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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

  • #33,481
  • Oct 28, 2017 5:29am Oct 28, 2017 5:29am
Quoting PeterT
{quote} Nice result johnnydus3d! May I ask how long have you been trading? Did you have profitable months before or did it start when using Mr. Pip's method? Just trying to compare my evolution with others
I have been trading on and off for a few years since 2012. I've made profitable months trading TMS and Supply and Demand by Alfonso Moreno. As for this method, I traded it starting last month while I have read this thread months before and just watched charts for weeks and weeks to try and understand how this method works. When I finally am able to get what it is that makes Mr. Pip profitable, which was start of last month, I started trading it and was surprised by my result. I had way more hit rate and trades but it was kindof stressful for me since I had to watch trades and move stops and TP as the trade goes on so as of this month I trade purely set and forget trades and its great since then.
  • #33,482
  • Oct 28, 2017 5:39am Oct 28, 2017 5:39am
Quoting johnnydus3d
{quote} I too have many mistakes with my results for this month and still I made 4.44 pips per day average. I'm even too far from the 70% win rate, however, I do not trade like Mr. Pip (adjusting stops and moving TP as trades run). What I do is, I check the chart and make sure my area of entry has high potential by analyzing projection and candlesticks etc then I put a pending order or wait for rotation candle, whichever I find is more appropriate depending on upcoming news. Then I set SL and TP which on average at 1:1.5 - 1:2.5RR as I set it at...
Well if it works for you and it's profitable, you got yourself a winner
  • #33,483
  • Oct 28, 2017 5:49am Oct 28, 2017 5:49am
Quoting johnnydus3d
{quote} I have been trading on and off for a few years since 2012. I've made profitable months trading TMS and Supply and Demand by Alfonso Moreno. As for this method, I traded it starting last month while I have read this thread months before and just watched charts for weeks and weeks to try and understand how this method works. When I finally am able to get what it is that makes Mr. Pip profitable, which was start of last month, I started trading it and was surprised by my result. I had way more hit rate and trades but it was kindof stressful...
Thanks for your "testimony" johnnydus3d
I've been reading and studying this method exclusively since the beginning of this year. Now very slowly becoming a not-loser. Hoping to be a consistent winner in the course of next year.
I guess I'm not the best student of the class but I'm sure I'll get there
Good luck to you!
  • #33,484
  • Oct 28, 2017 7:51am Oct 28, 2017 7:51am
Quoting PeterT
{quote} Well if it works for you and it's profitable, you got yourself a winner
I am sure you will get there. I think (for me) being at breakeven for a whole month is already a winner. Now all I need is to make this winning month consistent for a year to build up a sort of proof for my upcoming funding :-) .. I already have some folks willing to invest, I just needed more time for now due to some personal things. Good luck to you too and everyone else here. I may not post as often during trading hours, but I still read all posts when I have time.
  • #33,485
  • Oct 28, 2017 7:53am Oct 28, 2017 7:53am
Quoting Mr. Pip
Here is the link to today's live stream. Enjoy! https://youtu.be/myjNIAkz8KA
Just watched the video, great video again Damian!
It is not said enough, you can not be thanked enough.
Every video I learn new things, it's a fantastic series!
Also, every video, some key elements are repeated over and over again and that's ok, because that way it gets hammered into our memories :-)
You are a great teacher, good explanation, good examples, a little humour, just great.
It's a shame hundreds of people view your videos and download your tradeplan, and only a handful say thank you or give it a 'like'.
You deserve much more. I guess the majority don't even realize (yet) what you are giving them.
Just thought I'd give you some feedback and I think I speak for the majority.
Thanks!
  • #33,486
  • Oct 28, 2017 8:43am Oct 28, 2017 8:43am
Quoting PeterT
{quote} Just watched the video, great video again Damian! It is not said enough, you can not be thanked enough. Every video I learn new things, it's a fantastic series! Also, every video, some key elements are repeated over and over again and that's ok, because that way it gets hammered into our memories :-) You are a great teacher, good explanation, good examples, a little humour, just great. It's a shame hundreds of people view your videos and download your tradeplan, and only a handful say thank you or give it a 'like'. You deserve much more....
Thank you so much for the kinds words and feedback. It’s much appreciated! Now grap the market by the balls and squeeze the shit out of it.
If you fail to plan, you plan to fail.
  • #33,487
  • Oct 28, 2017 9:36am Oct 28, 2017 9:36am
Quoting Mr. Pip
{quote} You must have miss understood my point. The point was how to calculate your average. Not a math lesson or a profitability lesson. You obviously can't expect to do this full time on a one point example daily positive average. But like in your example 5 point daily average will make you a ton of money. Being consistently profitable and being properly funded is the key to making as much money as you want. 5 point daily average * 1 contract = $500 ( 5*20=100 points in 20 days in a month on $5 a point) 6K per year on a 2K Account. That is a 300%...
I think I would be ok with the 30 fixed contracts on that spreadsheet. Motivation here. This doesn't even take into account adding contracts each month as you go up. Just yearly. Could be even more impressive.
  • #33,488
  • Edited 10:05am Oct 28, 2017 9:45am | Edited 10:05am
Just an idea for guys too dumb to follow their own plan like me, I created a note in Google Keep and set a daily reminder for it to pop up on my phone at 9:15 EST before market open. Just some quick key points to read everyday to beat it into my head. I have to read it daily now right when I need it.

