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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

  • #33,821
  • Nov 2, 2017 10:11am Nov 2, 2017 10:11am
Live stream next week Thursday to discuss some of the issues you all are having give me a list of issues so I can go through them one by one with real time examples. That is Thursday 11/09
If you fail to plan, you plan to fail.
  • #33,822
  • Nov 2, 2017 10:11am Nov 2, 2017 10:11am
Quoting VictorFaria
Hello Damian! As i told you before, I'm Trading Forex on Longer Time Frames (H4,D1,W1) due to my personal aspects and i'm applying your concepts and it's incredible how it are working great! Sometimes i'm having problems of interpretation of the Chart when i have Very good Setups for Long and Shorts simultaneously See below some Examples In This Example on GBP/JPY, I have the First Swing that Broke the Resistance Level Making a NSH, That Swing Bounces on the New Support Level (Old Resistance), But they Bounce on 38.2 FIB Level. If we Draw a New...
I will get to your question be patient with me thanks
If you fail to plan, you plan to fail.
  • #33,823
  • Nov 2, 2017 10:12am Nov 2, 2017 10:12am
Quoting Mr. Pip
out with 20 so breakeven day next! {image}
can i ask about your second trade today the long im struggling to see why you took it and the other thing congrats on your pnl for the month so far a decent wage by anyones standards
  • #33,824
  • Nov 2, 2017 10:26am Nov 2, 2017 10:26am
Quoting Mr. Pip
P/L this month so far between yesterday and today. Don't freak out. I've been heavy on the contracts and shows the belief I have in my system. {image}
Congrats. Could you please post your trade from yesterday?
  • #33,825
  • Nov 2, 2017 11:10am Nov 2, 2017 11:10am
EU stopped at -6. Hi Damien, was this a correct entry and management? Thanks.
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  • #33,826
  • Nov 2, 2017 11:21am Nov 2, 2017 11:21am
Quoting arc001
EU stopped at -6. Hi Damien, was this a correct entry and management? Thanks. {image}
The entry as good but not sure why you moved your stop.
If you fail to plan, you plan to fail.
  • #33,827
  • Nov 2, 2017 11:49am Nov 2, 2017 11:49am
Quoting Mr. Pip
{quote} The entry as good but not sure why you moved your stop.
Thanks Damien. I moved my stop as I was trailing it behind swings. I moved it below the swing low when price made a higher high.would you have managed it differently? Thanks.
  • #33,828
  • Nov 2, 2017 11:51am Nov 2, 2017 11:51am
Sorry guys I'm tied up I'll get to the questions later on today or tomorrow morning.
If you fail to plan, you plan to fail.
  • #33,829
  • Edited 6:35pm Nov 2, 2017 6:01pm | Edited 6:35pm
Quoting Mr. Pip
P/L this month so far between yesterday and today. Don't freak out. I've been heavy on the contracts and shows the belief I have in my system. {image}
Amazing results! Mr. Pip, how was the worst and best month look like for the past 2 years?
  • #33,830
  • Nov 2, 2017 6:15pm Nov 2, 2017 6:15pm
Quoting PeterT
{quote} After completion of the ABCD the 61.8 correction is your standard profit target. What happens after that depends on whether the ABCD is in the direction of the expectation, or in a correction. This is a case where you have an ABCD complete in a correction, so at completion point D good opportunity to enter in the direction of the expectation, and you will probably have opportunity to take profit far beyond that 61.8 correction (normally you will get a 1:1 harmonic of the previous main swing). In this case your expectation is a NSL and price...
Hi PeterT, thank you so much, I need to study what you say many times, there is so much good info. I'm trying to wrap my head around how all these patterns interact, really want to hit a smooth profit stride!
  • #33,831
  • Nov 3, 2017 12:02am Nov 3, 2017 12:02am
Quoting Mr. Pip
Sorry guys I'm tied up I'll get to the questions later on today or tomorrow morning.
Thanks Damien.
  • #33,832
  • Nov 3, 2017 1:24am Nov 3, 2017 1:24am
I believe this is the proper projection of price in line with my long trade. Either way, I'm sticking to the plan!
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  • #33,833
  • Nov 3, 2017 1:43am Nov 3, 2017 1:43am
Quoting Bodiddi
I believe this is the proper projection of price in line with my long trade. Either way, I'm sticking to the plan! {image}
You are currently trading a correction. Expectation is still a NSL until 1280 is broken

Not saying that the harmonic will not complete, however, sometimes correction don't complete harmonics and price follows expectation 70% of the time

And the expectation is a NSL.
  • #33,834
  • Nov 3, 2017 1:44am Nov 3, 2017 1:44am
https://www.youtube.com/watch?v=DNDK0hxKoj0&t=2692s
  • #33,835
  • Nov 3, 2017 1:51am Nov 3, 2017 1:51am
NQ long
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  • #33,836
  • Nov 3, 2017 1:58am Nov 3, 2017 1:58am
Quoting RajD
{quote} You are currently trading a correction. Expectation is still a NSL until 1280 is broken Not saying that the harmonic will not complete, however, sometimes correction don't complete harmonics and price follows expectation 70% of the time And the expectation is a NSL.
You are absolutely right, caught it to late, but live and learn, thank you!
  • #33,837
  • Nov 3, 2017 2:05am Nov 3, 2017 2:05am
Short GU
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  • #33,838
  • Nov 3, 2017 2:07am Nov 3, 2017 2:07am
USDJPY Analysis

Intraday: NSL

- Price made a NSL at 1410 yesterday and corrected quite deep to the 88.6 Fib, however, the bulls couldn’t break structure
- Price is under a complex correction between 114.192 and 113.602

Expectation: Although price is at my golden zone, I’m going to wait and see what price does in the next 1-2 hours. It’s Friday and is the worst day to trade because of the volatility sometimes. Expectation is a NSL so will wait to see what price does

Long term: NSL

- Market is overall bearish
- Confluence between intraday and long term
- Going with intraday expectations
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  • #33,839
  • Nov 3, 2017 2:26am Nov 3, 2017 2:26am
Quoting arc001
Short GU {image}
Too early. Price could go higher

Good luck
  • #33,840
  • Nov 3, 2017 2:38am Nov 3, 2017 2:38am
Quoting RajD
{quote} Too early. Price could go higher Good luck
Sry why do you think its early? If the momentum and projection increases, should the expectation not be a shallow pullback to around the 38.2? Thanks.
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