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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

  • #36,221
  • Jan 30, 2018 10:03am Jan 30, 2018 10:03am
Out at 45. Good structure there and good rotating candle by the bears
Attached Image (click to enlarge)
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  • #36,222
  • Jan 30, 2018 10:10am Jan 30, 2018 10:10am
Does this look probable?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30ABCD.png Size: 95 KB
Wow! I've got some experience to gain.
  • #36,223
  • Jan 30, 2018 10:14am Jan 30, 2018 10:14am
Quoting Lawnman
Does this look probable? {image}
More than not
If you fail to plan, you plan to fail.
  • #36,224
  • Jan 30, 2018 10:14am Jan 30, 2018 10:14am
Update
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #36,225
  • Jan 30, 2018 10:21am Jan 30, 2018 10:21am
A closer look at the longer term
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #36,226
  • Jan 30, 2018 10:23am Jan 30, 2018 10:23am
Sounds like I better guard this one closely.

Maybe have been trying to make rain with my main swing.
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  • #36,227
  • Jan 30, 2018 10:26am Jan 30, 2018 10:26am
YM - I took 3 early trades, +34, +5, +13 and I've been sitting on the sideline for the last hour and a half. Haven't found this PA convincing.
  • #36,228
  • Jan 30, 2018 10:30am Jan 30, 2018 10:30am
Quoting bmdenton23
YM - I took 3 early trades, +34, +5, +13 and I've been sitting on the sideline for the last hour and a half. Haven't found this PA convincing.


Agreed
Wow! I've got some experience to gain.
  • #36,229
  • Jan 30, 2018 10:31am Jan 30, 2018 10:31am
Quoting AzizLight
Sounds like I better guard this one closely. Maybe have been trying to make rain with my main swing. {image}
Looks good now
Wow! I've got some experience to gain.
  • #36,230
  • Jan 30, 2018 10:32am Jan 30, 2018 10:32am
Got long on the short term risky trade
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30.png Size: 83 KB
If you fail to plan, you plan to fail.
  • #36,231
  • Jan 30, 2018 10:45am Jan 30, 2018 10:45am
Locked in 10
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30.png Size: 85 KB
If you fail to plan, you plan to fail.
  • #36,232
  • Jan 30, 2018 10:46am Jan 30, 2018 10:46am
Currently focusing on more of the higher TF's due to less time on my hands..
Currently up 1,5% from yesterday and still got this trade running from EU.

Couldn't post earlier because I wasn't home. Enjoy!

Focussing on more quality trades instead of trying to make the most % in a month or so. First learning how to trade instead of focussing on the $$ really was an eye-opener for me the last couple of days. Thanks again everyone.
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #36,233
  • Jan 30, 2018 10:48am Jan 30, 2018 10:48am
Ok locked in 20 and got taken so ended up with 30 points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30.png Size: 101 KB
If you fail to plan, you plan to fail.
  • #36,234
  • Jan 30, 2018 10:48am Jan 30, 2018 10:48am
Quoting Mr. Pip
Locked in 10 {image}
Mr pip, may I ask why you only trade 2 contracts, due to the fact that the market is being kind off whack lately? Was just wondering, the good way. Seems like your longer term trades play out pretty well, could you share some of those trades as well, I am really interested! Thanks mate!
"Luck is when opportunity meets preparation"
  • #36,235
  • Jan 30, 2018 10:50am Jan 30, 2018 10:50am
Hello traders. Grateful for advice on attached 2 trades I took today on 233T EurUsd. I have not included the 3rd loser as that was a revenge trade that went wrong.... Apologies for the poor screenshot. I am not very tech savvy. Thank you in advance.
Attached Image(s) (click to enlarge)
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  • #36,236
  • Jan 30, 2018 10:55am Jan 30, 2018 10:55am
I think I got away with one here. It looks like everyone was going long and for a couple of reason I got short and got lucky.

I felt like there was an expectation failure at the green circle and the completion of the following downswing represented a NSL. This represented the swing I was working off of (the green one) and was a bounce off the golden zone for the longer term swing. At the retest of that golden zone I felt like it was a good short.

I was trailing tight-ish when I noticed everyone else still taking longs but in hindsight maybe should have stuck with the plans or at minimum taken profit at the completion of the 1:1.

So, in hindsight, it looks like I got lucky here but in the future had better stick to sharp turnarounds to determine an expectation failure in a similar situation.

I welcome correction and comments.
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  • #36,237
  • Jan 30, 2018 10:59am Jan 30, 2018 10:59am
Long term might be playing out
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  • #36,238
  • Jan 30, 2018 11:01am Jan 30, 2018 11:01am
Quoting Sheeep44
{quote} Mr pip, may I ask why you only trade 2 contracts, due to the fact that the market is being kind off whack lately? Was just wondering, the good way. Seems like your longer term trades play out pretty well, could you share some of those trades as well, I am really interested! Thanks mate!
I share them all the time with you all. I trade 2 contracts because that is a smaller account I use for day trading and I make my money on the longer term. Not because it's more profitable but because I can afford to scale in and have wider stops. Kind of how the big boys do. I will be increasing the intraday here soon to 4 or 6 contracts probably next week.
If you fail to plan, you plan to fail.
  • #36,239
  • Jan 30, 2018 11:12am Jan 30, 2018 11:12am
Quoting SidE1
Hello traders. Grateful for advice on attached 2 trades I took today on 233T EurUsd. I have not included the 3rd loser as that was a revenge trade that went wrong.... Apologies for the poor screenshot. I am not very tech savvy. Thank you in advance. {image} {image}
Hello my friend, Your trades were good entries and in line with the order flow. Unfortunately they were both expectation failures and the two you happened to take. You have to look past these two trades and focus on the next one. Trade the expectation and try not to filter you trades and hurting your expectancy. I had one of those days last week and yesterday's trade erased my whole last week's losers. RR and expectation is what you need to focus on. I hope that helps. I know it get's frustrating at times but we must learn to accept loss and recover.

It's Next!! go and crush your next trade!!!!!!!!!!!!!!!!!!!!!!
If you fail to plan, you plan to fail.
  • #36,240
  • Jan 30, 2018 11:19am Jan 30, 2018 11:19am
+70, +27 today
Total = +97

A good day and I know they won't all be like this but if I had followed the stinkin' rules and left my stops at BE until the 127 I would have done better.
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