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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

  • #31,281
  • Aug 29, 2017 2:47pm Aug 29, 2017 2:47pm
Quoting Mr. Pip
Hello Traders, remember the live stream tomorrow. Huge drop overnight too bad I got taken out at +50 yesterday. Short again from 52 {image}
Hi Mr Pip,

how did you handle the short trade from today?

Cheers
  • #31,282
  • Aug 29, 2017 4:51pm Aug 29, 2017 4:51pm
Quoting jandarana
{quote} Hi Mr Pip, how did you handle the short trade from today? Cheers
Stopped out, next. Can't win them all.
If you fail to plan, you plan to fail.
  • #31,283
  • Aug 29, 2017 5:15pm Aug 29, 2017 5:15pm
Quoting Mr. Pip
{quote} Stopped out, next. Can't win them all.
Where did you put your sl? With the sl in the image you would have taken a -70 pips trade.

The market was extremly bullish today with nearly no pullback. For me it was hard to find a good place for a sl.

Thanks!
  • #31,284
  • Aug 29, 2017 5:49pm Aug 29, 2017 5:49pm
Quoting jandarana
{quote} Where did you put your sl? With the sl in the image you would have taken a -70 pips trade. The market was extremly bullish today with nearly no pullback. For me it was hard to find a good place for a sl. Thanks!
I adjusted it to -50
If you fail to plan, you plan to fail.
  • #31,285
  • Aug 29, 2017 10:55pm Aug 29, 2017 10:55pm
Quoting Mr. Pip
I hope this is not coming across as showing off I just want to show how this skill set is applied to different types of traders short, intermediate and long term. The P/L is meant for motivation for you to see what a professional achieves and finally if I can do it so can you.
If this is showing off... then keep showing off that your skills work from all the effort that you put into it. I find it inspiring and it helps to keep me motivated in thinking that if you can do it, then I can do it too. Especially, since you are so generous in teaching us with your awesome videos and life streams. You truly are a rare gem in this world, Damian!!
Luck has no place in trading. Leave that for the poker table.
  • #31,286
  • Aug 30, 2017 7:27am Aug 30, 2017 7:27am
Quoting skyline
Hi Damian, I did follow on and off your very interesting thread , now I'm trying to read all of posts in this very long thread and watch your videos. Since I'm a programmer in my daily job I have hard time to full grasp strategy which are not well defined in a mechanical way , i mean your methodology seems very sound and clear but when i try to apply on chart most of the time i'm lost since there's no step rules , it seems to me that there is a lot of discretionality and this of course is hard to replicate. What I mean is if there's a step by step...
Hello Skyline,

I will cover this in the live stream which will start in about 30 min or so. It will be recorded just in case you or others can't make it. The link will be shared here in the thread.
If you fail to plan, you plan to fail.
  • #31,287
  • Aug 30, 2017 7:29am Aug 30, 2017 7:29am
Quoting Pair-me-up
{quote} If this is showing off... then keep showing off that your skills work from all the effort that you put into it. I find it inspiring and it helps to keep me motivated in thinking that if you can do it, then I can do it too. Especially, since you are so generous in teaching us with your awesome videos and life streams. You truly are a rare gem in this world, Damian!!
Thank you my friend for the words. I just want to keep it humble. I show it all wins, losses, everything.
If you fail to plan, you plan to fail.
  • #31,288
  • Aug 30, 2017 7:40am Aug 30, 2017 7:40am
Hello Traders, I'm very excited about today's live stream. Lets see what the market throws at us today. My goal is to continue to repeat the steps as repetition is the mother of skill. Nothing changes we just keep doing the same things over and over and be default hopefully the skills improve.

Occasionally we hit road blocks and it's hard to get around them but press on and you will get there.

Today besides order flow we are going to talk about analysis paralysis, Excuses to not execute. I will post the link in around 20 min and let you all get on before we go live at 9:15 my time. We can chat while traders are coming in.
If you fail to plan, you plan to fail.
  • #31,289
  • Aug 30, 2017 7:58am Aug 30, 2017 7:58am
Here is the link to the live stream. Come on in and say hello.

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #31,290
  • Aug 30, 2017 8:03am Aug 30, 2017 8:03am
Quoting Mr. Pip
{quote} Hello Skyline, I will cover this in the live stream which will start in about 30 min or so. It will be recorded just in case you or others can't make it. The link will be shared here in the thread.
Thx Damian ! Will try to be online and watch your live stream
  • #31,291
  • Aug 30, 2017 8:57am Aug 30, 2017 8:57am
Mr Pip is so calm when he is trading ... amazing to watch a true pro in action.
  • #31,292
  • Aug 30, 2017 9:57am Aug 30, 2017 9:57am
Forex factory is not working for me today...having trouble getting in the site
  • #31,293
  • Aug 30, 2017 9:59am Aug 30, 2017 9:59am
PA was superb today. Will need you to have more Live Streaming Mr Pip. PA tends to be more readable when you are around. Was trading strictly according to my trading plan with the added confidence when you entered later(your live streaming on YouTube was lagging abit today). Thanks for your time again Mr Pip! As always, your video today added value to my education and journey into becoming a pro trader!
Attached Image (click to enlarge)
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  • #31,294
  • Aug 30, 2017 10:03am Aug 30, 2017 10:03am
If i was you Mr Pip i wouldnt share your trade plan, some nutter will package it up and sell it. There is enough on the youtube channel and this thread for people to work it out and create there own.
  • #31,295
  • Aug 30, 2017 10:51am Aug 30, 2017 10:51am
Damian yet another fantastic session

full of knowledge and wisdom

Thank you

Aj1
  • #31,296
  • Aug 30, 2017 10:56am Aug 30, 2017 10:56am
Thank you all for the comments, I will post the session here once it renders sometime this afternoon. I had a blast!
If you fail to plan, you plan to fail.
  • #31,297
  • Aug 30, 2017 11:04am Aug 30, 2017 11:04am
Awesome session as always! Thanks for all you do.
  • #31,298
  • Aug 30, 2017 11:21am Aug 30, 2017 11:21am
Quoting Mr. Pip
Thank you all for the comments, I will post the session here once it renders sometime this afternoon. I had a blast!
Thanks Damian ... really ... have been following you since early this year, and I don't even wan't to imagine if I haven't found this thread.

Thanks for the talk in the begining of the session, it was what i needed to hear and remind me of.

I do apologise, I had to leave at middle of session, and only managed to comeback near the end, but wife asked ( demanded ) for my attention ( its her last day of vacation today ).
  • #31,299
  • Aug 30, 2017 11:34am Aug 30, 2017 11:34am
I hope to watch it tonight. Can't do the live at work.
  • #31,300
  • Aug 30, 2017 11:43am Aug 30, 2017 11:43am
Hello fellow traders I hope you are all well!
After a good holiday I'm ready for a new start.
Also used the last couple of weeks to educate myself and make some changes to my trading plan.
Now starting with Peter 2.0 and with trading plan 2.0

Going to trade an account of 1,000 euros.
Will be trading USDJPY mainly.
Maximum risk per trade will be between 20-30 euros (2-3% of account).
Doing 20 trades, strictly following trading rules (at least that's the plan).
I will post every trade and see what the outcome will be in the end.

Had a good first trade today, will post it later.
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