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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

  • #35,381
  • Jan 8, 2018 2:51pm Jan 8, 2018 2:51pm
EURUSD
Only got one opportunity on eurusd today.
One entry long.
Price broke longer term structure at 1.2000 and was making a NSL.
Expected price to find support at 138.2% fib ext. Confluence with 161.8 fib ext. of the short term swing.
No good structure to the left or harmonics completing so it was a bit lower probability from the beginning.
But when this kind of trade does work out, the R:R is great so I took it.
It didn't work out this time.
-21 euro.
Next.
Goodnight

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  • #35,382
  • Jan 8, 2018 3:18pm Jan 8, 2018 3:18pm
Quoting PeterT
EURUSD Only got one opportunity on eurusd today. One entry long. Price broke longer term structure at 1.2000 and was making a NSL. Expected price to find support at 138.2% fib ext. Confluence with 161.8 fib ext. of the short term swing. No good structure to the left or harmonics completing so it was a bit lower probability from the beginning. But when this kind of trade does work out, the R:R is great so I took it. It didn't work out this time. -21 euro. Next. Goodnight {image}
Never considered trading a lower tick TF, don't get me wrong but trading 233 tick chart takes really long and sometimes you are in trades for 8-10 hours, at least I was sometimes..
When I switched to a lower tick TF, it really helped me preventing getting bored and trying to get into trades I shouldn't..
Maybe it will help for you as well, and if not, discard the message!
On YM a 233 tick chart will pop up every 1-1,5 min. on forex it takes like 5-6 min, like 3-4 times as long in my opinion. Again don't get me wrong, just trying to help buddy!

I even sometime trade at US close and still able to find 1-2 trades an hour..
"Luck is when opportunity meets preparation"
  • #35,383
  • Jan 8, 2018 3:21pm Jan 8, 2018 3:21pm
Quoting Mr. Pip
{quote} Let's get the whole trading world there! Tell all your trading buddies about it. Let's get the word out! This is the place to learn to trade the right way. Where nothing is hidden and where live trades are taken with real money and no BS. No excuses or cherry picked pairs. Just real price action harmonic trading. It's a shame we only get about 50 of you there. I want more. Help me make it happen.
Just keep doing them and we will reach a lot of viewers in months / years to come, we need to spread the word!
"Luck is when opportunity meets preparation"
  • #35,384
  • Jan 8, 2018 4:27pm Jan 8, 2018 4:27pm
An update on the longer term trade.
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If you fail to plan, you plan to fail.
  • #35,385
  • Jan 8, 2018 5:56pm Jan 8, 2018 5:56pm
Been a lurker on this thread for some time. Not a lot of time to post as I have a day job. But would like to be a part of this and contribute as I can. First off thanks to Mr. Pip as you have changed my life. My dream of becoming a full time trader are progressing everyday. Ill start by posting a trade I took today.
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  • #35,386
  • Jan 9, 2018 1:47am Jan 9, 2018 1:47am
Quoting Mr. Pip
{quote} Let's get the whole trading world there! Tell all your trading buddies about it. Let's get the word out! This is the place to learn to trade the right way. Where nothing is hidden and where live trades are taken with real money and no BS. No excuses or cherry picked pairs. Just real price action harmonic trading. It's a shame we only get about 50 of you there. I want more. Help me make it happen.
Lets do it!
  • #35,387
  • Jan 9, 2018 6:01am Jan 9, 2018 6:01am
An early morning update on the trade from yesterday
Attached Image(s) (click to enlarge)
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If you fail to plan, you plan to fail.
  • #35,388
  • Jan 9, 2018 6:02am Jan 9, 2018 6:02am
See you guys later on in the NY open
If you fail to plan, you plan to fail.
  • #35,389
  • Jan 9, 2018 7:40am Jan 9, 2018 7:40am
https://www.youtube.com/watch?v=kH-IgGueJzg
  • #35,390
  • Jan 9, 2018 8:02am Jan 9, 2018 8:02am
YM Analysis

- Market outlook is overall bullish
- Price completed a ABCD pattern to the upside
- Momentum: Great momentum from the bulls to move price higher
- Projection has increased from the previous high
- Depth is not exactly shallow but the bears were weak in pushing price down and the bulls overpowered them with the new swing
- More accumulation from the bulls so balance favors them

Expectation is a deep correction to my AOI as there is good structure

Lets see how the market opens
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  • #35,391
  • Jan 9, 2018 8:16am Jan 9, 2018 8:16am
Quoting RajD
YM Analysis - Market outlook is overall bullish - Price completed a ABCD pattern to the upside - Momentum: Great momentum from the bulls to move price higher - Projection has increased from the previous high - Depth is not exactly shallow but the bears were weak in pushing price down and the bulls overpowered them with the new swing - More accumulation from the bulls so balance favors them Expectation is a deep correction to my AOI as there is good structure Lets see how the market opens {image}
Nice analysis
we are looking at the same
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  • #35,392
  • Jan 9, 2018 8:20am Jan 9, 2018 8:20am
An update 81 points. Not bad for the first two trading days of the year for me. I will keep it open for a while and see if the expectation will play out.
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If you fail to plan, you plan to fail.
  • #35,393
  • Jan 9, 2018 8:36am Jan 9, 2018 8:36am
Quoting Mr. Pip
An update 81 points. Not bad for the first two trading days of the year for me. I will keep it open for a while and see if the expectation will play out. {image}
Very Nice... The master doing exactly what he preaches.
No emotions at all....
Your already making 2018 a great year for some of us that have been following this thread for a while.
6 trades on USDJPY this year and i have only lost one.
5 Wins
1 loss
  • #35,394
  • Jan 9, 2018 8:39am Jan 9, 2018 8:39am
Short term also looking for longs
If you fail to plan, you plan to fail.
  • #35,395
  • Jan 9, 2018 8:39am Jan 9, 2018 8:39am
Quoting KensTrader
{quote} Very Nice... The master doing exactly what he preaches. No emotions at all.... Your already making 2018 a great year for some of us that have been following this thread for a while. 6 trades on USDJPY this year and i have only lost one. 5 Wins 1 loss
Amazing well done and thank you!
If you fail to plan, you plan to fail.
  • #35,396
  • Jan 9, 2018 8:56am Jan 9, 2018 8:56am
Things happening quickly here
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If you fail to plan, you plan to fail.
  • #35,397
  • Jan 9, 2018 8:58am Jan 9, 2018 8:58am
Quoting Mr. Pip
Things happening quickly here {image}
dito - YM - Long at 25310, I see you moved to B/E a little quicker ?
  • #35,398
  • Jan 9, 2018 9:01am Jan 9, 2018 9:01am
Was taken out at BE and re entered it is a weaker set up but in line with the expectation which has also weakened.
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If you fail to plan, you plan to fail.
  • #35,399
  • Jan 9, 2018 9:04am Jan 9, 2018 9:04am
Quoting bmdenton23
{quote} dito - YM - Long at 25310, I see you moved to B/E a little quicker ?
Yeah we were 3 points from the high so I decided to protect. I don't hold price to absolute perfection 2-3 points is fair
If you fail to plan, you plan to fail.
  • #35,400
  • Jan 9, 2018 9:10am Jan 9, 2018 9:10am
My trades on YM:
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