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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

  • #34,481
  • Nov 27, 2017 10:33am Nov 27, 2017 10:33am
Quoting Lawnman
{quote} Thanks Tim and Mil, I am trying to identify where the main swing starts on the 233, its a bit unclear due to what I see as a complex correction. I guess sitting on my hands is in order.
Always good to wait. "When in doubt, stay out" is my motto. :-)
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,482
  • Nov 27, 2017 10:34am Nov 27, 2017 10:34am
Quoting evocpr19
{quote} Did you went long on YM today since the start? or what did you take?
My intention was to go long, but I missed my preferred entry in my area of expectation due to a conference call this morning for work. :-( I'll get the next one, the market is still moving.
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,483
  • Nov 27, 2017 10:36am Nov 27, 2017 10:36am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 45 KB
If you fail to plan, you plan to fail.
  • #34,484
  • Nov 27, 2017 10:40am Nov 27, 2017 10:40am
Update locked in 50 points now I'll give it more room
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 33 KB
If you fail to plan, you plan to fail.
  • #34,485
  • Nov 27, 2017 10:41am Nov 27, 2017 10:41am
P/L update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #34,486
  • Nov 27, 2017 10:50am Nov 27, 2017 10:50am
Out at +50 points $7,265
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 55 KB
If you fail to plan, you plan to fail.
  • #34,487
  • Edited 11:07am Nov 27, 2017 10:53am | Edited 11:07am
Quoting RajD
{quote} short at 111.117 Locking in 45 pips {image}
Locked 15 pips profit
  • #34,488
  • Nov 27, 2017 10:59am Nov 27, 2017 10:59am
Quoting Mr. Pip
Out at +50 points $7,265 {image}
Ridiculous, you just made more than my entire account balance in a single trade. I both hate you and love you at the same time. :-)
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,489
  • Nov 27, 2017 11:08am Nov 27, 2017 11:08am
Quoting RajD
{quote} Locked 15 pips profit
Out at +15.

Good night
  • #34,490
  • Nov 27, 2017 11:10am Nov 27, 2017 11:10am
Quoting Timwelch
{quote} Ridiculous, you just made more than my entire account balance in a single trade. I both hate you and love you at the same time. :-)
He tends to that .... ALOT !
  • #34,491
  • Nov 27, 2017 11:52am Nov 27, 2017 11:52am
Quoting Timwelch
{quote} Ridiculous, you just made more than my entire account balance in a single trade. I both hate you and love you at the same time. :-)
Beginners luck
If you fail to plan, you plan to fail.
  • #34,492
  • Nov 27, 2017 11:54am Nov 27, 2017 11:54am
Guys I’m sorry but I rather not rush to do the live stream tomorrow. I will do it on Wednesday. I want to do it right. Sorry if this screws anyone. It will be recorded and posted anyway.
If you fail to plan, you plan to fail.
  • #34,493
  • Nov 27, 2017 12:42pm Nov 27, 2017 12:42pm
Quoting Mr. Pip
Out at +50 points $7,265 {image}
Awesome execution. May I ask the reasons for entering the trade? I don't have access to the YM charts so I can't tell, but it looks to me that the expectation should be a NSH?
Detach yourself from the value of money - Mr. Pip
  • #34,494
  • Nov 27, 2017 1:10pm Nov 27, 2017 1:10pm
Quoting Supreme1394
{quote} Awesome execution. May I ask the reasons for entering the trade? I don't have access to the YM charts so I can't tell, but it looks to me that the expectation should be a NSH?
It was a NSH and an ABCD completion.
If you fail to plan, you plan to fail.
  • #34,495
  • Nov 27, 2017 1:47pm Nov 27, 2017 1:47pm
took two trades.
trade #1: as you can see bulls were weakening and the candle before my entry candle had a huge wick, at key structure ( green zone )
trade #2: Bulls had a last uppush and got weaker near my AOI ( last bullish engulfing candle ), patiently waited for my rotation candle. Got an AB=CD pattern a little higher up which didn't fully completed.
Two pain free trades, days like these are just pure gold. But don't let your highs get too high and your lows too low.

#moneymonday

Have a nice evening all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD (56 Tick) 2017_11_27.png Size: 80 KB
"Luck is when opportunity meets preparation"
  • #34,496
  • Nov 27, 2017 2:41pm Nov 27, 2017 2:41pm
Not a very successful day.
Not very good trading either.
Ended with a slight loss.
-25 euro +1 euro +20 euro

Attached Image (click to enlarge)
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  • #34,497
  • Nov 27, 2017 2:43pm Nov 27, 2017 2:43pm
Quoting Mr. Pip
Guys I’m sorry but I rather not rush to do the live stream tomorrow. I will do it on Wednesday. I want to do it right. Sorry if this screws anyone. It will be recorded and posted anyway.
Not a problem at all. I'll be there!
Damn The Torpedoes, Full Speed Ahead!
  • #34,498
  • Nov 27, 2017 3:10pm Nov 27, 2017 3:10pm
Quoting Milfortra
{quote} ... If still in doubt, just sit on your hands.
I think that is good advice. I should do that more often
  • #34,499
  • Nov 27, 2017 3:27pm Nov 27, 2017 3:27pm
Quoting PeterT
Not a very successful day. Not very good trading either. Ended with a slight loss. -25 euro +1 euro +20 euro {image}
Hi Peter,

Honestly, I do not think that your trades were bad. The only trade that I would not have taken is the one were you can see the acceleration in price on the second leg (rectangle in picture) which would show that a long is not the best idea.

NB: This is a rule which I try to follow, minor 1:1 with price acceleration on the second leg => Do not trade in opposite direction (good for me to write it sometimes)
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  • #34,500
  • Nov 27, 2017 3:32pm Nov 27, 2017 3:32pm
GBPUSD Long
Expectation NSH
Had a very deep correction.
Entry at 88.6% correction.
Also 61.8% correction of large ABCD-pattern
Also two harmonic completions intraday.
There was good buying from the blue area previously.
May not be the highest probability trade,
but very good R:R so I went for it.

Attached Image (click to enlarge)
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