Disliked{quote} Hi: Indeed i was trying to see if the lessons that we learned is working on the higher time frame or not, and it is . Regarding the Higher SL , and greater loss , when you risk a specific percentage of your account, you have to decrease the lot size you are trading to keep ,the percentage the same, which i am doing that. please let us know, how many time you lose money due to having a tight SL, till a trade win..? , i am interested to see, if the higher time frames have a better expectation outcome or not, and don't forget that profit in...Ignored
Ratios & Harmonics: a Different Way to Trade
- #31,532
- Sep 12, 2017 2:41pm Sep 12, 2017 2:41pm
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Any news from Damian ?
Hope everything is going fine for him and his family !
Hope everything is going fine for him and his family !
- #31,533
- Sep 12, 2017 3:17pm Sep 12, 2017 3:17pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Didn't have time to write detailed reports.
I'm just going to give the results of today's trading.
Since price has been rallying and I found no entry yesterday on the 233 tick chart, I went down to the 58 tick chart (immediate to short term OF)
I saw that there were hardly any expectation failures in the immediate OF during the rally up, so decided to trade on the 58 tick.
Trade 15-16-17-18 of 20 (12 Sept 2017)
USDJPY 58 tick chart
Summary trade 15/20
Risk: -4 euro
Actual profit: +0.5 euro
Summary trade 16/20
Risk: -12 euro
Actual profit: +30 euro
Summary trade 17/20
Risk: -12 euro
Actual profit: +14 euro
Summary trade 18/20:
Risk: -16 euro
Actual profit: -16 euro loss
I'm just going to give the results of today's trading.
Since price has been rallying and I found no entry yesterday on the 233 tick chart, I went down to the 58 tick chart (immediate to short term OF)
I saw that there were hardly any expectation failures in the immediate OF during the rally up, so decided to trade on the 58 tick.
Trade 15-16-17-18 of 20 (12 Sept 2017)
USDJPY 58 tick chart
Summary trade 15/20
Risk: -4 euro
Actual profit: +0.5 euro
Summary trade 16/20
Risk: -12 euro
Actual profit: +30 euro
Summary trade 17/20
Risk: -12 euro
Actual profit: +14 euro
Summary trade 18/20:
Risk: -16 euro
Actual profit: -16 euro loss
- #31,534
- Sep 12, 2017 4:56pm Sep 12, 2017 4:56pm
Any news from Damian ? Hope everything is going fine for him and his family !
.N.
- #31,535
- Sep 12, 2017 5:00pm Sep 12, 2017 5:00pm
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
{quote} I exchanged a couple of text with Damian today, he and his family did make it through the hurricane unharmed. While his electric power has returned, his internet connection is still down. A few more days of patience and I am sure he will join us here asap
{quote} I exchanged a couple of text with Damian today, he and his family did make it through the hurricane unharmed. While his electric power has returned, his internet connection is still down. A few more days of patience and I am sure he will join us here asap
I'm glad he and his family are safe.
- #31,538
- Sep 13, 2017 2:26am Sep 13, 2017 2:26am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Trade 19 of 20 (12 Sept 2017)
USDJPY short
58 tick chart
Expectation:
Expectation short term NSH, long term NSL
Strength assessment:
Trading an ABCD pattern against the short term expectation, but in line with the long term expectation
I call AB and CD short term swings (it’s a 58 tick chart)
Bulls accomplishing weaker projection in the last short term swings, deep retrace, second leg CD showing much lower momentum than AB leg
That doesn’t mean price will reverse, but it might correct and the conditions are met for me to trade the ABCD pattern completion
Strength of entry signal:
FIB: 88.6% level of long term
STRUCTURE: good structure to the left (upper side of the gap on 1H - not shown)
HARMONIC: ABCD pattern completion
--> SOS3 (minimum SOS2 required according to trading plan)
Rotation candle:
In two or three candles, not perfect
Trade management:
Profit target 61.8% of AD
Initial SL -12 pips, above the long term gap and some structure around the gap, above the small 1:1 completion (also indicated).
Had to go to sleep and because I couldn’t watch the trade I put the stop to BE.
Was taken out some time later.
Trade would still be running otherwise, at the moment price past 38.2% correction, which means stop would have been at BE now. There’s a good chance the 61.8% of AD will be hit.
Summary:
Risk: -9 euro
Initial profit target: +25 euro (61.8% of AD)
Actual profit: +1 euro (stop at BE)
USDJPY short
58 tick chart
Expectation:
Expectation short term NSH, long term NSL
Strength assessment:
Trading an ABCD pattern against the short term expectation, but in line with the long term expectation
I call AB and CD short term swings (it’s a 58 tick chart)
Bulls accomplishing weaker projection in the last short term swings, deep retrace, second leg CD showing much lower momentum than AB leg
That doesn’t mean price will reverse, but it might correct and the conditions are met for me to trade the ABCD pattern completion
Strength of entry signal:
FIB: 88.6% level of long term
STRUCTURE: good structure to the left (upper side of the gap on 1H - not shown)
HARMONIC: ABCD pattern completion
--> SOS3 (minimum SOS2 required according to trading plan)
Rotation candle:
In two or three candles, not perfect
Trade management:
Profit target 61.8% of AD
Initial SL -12 pips, above the long term gap and some structure around the gap, above the small 1:1 completion (also indicated).
Had to go to sleep and because I couldn’t watch the trade I put the stop to BE.
Was taken out some time later.
Trade would still be running otherwise, at the moment price past 38.2% correction, which means stop would have been at BE now. There’s a good chance the 61.8% of AD will be hit.
Summary:
Risk: -9 euro
Initial profit target: +25 euro (61.8% of AD)
Actual profit: +1 euro (stop at BE)
