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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

  • #35,281
  • Jan 6, 2018 8:31pm Jan 6, 2018 8:31pm
Quoting Mr. Pip
I want everyone to choose! {image}
I choose to win!

Somehow the last part resonates with me immensely.

Thanks Damian for this poster to start off 2018!
  • #35,282
  • Jan 6, 2018 8:36pm Jan 6, 2018 8:36pm
Quoting parviz1953
{quote} 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.
Hi Parviz. Don't feel disappointed that you did not get any feed back on your indi. There has been quite a number of downloads so I guess there are many users who have benefited from you work. I have my own tick charts so I don't really need this indi but there are traders out there who just loves their MT4 and MT5. Thanks for sharing and happy trading always!
  • #35,283
  • Jan 7, 2018 12:03am Jan 7, 2018 12:03am
HAPPY NEW YEAR EVERYONE

Its been a long time since i posted in here (been more active on the discord channel) and its been a great year for me and i just want to say thanks you to Mr Pip for your great teaching.

and hello to everyone and hope you guys have a great year ahead as well
  • #35,284
  • Jan 7, 2018 4:32am Jan 7, 2018 4:32am
Quoting Sheeep44
{quote} 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..
Thanks Sheeep. You are also doing well, keep growing!
  • #35,285
  • Jan 7, 2018 5:09am Jan 7, 2018 5:09am
Quoting parviz1953
{quote} 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.
I'm not using MT4 anymore, but great work parviz!
I understand your disappointment.
People take everything for granted and don't even bother thanking, giving feed back or at least giving it a thumb.
It is probably too much to ask.
When Mr. Pip is on the thread posting live trades, sometimes there are 100+ people on the thread.
Yet it is always the same small group of people that is posting and sharing things, and giving thumbs or thanking Mr. Pip or other posters...

Well anyway, keep up the good work and keep sharing!
And to the silent followers and downloaders: get out of your shell and start contributing positively
  • #35,286
  • Jan 7, 2018 7:03am Jan 7, 2018 7:03am
Quoting Sheeep44
{quote} 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.
I'm not risking 500-1000 dollars a trade. That would be crazy for majority of people in this thread. 1 contract is worth US$5/pip. So you do the math. Is it obviously much more when you compare to the FX. But have you tried the YM yet? If not, then that is the first thing you should do because it's not like the fx market. Expectations do play out better, there's more to see in 3 hours than the 10 hours sessions i had with fx. There are no spreads so you can grab every last pip that you can get yours hands on which is something i couldn't do in MT4.

So get yourself a demo account and start familiarizing yourself with it. And make the change when you are ready
  • #35,287
  • Jan 7, 2018 7:13am Jan 7, 2018 7:13am
Quoting Aluunatic
HAPPY NEW YEAR EVERYONE Its been a long time since i posted in here (been more active on the discord channel) and its been a great year for me and i just want to say thanks you to Mr Pip for your great teaching. and hello to everyone and hope you guys have a great year ahead as well
More active on the Discord channel would be an understatement. You are practically there every trading minute from the time the market opens till US lunchtime....

Anyway, for those who are keen to join, here is the link

https://discord.gg/yGUEzue

All credit goes to Pereiraalex who created this group.

Mr. Pip - hope that this is fine with you. If not just let us know and we will stop encouraging traders to join there.
  • #35,288
  • Jan 7, 2018 8:37am Jan 7, 2018 8:37am
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%...
Peter, if I may share my observation....for further references check my post #34,788
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-18 (144 Tick) 1_5_2018.jpg Size: 219 KB
Always trade your own plan...I don't provide trading signals.
  • #35,289
  • Jan 7, 2018 10:00am Jan 7, 2018 10:00am
Quoting RajD
{quote} I'm not risking 500-1000 dollars a trade. That would be crazy for majority of people in this thread. 1 contract is worth US$5/pip. So you do the math. Is it obviously much more when you compare to the FX. But have you tried the YM yet? If not, then that is the first thing you should do because it's not like the fx market. Expectations do play out better, there's more to see in 3 hours than the 10 hours sessions i had with fx. There are no spreads so you can grab every last pip that you can get yours hands on which is something i couldn't...
I know buddy, but the average stop is around 18-24 ticks, and if you trade 1 contract or 2 , on average 3/4 trades a session. And when you do have 4 losers, the impact is much higher mentally, when you are not used to risking 80-120$/€ a trade. I trade FX on very low tick charts, so on average I take the same amount of trades when I would trade the YM, and I can get myself used to risking more every month and month. My win rate currently is around 60-63%, got some bad habits to get rid of, so in the perfect world it would be 65%+, with an average R:R of 1,5-1,65. I really like YM like you stated, and already got a demo account, but pretty confident in FX right now and slowly building my way up.

