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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

  • #31,961
  • Sep 28, 2017 11:20am Sep 28, 2017 11:20am
Quoting Milfortra
{quote} And it did! Let's wait for a NSH again!
And it did it again! Projection looks fantastic. Now let's wait for it to shoot up to your TP, Mr Pip.
  • #31,962
  • Sep 28, 2017 11:24am Sep 28, 2017 11:24am
Quoting Mr. Pip
Locked in 70 points {image}
Getting abit late at this part of the world. Hope PA does reach your TP without coming close to your SL. Good night and see you all tmrw.
  • #31,963
  • Sep 28, 2017 11:27am Sep 28, 2017 11:27am
Quoting Milfortra
{quote} Getting abit late at this part of the world. Hope PA does reach your TP without coming close to your SL. Good night and see you all tmrw.
I'm getting hungry so I my go have lunch and look at it later. Waiting for my wife to let me know if she is done with her things.
If you fail to plan, you plan to fail.
  • #31,964
  • Sep 28, 2017 11:28am Sep 28, 2017 11:28am
The bears are trying to come in
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_09_28.png Size: 67 KB
If you fail to plan, you plan to fail.
  • #31,965
  • Sep 28, 2017 11:29am Sep 28, 2017 11:29am
We have close to 100 people in here now so a great time to remind everyone about the live stream tomorrow at 9 am EST I will post the link here
If you fail to plan, you plan to fail.
  • #31,966
  • Sep 28, 2017 11:33am Sep 28, 2017 11:33am
Been waiting for a good pullback all day on the 233. Maybe bears can bring us back to 325 and get a rotation. However, bullish move is long in the tooth at this point in my opinion.
  • #31,967
  • Sep 28, 2017 11:36am Sep 28, 2017 11:36am
Just to recap this was an aggressive C buy into an ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_09_28.png Size: 70 KB
If you fail to plan, you plan to fail.
  • #31,968
  • Sep 28, 2017 11:47am Sep 28, 2017 11:47am
OK Traders, got taken out at 70 points, See you all tomorrow at the live stream.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_09_28.png Size: 68 KB
If you fail to plan, you plan to fail.
  • #31,969
  • Sep 28, 2017 1:15pm Sep 28, 2017 1:15pm
Hello Mr. Pip, very impressive results you show us so far this week. I'm still papertrading but planning to go in a few weeks to go live. My results are good and finally beginning to be solid. This is the sign for me that I'm getting the hang of it but I have a question about the moneymanegement. Say, you want to start trading with futures on the Eurostoxx50 or DAX. The margin requirement of my broker are 1400€ per contract, I am planning to start with 10.000. How many contracts should I trade? The point is I calculated the underlying value of the DOw what is around 100K per contract and converted that to the Eurostoxx50 which is around 35000, so basicly I should buy 3 Eurostoxx contracts to have the same underlying value as the Dow but using your moneymanegement sheet will let me scale up so fast that I am currently after a 100% return went to 12 contracts now which is close to the total accountsize. In other words, I can only take a loss of 22 points and then I would get a margin call.

What is your opinion? ps I will joine the livestream tomorrow
  • #31,970
  • Sep 28, 2017 1:28pm Sep 28, 2017 1:28pm
Quoting Nikster
Hello Mr. Pip, very impressive results you show us so far this week. I'm still papertrading but planning to go in a few weeks to go live. My results are good and finally beginning to be solid. This is the sign for me that I'm getting the hang of it but I have a question about the moneymanegement. Say, you want to start trading with futures on the Eurostoxx50 or DAX. The margin requirement of my broker are 1400€ per contract, I am planning to start with 10.000. How many contracts should I trade? The point is I calculated the underlying value of the...

Just start with 1 contract. There is a big difference between live trading and paper trading. If after 2-3 weeks you are doing fine than start increasing your position size slowly.
  • #31,971
  • Sep 28, 2017 1:39pm Sep 28, 2017 1:39pm
Quoting x3m-PippiN
{quote} Just start with 1 contract. There is a big difference between live trading and paper trading. If after 2-3 weeks you are doing fine than start increasing your position size slowly.
Ok thanks I will do that. No rush
  • #31,972
  • Sep 28, 2017 1:39pm Sep 28, 2017 1:39pm
Quoting Mr. Pip
{quote} Thank you!
What time is the livestream?

