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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

  • #34,341
  • Nov 20, 2017 9:57am Nov 20, 2017 9:57am
Took profit on the long term trade.
If you fail to plan, you plan to fail.
  • #34,342
  • Nov 20, 2017 10:37am Nov 20, 2017 10:37am
1 BE for the day
1 winning trade on UJ for the day.
I am done.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY (56 Tick) 2017_11_20.png Size: 72 KB
"Luck is when opportunity meets preparation"
  • #34,343
  • Edited 3:08pm Nov 20, 2017 2:45pm | Edited 3:08pm
Today was painful on Gold. After being close to get hit by SL, I told myself to exercise patience (I did not completely persevered; TP should have been the white box area). Got fed up with the trade and took profit (after being 4 times already in profit with the moves).

Update (second picture): 45min later, price would have hit target area.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot4a.jpg Size: 334 KB
  • #34,344
  • Nov 20, 2017 3:49pm Nov 20, 2017 3:49pm
Quoting evocpr19
Today was painful on Gold. After being close to get hit by SL, I told myself to exercise patience (I did not completely persevered; TP should have been the white box area). Got fed up with the trade and took profit (after being 4 times already in profit with the moves). Update (second picture): 45min later, price would have hit target area. {image} {image}
I also exercised today lack of patience and decisiveness. I took partial profit at 1:1, other part I planed to cover at 161.8% of BC move. when market started to go against me I covered manually immediately, but I have excuse, I was down after 2 trades in 6E....LOL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6E 12-17 (377 Tick) 11_20_2017.jpg Size: 219 KB
Click to Enlarge Name: NQ 12-17 (377 Tick).2 11_20_2017.jpg Size: 198 KB
Always trade your own plan...I don't provide trading signals.
  • #34,345
  • Nov 20, 2017 4:10pm Nov 20, 2017 4:10pm
Quoting Coreg2004
{quote} I also exercised today lack of patience and decisiveness. I took partial profit at 1:1, other part I planed to cover at 161.8% of BC move. when market started to go against me I covered manually immediately, but I have excuse, I was down after 2 trades in 6E....LOL {image} {image}
In hindsight, things look always easier. However, when an entry turns out to not be the best, it is much more complicated to deal with (when do you protect, do you change your TP area,...)
  • #34,346
  • Nov 20, 2017 4:31pm Nov 20, 2017 4:31pm
Quoting evocpr19
{quote} In hindsight, things look always easier. However, when an entry turns out to not be the best, it is much more complicated to deal with (when do you protect, do you change your TP area,...)
My stop-loss is always above/below SH/SL prior to the entry. My TP is in an area of confluence of harmonic patterns completion. If my limit order is not filled b/c market reverses 2-3 ticks earlier I chase and cover manually. In case of NQ today I was spooked by reverse before 3:30 pm (NYTime). In my book of rules, market supposes to trade in the same direction from 3:10 to 3:30 pm and usually does but sometimes not.
Always trade your own plan...I don't provide trading signals.
  • #34,347
  • Nov 21, 2017 1:08am Nov 21, 2017 1:08am
https://www.youtube.com/watch?v=orWFnPIThxQ&t=2618s
  • #34,348
  • Nov 21, 2017 2:32am Nov 21, 2017 2:32am
USDJPY Analysis

Intraday: NSH

- Price made a weak NSH at 1945 yesterday and is retracing since then

Expectation: Price to make a deep correction. There have been developments from the bulls since market open. Will see what price does to get more clarity

