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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

  • #38,021
  • Mar 6, 2018 3:29pm Mar 6, 2018 3:29pm
Quoting Mr. Pip
{quote} Hello my friend, I will give you my two ticks. You mentions that your expectation was for a deep correction based on the pattern so I'm wondering why you got bullied into the early entry? Secondly, I see you have what appears to be longer term structure and possible stronger support may be found there. This is my interpretation of the dark grey zone. This would be added confluence on the pattern having a high probability of seeing target or at the very least complex price action and or corrections. Situational awareness is important and...
I understand what you're saying but my trade plan doesn't take into account ABCD patterns and that's what bugs me. I always find situations in the market where I have to either choose to execute my plan and take a hit or try and make a smarter decision but break my rules.
I don't know how to make my plan more "flexible" for this kind of scenarios.
  • #38,022
  • Mar 6, 2018 5:20pm Mar 6, 2018 5:20pm
Quoting x3m-PippiN
{quote} I understand what you're saying but my trade plan doesn't take into account ABCD patterns and that's what bugs me. I always find situations in the market where I have to either choose to execute my plan and take a hit or try and make a smarter decision but break my rules. I don't know how to make my plan more "flexible" for this kind of scenarios.
The essence of price movement is the ABCD. Whenever you trade an expectation you are trading a C to D leg. Besides all this if your traded plan does not account for something then you should not either. what does you trade plan look to capture? How does your process capture the set up? What is your trigger? what elements does your trade plan address? Does your trade plan have holes in it? Is it incomplete? Why are you trying to address elements that are not a part of your plan?

You need to spend some time with these questions and come full circle. Break it down and build it back up.
If you fail to plan, you plan to fail.
  • #38,023
  • Mar 6, 2018 11:17pm Mar 6, 2018 11:17pm
My eur/usd trade of last night. Was taken on another platform based on 89T chart. However past trades don't show op there. I draw in some additional info. Would have been an expectation success. But trailled a bit early, was almost 2 hrs in the trade and was time for bed. otherwise, would have been a bigger winner. But hey, still made 2% on my trade. Which is also the risk that i'm willing to take on any trade. So satisfied after all. Took it according the rules, have been patiently waiting for time to come into my area of interest and all in all, wonderful process. Just one or two of these trades a day keeps the work long term away...
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Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #38,024
  • Mar 6, 2018 11:55pm Mar 6, 2018 11:55pm
Quoting pjotter
My eur/usd trade of last night. Was taken on another platform based on 89T chart. However past trades don't show op there. I draw in some additional info. Would have been an expectation success. But trailled a bit early, was almost 2 hrs in the trade and was time for bed. otherwise, would have been a bigger winner. But hey, still made 2% on my trade. Which is also the risk that i'm willing to take on any trade. So satisfied after all. Took it according the rules, have been patiently waiting for time to come into my area of interest and all in all,...
Congrats
  • #38,025
  • Mar 7, 2018 2:12am Mar 7, 2018 2:12am
GU outlook.
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"Luck is when opportunity meets preparation"
  • #38,026
  • Mar 7, 2018 2:23am Mar 7, 2018 2:23am
Quoting pjotter
My eur/usd trade of last night. Was taken on another platform based on 89T chart. However past trades don't show op there. I draw in some additional info. Would have been an expectation success. But trailled a bit early, was almost 2 hrs in the trade and was time for bed. otherwise, would have been a bigger winner. But hey, still made 2% on my trade. Which is also the risk that i'm willing to take on any trade. So satisfied after all. Took it according the rules, have been patiently waiting for time to come into my area of interest and all in all,...
Patience and trading according to your trade plan is the way to go brother. Build that belief system that ASLONG as we follow our trade plan, losing money ' should ' ben impossible, easier said than done, but you are on your way if you keep trading like this, keep it up!
"Luck is when opportunity meets preparation"
  • #38,027
  • Edited 6:34am Mar 7, 2018 6:05am | Edited 6:34am
Quick trade on YM +51

Update: second entry long got taken out for +21
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  • #38,028
  • Mar 7, 2018 6:22am Mar 7, 2018 6:22am
Hi guys wondering if anyone can clear this up for me
EURUSD
we have a NSH and right away a NSL so would we be expecting a NSL as that's the most recent structure level or still expecting a NSH?

