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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

  • #36,001
  • Jan 26, 2018 7:21am Jan 26, 2018 7:21am
I'm staying in. Hold breath and hope you don't get squashed.
Expectation is still expectation

He who does not agree, please speak and convince me within the next 9 minutes
  • #36,002
  • Jan 26, 2018 7:24am Jan 26, 2018 7:24am
Oh no...he's sitting down for a conversation. Moving in the stops tighter.
  • #36,003
  • Jan 26, 2018 7:25am Jan 26, 2018 7:25am
Quoting AzizLight
Oh no...he's sitting down for a conversation. Moving in the stops tighter.
  • #36,004
  • Jan 26, 2018 7:29am Jan 26, 2018 7:29am
Quoting Mr. Pip
{quote} See it the same way
but after the NSL is acomplished doesnt the white circle become the last LH?
  • #36,005
  • Jan 26, 2018 7:33am Jan 26, 2018 7:33am
Okay...stopped out at -17.

That'll teach me to at least read the headlines in the morning.
  • #36,006
  • Jan 26, 2018 7:35am Jan 26, 2018 7:35am
Quoting mansan
Currently short USDJPY {image}
Stopped out...moved to BE to soon
Attached Image (click to enlarge)
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veni vidi vici
  • #36,007
  • Jan 26, 2018 7:36am Jan 26, 2018 7:36am
Quoting AzizLight
Okay...stopped out at -17. That'll teach me to at least read the headlines in the morning.
Lesson learned. Next trade ;-)
  • #36,008
  • Jan 26, 2018 7:39am Jan 26, 2018 7:39am
Ok so we had the news and Mr. Trump is done speaking, can we now get to business please and move up?
Thanks bulls, appreciate it.

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  • #36,009
  • Jan 26, 2018 7:47am Jan 26, 2018 7:47am
Quoting PeterT
{quote} Lesson learned. Next trade ;-)
Indeed. And it looks like my original trade is starting to play out so two lessons for the price of one.
  • #36,010
  • Jan 26, 2018 7:53am Jan 26, 2018 7:53am
Quoting PeteH
{quote} Hi PeteT, I'm new to Forexfactory and have been studying the posts from Mr. Pip on this thread and listening to his various videos since the start of the year. First up, Thanks for the work Mr. Pip, it's taught my a lot about how to read charts! I'm from the UK and this morning noticed the same trade as yours (GBPUSD). I got in at about 11.23am (GMT) on what I thought might be a reversal candle, see image attached. Forgive me if my image is not view-able (my first post). I'm aiming for the 1.43000 (round number) and sticking to trade plan...
PeteH I'm sorry I did not notice your post, for some reason it was not visible in my notifications list!
So you got in the same trade as me. Congratulations, you must also be eating chunks out of your desk by now
  • #36,011
  • Jan 26, 2018 7:58am Jan 26, 2018 7:58am
It's possibly about to get even worse..

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  • #36,012
  • Jan 26, 2018 8:08am Jan 26, 2018 8:08am
Quoting PeterT
It's possibly about to get even worse.. {image}
I think the moderators wanted to verify the post first so it did not show initially. I hit the stop loss at 1.4213. Looks like the bears have taken charge now. On to the next trade.


I think the moderators wanted to verify the post first. I hit the stop loss at 1.4213. Looks like the bears have taken charge now.
Attached Image (click to enlarge)
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  • #36,013
  • Jan 26, 2018 8:09am Jan 26, 2018 8:09am
Looks like this could be the start of a long retracement on YM
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  • #36,014
  • Jan 26, 2018 8:19am Jan 26, 2018 8:19am
Hello Traders, let's see if we can have some fun today. Remember to make sure you do what you can to attend the live stream on the 6 of Feb. Subscribe, like and share. The goal is to create awareness and help as many Traders find this thread and videos.
If you fail to plan, you plan to fail.
  • #36,015
  • Jan 26, 2018 8:29am Jan 26, 2018 8:29am
After a long journey SL was finally hit.
I was hoping this would turn out to be an example of how you get rewarded when you stick with your trade.
But it didn't.
Still, you should stick with your trade. Better examples will follow

-38 pips or -34 euro

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  • #36,016
  • Jan 26, 2018 8:31am Jan 26, 2018 8:31am
Quoting mansan
{quote} Stopped out...moved to BE to soon {image}

IŽll take that back... My stop was where the blue line is... If I left it there I would have been stopped out and then watch the price go done ...that would have been painfull
Attached Image (click to enlarge)
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veni vidi vici
  • #36,017
  • Jan 26, 2018 8:33am Jan 26, 2018 8:33am
Quoting PeterT
After a long journey SL was finally hit. I was hoping this would turn out to be an example of how you get rewarded when you stick with your trade. But it didn't. Still, you should stick with your trade. Better examples will follow -38 pips or -34 euro {image}
Yeah to bad. Really thought that area would hold...blame it one the news
veni vidi vici
  • #36,018
  • Jan 26, 2018 8:35am Jan 26, 2018 8:35am
MY NQ trade: (+104 ticks)
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  • #36,019
  • Jan 26, 2018 8:42am Jan 26, 2018 8:42am
Hindsight shows I need to check the longer term harmonics before trading everyday.

On that note I wanted to know if any of you have a rule of thumb about entering at a particular point in a long term swing.

On the chart, I entered the trade this morning in what was essentially the last 25% of the 1:1 completion to the upside on the longer swing. Do any of you have a percentage, etc, cutoff rule for when one should avoid entering a trade on the latter part of a longer term 1:1?

Basically, looking back, even it this trade went in my favor if I took into consideration that the 1:1 longer term was nearly complete this would have been a labored trade into heavy structure. So I'm wondering if, say, one should avoid entering in the last 30% of a major swing or so.

Thanks
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  • #36,020
  • Jan 26, 2018 8:45am Jan 26, 2018 8:45am
YM is just faffing around! Crappy little range.
Wow! I've got some experience to gain.
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