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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

  • #32,661
  • Oct 17, 2017 12:18pm Oct 17, 2017 12:18pm
Quoting Mr. Pip
{quote} That would depend if the expectation is in line with the crash. LOL I have survived them one I made money the other I lost money. The second was a bit scary could not get out of the trade and lost 70K. I was able to recover in a couple of months no big deal. You can't trade with that fear.
Yeah, I plan to build up very slowly with a backup plan for a 7~20% move, so that I don't get completely wiped out. Which means for 1 YM contract, i have some 7K~21K liquid capital floating around somewhere in the event I need to call the broker for a cash infusion.
  • #32,662
  • Oct 17, 2017 1:07pm Oct 17, 2017 1:07pm
EURUSD - 5 min

Waiting correction.
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  • #32,663
  • Oct 17, 2017 3:09pm Oct 17, 2017 3:09pm
Quoting ckh626
{quote} Yeah, I plan to build up very slowly with a backup plan for a 7~20% move, so that I don't get completely wiped out. Which means for 1 YM contract, i have some 7K~21K liquid capital floating around somewhere in the event I need to call the broker for a cash infusion.
Good plan.
If you fail to plan, you plan to fail.
  • #32,664
  • Oct 17, 2017 3:13pm Oct 17, 2017 3:13pm
It would be a miracle if I survive this rotation.
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If you fail to plan, you plan to fail.
  • #32,665
  • Oct 17, 2017 3:15pm Oct 17, 2017 3:15pm
Stopped out next!
If you fail to plan, you plan to fail.
  • #32,666
  • Oct 17, 2017 3:22pm Oct 17, 2017 3:22pm
Quoting Mr. Pip
Stopped out next!
As I already said, I prefer to see white and green numbers on your screenshots ( and on my charts). Unfortunately it is also part of the game.

Tomorrow you will rock again.

PS: Thank you for showing.
  • #32,667
  • Oct 17, 2017 3:55pm Oct 17, 2017 3:55pm
Quoting evocpr19
{quote} As I already said, I prefer to see white and green numbers on your screenshots ( and on my charts). Unfortunately it is also part of the game. Tomorrow you will rock again. PS: Thank you for showing.
I show the good, the bad, and the ugly. I would be one of the other clown if I only showed winners. Like you said losing is part of this business and there is nothing wrong with taking a loss or two.
If you fail to plan, you plan to fail.
  • #32,668
  • Oct 17, 2017 7:37pm Oct 17, 2017 7:37pm
Quoting PipJr
{quote} Adjusting SL - I find I'm so scared of losing that I change my stop loss way too early and then get taken out rather than wait for profit. On occasion it's protected me against losses but other times I've left money on the table. Thanks!
We will best cover this in the live stream. Better to do it live in a trade.
If you fail to plan, you plan to fail.
  • #32,669
  • Oct 17, 2017 9:46pm Oct 17, 2017 9:46pm
USDCHF M30 in a deep correction.
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  • #32,670
  • Oct 18, 2017 1:53am Oct 18, 2017 1:53am
https://www.youtube.com/watch?v=R1ypT6S-LEE
  • #32,671
  • Oct 18, 2017 2:14am Oct 18, 2017 2:14am
USDJPY Analysis

Intraday: NSH

- Market opened with a NSH
- 2 harmonics completed

Expectation: would like price to retrace for an entry long. There is a long term harmonic being completed very close to the current price so will look for a quick grab of pips

Longterm: NSL

- Market is overall bearish

Expectation: there is a large harmonic that the bears might be interested to come in. Since these are going to be two different entries, i will be aggressive with the first trade inorder to take the second
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  • #32,672
  • Oct 18, 2017 2:21am Oct 18, 2017 2:21am
Hello,

Ok we have NSH and a correction to the downside ABCD completion. Enter for long so far so good. Hope to trail this better then yesterday..
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  • #32,673
  • Oct 18, 2017 2:35am Oct 18, 2017 2:35am
Quoting ltupower
Hello, Ok we have NSH and a correction to the downside ABCD completion. Enter for long so far so good. Hope to trail this better then yesterday.. {image}
Setting SL to BE after reached first resistance zone.
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  • #32,674
  • Oct 18, 2017 3:39am Oct 18, 2017 3:39am
Quoting ltupower
{quote} Setting SL to BE after reached first resistance zone. {image}
Stopped out for BE. Let's see what price will be doing now.
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  • #32,675
  • Oct 18, 2017 3:52am Oct 18, 2017 3:52am
Quoting ltupower
{quote} Stopped out for BE. Let's see what price will be doing now. {image}
Still i think it's just a deeper correction going for a another shoot. How do you think guys? 3 harmonics made.
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  • #32,676
  • Oct 18, 2017 4:18am Oct 18, 2017 4:18am
USDJPY Update

Long term is now NSH

Will wait for the retracement
  • #32,677
  • Oct 18, 2017 4:20am Oct 18, 2017 4:20am
Quoting ltupower
{quote} Still i think it's just a deeper correction going for a another shoot. How do you think guys? 3 harmonics made. {image}
Are you long or short
  • #32,678
  • Oct 18, 2017 4:55am Oct 18, 2017 4:55am
Here is my trade for the day. I shorted EURUSD after the completion of an ABCD pattern. After the pattern completed, it retraced right back into the 61.8%, which fulfilled my expectation and printed a really nice reversal candle. Pulled the trigger and made 28pips.

Every now and then, I get a trade like this one were I feel like I know what price is going to do and it does exactly what I was expecting. I just need to be able to read price like this more often.
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Damn The Torpedoes, Full Speed Ahead!
  • #32,679
  • Oct 18, 2017 5:08am Oct 18, 2017 5:08am
Quoting RajD
{quote} Are you long or short
Was for long but it failed.
  • #32,680
  • Oct 18, 2017 5:17am Oct 18, 2017 5:17am
Quoting ltupower
{quote} Was for long but it failed.
i know...because you were trading the correction

Your harmonics drew NSL so it was wrong to assume that the trend is changed unless the structure is broken

The harmonics are drawn to show where price decides to stop and retrace. Use that for price to come to your golden zone and then take the trade.

There was no indication in your chart that showed that the bulls are gonna take over.

Always trade the expectation
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