Longterm: NSL

- Market is overall bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 211117 5m.JPG Size: 101 KB
Click to Enlarge Name: usdjpy 211117 15m.JPG Size: 118 KB
  • #34,349
  • Nov 21, 2017 2:41am Nov 21, 2017 2:41am
Evening/morning everyone. Lets see what the market brings today.
Damn The Torpedoes, Full Speed Ahead!
  • #34,350
  • Nov 21, 2017 4:33am Nov 21, 2017 4:33am
Went long. Pulled the trigger on GBPUSD. Have to step away from the computer for a while but the SL is in place.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 105 KB
Damn The Torpedoes, Full Speed Ahead!
  • #34,351
  • Nov 21, 2017 5:04am Nov 21, 2017 5:04am
EURUSD M5, expectation NSL
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 35 KB
Detach yourself from the value of money - Mr. Pip
  • #34,352
  • Nov 21, 2017 5:48am Nov 21, 2017 5:48am
Hi Mr. Pip,
I am following this Thread for over a Month now. Watched all your Videos (some twice). Great Job. As I get a little more knowledge about Trading i was asking myself if it would make sense to use DOM/Orderbook to make better decisions regarding Entry/TP aso...?

looking forward to your answer

cheers
  • #34,353
  • Nov 21, 2017 6:12am Nov 21, 2017 6:12am
Quoting Happy_Sniper
{quote} I noticed maybe I misunderstood in the past or maybe I was just fantasizing. That limit stop is something I really would like to have in my toolbox for moments when I have to leave the screen for a short while. Guess I have to try creating an ea for it. Pretty straightforward anyway.
Quoting Earleone
{quote} The description was taken from Ninjatrader. It is possible to use this for entry orders ( not stop ) at spikes during news if Zigzag is expected. If you f.eks in Euro has an expectation for NSL that is strong and you expect an spike to the upside you can place an order that if f.eks 1.1829 is touched place an sell stop order at 1.1820 with stop 1.1835 .
Thanks guys I'll have to take a deeper look at it
  • #34,354
  • Nov 21, 2017 6:26am Nov 21, 2017 6:26am
Quoting Supreme1394
EURUSD M5, expectation NSL {image}
Moved to breakeven at the test of bull support.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 33 KB
Detach yourself from the value of money - Mr. Pip
  • #34,355
  • Nov 21, 2017 7:04am Nov 21, 2017 7:04am
Quoting Supreme1394
{quote} Moved to breakeven at the test of bull support. {image}
Locked in 5 pips above structure at the formation of NSL
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 33 KB
Detach yourself from the value of money - Mr. Pip
  • #34,356
  • Nov 21, 2017 8:38am Nov 21, 2017 8:38am
Quoting Supreme1394
{quote} Locked in 5 pips above structure at the formation of NSL {image}
Got taken out, might look for another short opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 31 KB
Detach yourself from the value of money - Mr. Pip
  • #34,357
  • Nov 21, 2017 9:02am Nov 21, 2017 9:02am
Quoting ElMariachi
Hi Mr. Pip, I am following this Thread for over a Month now. Watched all your Videos (some twice). Great Job. As I get a little more knowledge about Trading i was asking myself if it would make sense to use DOM/Orderbook to make better decisions regarding Entry/TP aso...? looking forward to your answer cheers
Hola,

Not really sure how it could help you. I believe in simplicity so having something else to process may be distracting. For me the chart tells me what I need to know. In the next live stream I will go deeper into decisions and areas of interest. I will announce that date in a few minutes
If you fail to plan, you plan to fail.
  • #34,358
  • Nov 21, 2017 9:12am Nov 21, 2017 9:12am
Hello Traders,

The next live stream will be on the 28 of November. Next Tuesday. We will go deeper into areas of interest and decision making. I'm looking forward to it.
If you fail to plan, you plan to fail.
  • #34,359
  • Nov 21, 2017 9:25am Nov 21, 2017 9:25am
Quoting Mr. Pip
Hello Traders, The next live stream will be on the 28 of November. Next Tuesday. We will go deeper into areas of interest and decision making. I'm looking forward to it.
Looking forward to it too. Thanks for taking the time again.
  • #34,360
  • Nov 21, 2017 9:27am Nov 21, 2017 9:27am
My gold trades today. Not happy about how I managed it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4a.jpg Size: 336 KB
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