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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

  • #35,161
  • Edited 2:28pm Dec 28, 2017 1:37pm | Edited 2:28pm
Quoting Sheeep44
{quote} Thanks for the info nontheless. How long have you been trading buddy?
Long enough to be able to make this statement about an observation.
  • #35,162
  • Dec 28, 2017 2:35pm Dec 28, 2017 2:35pm
Trade #1 of today
EURUSD long
SL was hit by a fraction of a pip.
-28 euro

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  • #35,163
  • Dec 28, 2017 2:46pm Dec 28, 2017 2:46pm
Trade #2 of today
EURUSD short
Explanation in chart
Was trading a correction, took profit at predetermined level
+26.5 euro

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  • #35,164
  • Dec 28, 2017 3:06pm Dec 28, 2017 3:06pm
Quoting Sheeep44
{quote} Still up for around 8% for this month. Yea been trading live haha. Putting a lot of time into this haha, but loving every second of it. Are you day trading or also swing trading? I am currently only day trading and results are a little better when day trading, as long as I don't overtrade .. Also looking forward to a great year! You have been around here for a year now? That is really great, really good persistence, keep going man. 'The only reason people fail at what they are doing, is because they give up before they reach where they want...
Keep up the good work
I'm day trading.
I tried 1 longer term trade and it was successful.
But I like staring at candles and see the buyers and sellers fight each other

I discovered this thread about a year ago and I'm still convinced that it contains all I need to be succesful.
Persistence is the key. So many people come and go in this thread. It's a shame.

Someday we will meet up and talk about the good old struggling times
  • #35,165
  • Dec 28, 2017 4:42pm Dec 28, 2017 4:42pm
Quoting parviz1953
{quote} Hi all: On followup of EURUSD H4 : The movement of price up, passing 1.1900, has invalidated 2 of my predicted potential harmonic pattern, the one still valid is the big Gartley one , and an AB=CD near completion . let's wait and see... {image} I predict the 1.1960-1.1980 would be a good price box to be accepted as AOI for trading short, (major resistannce, ABCD completion,138.2% fib projection), with SL @ 1.1200 and 1st target @ 1.1840, Brake Even @ 1.1900. ( RR of 1:3).
I believe we have a rotational candle, i will go short now (opening price 1.1938).
  • #35,166
  • Dec 28, 2017 4:59pm Dec 28, 2017 4:59pm
My trades today on NQ: (+47 ticks). I wish all a happy new year!
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  • #35,167
  • Dec 29, 2017 4:26am Dec 29, 2017 4:26am
Let this be a lesson again, for myself and for others.
After entry, you can't change your mind.
It's good to read strength and weakness during the trade, but you DO NOT EXIT if you see strength against your trade.

-14 euro is the cost for the lesson.



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  • #35,168
  • Dec 29, 2017 4:39am Dec 29, 2017 4:39am
Quoting PeterT
Let this be a lesson again, for myself and for others. After entry, you can't change your mind. It's good to read strength and weakness during the trade, but you DO NOT EXIT if you see strength against your trade. -14 euro is the cost for the lesson. {image}
Not trading until the new year....
I see your doing well.
Trying to catch up with all the Live Streams for this year
  • #35,169
  • Dec 29, 2017 7:21am Dec 29, 2017 7:21am
Quoting PeterT
Let this be a lesson again, for myself and for others. After entry, you can't change your mind. It's good to read strength and weakness during the trade, but you DO NOT EXIT if you see strength against your trade. -14 euro is the cost for the lesson. {image}

Hi PeterT , you dint trade YM? since you got the ninja trader.

and for this trade you might think of NSL thus finding graceful exit.

thought tick chart on forex look better but still a lot complicated than ym.

i been trading the 3min chart for few days , but found that in between of 24hour i could get 2 or 3 trade on average.

how about the tick chart?
  • #35,170
  • Edited 8:28am Dec 29, 2017 8:15am | Edited 8:28am
Quoting 6288monkey
{quote} Hi PeterT , you dint trade YM? since you got the ninja trader. and for this trade you might think of NSL thus finding graceful exit. thought tick chart on forex look better but still a lot complicated than ym. i been trading the 3min chart for few days , but found that in between of 24hour i could get 2 or 3 trade on average. how about the tick chart?
I personally trade a lower tick chart, to find more entries an hour. Because if I watch the 233 tick EU and 233 tick YM, for every trade on the EU I could get 2-3 trades on the YM. So watching 233 tick chart on the EU is a little too boring for me personally. And I believe it doesn't matter what tick chart you trade, as long as your R:R keeps upward of 1:1, then you should be fine.
"Luck is when opportunity meets preparation"
  • #35,171
  • Dec 29, 2017 8:21am Dec 29, 2017 8:21am
Quoting PeterT
{quote} Keep up the good work I'm day trading. I tried 1 longer term trade and it was successful. But I like staring at candles and see the buyers and sellers fight each other I discovered this thread about a year ago and I'm still convinced that it contains all I need to be succesful. Persistence is the key. So many people come and go in this thread. It's a shame. Someday we will meet up and talk about the good old struggling times
Me too, I love day trading too much, just you and price and keep analyzing and predicting were price will ( most likely ) find S/R due to candle by candle analysis. We should meet up in about 4-5 years from now haha.
"Luck is when opportunity meets preparation"
  • #35,172
  • Dec 29, 2017 8:39am Dec 29, 2017 8:39am
Small stop placements they said, it would be fun, they said..

