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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

  • #37,261
  • Feb 21, 2018 5:56pm Feb 21, 2018 5:56pm
Well.... I was down on a few trades... but by the end I came out positive. I liked the video that Mr.Pip just posted. Still learning how to read the expectations more accurately though.
Luck has no place in trading. Leave that for the poker table.
  • #37,262
  • Feb 21, 2018 6:01pm Feb 21, 2018 6:01pm
Mr. Pip, I can't wait for the live stream! Emotions are definitely a huge weakness for me, I have always considered myself to be disciplined and to exhibit above average self control... Until I started trading! It blows me away how impulsive and foolish am.

I love this thread, it is a no-bullshit support group!

Thank you Damian and everyone else who contributes.
Wow! I've got some experience to gain.
  • #37,263
  • Feb 21, 2018 6:21pm Feb 21, 2018 6:21pm
Quoting Bigindoda
{quote} Really looking forward to your next video about the mindset. I think that is why 95% fail in this business. I am interested in how do you handle your losses (even loss months, because it is part of the game) and How did you get to this level?.. The emotionless trading. How did you changed your mindset to thinking long-term? How do you stayed disciplined over the years? So Mr.Pip How did you do this and what do you think about these? The mindset is the most important topic in forex.
Excellent questions, I will use these as a guide.
If you fail to plan, you plan to fail.
  • #37,264
  • Feb 21, 2018 6:22pm Feb 21, 2018 6:22pm
Quoting Lawnman
Mr. Pip, I can't wait for the live stream! Emotions are definitely a huge weakness for me, I have always considered myself to be disciplined and to exhibit above average self control... Until I started trading! It blows me away how impulsive and foolish am. I love this thread, it is a no-bullshit support group! Thank you Damian and everyone else who contributes.
Welcome and I echo the comment thank you all. Let’s continue to leave the bullshit outside before walking in.
If you fail to plan, you plan to fail.
  • #37,265
  • Feb 21, 2018 6:42pm Feb 21, 2018 6:42pm
Quoting Mr. Pip
{quote} Nice, I had to rescue my longer term short and got out with almost 10K of profit. The dynamics of the trade had changed and I had to rescue my soldiers. Left tons and tons on the table but a rescue mission is a rescue mission.
Yep, hate that situation when you are glad to get out of a trade with something as it has been against you for so long, then you TP and it rallies in your favour more. That said, $10k is still a great return!!

