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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

  • #35,261
  • Jan 5, 2018 10:01am Jan 5, 2018 10:01am
Quoting gazd
{quote} Love your analysis RajD, thanks for sharing!

Thanks bro

All the credit goes to Damian for being such a good mentor and teacher.
  • #35,262
  • Jan 5, 2018 10:19am Jan 5, 2018 10:19am
Quoting RajD
{quote} Long
Update

- Would like price to get pass that blue structure as the bears have defended that area successfully.
- i would like to get to break even but will trust my trade and wait for price to get to structure.
- The market is bullish overall so would like this market to make a NSH
- Will aggressively trail at the 127.2 as the harmonic ends there as well
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_05T.png Size: 55 KB
  • #35,263
  • Jan 5, 2018 10:33am Jan 5, 2018 10:33am
Quoting RajD
{quote} Update - Would like price to get pass that blue structure as the bears have defended that area successfully. - i would like to get to break even but will trust my trade and wait for price to get to structure. - The market is bullish overall so would like this market to make a NSH - Will aggressively trail at the 127.2 as the harmonic ends there as well {image}
Locked in 22. Lot of money on the table.

Put it below the strong structure that i feel should hold

Breaking my rule
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_05Upd2.png Size: 58 KB
  • #35,264
  • Jan 5, 2018 11:14am Jan 5, 2018 11:14am
Quoting RajD
{quote} Locked in 22. Lot of money on the table. Put it below the strong structure that i feel should hold Breaking my rule {image}
- Price respected my structure and Strong bulls followed after

- Harmonic confluence long term and short term at the 127 ext

- Will get aggressive then
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_05Upd3.png Size: 54 KB
  • #35,265
  • Jan 5, 2018 12:27pm Jan 5, 2018 12:27pm
Quoting RajD
{quote} - Price respected my structure and Strong bulls followed after - Harmonic confluence long term and short term at the 127 ext - Will get aggressive then {image}
Locked in 40 pips. It's the end of my session as well
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_05Upd4.png Size: 40 KB
  • #35,266
  • Jan 5, 2018 12:39pm Jan 5, 2018 12:39pm
Quoting RajD
{quote} Locked in 40 pips. It's the end of my session as well {image}
Congrats.
  • #35,267
  • Jan 5, 2018 12:49pm Jan 5, 2018 12:49pm
Quoting RajD
{quote} Locked in 40 pips. It's the end of my session as well {image}
Out at 53
  • #35,268
  • Jan 5, 2018 2:02pm Jan 5, 2018 2:02pm
3 Trades today on the YM
+8, +22, +44
74 points for the day.
  • #35,269
  • Edited Jan 6, 2018 1:17pm Jan 5, 2018 3:35pm | Edited Jan 6, 2018 1:17pm
EURUSD +37 euro, +1.5 euro, -10 euro

Second trade unfortunately I exited manually because I thought I measured the fibs wrong. Afterwards I saw that they were right. Could have been a nice trade.

Third trade really unnecessary trade. One emotion I have a hard time getting rid of is the hunger for one more trade before the weekend begins. Sometimes I try to squeeze one more trade out of it. I really need to stop doing that.

Still good day and very good week. Only 3 days of trading and made 113 euro, or +11.3% of original account balance.
I lost 20% from October until December.
So heading in the right direction now, let's hope I can keep it up.

Have a nice weekend!

