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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

  • #29,841
  • Jul 5, 2017 8:43am Jul 5, 2017 8:43am
Quoting Milfortra
{quote} This would be a more accurate answer given by Jmezz earlier when I had the same problem : Post #27,852 (https://www.forexfactory.com/showthread.php?p=9776622#post9776622) Cleanup (http://javascript<b></b>:void(0) Quote (https://www.forexfactory.com/showthread.php?t=402253&reply=1&page=1492&quote=9776622#reply) Apr 20, 2017 9:30am Apr 20, 2017 9:30am {image} jmezz (https://www.forexfactory.com/jmezz) I've posted about this before. Short answer - it's due to the way Ninja timestamps their tick...
Thanks for the info!
  • #29,842
  • Jul 5, 2017 8:45am Jul 5, 2017 8:45am
Quoting johny8984
just scratched my ym trade for -4 points as it didnt seem to be doing much think im gonna call it a day for now then 6j + 1 point less commission = $2.8 or so cl - 43 points less commission approx $-450 ym - 4 points commission included $-23.8 so overall not horrendous it could have been worse but it did take most of what i made last week see how tomorrow goes then
too bad man hope you do better tomorrow!
  • #29,843
  • Jul 5, 2017 8:48am Jul 5, 2017 8:48am
Quoting johny8984
just scratched my ym trade for -4 points as it didnt seem to be doing much think im gonna call it a day for now then 6j + 1 point less commission = $2.8 or so cl - 43 points less commission approx $-450 ym - 4 points commission included $-23.8 so overall not horrendous it could have been worse but it did take most of what i made last week see how tomorrow goes then
Calling it a day too. See you all tmrw and take care.
  • #29,844
  • Jul 5, 2017 8:56am Jul 5, 2017 8:56am
Hello Traders,

Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_05.png Size: 57 KB
If you fail to plan, you plan to fail.
  • #29,845
  • Jul 5, 2017 8:58am Jul 5, 2017 8:58am
Quoting Milfortra
{quote} Calling it a day too. See you all tmrw and take care.
take care man
  • #29,846
  • Jul 5, 2017 9:05am Jul 5, 2017 9:05am
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Welcome back!
Hope you and your family are doing all right!


if you have time, can i ask where did you put your SL on the 2nd trade?
  • #29,847
  • Jul 5, 2017 9:07am Jul 5, 2017 9:07am
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Hey Mr. Pip glad to see you're ok or at least still alive
  • #29,848
  • Jul 5, 2017 9:40am Jul 5, 2017 9:40am
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Nice to see you again.
  • #29,849
  • Jul 5, 2017 9:46am Jul 5, 2017 9:46am
Pretty bad day for me today as well, didn't know trading on live account can make a person lose his mind so easily, thought i could handle it but i guess i was wrong. Almost did not want to make my post here today but since i decided to make here a place to keep track of my performance i had to do so.

NQ: Expectation: NSH / Result -163 pips: i really have no idea why did i even enter those trades after the first 1 - Really shouldn't do it again.

Does anyone here have suggestions on how do you regain your composure after making your first loss?
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (377 Tick) 2017_07_05.png Size: 148 KB
  • #29,850
  • Jul 5, 2017 10:04am Jul 5, 2017 10:04am
Quoting PeterT
-22 pips on trading a potential correction +6 trading short term OF +0 trading short term OF but OF change was about to come so exited +13 trading up move. Entered at structure. Bull move was strong so felt confident about shallow correction entry. Trailed at structure so stopped out. Too bad I have to leave now I feel like I could make up the loss today :-) Good luck to those still hunting. Maybe see you in a couple of hours grtz {image}
Unfortunately I was impatient and took a very very bad entry short.
Price made a short term NSL and I didn't think the bulls would have the juice to come up again.
So I entered after I saw rejection of the candle at the structure that had just been broken.

Mistake: impatience and fear of missing out big move downwards
Cost: -25 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
  • #29,851
  • Jul 5, 2017 10:16am Jul 5, 2017 10:16am
Quoting Aluunatic
Pretty bad day for me today as well, didn't know trading on live account can make a person lose his mind so easily, thought i could handle it but i guess i was wrong. Almost did not want to make my post here today but since i decided to make here a place to keep track of my performance i had to do so. NQ: Expectation: NSH / Result -163 pips: i really have no idea why did i even enter those trades after the first 1 - Really shouldn't do it again. Does anyone here have suggestions on how do you regain your composure after...
Watch those videos, take a walk after... Sleep... Tomorrow - Start by reviewing where u went wrong.....
https://www.youtube.com/watch?v=ws28EJkNyqw
And
https://www.youtube.com/watch?v=MwKYjZ_8EcE
  • #29,852
  • Jul 5, 2017 10:23am Jul 5, 2017 10:23am
Quoting Aluunatic
Pretty bad day for me today as well, didn't know trading on live account can make a person lose his mind so easily, thought i could handle it but i guess i was wrong. Almost did not want to make my post here today but since i decided to make here a place to keep track of my performance i had to do so. NQ: Expectation: NSH / Result -163 pips: i really have no idea why did i even enter those trades after the first 1 - Really shouldn't do it again. Does anyone here have suggestions on how do you regain your composure after...
Very sorry to hear about your losses.
First thing you need to do is stop trading and not try to make up for your losses immediately.
You need to review your trades and identify the mistakes you made (technically and emotionally).
Do not trade again until you identified your mistakes.
And if you start trading again, make sure you don't make the same mistakes again.
  • #29,853
  • Jul 5, 2017 10:24am Jul 5, 2017 10:24am
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Damian were you focusing solely on the immediate orderflow because your first entry was against the long term orderflow and right where the bulls were expected to defend?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB


No trades for me today.
  • #29,854
  • Jul 5, 2017 12:06pm Jul 5, 2017 12:06pm
Quoting civo
{quote} Welcome back! Hope you and your family are doing all right! if you have time, can i ask where did you put your SL on the 2nd trade?
Stop below the swing in this case it was 20 points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_05.png Size: 61 KB
If you fail to plan, you plan to fail.
  • #29,855
  • Jul 5, 2017 12:08pm Jul 5, 2017 12:08pm
Quoting Aluunatic
Pretty bad day for me today as well, didn't know trading on live account can make a person lose his mind so easily, thought i could handle it but i guess i was wrong. Almost did not want to make my post here today but since i decided to make here a place to keep track of my performance i had to do so. NQ: Expectation: NSH / Result -163 pips: i really have no idea why did i even enter those trades after the first 1 - Really shouldn't do it again. Does anyone here have suggestions on how do you regain your composure after...
The order flow is your road map. Have an expectation and execute. Clean it up and when you feel like you are going rogue walk away.
If you fail to plan, you plan to fail.
  • #29,856
  • Jul 5, 2017 12:11pm Jul 5, 2017 12:11pm
Quoting KensTrader
{quote} Watch those videos, take a walk after... Sleep... Tomorrow - Start by reviewing where u went wrong..... https://www.youtube.com/watch?v=ws28EJkNyqw And https://www.youtube.com/watch?v=MwKYjZ_8EcE
Love the videos!!
If you fail to plan, you plan to fail.
  • #29,857
  • Jul 5, 2017 12:13pm Jul 5, 2017 12:13pm
Quoting x3m-PippiN
{quote} Damian were you focusing solely on the immediate orderflow because your first entry was against the long term orderflow and right where the bulls were expected to defend? {image} No trades for me today.
Yes, the intraday order flow.
If you fail to plan, you plan to fail.
  • #29,858
  • Jul 5, 2017 1:00pm Jul 5, 2017 1:00pm
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Good to see you posting again mr pip .... This thread is about to get even better with you back around
  • #29,859
  • Jul 5, 2017 5:23pm Jul 5, 2017 5:23pm
Quoting Mr. Pip
Hello Traders, Here are my trades for today, I've been busy with some other things so I had to put the thread on hold. Don't take it personally but I will be slowly making my way back to hang out with you guys. BE day. {image}
Hi Mr Pip. Nice to see you back here again. Excited to hear that you will be slowly finding time to trade with us soon. Take care and God bless.
  • #29,860
  • Jul 5, 2017 5:56pm Jul 5, 2017 5:56pm
Quoting Aluunatic
Pretty bad day for me today as well, didn't know trading on live account can make a person lose his mind so easily, thought i could handle it but i guess i was wrong. Almost did not want to make my post here today but since i decided to make here a place to keep track of my performance i had to do so. NQ: Expectation: NSH / Result -163 pips: i really have no idea why did i even enter those trades after the first 1 - Really shouldn't do it again. Does anyone here have suggestions on how do you regain your composure after...
Sorry to hear about your disastrous session last night. Would be a good idea to put up your targeted Area of Interest here for other members to comment or feedback. You have done well to keep posting your trades here on the thread as it keeps you answerable for the trades you take. I have also benefited from doing so and keeps my discipline in check(most of the time).

You may want to take a step back and review your demo trades. Draw up a new trading plan base on your winning trades from the demo account and trade strictly to this plan. You can also add in a rule whereby you stop trading completely for the day once you hit 2 loses(which will stop you from taking revenge trades or some other emotional trades). I understand that this is easier said than done.

Another exercise which I am doing is looking at screen shots of winning trades(which I keep in a separate folder) and keep reminding myself on what I am looking for, for the next trade. For me, it is now purely the aggressive C entry and finding enough confluence for my AOI.

Just my 2 cents. Hope it helps and ultimately never give up!
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