Looking forward to the video, although will be working so will catch it after its uploaded
  • #37,266
  • Feb 21, 2018 6:55pm Feb 21, 2018 6:55pm
Well... since yesterday -127 tick day today I was a little trigger shy. I ended up with +51. It seems YM is a battlefield just like last week. I traded emotionally yesterday and exited 4 positions that would have ended up going in my favour. I right and screenshot every trade and chart I take at the end of the day and the things I need to improve on for the next trading day and relook it the next trading morning. Anyways, today I didn't exit any trades prematurely. I have found that when I'm up on a win Im hesitant to get back in the market, I don't want to give my green pips away which in return makes me miss opportunities so thats another issue Im working on. As you can see in the chart I could have gotten 100 ticks+. Oh well. My account is currently down -22% ouch.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_21.png Size: 106 KB
  • #37,267
  • Feb 21, 2018 7:47pm Feb 21, 2018 7:47pm
Quoting Prock
Well... since yesterday -127 tick day today I was a little trigger shy. I ended up with +51. It seems YM is a battlefield just like last week. I traded emotionally yesterday and exited 4 positions that would have ended up going in my favour. I right and screenshot every trade and chart I take at the end of the day and the things I need to improve on for the next trading day and relook it the next trading morning. Anyways, today I didn't exit any trades prematurely. I have found that when I'm up on a win Im hesitant to get back in the market, I don't...
Hang in there, trade your plan. Follow your rules
If you fail to plan, you plan to fail.
  • #37,268
  • Feb 21, 2018 9:29pm Feb 21, 2018 9:29pm
Quoting Mr. Pip
{quote} Excellent questions, I will use these as a guide.
Getting more and more excited with the next video as this is unchartered area which Mr. Pip has not covered before in his previous sessions. Thanks in advance again, Damian, for doing this.
  • #37,269
  • Feb 22, 2018 7:13am Feb 22, 2018 7:13am
GM Guys!
Just Long YM
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  • #37,270
  • Feb 22, 2018 7:36am Feb 22, 2018 7:36am
Not Taken out by 1 Point, Let's see
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  • #37,271
  • Feb 22, 2018 7:44am Feb 22, 2018 7:44am
GM Traders, some of you who are contacts of mine on Skype got a link from me. Please be aware that it did not come from me and my Skype account may be compromised. I apologize and do not know the origin or content. Please do not click on the link as it might be a virus or something else.
If you fail to plan, you plan to fail.
  • #37,272
  • Feb 22, 2018 7:54am Feb 22, 2018 7:54am
Trail Stop Reached, +58.
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  • #37,273
  • Feb 22, 2018 8:16am Feb 22, 2018 8:16am
Quoting Mr. Pip
GM Traders, some of you who are contacts of mine on Skype got a link from me. Please be aware that it did not come from me and my Skype account may be compromised. I apologize and do not know the origin or content. Please do not click on the link as it might be a virus or something else.
I used to use Skype many years ago. Nowadays, I use [naver line]. I can upload huge files to me family.. like high quality photos, docs, etc.

You can make phone calls on it to anyone in the world that has wifi or internet connection if they are using it on their computer. You can do video chat.

You can even do a group call. Haven't tried the group call though. And you can set up group chats as well.

Also.. if someone calls you and you don't answer... you can leave a voice message. Oh... and on the regular chat area... you can send recorded messages as well.

There is a one catch though... you must have a computer or a smart phone. ha ha ha. And it can be used on tablets as well. https://line.me/en/ here is more detailed info https://en.wikipedia.org/wiki/Line_(software)
Luck has no place in trading. Leave that for the poker table.
  • #37,274
  • Feb 22, 2018 8:21am Feb 22, 2018 8:21am
Quoting Pair-me-up
{quote} I used to use Skype many years ago. Nowadays, I use [naver line]. I can upload huge files to me family.. like high quality photos, docs, etc. You can make phone calls on it to anyone in the world that has wifi or internet connection if they are using it on their computer. You can do video chat. You can even do a group call. Haven't tried the group call though. And you can set up group chats as well. Also.. if someone calls you and you don't answer... you can leave a voice message. Oh... and on the regular chat area... you can send recorded...
Thank you!
If you fail to plan, you plan to fail.
  • #37,275
  • Feb 22, 2018 8:27am Feb 22, 2018 8:27am
Quoting VictorFaria
Trail Stop Reached, +58. {image}
Nice trade. Congrats
  • #37,276
  • Feb 22, 2018 8:33am Feb 22, 2018 8:33am
Quoting evocpr19
{quote} Nice trade. Congrats
Thank you my Friend.
  • #37,277
  • Feb 22, 2018 8:37am Feb 22, 2018 8:37am
Going to be another roller coaster of a day.
If you fail to plan, you plan to fail.
  • #37,278
  • Feb 22, 2018 8:37am Feb 22, 2018 8:37am
Live Stream will be Tuesday 27 of Feb.
If you fail to plan, you plan to fail.
  • #37,279
  • Feb 22, 2018 8:44am Feb 22, 2018 8:44am
Quoting Mr. Pip
Live Stream will be Tuesday 27 of Feb.
Thank you Mr. Pip!
  • #37,280
  • Feb 22, 2018 8:46am Feb 22, 2018 8:46am
I got short on the longer term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_02_22.png Size: 56 KB
If you fail to plan, you plan to fail.
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