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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

  • #32,861
  • Oct 20, 2017 5:16am Oct 20, 2017 5:16am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD (15 Range) 2017_10_205.png Size: 48 KB
"Luck is when opportunity meets preparation"
  • #32,862
  • Oct 20, 2017 5:19am Oct 20, 2017 5:19am
Quoting PeterT
{quote} Thanks for sharing. That indicates there's still hope
Absolutely, also the money management is important I always use the same risk in % so if the natural stop is 10 pips I risk same % for that 10 pips as I do if the stop is 30 pips. So important to get the trades that give the best R:R and has potential to become runners with great R:R .
Trading in the shadow of SM
  • #32,863
  • Oct 20, 2017 5:22am Oct 20, 2017 5:22am
Quoting PeterT
{quote} Only thing is I think if you assume that zone will hold, you should put the SL above that zone to keep a good R:R. If the stop is hit, then that's ok because your assumption of the zone holding was wrong. You can re-enter later. Just my opinion :-)
Great to hear your opinion, but lets say I get stopped out, I lose 1% of my account, and when I win, I win 2% of my account, so it doesn't really matter in the end run. Because if I get stopped out 2 times, and the expectation fails.. Or when I have to re-enter, in the end, it doesn't really matter mate. But thanks for the opinion, will consider it
"Luck is when opportunity meets preparation"
  • #32,864
  • Oct 20, 2017 5:24am Oct 20, 2017 5:24am
EURJPY, 2 winners.
Last trade was AB=CD completion, went against the expectation.
EU is a bit flat and going nowhere atm..
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY (15 Range) 2017_10_20.png Size: 31 KB
"Luck is when opportunity meets preparation"
  • #32,865
  • Oct 20, 2017 5:25am Oct 20, 2017 5:25am
I hope this will help. Cmon Bears!
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Click to Enlarge Name: EURUSD (233 Tick) 6.png Size: 86 KB
  • #32,866
  • Oct 20, 2017 5:27am Oct 20, 2017 5:27am
Quoting ltupower
I hope this will help. Cmon Bears! {image}
AHAHAHA, creative, creative.
"Luck is when opportunity meets preparation"
  • #32,867
  • Oct 20, 2017 5:30am Oct 20, 2017 5:30am
Still learning this method.look good so far. took long on USDJPY 1hr chart.when i saw price came down 61.8 fib & previous structure level. & grab around 90 pips.

Attached Image (click to enlarge)
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  • #32,868
  • Oct 20, 2017 5:36am Oct 20, 2017 5:36am
Quoting Sheeep44
{quote} Good spot indeed! {image}
Good call. Price made it into a deeper correction.
Damn The Torpedoes, Full Speed Ahead!
  • #32,869
  • Oct 20, 2017 5:47am Oct 20, 2017 5:47am
Quoting Sheeep44
{quote} AHAHAHA, creative, creative.
Well it's working
  • #32,870
  • Oct 20, 2017 6:27am Oct 20, 2017 6:27am
Quoting Sheeep44
{quote} Great to hear your opinion, but lets say I get stopped out, I lose 1% of my account, and when I win, I win 2% of my account, so it doesn't really matter in the end run. Because if I get stopped out 2 times, and the expectation fails.. Or when I have to re-enter, in the end, it doesn't really matter mate. But thanks for the opinion, will consider it
I understand. Only thing is that when your stop is above the zone, you have the opportunity to watch what price does, and decide if you want re-enter or not. In the other case you might have to ride a long "pain train" and you have no opportunity for deciding if you still want to ride.
But you may be right, in the end it might not matter, as long as you do it consistently
  • #32,871
  • Oct 20, 2017 6:41am Oct 20, 2017 6:41am
Stoped out.. -19 Well maybe next week will be better GL guys.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 7.png Size: 56 KB
  • #32,872
  • Oct 20, 2017 7:02am Oct 20, 2017 7:02am
EURUSD short

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Click to Enlarge Name: Screenshot1.png Size: 142 KB
  • #32,873
  • Oct 20, 2017 7:40am Oct 20, 2017 7:40am
Quoting PeterT
EURUSD short {image}
wow ... doing exactly the same !

Good Luck Peter !
  • #32,874
  • Oct 20, 2017 7:46am Oct 20, 2017 7:46am
Quoting pereiraalex
{quote} wow ... doing exactly the same ! Good Luck Peter !
You too!
  • #32,875
  • Oct 20, 2017 7:57am Oct 20, 2017 7:57am
Mr Pip, in this YM kind of setup..
Where do you fib from?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_20.png Size: 37 KB
"Luck is when opportunity meets preparation"
  • #32,876
  • Oct 20, 2017 8:05am Oct 20, 2017 8:05am
Quoting Earleone
Been using Mr Pips method on GBPUSD last week. Actually doubled the account this week. It is possible. Post a chart with the overview the trades. ( I use 89 tick chart for the actual trading ) Very nice to get in sync on one instrument and watch it like a hawk. I have many loosing trades and it is potential to getting a lot better but anyway it works well over the longer run, a looser here and a looser there is ok {image}
Congrats! Good to see you in here!
If you fail to plan, you plan to fail.
  • #32,877
  • Oct 20, 2017 8:10am Oct 20, 2017 8:10am
Quoting PipJr
{quote} It would be interesting to know how many actual trades you made in that time period. Is that easy to figure out?
I went back and looked at it I had 19 trades on both the longer term and intraday combined. The issue is since I trade heavier contracts they sometime split them up based on liquidity and Ninja counts them as trades same thing happens on the way out.
If you fail to plan, you plan to fail.
  • #32,878
  • Oct 20, 2017 8:13am Oct 20, 2017 8:13am
Quoting Sheeep44
Mr Pip, in this YM kind of setup.. Where do you fib from? {image}
Yes but this type of swing causes a terrible situation from a trading stand point as far as stop placement You will have to trade a smaller term order flow against the longer term expectation or wait for alignment with the longer term and keep looking north. This market is out of control.
If you fail to plan, you plan to fail.
  • #32,879
  • Oct 20, 2017 8:17am Oct 20, 2017 8:17am
Quoting Sheeep44
Mr Pip, in this YM kind of setup.. Where do you fib from? {image}
i'm already long there. entered after that short term 1/1 moves (orange lines). i see weakness with bulls right now, but it could be due to lack of volatility before market opening. anyway, market should not pull back more than 68%, if i'm right.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_20_trade 1.png Size: 87 KB
  • #32,880
  • Oct 20, 2017 8:26am Oct 20, 2017 8:26am
Quoting ujku80
{quote} i'm already long there. entered after that short term 1/1 moves (orange lines). i see weakness with bulls right now, but it could be due to lack of volatility before market opening. anyway, market should not pull back more than 68%, if i'm right. {image}
Good luck on your trade. A bit weak at the moment but its going.
If you fail to plan, you plan to fail.
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