Attached Image (click to enlarge)
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  • #35,270
  • Jan 5, 2018 4:07pm Jan 5, 2018 4:07pm
I havent found much success on short time frame 5M on FX market. I will still trade FX on bigger time frames 15M or 1H.(it works much bette in my opinion) For intraday trading i am opening the Futures account and moving accross to NT, as some of you already considering that option too. I think its make more sence for my learning if i want to follow Mr pips way of trading.
  • #35,271
  • Jan 5, 2018 9:16pm Jan 5, 2018 9:16pm
Quoting evocpr19
{quote} Congrats.
Thanks bro
  • #35,272
  • Jan 6, 2018 12:53pm Jan 6, 2018 12:53pm
Well Traders, back from vacation and ready to start crushing it on Monday. Very nice trading from you all I see the year has started out well for you guys. Looking forward to talking to you all.
If you fail to plan, you plan to fail.
  • #35,273
  • Jan 6, 2018 1:39pm Jan 6, 2018 1:39pm
Quoting Mr. Pip
Well Traders, back from vacation and ready to start crushing it on Monday. Very nice trading from you all I see the year has started out well for you guys. Looking forward to talking to you all.
Welcome back! Hope you had a great time with your family over the holidays!
  • #35,274
  • Jan 6, 2018 1:54pm Jan 6, 2018 1:54pm
Quoting gazd
{quote} Welcome back! Hope you had a great time with your family over the holidays!
It was great now back to work!
If you fail to plan, you plan to fail.
  • #35,275
  • Jan 6, 2018 3:00pm Jan 6, 2018 3:00pm
Quoting PeterT
EURUSD +37 euro, +1.5 euro, -10 euro Second trade unfortunately I exited manually because I thought I measured the fibs wrong. Afterwards I saw that they were right. Could have been a nice trade. Third trade really unnecessary trade. One emotion I have a hard time getting rid of is the hunger for one more trade before the weekend begins. Sometimes I try to squeeze one more trade out of it. I really need to stop doing that. Still good day and very good week. Only 3 days of trading and made 113 euro, or +11.3% of original account balance. I lost 20%...
Nice week buddy, you seem to improve more and more as we progress, like we all are!
I am up 2,53% this week. Was up 8% last month, so also going in the right direction. Only traded 2 or 2 days though..
"Luck is when opportunity meets preparation"
  • #35,276
  • Jan 6, 2018 3:05pm Jan 6, 2018 3:05pm
Quoting RajD
{quote} Locked in 22. Lot of money on the table. Put it below the strong structure that i feel should hold Breaking my rule {image}
That is what is holding me back from trading YM, the risk on the table. I cant afford to risk over 500-1000$ a trading session.. I believe trading futures is a lot better, but going to build my accont up first, with being longer term succesful trading FX, even though how much it stinks from time to time.. And maybe in a year or so change to better things.
I see your trading is going quite well on the YM. Congrats.

Green pips.
"Luck is when opportunity meets preparation"
  • #35,277
  • Jan 6, 2018 3:26pm Jan 6, 2018 3:26pm
Quoting Mr. Pip
{quote} It was great now back to work!
Damian,

I was wondering, for how long did you day trade the forex market? Until like 2015 am I right?
"Luck is when opportunity meets preparation"
  • #35,278
  • Jan 6, 2018 3:35pm Jan 6, 2018 3:35pm
I want everyone to choose!
Attached Image (click to enlarge)
Click to Enlarge Name: B268204D-31DC-4E05-A489-7803034611F4.jpeg Size: 128 KB
If you fail to plan, you plan to fail.
  • #35,279
  • Edited 5:08pm Jan 6, 2018 4:49pm | Edited 5:08pm
Attached File(s)
File Type: ex4 parviz trendfibv3.ex4   15 KB | 363 downloads

good evening everyone and happy new year to all!
just wanted to give an update on the indicator that parviz1953
posted before Xmas I have had it up and running on a 5 min chart
for about 10 days or more works great!
just like the man said
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdpro-m5-gain-capital-group.png Size: 33 KB
Attached File(s)
File Type: tpl parviztick.tpl   42 KB | 303 downloads
  • #35,280
  • Edited 5:44pm Jan 6, 2018 5:26pm | Edited 5:44pm
Quoting dogdays713
{file} good evening everyone and happy new year to all! just wanted to give an update on the indicator that parviz1953 posted before Xmas I have had it up and running on a 5 min chart for about 10 days or more works great! just like the man said{image} {file}
Thanks a lot man:
This is the only true feedback that i did get since i posted the indicator (and have been downloaded more than 60 times), i thought that nobody even care to do so, and that was really disappointing.
Thanks again for what you did.

PS: Please download the new version , v4 (post#35194) and enjoy, few bugs that might cause problem in long term run, have been fixed ( as far as i was able to test), now you may choose bars colors and also you have tick number displaying on the chart.
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