Ratios & Harmonics: a Different Way to Trade
- #34,944
- Edited 9:41pm Dec 14, 2017 6:02pm | Edited 9:41pm
- | Joined Apr 2016 | Status: Trader | 410 Posts | Online Now
As a follow up to previous post: EURUSD is near its 61.8 target
SL = 1.1730, First Target =1.1850 (Brake Even, at level of B Point), 2nd Target=1.1890 , Reward/Risk ratio for first target around 2:1 .
- #34,958
- Dec 15, 2017 11:57am Dec 15, 2017 11:57am
Dear fellow traders,
Another week in te books.
Monday to wednesday, traded some demo on futures. Nothing concrete as of yet. Still sticking with Forex.
Only traded a bit for yesterday, 1 loser and 1 BE.
Today was a good day though. Did more than 3,50% today.
Third profitable week in a row, up for around 17% so far ( 3 weeks ). Quite good if you ask me.
Green pips to you all!
Another week in te books.
Monday to wednesday, traded some demo on futures. Nothing concrete as of yet. Still sticking with Forex.
Only traded a bit for yesterday, 1 loser and 1 BE.
Today was a good day though. Did more than 3,50% today.
Third profitable week in a row, up for around 17% so far ( 3 weeks ). Quite good if you ask me.
Green pips to you all!
"Luck is when opportunity meets preparation"
- #34,959
- Edited 6:57pm Dec 17, 2017 7:40am | Edited 6:57pm
- | Joined Apr 2016 | Status: Trader | 410 Posts | Online Now
{quote} Following EURUSD H4 from previous post, a back to back new Gartelly is going to form a CD leg....(C point already in Golden Zone) SL = 1.1730, First Target =1.1850 (Brake Even, at level of B Point), 2nd Target=1.1890 , Reward/Risk ratio for first target around 2:1 . {image}
EURUSD H4.
- #34,960
- Edited 9:03am Dec 17, 2017 8:26am | Edited 9:03am
- | Joined Apr 2016 | Status: Trader | 410 Posts | Online Now
Hi Damian, Hello traders:
I want to share my experience and ask you to let me know your ideas and comments.
After more than 2 months of trading following Damian strategy on 5-15 min TF and short term order flow, i noticed that my average staying in trades was around 15 minute, my net profit and loss was around 250$ loss(don't take me wrong, strategy is perfect ,i should try to control my psychology of trading), and you know what, the commission that i paid for those trade were 1850$..!!!
.
So if i am going to pay same commission/lot ,isn't it right, to move to higher time frame of 30 Min and more for trading, for longer stay in a trade and expectation of higher profit target, at least to compensate for the commission.....???(I am convinced that this strategy work as well on higher TF)
I want to share my experience and ask you to let me know your ideas and comments.
After more than 2 months of trading following Damian strategy on 5-15 min TF and short term order flow, i noticed that my average staying in trades was around 15 minute, my net profit and loss was around 250$ loss(don't take me wrong, strategy is perfect ,i should try to control my psychology of trading), and you know what, the commission that i paid for those trade were 1850$..!!!
.So if i am going to pay same commission/lot ,isn't it right, to move to higher time frame of 30 Min and more for trading, for longer stay in a trade and expectation of higher profit target, at least to compensate for the commission.....???(I am convinced that this strategy work as well on higher TF)