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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

  • #33,581
  • Oct 30, 2017 11:10am Oct 30, 2017 11:10am
NQ short. YM stopped out.
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  • #33,582
  • Oct 30, 2017 11:28am Oct 30, 2017 11:28am
Quoting PeterT
{quote} 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 {image}
Trade is advancing kind of slowly. Have to leave soon. Protected below immediate swing, locking in a few pips.

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  • #33,583
  • Oct 30, 2017 11:37am Oct 30, 2017 11:37am
Hi,I'd like to join to the discord channel, can anyone post an invitation (link) please? Thank you. Gaston
  • #33,584
  • Oct 30, 2017 11:40am Oct 30, 2017 11:40am
NQ exit.
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  • #33,585
  • Oct 30, 2017 11:41am Oct 30, 2017 11:41am
Quoting PeterT
{quote} Trade is advancing kind of slowly. Have to leave soon. Protected below immediate swing, locking in a few pips. {image}
Have to leave. Almost at 1:1 harmonic completion. Trailed very aggressively, behind 144 tick decision candles.
Taken out with +19 pips

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  • #33,586
  • Oct 30, 2017 11:41am Oct 30, 2017 11:41am
Quoting Mr. Pip
Another {image}
Come Fly with me come fly let's fly away ,,,, mm mm mm , yaaaaa soooo cool Mr Pip, WE GONNA FLY WITH YOU one day. your an Inspiration and a truly generous guy. Long road ahead for me, but with you at the helm and some top guys here gonna get there.
  • #33,587
  • Oct 30, 2017 11:43am Oct 30, 2017 11:43am
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...
I am also trying to trade this way. I'm willing to take home a little less or trade a little less if I don't have to stay glued to the screen, making adjustments that seem to make my losses worse rather than better.

I've found that trading less increases my win ratio by a lot, but then I attempt follow-up trades and they tend to fail spectacularly for the next 2 or 3 trades often leading to a deviation from my rules. my net profitability is negative currently, but it is slowly working towards positive territory. Reasons why I'm off YM live, and trading micro currency futures.

Ultimately, I need to stop trading every wiggle and work from AOI's I establish when I'm trading less emotionally.
  • #33,588
  • Oct 30, 2017 11:46am Oct 30, 2017 11:46am
USDJPY +30

Life is good

Thanks to Mr. Pip
  • #33,589
  • Oct 30, 2017 11:50am Oct 30, 2017 11:50am
1 BE and 2 losses for today.
last trade was counter orderflow.. But still a good setup.. USD was pretty weak today, went through the roof.
See you all tomorrow!
"Luck is when opportunity meets preparation"
  • #33,590
  • Oct 30, 2017 1:55pm Oct 30, 2017 1:55pm
Quoting PeterT
{quote} Another one good luck with your live trading
Thanks, I will post my trades and of course any feedback is welcome
  • #33,591
  • Oct 30, 2017 2:02pm Oct 30, 2017 2:02pm
Hey Damian, amazing picture you posted. A question, when you trade the intraday OF and price enters the 61,8 of the longer timeframe swing and you get an entry signal for the intraday OF, do you take it or do you wait to see if price respects the 61,8 of the longer term? Because I had a fifty/fifty chance when this situation occures with my testing.
  • #33,592
  • Oct 30, 2017 3:43pm Oct 30, 2017 3:43pm
Came late to the charts. Here are my late trades on YM (I do not like to trade at this time; a bit messy but got my thoughts again on Trade 2 area; trade 3 was too optmistic). In total positive, so it is ok.
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  • #33,593
  • Oct 30, 2017 4:33pm Oct 30, 2017 4:33pm
Was watching some of Damians video's on Youtube, pretty interesting.
https://www.youtube.com/watch?v=GrCdDmkJMuY&t=2s
"Luck is when opportunity meets preparation"
  • #33,594
  • Oct 30, 2017 4:36pm Oct 30, 2017 4:36pm
EURUSD short
Against expectation, trading correction.
Entry at structure to the left, after extended 1:1 harmonic completion, past 138.2 fib ext of previous swing.
Very tight SL, above the structure to the left, allowing larger lotsize and still having a risk much lower than my max. allowed risk.
Was targeting 38.2%-50% correction but price was starting to stall and I exited.
+5 pips

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  • #33,595
  • Oct 30, 2017 5:17pm Oct 30, 2017 5:17pm
Quoting Nikster
Hey Damian, amazing picture you posted. A question, when you trade the intraday OF and price enters the 61,8 of the longer timeframe swing and you get an entry signal for the intraday OF, do you take it or do you wait to see if price respects the 61,8 of the longer term? Because I had a fifty/fifty chance when this situation occures with my testing.
Nikster, I’ll dig up a chart and answer your question tomorrow.
If you fail to plan, you plan to fail.
  • #33,596
  • Oct 30, 2017 8:27pm Oct 30, 2017 8:27pm
Quoting Sheeep44
{quote} Got stopped out, lets see if we can squeeze one more trade out. All trades were according to the plan, but hey this happens. Trying to be full transparent, hope I learn something from it and you guys aswel.
I’m trying to do that as well, transparent on my trades. Hopefully can learn from each other, identify our mistakes. In the process we can generate ideas to fine tune our trades too. I like your trade of EU on immediate order flow.
  • #33,597
  • Oct 30, 2017 10:01pm Oct 30, 2017 10:01pm
Quoting ckh626
{quote} I am also trying to trade this way. I'm willing to take home a little less or trade a little less if I don't have to stay glued to the screen, making adjustments that seem to make my losses worse rather than better. I've found that trading less increases my win ratio by a lot, but then I attempt follow-up trades and they tend to fail spectacularly for the next 2 or 3 trades often leading to a deviation from my rules. my net profitability is negative currently, but it is slowly working towards positive territory. Reasons why I'm off YM live,...
I guess I should follow up with some percentages. When on point, I'm probably doing about 60~70% with occasional rule breaking. When things are bad, I can hit 20% or worse.

Obviously, it'd be nice to do 70+% with no rule breaking.
  • #33,598
  • Oct 31, 2017 1:06am Oct 31, 2017 1:06am
Man, what a cockpit Damian! What kind of airplane is that you're flying? Is it yours?
  • #33,599
  • Edited 1:27am Oct 31, 2017 1:08am | Edited 1:27am
https://www.youtube.com/watch?v=UzGLnHoUR-8
  • #33,600
  • Oct 31, 2017 1:34am Oct 31, 2017 1:34am
USDJPY Analysis

Intraday: NSL

- Price made a weak NSL at 0630 GMT today

Expectation: Will wait to see what price does after market open. If price does retrace to the golden zone then will look for an entry.

Longterm: NSL

- Market changed direction yesterday with a big move by the bears.
- Confluence between intraday and long term
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