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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

  • #36,781
  • Feb 8, 2018 10:10am Feb 8, 2018 10:10am
Quoting Milfortra
{quote} Hi Mr. Pip. You are so quiet. You must have taken the last short on the longer term as it corrected back to structure and continued heading south.
Getting my but kicked today -56 points so far
If you fail to plan, you plan to fail.
  • #36,782
  • Feb 8, 2018 10:28am Feb 8, 2018 10:28am
down 28 points now let's see if I can pull out a BE day out of this mess
If you fail to plan, you plan to fail.
  • #36,783
  • Feb 8, 2018 10:30am Feb 8, 2018 10:30am
Quoting Mr. Pip
{quote} Getting my but kicked today -56 points so far
Ouch. Some of the 233tick candles are 50-60 pips each so very volatile.

I've had a little more luck. The -90 was probably more of a 1:1 Risk:Reward so will learn from that one.

+93, +15, +3 (BE), -62, -2 (BE), +71, -90, +183 = +211
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_08 - all.png Size: 151 KB
  • #36,784
  • Feb 8, 2018 10:32am Feb 8, 2018 10:32am
Quoting Mr. Pip
down 28 points now let's see if I can pull out a BE day out of this mess
I think you will even end up +ve rather then just a BE day only.....
  • #36,785
  • Feb 8, 2018 10:36am Feb 8, 2018 10:36am
Quoting Mr. Pip
{quote} Getting my but kicked today -56 points so far
ouch, me too down 5 points on the ES..
"Luck is when opportunity meets preparation"
  • #36,786
  • Feb 8, 2018 10:45am Feb 8, 2018 10:45am
I started off in the red on YM, but these last couple of swings on the 233 have played out nicely.
+160 on that last swing.
  • #36,787
  • Feb 8, 2018 11:00am Feb 8, 2018 11:00am
YM - took the ABCD into the short at 24539, pressed the button a bit late....
  • #36,788
  • Feb 8, 2018 11:04am Feb 8, 2018 11:04am
Long ES..
Attached Image (click to enlarge)
Click to Enlarge Name: 4A211DC53262467896FF6E3CB3F62F91.png Size: 142 KB
"Luck is when opportunity meets preparation"
  • #36,789
  • Feb 8, 2018 11:13am Feb 8, 2018 11:13am
Hey guys, just wanted to give a shout-out to Mr. Pip. I learned a lot from him, and to this day, I've never met anyone as skilled as him at reading raw price action.
  • #36,790
  • Feb 8, 2018 11:36am Feb 8, 2018 11:36am
Quoting PeteH
{quote} Ouch. Some of the 233tick candles are 50-60 pips each so very volatile. I've had a little more luck. The -90 was probably more of a 1:1 Risk:Reward so will learn from that one. +93, +15, +3 (BE), -62, -2 (BE), +71, -90, +183 = +211 {image}
Excellent trading! I fell out of my trade plan today and discipline went right out the window. I was not the the professional I usually am. I did manage a BE day but on way too many trades and scalped my way back. I let myself down and you all. I will beat myself with my trade plan and be back tomorrow being Mr. Pip again.
If you fail to plan, you plan to fail.
  • #36,791
  • Feb 8, 2018 11:36am Feb 8, 2018 11:36am
Quoting Mr. Pip
{quote} Getting my but kicked today -56 points so far
Hi Mr.Pip I would appreciate your opinion on these trades I normally wouldn't have taken the below trades but since your last live stream I see the order flow differently and it was my first time successfully using a rescue mission! So when I first saw the market at 9am I had it in my mind that the market was looking to achieve a NSH as you can see the swing in the very far left. So I took a buy but price just kept on dropping and dropping. When it almost made a 100% correction (and almost hit my SL) I realized I needed to get out and start looking for shorts. However... the area where I bought was around the 50% so I knew I had to buy again to get a better price since we were past the 78% fibo. In doing so I achieved a better price and successfully got out of the trade at +1.

Now heres where my new outlook has changed. Previously I would have waited to make the short until the market would make a NSL. But I had a lot of confluence... for one the LONG swing didn't finish 1:1 of its previous swing and the smaller swings within the larger swings were also becoming shorter and shorter + price retraced almost 100% of the larger swing. So I took the short on the beautiful rotating candle and ended up with +252 today.

