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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

  • #31,241
  • Aug 29, 2017 3:05am Aug 29, 2017 3:05am
Reasons for Short:
- Expectation was NSL
- Price came to the Demand Zone
- We had structure on the left
- 50.0 fib Retrace. Extension: 261.8
- Weakness of bulls (momentum) heading up
Was comfortable with the risk by reducing the position size
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  • #31,242
  • Aug 29, 2017 3:32am Aug 29, 2017 3:32am
Quoting RajD
USDJPY Analysis Intraday: NSL - Market made a huge move yesterday (close to a 100 pip move) Expectation: Although it’s a NSL, will expect the bulls to correct the price deep enough for a good RR for the short Long term: NSL - Market is in confluence with intraday Expectation: Would like the intraday to play out {image}
USDJPY Update

- Market retesting the lows and might make a weak NSL.
- Weak NSL will lead to a deep correction
  • #31,243
  • Aug 29, 2017 9:12am Aug 29, 2017 9:12am
Hello Traders, remember the live stream tomorrow. Huge drop overnight too bad I got taken out at +50 yesterday. Short again from 52
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If you fail to plan, you plan to fail.
  • #31,244
  • Aug 29, 2017 9:13am Aug 29, 2017 9:13am
There is a question or two in the thread directly to my I will answer it later on.
If you fail to plan, you plan to fail.
  • #31,245
  • Aug 29, 2017 9:39am Aug 29, 2017 9:39am
Not much dialog here. Bulls were really trying to recover my trade is now -13 which is fine for the moment. I would like to see the round number hold -19 now
If you fail to plan, you plan to fail.
  • #31,246
  • Aug 29, 2017 9:40am Aug 29, 2017 9:40am
Hi Mr. Pip and all,
I've recently started studying to be a successful trader. I've read about half of this thread (started in 2012!). Thanks Mr. Pip for this great knowledge that you provide freely. I'm in the midst of starting to apply some of this information from book knowledge to practical on very small trades. I look forward to being more involved in discussion as I catch up on what is in this thread.
  • #31,247
  • Aug 29, 2017 9:43am Aug 29, 2017 9:43am
Quoting Mr. Pip
Not much dialog here. Bulls were really trying to recover my trade is now -13 which is fine for the moment. I would like to see the round number hold -19 now
Wanted to long on the immediate order flow but PA did not retrace deep enough for an entry. Was initially looking to short on the last short term order flow which created a NSL but the bulls showed who was boss and formed a NSH.
  • #31,248
  • Aug 29, 2017 9:43am Aug 29, 2017 9:43am
Quoting Mr. Pip
Not much dialog here. Bulls were really trying to recover my trade is now -13 which is fine for the moment. I would like to see the round number hold -19 now
I got my points for today. I expect price to go higher, so I cannot short right now.
  • #31,249
  • Aug 29, 2017 9:47am Aug 29, 2017 9:47am
Quoting evocpr19
{quote} I got my points for today. I expect price to go higher, so I cannot short right now.
Yup. Projection looks very good for the bulls on the immediate order flow with very shallow depth. The bulls don't look like they are done yet.
  • #31,250
  • Aug 29, 2017 9:48am Aug 29, 2017 9:48am
Quoting Mr. Pip
Not much dialog here. Bulls were really trying to recover my trade is now -13 which is fine for the moment. I would like to see the round number hold -19 now
Some of us are chatting on the Discord chat room. please please please also join
  • #31,251
  • Aug 29, 2017 9:51am Aug 29, 2017 9:51am
Quoting pereiraalex
{quote} Some of us are chatting on the Discord chat room. please please please also join
And a few are chatting on both on Discord and here.....
  • #31,252
  • Aug 29, 2017 9:52am Aug 29, 2017 9:52am
Mr. Pip: Are you going to start a rescue mission?
  • #31,253
  • Aug 29, 2017 9:52am Aug 29, 2017 9:52am
Quoting Milfortra
{quote} Wanted to long on the immediate order flow but PA did not retrace deep enough for an entry. Was initially looking to short on the last short term order flow which created a NSL but the bulls showed who was boss and formed a NSH.
I know complicated price action on the short term. Expectation on the short term is a NSH so should be looking for longs let's see if the sellers turn it on at the round number. There is really good structure here so longs are dangerous as well.
If you fail to plan, you plan to fail.
  • #31,254
  • Aug 29, 2017 9:53am Aug 29, 2017 9:53am
Quoting pereiraalex
{quote} Some of us are chatting on the Discord chat room. please please please also join
I found it way to distracting for my liking. Sorry
If you fail to plan, you plan to fail.
  • #31,255
  • Aug 29, 2017 9:54am Aug 29, 2017 9:54am
Quoting evocpr19
Mr. Pip: Are you going to start a rescue mission?
Nope not yet. I'll let you know.
If you fail to plan, you plan to fail.
  • #31,256
  • Aug 29, 2017 9:54am Aug 29, 2017 9:54am
Quoting Mr. Pip
{quote} I know complicated price action on the short term. Expectation on the short term is a NSH so should be looking for longs let's see if the sellers turn it on at the round number. There is really good structure here so longs are dangerous as well.
I am anticipating a small projection now with deep correction and followed by a NSL on the immediate order flow.

Bears should be defending this area now.
  • #31,257
  • Aug 29, 2017 9:56am Aug 29, 2017 9:56am
good morning MR pip, for what ever reason I can't pull the trigger. I went from an over trader, now that I have idea whats going
i can seem to place a trade.
  • #31,258
  • Aug 29, 2017 9:59am Aug 29, 2017 9:59am
Quoting dogdays713
good morning MR pip, for what ever reason I can't pull the trigger. I went from an over trader, now that I have idea whats going i can seem to place a trade.
Join us tomorrow I will talk about analysis paralysis
If you fail to plan, you plan to fail.
  • #31,259
  • Aug 29, 2017 10:01am Aug 29, 2017 10:01am
Quoting dogdays713
good morning MR pip, for what ever reason I can't pull the trigger. I went from an over trader, now that I have idea whats going i can seem to place a trade.
Maybe because you want to find the perfect entry (I do not know how you trade and I am not Mr. Pip), which is hard to find => Fear that price goes against you.
  • #31,260
  • Aug 29, 2017 10:02am Aug 29, 2017 10:02am
Quoting Mr. Pip
{quote} Join us tomorrow I will talk about analysis paralysis
I will be there 9am est on youtube right?
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