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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

  • #33,421
  • Oct 27, 2017 7:05am Oct 27, 2017 7:05am
Short
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If you fail to plan, you plan to fail.
  • #33,422
  • Oct 27, 2017 7:13am Oct 27, 2017 7:13am
USDJPY long
There was strength downwards yes I saw it. We were at a long term resistance area so expected a deep correction.
Expectation was still NSH
1:1 was completed in the correction. Watched immediate orderflow and saw bulls regaining strength.
Took rotation candle in short term OF.
Trade was going well at first but then a giant candle decided otherwise.
If that wasn't bad enough, my SL didn't trigger AGAIN f*@*!*@@ I had to close it manually
-23 pips
I guess I should call it a week now I'm really pissed.

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  • #33,423
  • Oct 27, 2017 7:15am Oct 27, 2017 7:15am
BE 38%
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If you fail to plan, you plan to fail.
  • #33,424
  • Oct 27, 2017 7:16am Oct 27, 2017 7:16am
Quoting PeterT
USDJPY long There was strength downwards yes I saw it. We were at a long term resistance area so expected a deep correction. Expectation was still NSH 1:1 was completed in the correction. Watched immediate orderflow and saw bulls regaining strength. Took rotation candle in short term OF. Trade was going well at first but then a giant candle decided otherwise. If that wasn't bad enough, my SL didn't trigger AGAIN f*@*!*@@ I had to close it manually -23 pips I guess I should call it a week now I'm really pissed. {image}
Maybe the 16:00 news?
"Luck is when opportunity meets preparation"
  • #33,425
  • Oct 27, 2017 7:18am Oct 27, 2017 7:18am
Quoting PeterT
USDJPY long ..
Oh I see now there was a medium news event. Great.
This is one of those times where I start thinking why am I even doing this lol
Back to zero.

So the SL not triggering could have been because of the news I suppose. No liquidity at that moment? Is that possible?
  • #33,426
  • Oct 27, 2017 7:20am Oct 27, 2017 7:20am
Let's see if I survive this immediate correction. The sellers should defend the zone I highlighted if they are here.
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If you fail to plan, you plan to fail.
  • #33,427
  • Oct 27, 2017 7:24am Oct 27, 2017 7:24am
The zone held as expected. Bears need to continue now to the 61.8 where I will not take profit but I will trail.
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If you fail to plan, you plan to fail.
  • #33,428
  • Oct 27, 2017 7:26am Oct 27, 2017 7:26am
Quoting Sheeep44
{quote} Maybe the 16:00 news?
Yeah.. made the same mistake twice today... waw..
  • #33,429
  • Oct 27, 2017 7:28am Oct 27, 2017 7:28am
Locked in 20 just above the 38.2% and extended the target. There is some minor structure here
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If you fail to plan, you plan to fail.
  • #33,430
  • Oct 27, 2017 7:29am Oct 27, 2017 7:29am
out with 20
If you fail to plan, you plan to fail.
  • #33,431
  • Oct 27, 2017 7:31am Oct 27, 2017 7:31am
Quoting Mr. Pip
out with 20
Congrats
  • #33,432
  • Oct 27, 2017 7:41am Oct 27, 2017 7:41am
You all enjoying yourselves? I know a few of you seem struggling a bit these last couple of days. Don't get discouraged and review your trades. See if you followed your plan and if mistakes were made. If no mistakes were made it's next! Do not put any more thought into it. If you messed up, realize it and take the necessary step to prevent a repeat.
If you fail to plan, you plan to fail.
  • #33,433
  • Oct 27, 2017 7:43am Oct 27, 2017 7:43am
Quoting Mr. Pip
You all enjoying yourselves? I know a few of you seem struggling a bit these last couple of days. Don't get discouraged and review your trades. See if you followed your plan and if mistakes were made. If no mistakes were made it's next! Do not put any more thought into it. If you messed up, realize it and take the necessary step to prevent a repeat.
I enjoy a lot.
  • #33,434
  • Oct 27, 2017 7:46am Oct 27, 2017 7:46am
So my weeks results are shown below, the last trade put my account slightly more than 4,5%, not bad for a weeks ' work ' ..
Hope everyone ended their week well!
I have been struggling as you all can see, some rookie mistakes but well, we learn from them and move on to better places!!

EDIT: this is not for a showoff, just want to learn from each other and things might not always seem as good or bad in the short term, but just keeping the 'long' term picture in mind and everything should work out! Any feedback on any of my trades or anything would be appreciated. We can all learn from each other and make each other better one day at a time!
Attached Image
"Luck is when opportunity meets preparation"
  • #33,435
  • Oct 27, 2017 7:46am Oct 27, 2017 7:46am
Quoting Mr. Pip
You all enjoying yourselves? I know a few of you seem struggling a bit these last couple of days. Don't get discouraged and review your trades. See if you followed your plan and if mistakes were made. If no mistakes were made it's next! Do not put any more thought into it. If you messed up, realize it and take the necessary step to prevent a repeat.
Abit hard to read the charts today as I could not find structure in confluence with Fib ratio. May end up as a watching day today.
  • #33,436
  • Oct 27, 2017 7:46am Oct 27, 2017 7:46am
Quoting evocpr19
{quote} I enjoy a lot.
Just want to make sure I'm not boring you all. Sometimes I see no one commenting and I feel like I'm not providing value.
If you fail to plan, you plan to fail.
  • #33,437
  • Oct 27, 2017 7:48am Oct 27, 2017 7:48am
Quoting Milfortra
{quote} Abit hard to read the charts today as I could not find structure in confluence with Fib ratio. May end up as a watching day today.
What are you looking at?
If you fail to plan, you plan to fail.
  • #33,438
  • Oct 27, 2017 7:49am Oct 27, 2017 7:49am
Quoting Mr. Pip
{quote} Just want to make sure I'm not boring you all. Sometimes I see no one commenting and I feel like I'm not providing value.
We are all learning from them, at least I do! So please keep posting.
"Luck is when opportunity meets preparation"
  • #33,439
  • Oct 27, 2017 7:50am Oct 27, 2017 7:50am
Quoting Mr. Pip
You all enjoying yourselves? I know a few of you seem struggling a bit these last couple of days. Don't get discouraged and review your trades. See if you followed your plan and if mistakes were made. If no mistakes were made it's next! Do not put any more thought into it. If you messed up, realize it and take the necessary step to prevent a repeat.
Thanks Mr. Pip, I am among the ones that needed that little bit of pep talk
  • #33,440
  • Oct 27, 2017 7:50am Oct 27, 2017 7:50am
Quoting Mr. Pip
{quote} Just want to make sure I'm not boring you all. Sometimes I see no one commenting and I feel like I'm not providing value.
Not at all. I learn always something, even if I do not take always the same trades. It is much more fun, when you are active in the thread.
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