick sizes and time frames. Good stuff. Thanks!
Indeed to see other instruments as well, really puts a lot of things in perspective. Also with the order flow expecation and failures, what the actual expectation failure rates are and such, really great lesson!
"Luck is when opportunity meets preparation"
  • #35,538
  • Jan 17, 2018 8:56am Jan 17, 2018 8:56am
Already in my 3rd short on the YM this morning. Expectations so far playing out.
  • #35,539
  • Jan 17, 2018 8:59am Jan 17, 2018 8:59am
Quoting AzizLight
I got my first end of day brokerage statement this morning and had a question or two that you folks can probably answer. I had 3 single contract trades on YM yesterday and this is a breakdown of my commissions and fees: Commission: $5.70 Clearing Fee: $6.96 Routing Fee: $0.60 NFA Fee: $0.12 Total: $13.38 The commission is a little off as I bought the brokerage software and should be getting a discount. I fired off an email this morning on that. For the other fees, I remember Damian mentioning that some fees can be negotiated and I'm wondering which...
Hello. The only fee you can negotiate is the commission. The rest are fixed fees. you are paying 4.46 per contract round turn which is a bit high I pay 3.42 per contract round turn.
If you fail to plan, you plan to fail.
  • #35,540
  • Edited 9:19am Jan 17, 2018 9:04am | Edited 9:19am
USDJPY 58 tick chart
A bit risky short.
Expectation NSL although in the longer term expectation was NSH and price already got to the 78.6% of the longer term correction.
Still took it as I had great R:R with an entry from the golden zone. Traded 40K lotsize.

Against the rules, but I started trailing very aggressively when reaching structure. Because there was a lot of buying in the zone and I didn't want to give it all back. I had almost 1:2 R:R so I trailed very closely. In hindsight it seems like a good decision. For THIS trade. I know.. slippery slope.. Will not do it every trade.
EDIT: I forgot, what also made me decide to trail is that a 1:1 harmonic was accomplished.

There was a USD medium impact news event but I stood through it.
I can act all cool about it but I died several times during this trade.
Still work to be done on the emotional part I guess.
But I did not push the button! Although I must admit I touched it several times
I heard Mr. Pip's voice in my head:
"Notice I do not react emotionally. It's a big bull candle yes. Do I like it? No. Do I need to change my game because of it? No."
The videos are paying off
+13 pips or +33 euro
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