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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

  • #38,061
  • Mar 7, 2018 8:28am Mar 7, 2018 8:28am
That is all for me guys today two trades with 51 points. I'll catch you all tomorrow. Remember the live stream on the 14
If you fail to plan, you plan to fail.
  • #38,062
  • Mar 7, 2018 8:35am Mar 7, 2018 8:35am
Quoting Nikster
I am done for today. took 7 trades and I made a lot of mistakes and didn't take trades that were according to my tradeplan like the long Damian took, so ended up with -110 for today. With backtesting I make tons of money but realtime I am only destroying my account. Here are my todays trades : {image}{image}
well talk about timing,,, you had the right idear many times - just to early
Are you profitable? I am not... yet...
  • #38,063
  • Mar 7, 2018 8:41am Mar 7, 2018 8:41am
One more short
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If you fail to plan, you plan to fail.
  • #38,064
  • Mar 7, 2018 8:45am Mar 7, 2018 8:45am
well i think im just getting worse no idea what im doing seems like im becoming a scalper without even evaluating my trades and i just went in again and again. too many trades for me to list down today but all in all i did about 12 trades and got a net result of -35

I think im becoming undiscipline and its getting worse.
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  • #38,065
  • Mar 7, 2018 8:46am Mar 7, 2018 8:46am
BE for fun
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If you fail to plan, you plan to fail.
  • #38,066
  • Mar 7, 2018 8:48am Mar 7, 2018 8:48am
Quoting Mr. Pip
BE for fun {image}
Shame on you..unprofessional and undisciplined ....
  • #38,067
  • Mar 7, 2018 8:49am Mar 7, 2018 8:49am
18 points little outside the trade plan scalp. LOL 68 points today catch you all tomorrow.
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If you fail to plan, you plan to fail.
  • #38,068
  • Mar 7, 2018 9:13am Mar 7, 2018 9:13am
Quoting Aluunatic
well i think im just getting worse no idea what im doing seems like im becoming a scalper without even evaluating my trades and i just went in again and again. too many trades for me to list down today but all in all i did about 12 trades and got a net result of -35 I think im becoming undiscipline and its getting worse. {image}
Were you doing better in the past on the 233T?

I find the 89 is harder at times. Too many expectation failures in my opinion. Structure is likely much more important.
  • #38,069
  • Mar 7, 2018 9:19am Mar 7, 2018 9:19am
Quoting Pjort
{quote} well talk about timing,,, you had the right idear many times - just to early
yeah that was most frustrating.
  • #38,070
  • Mar 7, 2018 9:43am Mar 7, 2018 9:43am
Quoting csternfx
{quote} Were you doing better in the past on the 233T? I find the 89 is harder at times. Too many expectation failures in my opinion. Structure is likely much more important.
I think my problem is right now I’m trying to fit price into my plan instead of trading my plan according to what the price is doing
  • #38,071
  • Mar 7, 2018 10:01am Mar 7, 2018 10:01am
Didn't have a lot of time to trade today unfortunately.
-22 +22 +1 so far

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  • #38,072
  • Mar 7, 2018 10:38am Mar 7, 2018 10:38am
YM +31
Looked like an expectation failure and a weak NSH was made.
100% correction and I went long.
SL just below the low.

I was cautious because was not sure if it was really an expectation failure.
Trailed very closely when price reached golden zone for second time.
(hindsight shows now that I could have made 4 times the points lol but ok it is what it is. hindsight is easy.)