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"Luck is when opportunity meets preparation"
  • #35,173
  • Dec 29, 2017 11:06am Dec 29, 2017 11:06am
Quoting parviz1953
{quote} I believe we have a rotational candle, i will go short now (opening price 1.1938).
Taken out by SL @1.1200, around 60 pip loss.

AB<<CD and extended even beyond 161.8% projection of AB .
  • #35,174
  • Edited 12:20pm Dec 29, 2017 11:45am | Edited 12:20pm
My trades on NQ: (+241 Ticks)
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  • #35,175
  • Dec 29, 2017 12:13pm Dec 29, 2017 12:13pm
Quoting 6288monkey
{quote} Hi PeterT , you dint trade YM? since you got the ninja trader.
Hey 6288monkey No I wanted to start with a 1000 euro account and YM is just a bit too expensive for that.
Plus I want to be able to make mistakes that don't cost an arm and a leg
So growing the account in forex, then switching to YM, hopefully in 2018.

Quoting 6288monkey
{quote} .. for this trade you might think of NSL thus finding graceful exit.
It's debatable I guess. For me it was a retest, not a NSL.
I was looking for a graceful exit but I'm still convinced that I should not have taken action, regardless of the outcome.

Quoting 6288monkey
{quote} thought tick chart on forex look better but still a lot complicated than ym. i been trading the 3min chart for few days , but found that in between of 24hour i could get 2 or 3 trade on average. how about the tick chart?
The 144-233 tick chart give the same amount of opportunities as 2-3 minute charts in my opinion.
I also think forex PA is less smooth than YM for example.
Plus, the tick volume in YM gives you actual information about the total amount of trades, while in forex it's only the trades with your own broker. If I'm not mistaking.
Can't wait to trade futures, it's just a more stable and professional environment to trade in.
  • #35,176
  • Dec 29, 2017 12:22pm Dec 29, 2017 12:22pm
Quoting evocpr19
My trades on NQ: (+241 Ticks) {image}
Wow you are really raking it in evo!
  • #35,177
  • Dec 29, 2017 12:27pm Dec 29, 2017 12:27pm
Quoting Sheeep44
Small stop placements they said, it would be fun, they said.. {image}
Jeez that's not the kind of continuation you would like to see after your entry
  • #35,178
  • Dec 29, 2017 12:31pm Dec 29, 2017 12:31pm
Hello Traders, while I’m not trading anymore till next year, I wanted to pop in and say a few things. I want to thank all of you for the warm wishes on this holidays season. I also want to wish all of you a very happy New Year and an amazing 2018. I’ve seen great growth from many of you in 2017. I hope the live streams have helped a great deal towards that.

This coming year we will continue to polish your skills and make you all better chart readers. I plan to continue with the live streams and continue molding you into kickass traders. God bless and see you all on the 8 of Jan when I get back from vacation.
If you fail to plan, you plan to fail.
  • #35,179
  • Dec 29, 2017 1:23pm Dec 29, 2017 1:23pm
Quoting Mr. Pip
Hello Traders, while I’m not trading anymore till next year, I wanted to pop in and say a few things. I want to thank all of you for the warm wishes on this holidays season. I also want to wish all of you a very happy New Year and an amazing 2018. I’ve seen great growth from many of you in 2017. I hope the live streams have helped a great deal towards that. This coming year we will continue to polish your skills and make you all better chart readers. I plan to continue with the live streams and continue molding you into kickass traders. God bless...
Damian you wouldn't believe how you drastically improved my trading skills this year.
Although it was not difficult to improve, since I had no skill at all
It is fantastic to see that what was a mystery a year ago is now slowly getting clearer and clearer.
All thanks to you, your thread and its members, your videos.. Thanks a million times!
Wishing you and your family a great new year, filled with luck and love.
Have a great vacation!
Ready for a fantastic new year of trading and learning
  • #35,180
  • Dec 29, 2017 2:01pm Dec 29, 2017 2:01pm
Quoting Mr. Pip
Hello Traders, while I’m not trading anymore till next year, I wanted to pop in and say a few things. I want to thank all of you for the warm wishes on this holidays season. I also want to wish all of you a very happy New Year and an amazing 2018. I’ve seen great growth from many of you in 2017. I hope the live streams have helped a great deal towards that. This coming year we will continue to polish your skills and make you all better chart readers. I plan to continue with the live streams and continue molding you into kickass traders. God bless...
Wish you and your loved ones a happy new year.

Have a great vacation.

God bless you.
One Good Trade
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