I trade at work and don't really want to leave anything written at my desk because of nosy bastards walking around the office. They don't need to know that I'm working on my retirement party.
  • #33,489
  • Oct 28, 2017 10:03am Oct 28, 2017 10:03am
Quoting Mr. Pip
{quote} Thank you so much for the kinds words and feedback. It’s much appreciated! Now grap the market by the balls and squeeze the shit out of it.
  • #33,490
  • Oct 28, 2017 12:43pm Oct 28, 2017 12:43pm
Quoting csternfx
{quote} I think I would be ok with the 30 fixed contracts on that spreadsheet. Motivation here. This doesn't even take into account adding contracts each month as you go up. Just yearly. Could be even more impressive.
Yes just wanted something simple and realistic so everyone can see how life changing a 5 point daily avg can be.
If you fail to plan, you plan to fail.
  • #33,491
  • Oct 28, 2017 12:44pm Oct 28, 2017 12:44pm
Quoting csternfx
Just an idea for guys too dumb to follow their own plan like me, I created a note in Google Keep and set a daily reminder for it to pop up on my phone at 9:15 EST before market open. Just some quick key points to read everyday to beat it into my head. I have to read it daily now right when I need it. I trade at work and don't really want to leave anything written at my desk because of nosy bastards walking around the office. They don't need to know that I'm working on my retirement party.
Great idea
If you fail to plan, you plan to fail.
  • #33,492
  • Oct 28, 2017 1:55pm Oct 28, 2017 1:55pm
Quoting PeterT
{quote} Thanks for your "testimony" johnnydus3d I've been reading and studying this method exclusively since the beginning of this year. Now very slowly becoming a not-loser. Hoping to be a consistent winner in the course of next year. I guess I'm not the best student of the class but I'm sure I'll get there Good luck to you!
Peter May I ask if you are at the french side of Belgium of kom je uit Vlaanderen?
Saw you lived in Belgium, which is very close from where I live. I hope you don;t mind me asking haha.
"Luck is when opportunity meets preparation"
  • #33,493
  • Oct 28, 2017 2:54pm Oct 28, 2017 2:54pm
Just reviewed my trades and lost 9% on bad trades, and won 2,2% on the bad trades, bad trades meaning I shouldn't of taken them due to emotions, wrong OF... I learned from them and I understand what I did wrong.. Trading is a never ending journey and I encourage all you guys to review your trades, especially when you are a beginner and learning from all the small gems Mr. Pip teaches us. Like trading against strong momentum and/or orderflow for example. Also did my analysis on the excel spreadsheet and came to the conclusion that I needed to make 6 pips a day to keep the day job away. Which resulted in a net gain of over 10% a month, which, with ofcourse compounding can lead up to more than 300% ROI IN A YEAR. But of course not in the first 6 months of going live, like me. I should be happy to make 5+% in total, in the first 6 months.

