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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

  • #31,341
  • Aug 31, 2017 9:22am Aug 31, 2017 9:22am
Quoting evocpr19
{quote} To do nothing does not bring money, but at least it does not cost anything.
Very true!
If you fail to plan, you plan to fail.
  • #31,342
  • Aug 31, 2017 9:30am Aug 31, 2017 9:30am
Mr pip what am i missing here somethings got to go wrong it has done each time over the years

i feel so empowered, i seem to have clicked with your methodology so far this week without trading Monday as its a bank holiday here and i spent some time with the girlfriend, i am up very close to $3k that in perspective is over half my initial deposit i made at the beginning of the year to trade your method, this week i decided to up my contracts to 5 rather than 10 just so i can get a feel for the P&l moving so much in comparison to what i am used to

i think a thank you dont quite cover it but being this far away that will have to suffice for now
  • #31,343
  • Aug 31, 2017 9:30am Aug 31, 2017 9:30am
Quoting PeterT
{quote} Set stop to BE+2 at 38.2% retrace of AD.
locked in +15 pips @110.45
  • #31,344
  • Aug 31, 2017 9:34am Aug 31, 2017 9:34am
Quoting johny8984
Mr pip what am i missing here somethings got to go wrong it has done each time over the years i feel so empowered, i seem to have clicked with your methodology so far this week without trading Monday as its a bank holiday here and i spent some time with the girlfriend, i am up very close to $3k that in perspective is over half my initial deposit i made at the beginning of the year to trade your method, this week i decided to up my contracts to 5 rather than 10 just so i can get a feel for the P&l moving so much in comparison to what i am used to...
Awesome Johny So happy for you Keep it going!!!
If you fail to plan, you plan to fail.
  • #31,345
  • Aug 31, 2017 9:35am Aug 31, 2017 9:35am
Quoting dogdays713
{quote} one of the great things a bout this thread is is you have bad trades too, it's not great that you lost money, but it is inspiring to see that it can happen to the best. and you just move to the next trade. no big deal, yesterday you talked when you started trading and how you almost quit. that to me was so inspiring. that even you felt like that in the beginning.lucky us you stuck with it!
It's a tough business, not for the weak!!!!
If you fail to plan, you plan to fail.
  • #31,346
  • Aug 31, 2017 9:39am Aug 31, 2017 9:39am
Quoting latencytradr
Expect a retrace to 50% or 61% for a buy on YM
well that was waaaaaaaay off the mark
  • #31,347
  • Aug 31, 2017 9:40am Aug 31, 2017 9:40am
Quoting PeterT
{quote} Set stop to BE+2 at 38.2% retrace of AD.
Great Analysis Peter. Thanks to you, i recovered my loss.

Do post your analysis before the UK market open so we can compare notes.