Now my question... was this the right way to think during that time. Was this a risky trade because I didn't wait for the NSL. I learn from criticism and your opinion means a lot to me. Thank you again for your time.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_08.png Size: 107 KB
  • #36,792
  • Feb 8, 2018 11:37am Feb 8, 2018 11:37am
Quoting kaylor54
Hey guys, just wanted to give a shout-out to Mr. Pip. I learned a lot from him, and to this day, I've never met anyone as skilled as him at reading raw price action.
Thank you! He got lost today but will be back tomorrow!
If you fail to plan, you plan to fail.
  • #36,793
  • Feb 8, 2018 11:46am Feb 8, 2018 11:46am
Quoting Mr. Pip
{quote} Excellent trading! I fell out of my trade plan today and discipline went right out the window. I was not the the professional I usually am. I did manage a BE day but on way too many trades and scalped my way back. I let myself down and you all. I will beat myself with my trade plan and be back tomorrow being Mr. Pip again.
In a way, this is comforting. Not because I want to bring successful people down, but because it allows us to see even the best have bad days. Allows us to see we aren't failures if we lose it for a day and discipline is gone. I appreciate you sharing this.
  • #36,794
  • Feb 8, 2018 11:46am Feb 8, 2018 11:46am
Quoting Mr. Pip
{quote} Excellent trading! I fell out of my trade plan today and discipline went right out the window. I was not the the professional I usually am. I did manage a BE day but on way too many trades and scalped my way back. I let myself down and you all. I will beat myself with my trade plan and be back tomorrow being Mr. Pip again.
Thanks for the encouragement Mr Pips. It felt like a good day especially the +183 trade which was a 1:1 harmonic on previous down swing. Glad to hear you got back to BE.
  • #36,795
  • Feb 8, 2018 11:53am Feb 8, 2018 11:53am
Quoting Mr. Pip
{quote} Excellent trading! I fell out of my trade plan today and discipline went right out the window. I was not the the professional I usually am. I did manage a BE day but on way too many trades and scalped my way back. I let myself down and you all. I will beat myself with my trade plan and be back tomorrow being Mr. Pip again.
From us for you!
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2018-02-04 at 22.59.53.jpeg Size: 29 KB
"Luck is when opportunity meets preparation"
  • #36,796
  • Feb 8, 2018 1:03pm Feb 8, 2018 1:03pm
YM - another good day today, loving these big swings.
After my first 7 trades, I was down -124, only to finish +545.

12 Trades
Winners: +15,+129,+160+187+193
Losers: -67,-30,-45
BE: +1,+1,+1,+0
--------------------------------------------
Total: +545

For the week I'm up +1319
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 128 KB
  • #36,797
  • Feb 8, 2018 1:52pm Feb 8, 2018 1:52pm
bad day for me -4,5% lost 4 trades in a row.
GU lost 30 pips..
UJ lost 15 pips..
Lets see what next week brings!
"Luck is when opportunity meets preparation"
  • #36,798
  • Feb 8, 2018 1:56pm Feb 8, 2018 1:56pm
Quoting Sheeep44
bad day for me -4,5% lost 4 trades in a row. GU lost 30 pips.. UJ lost 15 pips.. Lets see what next week brings!
Me too... took a loss on GBPUSD due to a huge spike in price. And on USDJPY I closed my trade way to soon otherwise I would have been in profit
veni vidi vici
  • #36,799
  • Feb 8, 2018 4:45pm Feb 8, 2018 4:45pm
Quoting Milfortra
{quote} The ABCD completion really needs lots of confluence, a good eye and lots of screen time. I have removed this from my trading plan till I am more experience. Just my 2 cents.
This was my, not-in-the-trade-plan-impulsive-trade-of-the-day. I see them work out so often, to the point, that I couldn't stop the finger!
Wow! I've got some experience to gain.
  • #36,800
  • Feb 8, 2018 4:50pm Feb 8, 2018 4:50pm
Quoting Sheeep44
{quote} Do you trade live? I used the superDOM as well, little pain in the ass haha
Some trades are live, this week, not-so-much. I'm a cheap ass, but really should spend some money on the ninjatrader subscription. I agree with it being a pain, especially now with price jumping all over the place, it's hard to enter sometimes. I have missed good trades because of it.
Wow! I've got some experience to gain.
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