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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

  • #29,901
  • Jul 6, 2017 9:16am Jul 6, 2017 9:16am
Took a short but got taken out as I locked in some profit at 11 points. Looking for another short but with caution the bulls are really trying to put a stop to the bears.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_06.png Size: 48 KB
If you fail to plan, you plan to fail.
  • #29,902
  • Jul 6, 2017 9:18am Jul 6, 2017 9:18am
just noticed i had my target lower than it should have been not sure what happened there should have been a plus 25 trade
  • #29,903
  • Jul 6, 2017 9:18am Jul 6, 2017 9:18am
Quoting KensTrader
{quote} i brought my stop loss closer because of fear for news.... What keeps me smiling is that we had read it right..... more news coming in.... We were able to identify weakness.... and that is power
Fear needs to be removed from the decision making. Stops are moved only when a condition has been met. It's ok to lock in profit prior to news but only if price shows a struggle to move in favor.
If you fail to plan, you plan to fail.
  • #29,904
  • Jul 6, 2017 9:23am Jul 6, 2017 9:23am
Quoting johny8984
just noticed i had my target lower than it should have been not sure what happened there should have been a plus 25 trade
There are no should haves. You are a professional Trade what you see have your expectation and don't dwell on what should have been or what was left on the table. Don't take shit from the market.

Go an crush your next trade!
If you fail to plan, you plan to fail.
  • #29,905
  • Jul 6, 2017 9:25am Jul 6, 2017 9:25am
Quoting Mr. Pip
{quote} There are no should haves. You are a professional Trade what you see have your expectation and don't dwell on what should have been or what was left on the table. Don't take shit from the market. Go an crush your next trade!
Always have a fantastic feeling when Mr Pip is in the room!
  • #29,906
  • Jul 6, 2017 9:25am Jul 6, 2017 9:25am
Let's be decisive traders! The market does not control us and emotions are for the loser. You have to take what you want from market, it will not give it voluntarily.
If you fail to plan, you plan to fail.
  • #29,907
  • Jul 6, 2017 9:26am Jul 6, 2017 9:26am
Quoting Milfortra
{quote} Always have a fantastic feeling when Mr Pip is in the room!
Thank you!
If you fail to plan, you plan to fail.
  • #29,908
  • Jul 6, 2017 9:27am Jul 6, 2017 9:27am
Quoting Mr. Pip
{quote} There are no should haves. You are a professional Trade what you see have your expectation and don't dwell on what should have been or what was left on the table. Don't take shit from the market. Go an crush your next trade!
my mistake was my harmonic projection must have been drawn incorrectly the first time when i placed my target so it came back against me rather than hit target

one positive i have is that i have decided to record all my trading so i can go back later and look for my mistake to help eliminate it from future trades

but im still positive about it all so onto the next one
  • #29,909
  • Jul 6, 2017 9:28am Jul 6, 2017 9:28am
Tempted for that short but not too sure about the strength of the bears at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_06.png Size: 49 KB
If you fail to plan, you plan to fail.
  • #29,910
  • Jul 6, 2017 9:29am Jul 6, 2017 9:29am
Quoting johny8984
{quote} my mistake was my harmonic projection must have been drawn incorrectly the first time when i placed my target so it came back against me rather than hit target one positive i have is that i have decided to record all my trading so i can go back later and look for my mistake to help eliminate it from future trades but im still positive about it all so onto the next one
If you fail to plan, you plan to fail.
  • #29,911
  • Jul 6, 2017 9:30am Jul 6, 2017 9:30am
YM +20

Quick 20 in direction of larger 1:1.

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Click to Enlarge Name: Screenshot2.png Size: 106 KB
  • #29,912
  • Jul 6, 2017 9:31am Jul 6, 2017 9:31am
Quoting Mr. Pip
Tempted for that short but not too sure about the strength of the bears at the moment. {image}
Don't like how it took out the swing high at 314 though.

Think if it holds 294-304 then we see higher.

Glad to see you back posting
  • #29,913
  • Jul 6, 2017 9:32am Jul 6, 2017 9:32am
Quoting Mr. Pip
Tempted for that short but not too sure about the strength of the bears at the moment. {image}
Oops I took it..
  • #29,914
  • Jul 6, 2017 9:32am Jul 6, 2017 9:32am
This area may find some support. If it does I am looking at how the bulls defend to consider a short near the top.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_06.png Size: 43 KB
If you fail to plan, you plan to fail.
  • #29,915
  • Jul 6, 2017 9:33am Jul 6, 2017 9:33am
Quoting jmezz
{quote} Don't like how it took out the swing high at 314 though. Think if it holds 294-304 then we see higher. Glad to see you back posting
Agree brother thanks. Good to be back.
If you fail to plan, you plan to fail.
  • #29,916
  • Jul 6, 2017 9:37am Jul 6, 2017 9:37am
Quoting PeterT
{quote} Oops I took it..
Closed at BE under influence of more professional insights..
Will wait for a better opportunity..
  • #29,917
  • Jul 6, 2017 9:40am Jul 6, 2017 9:40am
Quoting PeterT
{quote} Closed at BE under influence of more professional insights.. Will wait for a better opportunity..
Good work Bears seem to be full of crap right now.
If you fail to plan, you plan to fail.
  • #29,918
  • Jul 6, 2017 9:40am Jul 6, 2017 9:40am
Quoting Mr. Pip
This area may find some support. If it does I am looking at how the bulls defend to consider a short near the top. {image}
Shorted with tight stop. Expectation is for the medium order flow is for a NSL. Immediate order flow made a NSH. Did not like price lingering at my AOI. Decided to manually close, close to BE.
+2 PIPs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_06 10.36pm.png Size: 91 KB
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_06 10.40pm.png Size: 97 KB
  • #29,919
  • Jul 6, 2017 9:42am Jul 6, 2017 9:42am
I envy the guys who got out at BE.
  • #29,920
  • Jul 6, 2017 9:42am Jul 6, 2017 9:42am
Quoting Milfortra
{quote} Shorted with tight stop. Expectation is for the medium order flow is for a NSL. Immediate order flow made a NSH. Did not like price lingering at my AOI. Decided to manually close, close to BE. +2 PIPs {image} {image}

I tend to be trading more on the medium to long term order flow but the immediate order flow seems to be giving out free PIPs more often. Need to be more situationally aware.
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