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  • #38,073
  • Mar 7, 2018 11:08am Mar 7, 2018 11:08am
Quoting x3m-PippiN
{quote} Shame on you..unprofessional and undisciplined ....
I know shame on me
If you fail to plan, you plan to fail.
  • #38,074
  • Mar 7, 2018 11:24am Mar 7, 2018 11:24am
Quoting Aluunatic
well i think im just getting worse no idea what im doing seems like im becoming a scalper without even evaluating my trades and i just went in again and again. too many trades for me to list down today but all in all i did about 12 trades and got a net result of -35 I think im becoming undiscipline and its getting worse. {image}
Hello Aluunatic,
Settle down we all have these kinds of day. What helps me when I fall off my horse is to stop and read my trade plan again. also work through some structure expectation exercises and get back to your trade plan and process. Hang in there and bounce back strong!!!!! I believe in you!
If you fail to plan, you plan to fail.
  • #38,075
  • Mar 7, 2018 11:27am Mar 7, 2018 11:27am
Quoting Nikster
{quote}yeah that was most frustrating.
Nikster thanks for posting your trades. This could help a lot of traders.
Are you aware what the problem was in your trades?
  • #38,076
  • Mar 7, 2018 11:37am Mar 7, 2018 11:37am
Quoting PeterT
{quote} Nikster thanks for posting your trades. This could help a lot of traders. Are you aware what the problem was in your trades?
Hey Peter I post my trades so I hope others will learn from it and my problems are not that big I think because it are little mistakes I think like waiting for more confirmation, entrering to early because of a big rotationcandle at a strucuturezone but which is not my AIO. I backtested today and yesterday and I can;t remember exactly how prices moved so no cheating and I would have made a lot of profit. I also noticed that priceaction last days is more difficult then the days before but it could be possible that that's not true because I papertrtade and backtest last week and before so no stress at that time.

Oh and please if you see anything in my trading what could be done better or any feedback is welcome.
  • #38,077
  • Mar 7, 2018 12:04pm Mar 7, 2018 12:04pm
Quoting Nikster
{quote} Hey Peter I post my trades so I hope others will learn from it and my problems are not that big I think because it are little mistakes I think like waiting for more confirmation, entrering to early because of a big rotationcandle at a strucuturezone but which is not my AIO. I backtested today and yesterday and I can;t remember exactly how prices moved so no cheating and I would have made a lot of profit. I also noticed that priceaction last days is more difficult then the days before but it could be possible that that's not true because...
Nikster I'm not saying that I know it all, but there were some things that caught my eye when looking at your trades.
Of course, it's just my opinion.
But sometimes it helps to have someone elese's view.
PIC 1:
Trade 1: against expectation. Or you traded the longer term structure, then your SL should have been above it.
Trade 2: early entry. right expectation. Sl in wrong place (should have been around 24720). This was a 100% correction and not an expectation failure imo
Trade 3: So because there was no expectation failure, NSL was the expectation, and trade 3 entry was against expectation.
Trade 4: in line with expectation, BE at structure, = OK

PIC2:
Trade 5: traded ABCD pattern, against expectation, sellers were not there and the trade failed
Trade 6: ok entry, although there were no buyers in the down move so was a little bit riskier. Also I think SL had to be below the low at around 24750, where your first blue line starts, also good structure there. But your SL would have been taken there anyway.
Trade 7: Depending how you look at it maybe. For me, expectation was still NSH and you were shorting into support zone. Eventually the expectation failed and a NSL was made.

I hope it helps in some way. I'm open for other opinions!
All the best to you
  • #38,078
  • Mar 7, 2018 12:11pm Mar 7, 2018 12:11pm
Traded this and it missed my TP by 1 pip then got taken out for BE

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  • #38,079
  • Mar 7, 2018 12:19pm Mar 7, 2018 12:19pm
Quoting PipTrendz
Traded this and it missed my TP by 1 pip then got taken out for BE {image}
Hmm.. My SL was just touched by the spread only. The SL on EU was at 1.2415, the bar high is 1.2414 (mid price). Then it moved to where i wanted. i had deliberately a bigger stop, to give the trade some room...

Wasn't a nice evening on EU. Better tomorrow!
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #38,080
  • Edited 12:34pm Mar 7, 2018 12:23pm | Edited 12:34pm
I'm in short again here, lets see if I can get some profit here.

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Edit: Taken out at BE after being up 30+ pips. Not to be, but that's me done for the day.
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