I agree, when trading 5 min charts on forex is like watching paint dry and would definitely not advise you do that, because you will end up losing money.

Happy that it works for you right now, in a couple of months it will work out for me aswel, just need to start slow before losing my whole account to a fairly newbie mistake <1 year experience. <3 months on this thread.

Green pips .
"Luck is when opportunity meets preparation"
  • #35,290
  • Jan 7, 2018 10:04am Jan 7, 2018 10:04am
Quoting PeterT
{quote} I'm not using MT4 anymore, but great work parviz! I understand your disappointment. People take everything for granted and don't even bother thanking, giving feed back or at least giving it a thumb. It is probably too much to ask. When Mr. Pip is on the thread posting live trades, sometimes there are 100+ people on the thread. Yet it is always the same small group of people that is posting and sharing things, and giving thumbs or thanking Mr. Pip or other posters... Well anyway, keep up the good work and keep sharing! And to the silent...
Nicely said !
"Luck is when opportunity meets preparation"
  • #35,291
  • Jan 7, 2018 2:23pm Jan 7, 2018 2:23pm
Quoting Coreg2004
{quote} Peter, if I may share my observation....for further references check my post #34,788 {image}
Thanks for sharing your observation Coreg2004
My third trade was a complete disaster, it was emotion-driven and it was also wrong.
Your posts and the book you referred to are very helpful thanks again
  • #35,292
  • Jan 7, 2018 5:21pm Jan 7, 2018 5:21pm
Quoting PeterT
{quote} .... And to the silent followers and downloaders: get out of your shell and start contributing positively

  • #35,293
  • Jan 7, 2018 8:43pm Jan 7, 2018 8:43pm
Quoting Mr. Pip
I want everyone to choose! {image}
Luck has no place in trading. Leave that for the poker table.
  • #35,294
  • Jan 8, 2018 12:50am Jan 8, 2018 12:50am
Quoting Sheeep44
{quote} I know buddy, but the average stop is around 18-24 ticks, and if you trade 1 contract or 2 , on average 3/4 trades a session. And when you do have 4 losers, the impact is much higher mentally, when you are not used to risking 80-120$/€ a trade. I trade FX on very low tick charts, so on average I take the same amount of trades when I would trade the YM, and I can get myself used to risking more every month and month. My win rate currently is around 60-63%, got some bad habits to get rid of, so in the perfect world it would be 65%+, with an...

Hi Sheep
Get a good broker and trade YM on CFD , $1 a pip all the benefits less risk maybe this could be usefull, I use Pepper_stone they even have crypto. I am not affiliated but feel your pain always viewing a futures account from afar lol happy pips.
Oh a pipfull new year everyone
  • #35,295
  • Jan 8, 2018 2:02am Jan 8, 2018 2:02am
Happy new year all !!
Looking forward to work together to become the best trader out there
  • #35,296
  • Jan 8, 2018 8:13am Jan 8, 2018 8:13am
https://www.youtube.com/watch?v=ylgXkUN6cQ0
  • #35,297
  • Jan 8, 2018 8:23am Jan 8, 2018 8:23am
YM Pre-Analysis

- Market outlook is overall bullish
- Price did find resistance on the long term structure
- 1:1 completion has been achieved long term
- the main swing is the one drawn

Expectation is a LH (deep correction) to a NSH. There is long term structure at the golden zone. A harmonic complete would be the SOS 3 signal. Lets see what happens when the market opens.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_08ST.png Size: 37 KB
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_08LT.png Size: 57 KB
  • #35,298
  • Jan 8, 2018 8:24am Jan 8, 2018 8:24am
A very good morning traders! Let's see what the market offers today? The first live stream of 2018 will be on Jan 16 mark your calendars and do the impossible to attend. Let's make 2018 the year of breakthrough. Let's obliterate all obstacles and get profitable! I am here to see it through are you here see it through?

Let's get it done!!!!!!!!!
If you fail to plan, you plan to fail.
  • #35,299
  • Jan 8, 2018 8:28am Jan 8, 2018 8:28am
Quoting Mr. Pip
A very good morning traders! Let's see what the market offers today? The first live stream of 2018 will be on Jan 16 mark your calendars and do the impossible to attend. Let's make 2018 the year of breakthrough. Let's obliterate all obstacles and get profitable! I am here to see it through are you here see it through? Let's get it done!!!!!!!!!
Let's do it!
  • #35,300
  • Jan 8, 2018 8:30am Jan 8, 2018 8:30am
Quoting Mr. Pip
A very good morning traders! Let's see what the market offers today? The first live stream of 2018 will be on Jan 16 mark your calendars and do the impossible to attend. Let's make 2018 the year of breakthrough. Let's obliterate all obstacles and get profitable! I am here to see it through are you here see it through? Let's get it done!!!!!!!!!
Lets Go!!!
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