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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

  • #30,621
  • Jul 26, 2017 6:21am Jul 26, 2017 6:21am
Quoting PeterT
{quote} Thanks ckh626 very interesting. And very worrying. Who can be prepared for a 1500 point move? What happens if the loss extends beyond your account size? Are there brokers that take the loss on themselves then? Is there some kind of insurance available to protect a trader from this?
a 1500 point move is only catastrophically big if you're over-leveraged in comparison to your emergency fund.
  • #30,622
  • Jul 26, 2017 6:23am Jul 26, 2017 6:23am
Quoting vqtrader
took a hit today. To a tiny account like mine this is pretty massive 9 ticks away from my target 2 of 21649. Take care. I care more about end of month results hope all is well {image}
First off, much appreciation for posting this. A lot of traders would refrain from posting such a loss on a public forum.

Would you care to explain the thought process behind the trade?

You entered on a breakout and the majority of the time, price will come back and test that breakout. Even though I know breakouts aren't a good trade overall, there's been times I've taken them when I see a good opportunity, so I get that.

What I don't understand is your exit. At the very least, you should have been out of this trade when price came down and took out the swing low that produced the leg you traded.

Were you trading a different plan?
  • #30,623
  • Jul 26, 2017 6:28am Jul 26, 2017 6:28am
Quoting jmezz
I've gotten a few messages asking about how I use prior levels to take entries or to wait and see if price holds / fades from in order to stay in trades. I'll include a few images I have saved. I don't think this takes away from Damian's principles, in fact I think it can help strengthen analysis as it lends stronger areas to take trades. Also, it's very possible that everyone already does this and I'm just late to the party. {image} {image} {image} Should be pretty self-explanatory however I'm basically keeping eyes on all prior breakout / breakdown...

jmezz, sorry for the late answer ... here is the images you posted, that we talked in Mr. PIP's livestream ( to see the images, just click on the quote link to go to the quoted post )
  • #30,624
  • Jul 26, 2017 6:38am Jul 26, 2017 6:38am
went long with tight SL.
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  • #30,625
  • Jul 26, 2017 6:52am Jul 26, 2017 6:52am
move to BE+2
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  • #30,626
  • Jul 26, 2017 6:52am Jul 26, 2017 6:52am
looking for long around 21665
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  • #30,627
  • Jul 26, 2017 7:00am Jul 26, 2017 7:00am
GM Traders, Hope everyone is well today. Let's see what we can get from the market today.
If you fail to plan, you plan to fail.
  • #30,628
  • Jul 26, 2017 7:02am Jul 26, 2017 7:02am
Quoting civo
looking for long around 21665 {image}
I have an interest between 661 and 665 myself
If you fail to plan, you plan to fail.
  • #30,629
  • Jul 26, 2017 7:04am Jul 26, 2017 7:04am
Good morning Mr. Pip
  • #30,630
  • Jul 26, 2017 7:06am Jul 26, 2017 7:06am
Quoting Mr. Pip
GM Traders, Hope everyone is well today. Let's see what we can get from the market today.
Good afternoon
  • #30,631
  • Jul 26, 2017 7:07am Jul 26, 2017 7:07am
exit at BE+1
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  • #30,632
  • Jul 26, 2017 7:08am Jul 26, 2017 7:08am
Quoting Victor_Lin
exit at BE+1 {image}
did it slip? you were at +2 right? that was a lot of selling pressure.
  • #30,633
  • Jul 26, 2017 7:10am Jul 26, 2017 7:10am
Good morning and afternoon to all.

I had set a buy limit in at 661 because I had to go do something and I got filled but CRAP in a way I did not like to get filled. Things look better now.
If you fail to plan, you plan to fail.
  • #30,634
  • Jul 26, 2017 7:11am Jul 26, 2017 7:11am
Quoting ckh626
{quote} did it slip? you were at +2 right? that was a lot of selling pressure.
actually no slippage, I have 3 contracts which exited at 566 for 1 and 567 for 2.
  • #30,635
  • Jul 26, 2017 7:13am Jul 26, 2017 7:13am
Break even achieved that was hairy up 16 at the moment
If you fail to plan, you plan to fail.
  • #30,636
  • Jul 26, 2017 7:15am Jul 26, 2017 7:15am
Locked in at the last decision candle at 74 since harmonically we are at exhaustion.
If you fail to plan, you plan to fail.
  • #30,637
  • Jul 26, 2017 7:19am Jul 26, 2017 7:19am
+21 points
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If you fail to plan, you plan to fail.
  • #30,638
  • Jul 26, 2017 7:23am Jul 26, 2017 7:23am
Quoting Mr. Pip
+21 points {image}
Nice
  • #30,639
  • Jul 26, 2017 7:27am Jul 26, 2017 7:27am
Quoting Mr. Pip
+21 points {image}
Great
  • #30,640
  • Jul 26, 2017 7:29am Jul 26, 2017 7:29am
Quoting civo
{quote} Great
Thanks it was ugly for awhile. but if your stop is in the right place and the order flow is established the probabilities are on your side. Today expectations are at 100%
If you fail to plan, you plan to fail.
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