Thanks again
  • #31,348
  • Aug 31, 2017 9:41am Aug 31, 2017 9:41am
Hey guys I have to step out so I'll join you all tomorrow.
If you fail to plan, you plan to fail.
  • #31,349
  • Aug 31, 2017 9:49am Aug 31, 2017 9:49am
Quoting PeterT
{quote} locked in +15 pips @110.45
out with +34 pips
  • #31,350
  • Aug 31, 2017 9:54am Aug 31, 2017 9:54am
Quoting RajD
{quote} Great Analysis Peter. Thanks to you, i recovered my loss. Do post your analysis before the UK market open so we can compare notes. Thanks again
Haha great RajD!
Well I could have been wrong it just played out well.
I don't always have time to post at every moment but I'll try.
Problem is that sometimes the decision is made kind of last-minute
  • #31,351
  • Aug 31, 2017 10:01am Aug 31, 2017 10:01am
Quoting PeterT
{quote} out with +34 pips
Oh boy looks like I left a lot on the table. Stop might have been a little tight but price got within 2 pips distance of the 61.8% level. I didn't want to be greedy and end up giving it all back. There was potentially strong structure to the left so expected bullish reaction.
Oh well. Next
  • #31,352
  • Aug 31, 2017 10:03am Aug 31, 2017 10:03am
Hi:
This my analysis of long term USDJPY (H4)
i expect price to go >200 pip down during the next week....?
Am i doing it correctly ...? any how , i will keep my short trades till the next week .
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.PNG Size: 72 KB
  • #31,353
  • Aug 31, 2017 10:15am Aug 31, 2017 10:15am
Quoting parviz1953
Hi: This my analysis of long term USDJPY (H4) i expect price to go >200 pip down during the next week....? Am i doing it correctly ...? any how , i will keep my short trades till the next week . {image}
I do not have the chart in front of me (only your pic). Could you please show where were your entries (I see the level, but not on which swing).
  • #31,354
  • Aug 31, 2017 10:17am Aug 31, 2017 10:17am
so far not a bad day for me
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 8_31_2017.jpg Size: 202 KB
Always trade your own plan...I don't provide trading signals.
  • #31,355
  • Aug 31, 2017 10:19am Aug 31, 2017 10:19am
Quoting PeterT
{quote} Oh boy looks like I left a lot on the table. Stop might have been a little tight but price got within 2 pips distance of the 61.8% level. I didn't want to be greedy and end up giving it all back. There was potentially strong structure to the left so expected bullish reaction. Oh well. Next
Another entry within 61.8 fib
That's where my analysis is..
Will patiently wait for it
-11. Kept my stop loss near.
  • #31,356
  • Aug 31, 2017 10:33am Aug 31, 2017 10:33am
Quoting evocpr19
{quote} I do not have the chart in front of me (only your pic). Could you please show where were your entries (I see the level, but not on which swing).
OH , i had 2 trades open before on the basis of my previous post ,on 1H time frame ,i have entered at 38.6 expecting shallow correction(good momentum on the bear movement)so decided to stay with it, believing that, the correction will not extend more than 61.8% , but it had gone up to 88.6% and since my SL was on 100% , i kept it alive .
Now that the ABCD completed and i have a good reversal signal i have added more short entry to that....
I know i am not at all good on money management .....
  • #31,357
  • Aug 31, 2017 10:36am Aug 31, 2017 10:36am
Hi All,

I'd love to hear people's thoughts on where they commonly look for entry points. I get bit confused with this. The one general one I always look for is areas of structure to the left. I would prefer multiple points of confluence though. Things like a 50% retracement? Bat, gartley, ABCD? Maybe I just need to study these patterns better so I recognize them quickly as I often find I have an expectation of a NSH (or NSL) but not confident with the best entry point to take advantage of this.

Maybe Mr. Pip has a video or post that has gone over this already and I've missed it.

Thanks in advance
  • #31,358
  • Aug 31, 2017 11:04am Aug 31, 2017 11:04am
Quoting PeterT
{quote} Oh boy looks like I left a lot on the table. Stop might have been a little tight but price got within 2 pips distance of the 61.8% level. I didn't want to be greedy and end up giving it all back. There was potentially strong structure to the left so expected bullish reaction. Oh well. Next
Peter don't worry be happy, Murphy's Law is always in play. Great trading and nice to see you again. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #31,359
  • Aug 31, 2017 11:20am Aug 31, 2017 11:20am
Quoting Robadub
{quote} Hi! PeterT, with what broker you have forex in ninja trader?
Sorry I missed your post somehow!
I'm not trading in Ninjatrader. I display and edit charts in NT, and take trades in MT4.
My current broker is Forex.ee but I might choose another broker in the future.
It's all temporary. I'm currently testing a few other trading platforms in demo.
  • #31,360
  • Aug 31, 2017 12:03pm Aug 31, 2017 12:03pm
Quoting Coreg2004
{quote} Peter don't worry be happy, Murphy's Law is always in play. Great trading and nice to see you again. Good luck with your trading.
Thanks Coreg I am happy with the result, anything could have happened
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