I live in a GMT+1 area.. I don't know what your timezone is mate, would love to be there!
"Luck is when opportunity meets preparation"
  • #31,973
  • Sep 28, 2017 1:54pm Sep 28, 2017 1:54pm
Quoting Sheeep44
{quote} What time is the livestream? I live in a GMT+1 area.. I don't know what your timezone is mate, would love to be there!
1300 Zulu
If you fail to plan, you plan to fail.
  • #31,974
  • Sep 28, 2017 1:57pm Sep 28, 2017 1:57pm
Quoting Nikster
Hello Mr. Pip, very impressive results you show us so far this week. I'm still papertrading but planning to go in a few weeks to go live. My results are good and finally beginning to be solid. This is the sign for me that I'm getting the hang of it but I have a question about the moneymanegement. Say, you want to start trading with futures on the Eurostoxx50 or DAX. The margin requirement of my broker are 1400€ per contract, I am planning to start with 10.000. How many contracts should I trade? The point is I calculated the underlying value of the...
Start with one like stated then work yourself to 2 a week later until you are comfortable. This gives you an opportunity to have the option to scale in on shallow entries with 1 then add 1 more to average in a better price in those aggressive entries.
If you fail to plan, you plan to fail.
  • #31,975
  • Sep 28, 2017 1:58pm Sep 28, 2017 1:58pm
Quoting x3m-PippiN
{quote} Just start with 1 contract. There is a big difference between live trading and paper trading. If after 2-3 weeks you are doing fine than start increasing your position size slowly.
Great advice
If you fail to plan, you plan to fail.
  • #31,976
  • Sep 28, 2017 2:28pm Sep 28, 2017 2:28pm
Quoting Mr. Pip
{quote} Start with one like stated then work yourself to 2 a week later until you are comfortable. This gives you an opportunity to have the option to scale in on shallow entries with 1 then add 1 more to average in a better price in those aggressive entries.
Ok I will do that. Great tip thanks
  • #31,977
  • Sep 28, 2017 4:43pm Sep 28, 2017 4:43pm
Following you since a few months, still learning this strategy. I see a lot of potential, by the way I'm still not able to have consistent profit, is like a 50% of profit and 50% of loss. I think I have some problems with structure analysis, that should be the easiest part here. Sometimes I'm not pretty sure what my expectation should be. Plus, I admit I have a lot of difficulties to manage losses, sometimes I tilt after a loss and enter trades I would not. It's all my fault, of course, the strategy is clearly pretty solid. I would like to ask you a question guys: tick chart is essential? Because my broker don't have it. Plus, which timefrime fits better with this strategy, according to your experience? I'm using 10 minutes at the moment, trading on NASDAQ CFD, cause Forex, on lower timeframes, is very chaotic to me. Thank you guys
  • #31,978
  • Sep 28, 2017 7:10pm Sep 28, 2017 7:10pm
I'm mostly in the discord channel these days. just thought I'd pop in and say thanks again.

This month will mark the first profitable trading month I've had in about a year.

I don't really trade YM, as it blows up my small account too fast while learning. I switched over to micro-currencies (specifically micro-cadusd), which run on 10k ish lots, and has really easy margin requirements (~100:1 leverage)

The TA isn't so hard if I use the full contract, and I swing over about a day using limit orders for entry. The commissions are killer for the micro too, BE is 2 pips.

In spite of this handicap, I picked out 6 trades with a net win % of 67%. I doubled-down on a losing trade, which was an important takehome lesson. Currently up about 70 pips after commissions. Not too bad. Definitely a lot better than 20~40% win rates that I'm used to. Looking forward to improving consistency and eventually graduating to full contract, where BE is at 1 tick or half a pip.

If you're interested in CAD futures, just know it has a few quirks, probably because the spot-forex world trades it upside down as USDCAD.
  • #31,979
  • Sep 28, 2017 8:24pm Sep 28, 2017 8:24pm
Quoting Mr. Pip
Just to recap this was an aggressive C buy into an ABCD {image}
I understand the aggressive C, but could you elaborate a little more on your thought process entering this particular trade? Was it the couple bounces off the 61.8, I'm used to you waiting for rotation, which did come a bit later. Thanks much!
Wow! I've got some experience to gain.
  • #31,980
  • Edited 1:29am Sep 29, 2017 12:31am | Edited 1:29am
Good morning,

08:28 local here and we see EUR/USD long term expectation still NSL, short term NSH. Seems prices is in a rage. We have good R:R right now but bulls seems be struggling to climb higher. What's your thoughts guys?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 1.png Size: 48 KB


Ok taking long after good bullish candle. We have good R:R and still short term expectation NSH
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) trade1.png Size: 49 KB
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