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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

  • #34,281
  • Nov 17, 2017 1:37am Nov 17, 2017 1:37am
Hello,

After correction ABCD completion entered for long. Let's go bulls.
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  • #34,282
  • Nov 17, 2017 1:42am Nov 17, 2017 1:42am
USDJPY Analysis

Intraday: NSL
- Price made a NSL at 0200 this morning

Expectation: Price is at correction. Will wait to see how far the bulls can take it. Would like price to come to my AOI

Longterm: NSL
- Market is overall bearish
- Confluence between intraday and long term
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  • #34,283
  • Nov 17, 2017 1:53am Nov 17, 2017 1:53am
Quoting ltupower
Hello, After correction ABCD completion entered for long. Let's go bulls. {image}
So far not good, bears still not over. I hope they will not pass 61.8%
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  • #34,284
  • Nov 17, 2017 2:10am Nov 17, 2017 2:10am
Good morning or Evening, depending on were you are from. Time to see what the market brings today.
Damn The Torpedoes, Full Speed Ahead!
  • #34,285
  • Nov 17, 2017 2:39am Nov 17, 2017 2:39am
Quoting DizzleFX
Good morning or Evening, depending on were you are from. Time to see what the market brings today.
Good morning DizzleFX, live from Tama Center!
  • #34,286
  • Nov 17, 2017 3:12am Nov 17, 2017 3:12am
Quoting Bodiddi
{quote} Good morning DizzleFX, live from Tama Center!
Hell yeah! lol! Your not to far from my neck of the woods. I'm down in Yokosuka.
Damn The Torpedoes, Full Speed Ahead!
  • #34,287
  • Nov 17, 2017 3:14am Nov 17, 2017 3:14am
Quoting Happy_Sniper
{quote} Have you kept a track how u would do with limit orders during the active hours. I know it's not ideal and u want to be intimate with your trades, but if your expectancy is positive, why not?
I've almost never used limit and stop orders.
It could be of help, but as you say not ideal.
Thanks for the suggestion :-)
  • #34,288
  • Edited 3:48am Nov 17, 2017 3:20am | Edited 3:48am
Quoting DizzleFX
{quote} Hell yeah! lol! Your not to far from my neck of the woods. I'm down in Yokosuka.
Cool man, I go there for some amazing dim sum or yamu-tya! Ah, I got it, I read Yokohama at first, but now I know exactly, lol
  • #34,289
  • Nov 17, 2017 4:13am Nov 17, 2017 4:13am
Mr. Pip has changed my whole perception of market and order flow and I'm starting to really get into the mindset. These are my stats for for the last few days, today was small winner too. I'm realizing what kind of trader I am and what is possible. Follow rules, follow process, never give up.
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  • #34,290
  • Nov 17, 2017 5:03am Nov 17, 2017 5:03am
Quoting ltupower
{quote} So far not good, bears still not over. I hope they will not pass 61.8% {image}
At last some nice move, let's go to the moon!
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  • #34,291
  • Nov 17, 2017 5:50am Nov 17, 2017 5:50am
EURUSD M5, expectation NSL
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Detach yourself from the value of money - Mr. Pip
  • #34,292
  • Nov 17, 2017 6:03am Nov 17, 2017 6:03am
Quoting Supreme1394
EURUSD M5, expectation NSL {image}
SL moved to breakeven after a strong bear candle formed
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Detach yourself from the value of money - Mr. Pip
  • #34,293
  • Nov 17, 2017 6:28am Nov 17, 2017 6:28am
Quoting Supreme1394
{quote} SL moved to breakeven after a strong bear candle formed {image}
Locked in 27 points, don't like price struggling now
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Detach yourself from the value of money - Mr. Pip
  • #34,294
  • Nov 17, 2017 6:31am Nov 17, 2017 6:31am
Quoting Supreme1394
{quote} Locked in 27 points, don't like price struggling now {image}
Got taken out for a small profit
Detach yourself from the value of money - Mr. Pip
  • #34,295
  • Nov 17, 2017 7:15am Nov 17, 2017 7:15am
Quoting PeterT
{quote} I've almost never used limit and stop orders. It could be of help, but as you say not ideal. Thanks for the suggestion :-)
I've had some near perfect entries with limit orders, some that I might not have taken manually (a large candle against the intended direction) or wouldn't have been fast enough. But then on the other hand, sometimes the price have just shot through my area. But I think that in the general limit orders have been profitable for me (the few I have placed in the recent past). Haven't really checked as I mostly trade manually. I just thought about them when you mentioned that you feel rushed to take a trade because of the limitations of being available later. With limit orders you can at least wait until your AOI.

limit stop would be even nicerif your broker offers them (mine doesn't) and have time to check the price once in awhile and cancel the order if the price just shoots through the area. So it won't get triggered with a retrace and you ending up holding a trade that's completely different from the original.
  • #34,296
  • Nov 17, 2017 8:10am Nov 17, 2017 8:10am
My trade on gold: Expected a 1:1 move to the upside. However, due to pre-opening price action and rubbish entry area, I opted to take the small swing.

Update: Should have stick to my initial plan.
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  • #34,297
  • Nov 17, 2017 8:22am Nov 17, 2017 8:22am
Good Morning Traders, Hope everyone is doing well. I've been real busy the last couple of weeks and have not had much time to spend with you all. I will push make make next week better. Happy Friday and I hope you all have a profitable day.
If you fail to plan, you plan to fail.
  • #34,298
  • Nov 17, 2017 8:22am Nov 17, 2017 8:22am
Quoting Bodiddi
Mr. Pip has changed my whole perception of market and order flow and I'm starting to really get into the mindset. These are my stats for for the last few days, today was small winner too. I'm realizing what kind of trader I am and what is possible. Follow rules, follow process, never give up. {image}
Nice work!
If you fail to plan, you plan to fail.
  • #34,299
  • Nov 17, 2017 8:23am Nov 17, 2017 8:23am
Quoting Mr. Pip
Good Morning Traders, Hope everyone is doing well. I've been real busy the last couple of weeks and have not had much time to spend with you all. I will push make make next week better. Happy Friday and I hope you all have a profitable day.
Have a great weekend ahead Mr Pip! Take care and God bless!
  • #34,300
  • Nov 17, 2017 8:29am Nov 17, 2017 8:29am
Quoting Milfortra
{quote} Have a great weekend ahead Mr Pip! Take care and God bless!
Thank you, you guys are doing great!
If you fail to plan, you plan to fail.
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