This week was disaster for me, I loss all profits of this month within 3 days. I guess I need therapy from Mr. Pip's new live streaming.
If you fail to plan, you plan to fail.
Ratios & Harmonics: a Different Way to Trade
- #31,021
- Aug 18, 2017 6:25am Aug 18, 2017 6:25am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
- #31,024
- Aug 18, 2017 7:00am Aug 18, 2017 7:00am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
{quote} great news
If you fail to plan, you plan to fail.
- #31,028
- Aug 18, 2017 7:34am Aug 18, 2017 7:34am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #31,031
- Aug 18, 2017 7:56am Aug 18, 2017 7:56am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #31,032
- Aug 18, 2017 8:08am Aug 18, 2017 8:08am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #31,035
- Aug 18, 2017 8:21am Aug 18, 2017 8:21am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #31,039
- Edited Aug 20, 2017 7:16am Aug 19, 2017 5:27pm | Edited Aug 20, 2017 7:16am
Hi to everyone in the thread, I don't normally go out of my way to join or post in forums but felt i had too here.
I was in the process of reading Larry Pesavento's trade what you see and the harmonic trader by Scott carney and was looking for extra instruction and direction on harmonics when i stumbled upon Mr pips thread and all i can say is wow, and i'm so grateful for the time and effort that Damian has put into the information here it has changed my whole view and understanding of markets.
I'm somewhat behind where most of you are currently upto but am working through everything from the beginning so may not make many posts in the near future (hey theres a lot of info in here to read) lol but had to say thank you to everyone who posts their charts, right or wrong they have all help me with my mistakes and also not feeling like it was only me who didn't get it right straight away. The work people have put in here to improve themselves is outstanding and can hopefully one day help others to do the same.
Finally a massive thank you to Damian, this thread is a credit to you and the reason i joined the forum to say thanks instead of just hit and run, the time,effort and dedication you have put into this thread along with the patience and attention to the people learning is nothing short of brilliance and you should be proud of what you have created when people are charging money for garbage courses, it should be the first place forex factory sends new trader. keep up the good work
I was in the process of reading Larry Pesavento's trade what you see and the harmonic trader by Scott carney and was looking for extra instruction and direction on harmonics when i stumbled upon Mr pips thread and all i can say is wow, and i'm so grateful for the time and effort that Damian has put into the information here it has changed my whole view and understanding of markets.
I'm somewhat behind where most of you are currently upto but am working through everything from the beginning so may not make many posts in the near future (hey theres a lot of info in here to read) lol but had to say thank you to everyone who posts their charts, right or wrong they have all help me with my mistakes and also not feeling like it was only me who didn't get it right straight away. The work people have put in here to improve themselves is outstanding and can hopefully one day help others to do the same.
Finally a massive thank you to Damian, this thread is a credit to you and the reason i joined the forum to say thanks instead of just hit and run, the time,effort and dedication you have put into this thread along with the patience and attention to the people learning is nothing short of brilliance and you should be proud of what you have created when people are charging money for garbage courses, it should be the first place forex factory sends new trader. keep up the good work
- #31,040
- Aug 20, 2017 4:26pm Aug 20, 2017 4:26pm
{quote} The importance is always placed on the order flow you have decided to trade. This is where you develop your trade and expectation as well as targets. We use the short term order flow to confirm strength and weakness. These are the questions the shorter term order flow must answer and the respective action you could take. Is the shorter term order flow to my trade strengthening? Yes, All is good continue to expectation, no, consider getting out at structure or lock in profit since the trade is breaking down. I hope my explanation makes sense...
Thanks a lot Mr Pip, for the reply.
For instance in the attached chart, the long term order flow is to get a new structure low. However, price was rejected twice at the bottom and bulls came in pretty sharp and made a NSH in the short term. So, there seems to be a conflict between longer term and short term order flow....what should we do in this situation (apart fro sitting out-can we go long?).
Looking forward to 30th.
Thanks