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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

  • #33,521
  • Oct 30, 2017 7:18am Oct 30, 2017 7:18am
Quoting lithium1
{quote} UJ, Entered 2nd position. {image}
Reduce risk
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  • #33,522
  • Oct 30, 2017 7:26am Oct 30, 2017 7:26am
EURUSD short - stopped manually
Against short term expectation.
1:1 harmonic completion, confluence of fib ext. levels indicating exhaustion, good longer term structure.
Short at good rotation candle.
Bears couldn't follow through right away, but attacked 1.1632 a few times on good volume.
Last attempt was weaker and also after a deeper bull retrace, so I thought it was my last chance to get out.
So I stopped the trade manually.
Shortly after price broke through the level to the downside.
But I did what I thought I had to do to protect my capital so I'm ok with it (also because it was against expectation).

Think I'm gonna wait now for a correction and look for a long.

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  • #33,523
  • Oct 30, 2017 7:30am Oct 30, 2017 7:30am
Quoting Nikster
{quote} Hey guys, I also live in the Netherlands. I’m going live this week with real money. I have tested over 700 trades on the Eurostoxx50 and I can confirm that Damians system also has an 70% hitrate on the Eurostoxx and probably also on the other European indices
Another one
good luck with your live trading
  • #33,524
  • Oct 30, 2017 7:34am Oct 30, 2017 7:34am
Quoting PeterT
EURUSD short - stopped manually Against short term expectation. 1:1 harmonic completion, confluence of fib ext. levels indicating exhaustion, good longer term structure. Short at good rotation candle. Bears couldn't follow through right away, but attacked 1.1632 a few times on good volume. Last attempt was weaker and also after a deeper bull retrace, so I thought it was my last chance to get out. So I stopped the trade manually. Shortly after price broke through the level to the downside. But I did what I thought I had to do to protect my capital...
I'm still in short, SL at BE will start trail aggressive if i reach correction to 50%.
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  • #33,525
  • Oct 30, 2017 7:35am Oct 30, 2017 7:35am
Quoting ltupower
{quote} I'm still in short, SL at BE will start trail aggressive if i reach correction to 50%. {image}
Nice! Your entry price is also better. I hope we get a deep correction
  • #33,526
  • Oct 30, 2017 7:36am Oct 30, 2017 7:36am
Quoting lithium1
{quote} Reduce risk {image}
TP early, don't like all the wicks, don't want to get whipsawed. +4
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  • #33,527
  • Oct 30, 2017 8:01am Oct 30, 2017 8:01am
Quoting PeterT
{quote} Nice! Your entry price is also better. I hope we get a deep correction
Well it's deep enough. It's starting to hurt now
  • #33,528
  • Oct 30, 2017 8:03am Oct 30, 2017 8:03am
Quoting PeterT
{quote} Well it's deep enough. It's starting to hurt now
+24 closed too early i guess :| But was afraid for big bounce to the moon.
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  • #33,529
  • Oct 30, 2017 8:15am Oct 30, 2017 8:15am
Quoting PeterT
{quote} Well it's deep enough. It's starting to hurt now
Are you taking long after such a momentum?
  • #33,530
  • Oct 30, 2017 8:24am Oct 30, 2017 8:24am
Quoting Mr. Pip
{quote} I was studying from Scott Carney’s work and traded the patterns and then when I decided I wanted to trade intraday and not be exposed for long periods of time, I grabbed the ABCD concept and made it my baby. I then knew indicator have not and do not work for me so then I went on and endless path of mastering price action and price movement. It was a work in progress for a long time but the results have completely changed my life and now I’m doing what no one did for me pay it forward and change as many lives as I can.
so basically you wait for an impulse leg AB then a retracement BC then take the trade from C to D?
  • #33,531
  • Oct 30, 2017 8:26am Oct 30, 2017 8:26am
Quoting ltupower
{quote} Are you taking long after such a momentum?
No still waiting to see what price does.
  • #33,532
  • Oct 30, 2017 8:30am Oct 30, 2017 8:30am
Quoting PeterT
{quote} No still waiting to see what price does.
Good for you. I took long after bullish decision candle formation. Now sitting in a pain train.
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  • #33,533
  • Oct 30, 2017 8:34am Oct 30, 2017 8:34am
Quoting ltupower
{quote} Good for you. I took long after bullish decision candle formation. Now sitting in a pain train. {image}
I might miss a move up because of that.
Just hoping for price to come back with more weakness before going long..
  • #33,534
  • Oct 30, 2017 8:46am Oct 30, 2017 8:46am
Short YM @ 338, let's see
Wow! I've got some experience to gain.
  • #33,535
  • Oct 30, 2017 8:47am Oct 30, 2017 8:47am
Quoting Lawnman
Short YM @ 338, let's see
Me too.
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  • #33,536
  • Oct 30, 2017 8:51am Oct 30, 2017 8:51am
Wasn´t sure to enter because of the downward momentum but took 6 pips , but closed too early(by mistake)
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veni vidi vici
  • #33,537
  • Oct 30, 2017 8:56am Oct 30, 2017 8:56am
Quoting PeterT
{quote} I might miss a move up because of that. Just hoping for price to come back with more weakness before going long..
EURUSD long
Was actually waiting for deeper correction, but then large bull candle came.
After large bull candle took the long.
Entry still at 61.8% correction level so enough room to protect until swing structure.
SL below the swing and 61.8% correction of 1:1

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  • #33,538
  • Oct 30, 2017 8:58am Oct 30, 2017 8:58am
Quoting Sheeep44
{quote} Haha nice buddy, if we stick around for a year, we should treat ourself on a traders night out
Haha yes and start our own local harmonics group
veni vidi vici
  • #33,539
  • Oct 30, 2017 8:59am Oct 30, 2017 8:59am
Playing the shorter order flow. Waiting for a long. Let's see if this plays out.....
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  • #33,540
  • Oct 30, 2017 9:05am Oct 30, 2017 9:05am
Quoting Lawnman
Short YM @ 338, let's see
Not looking good.
Wow! I've got some experience to gain.
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