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Ratios & Harmonics: a Different Way to Trade

  • #34,601
  • Nov 30, 2017 1:53am Nov 30, 2017 1:53am
https://www.youtube.com/watch?v=mjv87AWdEjw
  • #34,602
  • Nov 30, 2017 2:00am Nov 30, 2017 2:00am
Quoting Mr. Pip
Hello Traders, Here is the link to the live stream. I hope you all enjoyed it and sound the content valuable. Please post your comment and like and subscribe if you have not done so already. https://youtu.be/mMDhJmecd2c
Thanks for taking the time to do the livestream! when you took the trade yesterday i had to leave.. so i will watch the remaining of the video in the weekend
  • #34,603
  • Nov 30, 2017 2:11am Nov 30, 2017 2:11am
USDJPY Analysis

Intraday: NSH

- Market has opened with a NSH and continues

Expectation: Would like price to retrace. Will see what price does in the following hours

Longterm: NSH

- The bears finally ended their run and the bulls dominated yesterday with a 100 pip move
- Confluence between intraday and longterm
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  • #34,604
  • Nov 30, 2017 2:18am Nov 30, 2017 2:18am
NSH BUY
Attached Image
No one wants to be defeated~
  • #34,605
  • Nov 30, 2017 2:56am Nov 30, 2017 2:56am
This one is tricky, pls. help me to analyze...

It is still in NSL, because last down wave did not break 127.2%, last High for NSL is very high...

So there is a NSH in NSL, my expectation for short trade is a short term trade.
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No one wants to be defeated~
  • #34,606
  • Nov 30, 2017 3:12am Nov 30, 2017 3:12am
E/U
Longer term Expectation working Nicely!
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  • #34,607
  • Nov 30, 2017 3:24am Nov 30, 2017 3:24am
Quoting VictorFaria
E/U Longer term Expectation working Nicely! {image}
long term expectation for short trade was hit TP 161.8, most likely to reverse i guess
Attached Image
No one wants to be defeated~
  • #34,608
  • Nov 30, 2017 3:29am Nov 30, 2017 3:29am
Quoting jonirrenicus
{quote} long term expectation for short trade was hit TP 161.8, most likely to reverse i guess {image}
Thank you for your advise.
I will wait a little more watching closely, i moved my order to BE, so risk free trade.
  • #34,609
  • Nov 30, 2017 3:32am Nov 30, 2017 3:32am
Quoting VictorFaria
{quote} Thank you for your advise. I will wait a little more watching closely, i moved my order to BE, so risk free trade.
I just found 161.8 is a magic figure...look at this....lol

near 450 pips reverse...at 161.8
Attached Image
No one wants to be defeated~
  • #34,610
  • Nov 30, 2017 3:33am Nov 30, 2017 3:33am
Quoting Supreme1394
EURUSD M5, expectation NSL {image}
What a long complex correction for this trade, decided to take profit now instead of going to breakeven because if the bulls do find strength I would be taken out. Entered a smaller position yesterday at a better entry, letting that run at breakeven now.
Attached Image (click to enlarge)
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Detach yourself from the value of money - Mr. Pip
  • #34,611
  • Nov 30, 2017 3:38am Nov 30, 2017 3:38am
AU NSH + complex correction

after NSH , 127.2% did not pass and there was a clear NSL in NSH.

but i still give it a try for long trade on last support....any ideas?

I found 50% of the time there is no very clear NSH/L, what should i do? thanks!
Attached Image (click to enlarge)
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No one wants to be defeated~
  • #34,612
  • Nov 30, 2017 3:43am Nov 30, 2017 3:43am
Quoting jonirrenicus
AU NSH + complex correction after NSH , 127.2% did not pass and there was a clear NSL in NSH. but i still give it a try for long trade on last support....any ideas? I found 50% of the time there is no very clear NSH/L, what should i do? thanks! {image}
No offense, but it's really hard to see what's going on in your chart with so many indicators.
Detach yourself from the value of money - Mr. Pip
  • #34,613
  • Nov 30, 2017 4:02am Nov 30, 2017 4:02am
Quoting jonirrenicus
{quote} long term expectation for short trade was hit TP 161.8, most likely to reverse i guess {image}
Well, was worth to wait
Attached Image (click to enlarge)
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  • #34,614
  • Nov 30, 2017 4:06am Nov 30, 2017 4:06am
Quoting Supreme1394
{quote} What a long complex correction for this trade, decided to take profit now instead of going to breakeven because if the bulls do find strength I would be taken out. Entered a smaller position yesterday at a better entry, letting that run at breakeven now. {image}
1-to-1 harmonics achieved, trailing SL above 38.2 now, TP set to 127 extension
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 31 KB
Detach yourself from the value of money - Mr. Pip
  • #34,615
  • Nov 30, 2017 5:29am Nov 30, 2017 5:29am
Quoting Supreme1394
{quote} 1-to-1 harmonics achieved, trailing SL above 38.2 now, TP set to 127 extension {image}
Taken out for 13 pips, followed my trade plan so no problem. Good day.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 32 KB
Detach yourself from the value of money - Mr. Pip
  • #34,616
  • Nov 30, 2017 5:52am Nov 30, 2017 5:52am
Excellent webinar Mr. Pip! What I enjoyed and got the most out of was how you explained your thought process so clearly. It was a benefit that price started to go against you and nearly took you out! You staying with the trade plan and explaining why you were doing so was a huge benefit. Thanks for all you do...
70% expectancy rate with proper SL placement.
  • #34,617
  • Nov 30, 2017 6:02am Nov 30, 2017 6:02am
Quoting Supreme1394
{quote} Taken out for 13 pips, followed my trade plan so no problem. Good day. {image}
Nice and patient trade! But why trail with 38.2% even 1:1 achieved? Never consider using decision candle? Giving back so much pips is painful.
  • #34,618
  • Nov 30, 2017 6:09am Nov 30, 2017 6:09am
oh my oh my, i found my other super favourite thread! i just found this thread!! ok ok i time to learn
  • #34,619
  • Nov 30, 2017 6:13am Nov 30, 2017 6:13am
Quoting lithium1
{quote} Nice and patient trade! But why trail with 38.2% even 1:1 achieved? Never consider using decision candle? Giving back so much pips is painful.
Yes, it's painful to give back so many pips, but the flip side is that I have the opportunity to ride possible trades for extended risk-reward profits. Sometimes it works, sometimes not. I might be considering taking profit straight at 1-to-1 in future though. No I don't use decision candles, just normal trailing.
Detach yourself from the value of money - Mr. Pip
  • #34,620
  • Nov 30, 2017 6:22am Nov 30, 2017 6:22am
Quoting Supreme1394
{quote} Yes, it's painful to give back so many pips, but the flip side is that I have the opportunity to ride possible trades for extended risk-reward profits. Sometimes it works, sometimes not. I might be considering taking profit straight at 1-to-1 in future though. No I don't use decision candles, just normal trailing.
I'm using decision candle to trail once 1:1 or 1.272 achieved. It works better for me emotionally.

Mr Pip also trails with decision candle. He used to trail with 38.2% before. But as long as it works for you it's fine. No one trades exactly the same way.
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