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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

  • #34,101
  • Nov 10, 2017 12:55am Nov 10, 2017 12:55am
USDJPY Analysis

Intraday: NSL

- Price made a NSL at 1800 yesterday and has been correcting since then
- 3 large harmonics completed in the same structure

Expectation: Price is slowly approaching my AOI. Will wait to see what price does after open for more clarity on direction.

Longterm: NSH

- Market is overall bearish
- Going with intraday expectations
Attached Image(s) (click to enlarge)
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  • #34,102
  • Nov 10, 2017 2:02am Nov 10, 2017 2:02am
Hi,

Trading correction, so far so good. Will be closing and looking for long in the structure below 61,8%.
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  • #34,103
  • Nov 10, 2017 2:21am Nov 10, 2017 2:21am
Quoting ltupower
Hi, Trading correction, so far so good. Will be closing and looking for long in the structure below 61,8%. {image}
Closed +15. Can't go long due to bad R:R Will be waiting for better opportunity.
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  • #34,104
  • Nov 10, 2017 2:48am Nov 10, 2017 2:48am
just learned this for 1 day, and everything become clear!

Thanks a lot!
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No one wants to be defeated~
  • #34,105
  • Nov 10, 2017 3:19am Nov 10, 2017 3:19am
Today's decent YM trade. +29
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  • #34,106
  • Nov 10, 2017 4:01am Nov 10, 2017 4:01am
Goodday Traders!

Today's trades on the FDAX. Profitable but still having issues with discipline.
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  • #34,107
  • Nov 10, 2017 4:16am Nov 10, 2017 4:16am
Good day everyone , nice to see so many of us doing a huge progress! It just shows how powerfull this system is.
Damian is a great teacher for us all and im very thankful to get the chance to learn from him. Thanks again master!

b2t, at the 1. Juni this year i filled up my live account with 200€ just do learn and do it with some "real money effect". The emotions you get when you trading live instead of demo are a huge different! I struggled with my fear of losses and lack of discipline , because of that i crashed that account down to arround 50€ in 4 month.
I took a short break then, made a nice trip with my girl and came back with a better mindset.
Since then im not letting myself presure into a trade, taking every signal which the market offers me and just follow my plan.
With this plan it was possible for me to be profitable since then.
Im not back to my initial deposit but im up to 64€! a great success for me.

I just want to share this with u guys to show what is possible when u just follow the F*** d*** rules
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  • #34,108
  • Nov 10, 2017 4:54am Nov 10, 2017 4:54am
EUR/USD, Just got this one, let's see what will happen.
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  • #34,109
  • Nov 10, 2017 7:59am Nov 10, 2017 7:59am
Quoting Noxap
Good day everyone , nice to see so many of us doing a huge progress! It just shows how powerfull this system is. Damian is a great teacher for us all and im very thankful to get the chance to learn from him. Thanks again master! b2t, at the 1. Juni this year i filled up my live account with 200€ just do learn and do it with some "real money effect". The emotions you get when you trading live instead of demo are a huge different! I struggled with my fear of losses and lack of discipline , because of that i crashed that account down to arround...
  • #34,110
  • Nov 10, 2017 8:22am Nov 10, 2017 8:22am
I want to thank everyone for the nice words and I'm super proud of you all for your hard work and dedication. I'm seeing huge progress in you all and your results prove it. Keep grinding and work hard at controlling those emotions. Emotional control is what will make you a Jedi Knight in this business. I enjoyed the live stream more then you all know. It way an in depth technical review and lesson. Those are awesome because it is 100% about learning.
If you fail to plan, you plan to fail.
  • #34,111
  • Nov 10, 2017 8:28am Nov 10, 2017 8:28am
Good morning and Thanks for a great session yesterday!


I have a few follow up questions.

1. When price reached the area marked 1 on the chart. Would you have considered to enter long here? (3 drive completion and structure to the left)
2. While price was working towards your longer-term area of interest. How would you handle it from an intraday perspective while price was in the area marked 2? If you were to look for longs, at what level would you stop?

3. In the second attached picture we have a similar situation. But price blew past the structure level and created a weak NSL. Price also blew past the ABCD completion area. How should this situation be handled? Could I still go long when I see price tries to correct in anticipation for a deep correction?

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Thanks!!!
  • #34,112
  • Nov 10, 2017 8:39am Nov 10, 2017 8:39am
My short
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If you fail to plan, you plan to fail.
  • #34,113
  • Nov 10, 2017 8:41am Nov 10, 2017 8:41am
Quoting Mr. Pip
I want to thank everyone for the nice words and I'm super proud of you all for your hard work and dedication. I'm seeing huge progress in you all and your results prove it. Keep grinding and work hard at controlling those emotions. Emotional control is what will make you a Jedi Knight in this business. I enjoyed the live stream more then you all know. It way an in depth technical review and lesson. Those are awesome because it is 100% about learning.
No, thank you for the opportunity! Keep doing what you are doing!
"Luck is when opportunity meets preparation"
  • #34,114
  • Nov 10, 2017 8:50am Nov 10, 2017 8:50am
Didn't post for a couple of days, being quite busy. Here is my trade for today.
Being narrowing my choiche down for either ES or 6E for afternoon ( 1-3 PM ET) daytrading..
Been having good results on oil and Gold, but it is quite expensive and need bigger stops, and bigger accounts..
But nevertheless, this is my trade, enjoy!
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #34,115
  • Nov 10, 2017 8:51am Nov 10, 2017 8:51am
Short term looking for shorts
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #34,116
  • Nov 10, 2017 8:54am Nov 10, 2017 8:54am
Quoting Mr. Pip
My short {image}
Thanks a lot. I managed to get an entry similar to your's today using your rules. When would you be looking to go BE on this? At the test of the NSL or somewhere before? Thanks.
Attached Image (click to enlarge)
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  • #34,117
  • Nov 10, 2017 9:04am Nov 10, 2017 9:04am
update
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #34,118
  • Nov 10, 2017 9:08am Nov 10, 2017 9:08am
Quoting arc001
{quote} Thanks a lot. I managed to get an entry similar to your's today using your rules. When would you be looking to go BE on this? At the test of the NSL or somewhere before? Thanks. {image}
Being that it is Friday and I will not be holding this I might just take profit in the 340s that is the BE point as well. So if we blow through that area I will lock in profit there.
If you fail to plan, you plan to fail.
  • #34,119
  • Nov 10, 2017 9:24am Nov 10, 2017 9:24am
My YM trades:
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  • #34,120
  • Nov 10, 2017 9:27am Nov 10, 2017 9:27am
Short intraday
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
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