Ratios & Harmonics: a Different Way to Trade | Page 1667 | Forex Factory

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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

  • #33,321
  • Oct 26, 2017 9:49am Oct 26, 2017 9:49am
Quoting Mr. Pip
out with +20 BE day so far. Next!
I am on your heels for the NYO session.
+ 20 pips
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #33,322
  • Oct 26, 2017 9:50am Oct 26, 2017 9:50am
Quoting PeterT
{quote} Not looking great. Did not protect as I was targeting the 38.2% correction of the larger swing. {image}
Stop hit out with -8 pips no biggy I feel like it was worth it..
  • #33,323
  • Oct 26, 2017 9:50am Oct 26, 2017 9:50am
Quoting PeterT
{quote} Stop hit out with -8 pips no biggy I feel like it was worth it..
Next!
If you fail to plan, you plan to fail.
  • #33,324
  • Oct 26, 2017 9:53am Oct 26, 2017 9:53am
It's weird how we get more people here then we do in the live streams.
If you fail to plan, you plan to fail.
  • #33,325
  • Oct 26, 2017 9:54am Oct 26, 2017 9:54am
Quoting Mr. Pip
Locked in the profit target of the pattern and leaving room for more {image}
Do you treat a AB=CD completion the same as an ABCD pattern, I mean with 38.2% for BE and 61.8% profit target?
So there is no difference between them?
  • #33,326
  • Oct 26, 2017 9:55am Oct 26, 2017 9:55am
Quoting PeterT
{quote} Do you treat a AB=CD completion the same as an ABCD pattern, I mean with 38.2% for BE and 61.8% profit target? So there is no difference between them?
Correct the same rules apply. I am just more hesitant to get in at the aggressive C buy or sell area.
If you fail to plan, you plan to fail.
  • #33,327
  • Oct 26, 2017 9:57am Oct 26, 2017 9:57am
Hey Damien, I understand that you started with forex (from the trade rules pdf). May I ask what your experience was ? Whether you were able to achieve the same kind of probability there.

I'm having trouble with news releases when trading forex. Seriously thinking about switching to futures and trade the DOW like you.
  • #33,328
  • Oct 26, 2017 10:05am Oct 26, 2017 10:05am
Quoting pradlal
Hey Damien, I understand that you started with forex (from the trade rules pdf). May I ask what your experience was ? Whether you were able to achieve the same kind of probability there. I'm having trouble with news releases when trading forex. Seriously thinking about switching to futures and trade the DOW like you.
I made a lot of money trading FX but it was a different time. It has become a shady market place where brokers are allowed to manipulate price and mess with the spread at will. It is also way more sensitive to news releases. If you like currencies you can trade 6E Euro Futures it is the EURUSD chart same thing but fair for everyone. No games, no price manipulation.

In my humble opinion the grass is much greener and cleaner on this side.
If you fail to plan, you plan to fail.
  • #33,329
  • Oct 26, 2017 10:06am Oct 26, 2017 10:06am
Let's see if we can find another opportunity in the mid 370
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_26.png Size: 58 KB
If you fail to plan, you plan to fail.
  • #33,330
  • Oct 26, 2017 10:09am Oct 26, 2017 10:09am
Scratch that for now on the sidelines the bears are putting in some work here.
If you fail to plan, you plan to fail.
  • #33,331
  • Oct 26, 2017 10:11am Oct 26, 2017 10:11am
AU 1hr. Wasn't a best trade to take.swing was very small compare to previous one and also it had almost 100% retrace .but for risk reward point of view it was great.so took a trade.after 2 hrs reward was great. now put stop to breakeven and see how it play out.

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  • #33,332
  • Oct 26, 2017 10:13am Oct 26, 2017 10:13am
USDJPY +30

Good day at work
  • #33,333
  • Oct 26, 2017 10:15am Oct 26, 2017 10:15am
Great work everyone!! I'm very proud!
If you fail to plan, you plan to fail.
  • #33,334
  • Oct 26, 2017 10:15am Oct 26, 2017 10:15am
USDJPY short
Against expectation, but good reason I think.
1:1 harmonic exhaustion into longer term structure, past 138 ext. fib indicating exhaustion of the move.
Nice bear candle and I pulled the trigger.
If this doesn't work out I promise I will not trade against expectation anymore today

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  • #33,335
  • Oct 26, 2017 10:24am Oct 26, 2017 10:24am
One more push..
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #33,336
  • Oct 26, 2017 10:25am Oct 26, 2017 10:25am
Quoting PeterT
USDJPY short Against expectation, but good reason I think. 1:1 harmonic exhaustion into longer term structure, past 138 ext. fib indicating exhaustion of the move. Nice bear candle and I pulled the trigger. If this doesn't work out I promise I will not trade against expectation anymore today {image}
I've said that many times. The truth is there is a time and place to trade against an expectation and my last trade highlighted that.

A topic for the next live stream. Remind me.
If you fail to plan, you plan to fail.
  • #33,337
  • Oct 26, 2017 10:30am Oct 26, 2017 10:30am
Quoting PeterT
USDJPY short Against expectation, but good reason I think. 1:1 harmonic exhaustion into longer term structure, past 138 ext. fib indicating exhaustion of the move. Nice bear candle and I pulled the trigger. If this doesn't work out I promise I will not trade against expectation anymore today {image}
Ehhm I put the stop at BE.
There was also a smaller harmonic completion and the last swing had good impulse, so not sure the correction will get to the 61.8 correction of the large 1:1.
I'm protected, TP is at 61.8 of the large 1:1.
I have to go home. I'll leave the trade and I will trust that server side OCO works with FXCM
Was considering taking profit but I'll let it run and give it a small chance.

Attached Image (click to enlarge)
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  • #33,338
  • Oct 26, 2017 10:32am Oct 26, 2017 10:32am
Quoting Mr. Pip
{quote} I've said that many times. The truth is there is a time and place to trade against an expectation and my last trade highlighted that. A topic for the next live stream. Remind me.
Yes that would be an interesting topic!
  • #33,339
  • Oct 26, 2017 10:36am Oct 26, 2017 10:36am
Great we will cover it so remind me. I have some company now so see you all tomorrow. I hope everyone enjoyed the session.
If you fail to plan, you plan to fail.
  • #33,340
  • Oct 26, 2017 10:40am Oct 26, 2017 10:40am
Quoting Mr. Pip
{quote} I've said that many times. The truth is there is a time and place to trade against an expectation and my last trade highlighted that. A topic for the next live stream. Remind me.
This would be very interesting. I like those trades.

Lets so it tomorrow, you will not forget (joke)
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