I use Daily to take my analysis and 4 hour to enter
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  • #38,029
  • Mar 7, 2018 6:29am Mar 7, 2018 6:29am
Quoting evocpr19
Quick trade on YM +51 Update: second entry long go taken out for +21 {image}

Great job! What situational awareness did you use to give you the confidence to do this?
Luck has no place in trading. Leave that for the poker table.
  • #38,030
  • Mar 7, 2018 6:37am Mar 7, 2018 6:37am
Quoting Pair-me-up
{quote} Great job! What situational awareness did you use to give you the confidence to do this?
Thank you. I would prefer that you try to tell me why I did this. If you do not want to post it, you can send me your answer via PM. I can still explain it further, if needed.
  • #38,031
  • Mar 7, 2018 6:46am Mar 7, 2018 6:46am
Quoting Neil0163
Hi guys wondering if anyone can clear this up for me EURUSD we have a NSH and right away a NSL so would we be expecting a NSL as that's the most recent structure level or still expecting a NSH? I use Daily to take my analysis and 4 hour to enter {image}
Neil,

You are correct. Your expectation should be a NSL since the previous HL was taken out by the NSL.
Damn The Torpedoes, Full Speed Ahead!
  • #38,032
  • Mar 7, 2018 6:47am Mar 7, 2018 6:47am
Quoting evocpr19
{quote} Thank you. I would prefer that you try to tell me why I did this. If you do not want to post it, you can send me your answer via PM. I can still explain it further, if needed.
O.k. Pm. Sent.
Luck has no place in trading. Leave that for the poker table.
  • #38,033
  • Mar 7, 2018 6:59am Mar 7, 2018 6:59am
Quoting DizzleFX
{quote} Neil, You are correct. Your expectation should be a NSL since the previous HL was taken out by the NSL.
brill thankyou
  • #38,034
  • Mar 7, 2018 7:06am Mar 7, 2018 7:06am
Quoting Pair-me-up
{quote} O.k. Pm. Sent.
Why not enlighten us all?? I am
corius
I Think it was a secund nsl failure that gave believe into a Retest of pre High,,,!??
Are you profitable? I am not... yet...
  • #38,035
  • Mar 7, 2018 7:15am Mar 7, 2018 7:15am
Quoting Pjort
{quote} Why not enlighten us all?? I am corius I Think it was a secund nsl failure that gave believe into a Retest of pre High,,,!??

I basically hypothesized what I had learned from Mr. Pip. And if there was anything that I had missed, I would hope he could point it out to me.

I did write some notes from what I have learned from Mr. Pip thus far.

I sent those notes to Mr. Pip ... kind of like a student turning in homework to be corrected. ha ha ha.. If my homework is correct then I will have more confidence that I am learning it correctly. If I am wrong, then I need to go back and review and study harder.
Luck has no place in trading. Leave that for the poker table.
  • #38,036
  • Mar 7, 2018 7:43am Mar 7, 2018 7:43am
Quoting Pair-me-up
{quote} I basically hypothesized what I had learned from Mr. Pip. And if there was anything that I had missed, I would hope he could point it out to me. I did write some notes from what I have learned from Mr. Pip thus far. I sent those notes to Mr. Pip ... kind of like a student turning in homework to be corrected. ha ha ha.. If my homework is correct then I will have more confidence that I am learning it correctly. If I am wrong, then I need to go back and review and study harder.
I see, but we are all here to learn - good luck with your one to one course, displayed in this forum,,,
Are you profitable? I am not... yet...
  • #38,037
  • Mar 7, 2018 8:04am Mar 7, 2018 8:04am
Quoting Neil0163
Hi guys wondering if anyone can clear this up for me EURUSD we have a NSH and right away a NSL so would we be expecting a NSL as that's the most recent structure level or still expecting a NSH? I use Daily to take my analysis and 4 hour to enter {image}
The most recent expectation is the one we follow. Keep in mind that when we have a NSH and NSL in the same swing the market has a high probability to range some or put in complex corrections.
If you fail to plan, you plan to fail.
  • #38,038
  • Mar 7, 2018 8:05am Mar 7, 2018 8:05am
Quoting Pjort
{quote} I see, but we are all here to learn - good luck with your one to one course, displayed in this forum,,,
You can answer if you want as well. Do not bother what others are doing.


I strongly believe, that if a person is not able to figure out the reasons (good or bad) of a trade on a finished chart, then this is exactly the problem to be solved.
1:1 can trade everybody, but the thing to know is from where.

I did this only to help. I can stop with it.

Update: could add +9, +17 and +16 on YM.
  • #38,039
  • Mar 7, 2018 8:35am Mar 7, 2018 8:35am
Crazy ass market. Looks like a tough one today
If you fail to plan, you plan to fail.
  • #38,040
  • Mar 7, 2018 8:37am Mar 7, 2018 8:37am
Anybody catch that long off the 1:1 completion? I saw it but hesitated
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