Enjoy your weekend all!
"Luck is when opportunity meets preparation"
  • #33,494
  • Oct 28, 2017 3:20pm Oct 28, 2017 3:20pm
Mr Pip ,

A big thank you for all you do for us... really appreciated.
Still learning but I plan to be more active in this thread.

PS: Sheep44 I am from Belgium(Limburg)
veni vidi vici
  • #33,495
  • Oct 28, 2017 4:23pm Oct 28, 2017 4:23pm
Quoting Sheeep44
{quote} Peter May I ask if you are at the french side of Belgium of kom je uit Vlaanderen? Saw you lived in Belgium, which is very close from where I live. I hope you don;t mind me asking haha.
Yes in Vlaanderen
Hey you said we'd be Hollywood neighbours but we already are neighbours ;-)

Quoting mansan
Mr Pip , A big thank you for all you do for us... really appreciated. Still learning but I plan to be more active in this thread. PS: Sheep44 I am from Belgium(Limburg)
Me too Limburg :-) What are the odds
  • #33,496
  • Oct 28, 2017 6:30pm Oct 28, 2017 6:30pm
Quoting PeterT
{quote} Yes in Vlaanderen Hey you said we'd be Hollywood neighbours but we already are neighbours ;-) {quote} Me too Limburg :-) What are the odds
It's always nice to have some trading buddies living nearby so you guys can go out for a drink and learn together.

So far I can't find anyone living in kuala Lumpur who are serious in learning Mr Pip's strategy.
  • #33,497
  • Oct 29, 2017 3:02am Oct 29, 2017 3:02am
Hi Mr Pips,

Hope you are well and glad to see your continuing support for us traders which is very invaluable.

On your video back in September there was one part which I did not quite understand. The longer term orderflow was for a new structure high. The immediate orderflow had a new structure low develop and your expectation was for a deep correction. Why didn't you take profit at the area circle in red but rather the projected ABCD projections?

Thanks
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  • #33,498
  • Oct 29, 2017 5:43am Oct 29, 2017 5:43am
Quoting liemo
Hi Mr Pips, Hope you are well and glad to see your continuing support for us traders which is very invaluable. On your video back in September there was one part which I did not quite understand. The longer term orderflow was for a new structure high. The immediate orderflow had a new structure low develop and your expectation was for a deep correction. Why didn't you take profit at the area circle in red but rather the projected ABCD projections? Thanks {image}
That was a complex correction to retest the low with the expectation being a NSH. I always like to see a harmonic move in a complex correction and look for the entry around their completion area. I do not trade that pattern as it is the immediate order flow which I use to help time my enterneces and to asses trade progression. I trade the intraday expectation or in some cases the longer term depending on how liquid the market is.
If you fail to plan, you plan to fail.
  • #33,499
  • Oct 29, 2017 6:54am Oct 29, 2017 6:54am
Quoting PeterT
{quote} Yes in Vlaanderen Hey you said we'd be Hollywood neighbours but we already are neighbours ;-) {quote} Me too Limburg :-) What are the odds
Oh well just to add my 2 pence LIMBURG lol in Maastricht
Happy pips maybe we should start a local club
  • #33,500
  • Oct 29, 2017 2:43pm Oct 29, 2017 2:43pm
Quoting PeterT
{quote} Yes in Vlaanderen Hey you said we'd be Hollywood neighbours but we already are neighbours ;-) {quote} Me too Limburg :-) What are the odds
Haha, it is only an hour roughly from where I live. Good to know
"Luck is when opportunity meets preparation"
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