Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip

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Hello Traders, The next live stream will be Feb 6, 2018. How does that sound?

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Quoting evocpr19

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Wanted initially to trade longer, but have to go. Expected TP would habe been the 26260 area {image}

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Quoting PeterT

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GBPUSD long 58 tick chart A bit messy trade in the beginning. Had a little emotion related problem and stopped the trade manually when I saw a bear candle appear in the direction of my entry. Stupid stupid stupid I entered again to undo my mistake (even if it would turn out to be a loss, I would have followed my rules). At a bit worse price but still acceptable. Adjusted lot size accordingly (14K) Started trailing 144 tick candles when reaching 127 ext and 1:1 harmonic. Bulls stepped on the gas and I moved the SL more aggressively when reaching...

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Quoting Mr. Pip

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P/L Update {image}

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Quoting Mr. Pip

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OK Traders, I've see in the thread a few posts about stats. How to calculate Sharp Ratios and such. Traders, don't get hung up on this. This will not improve your trading. I have seen much improvement in the decision making which has translated into profitability. Your P/L as well as the stats are a by product of good decision making. Let's keep reading and focusing on consistency. I don't care about my stats I only care about my next trade and the decisions I need to make. That's how I trade. That's how I win consistently. You should not need stats...

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Quoting PeterT

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GBPUSD long 58 tick chart A bit messy trade in the beginning. Had a little emotion related problem and stopped the trade manually when I saw a bear candle appear in the direction of my entry. Stupid stupid stupid I entered again to undo my mistake (even if it would turn out to be a loss, I would have followed my rules). At a bit worse price but still acceptable. Adjusted lot size accordingly (14K) Started trailing 144 tick candles when reaching 127 ext and 1:1 harmonic. Bulls stepped on the gas and I moved the SL more aggressively when reaching...

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Quoting evocpr19

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{quote} Happy to see that my analysis was right. I took the last trade on DEMO (since I could not manage the trade live and it was already late & it would be not in line with my trading rules). I cut the trade, since I had to go to work and would not have an internet connection in the meantime. My last trading swing (red line) got never broken & we never got a new "longer term" NSL. NB: The aim is only to show outlines of my thought process of the trades yesterday. I am not saying that you should trade like this or whatever. {image}

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Quoting Sheeep44

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{quote} I have found personally when trailling at 1,21 ext. like you did gives a much better result that just leave SL at BE + 1 ( or whatever +2/+3) and to wait for 1:1 move is completed, you miss some pips on some occassions but on the longer term, trailling agressively from 1,21 ext gives better results, happy we are on the same page!

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Quoting PeterT

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{quote} Yes it's Mr. Pip method to trail decision candles when reaching 127 ext if I'm not mistaking. I start trailing decision candles from 127 ext or 1:1 harmonic completion, whichever comes first. I don't wait for 1:1 to be completed if 127 ext comes first. Not sure if that is according to Mr. Pip method..

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Quoting Mr. Pip

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Long intraday {image}

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Quoting Mr. Pip

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Long intraday {image}

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