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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

Quoting parviz1953
{quote} Thank you dear Evo: I have seen the chart and still believe it is the "Angel" , look for it, may be she is on right shoulder..... And thank you for correcting my mistake, it is "Holy Grail", but still i believe that you have found it, and it is indeed your trading plan and your trading technique ... Please try to teach us , by elaborating and explaining more on the reasons behind the trades that you are taking, i hope that would not take too much of your time, and would not cause inconvenience....

Parviz1953, Everyone has the holy grail withing themselves. Evocrp19 is the holy grail for himself. Nevertheless, don't forget that when drinking from the holy grail sometimes, you will dribble when drinking from it. What I mean, is that even a dribble is 30% loss, but if you can drink 70% then you won't be thirsty. ha ha ha So, find the holy grail that is within yourself. And continue to go over Mr. Pip's videos and webinars.
Luck has no place in trading. Leave that for the poker table.
Quoting parviz1953
{quote} Thank you dear Evo: I have seen the chart and still believe it is the "Angel" , look for it, may be she is on right shoulder..... And thank you for correcting my mistake, it is "Holy Grail", but still i believe that you have found it, and it is indeed your trading plan and your trading technique ... Please try to teach us , by elaborating and explaining more on the reasons behind the trades that you are taking, i hope that would not take too much of your time, and would not cause inconvenience....
You asked, so to increase the learning effect, you have to tell me reasons for taking those trades. This should be feasible on a finished chart. I can add things which are missing or which I see differently. However, you are the driving force.
Bit of a disaster for me today. My day ends -109 pips. -16, +4, -31, +4, -10, -20, -40.

5 losing trades
2 break even trades.

I have a rule in my trade plan that states that when the trading time finishes then I stop regardless of position. Good luck to everyone else.

Top work again Evocpr19.
Quoting Sheeep44
{quote} Bat is A-B 38,2-50 B-C 28,3 to MAX 88,6 D = 88,6% from X to A. edit: if I remember it correctly. Got them written down somewhere, I use them as confluence.
Thanks Sheep44. You answer like a good shepard, not letting your flock flee to far to get fleeced.
Luck has no place in trading. Leave that for the poker table.
2nd try and getting back on this bull train,

YM - long at 24984
Up +40
Moving to BE - because we're definitely interacting with structure though it is 40 pts below the previous high. Putting myself at risk for a BE but haven't been seeing good continuation during the start of this lunch hour for the past few days.
Quoting Mr. Pip
Hello Traders, I won’t be able to trade with you today. Tomorrow I will be there to mix it up with you all. I hope you all got a chance to see one of the best if not the best stream we have had because it was magical you you all to see what trading psychology really is and having that belief system in place. Catch you all tomorrow my friends.
Thank you very much Damian for the live stream. In fact, this was absolutely the best one.
Great learning about how to control the emotions effectively.
-Ankur
Quoting Pair-me-up
{quote} Parviz1953, Everyone has the holy grail withing themselves. Evocrp19 is the holy grail for himself. Nevertheless, don't forget that when drinking from the holy grail sometimes, you will dribble when drinking from it. What I mean, is that even a dribble is 30% loss, but if you can drink 70% then you won't be thirsty. ha ha ha So, find the holy grail that is within yourself. And continue to go over Mr. Pip's videos and webinars.
too right!
It's in fear when people show what they truly value.
YM - Hanging it up +26 on the day.
I am calling it a night. after losses quite a few losses, my remaining positive points on demo is 141 positive points. Today I practiced drawing my fib extensions. From the end of last week, I decided to practice trading with one skill from Mr. Pip's videos at a time. And then slowly add the next ability. So far, things are becoming more clear. I still have losses, but I am starting to be more aggressive with me BE(s) depending on the price action.
Good night all, and see you Friday night.
Luck has no place in trading. Leave that for the poker table.
Quoting evocpr19
{quote} I am sorry to disappoint you, but there is no magic Holy grail involved. The expectations and SL must be right. It is more about chart reading and harmonic teaching. This is something that can be trained by looking millions of charts. I show you my trades (+234) on a 233T chart, maybe you see it better that way. I see sometimes people taking a long (e.g. at "1") with the expectation of an overall NSH. However, they pay little attention to what immediate PA is saying. Then there is a "wrong" discussion that the trade plan is not working....
Evo,
I'll give it a try:
Trade 1: You had a NSH 24810 -> 24900. You entered long on deep retracement at around 840. I don't know why you closed this trade or how you knew it wouldn't make a NSH.
Trade 2: You were so confident it would reverse that you went short. Closed this trade on a small 1:1
Didn't go long at "1" because of strength of bears on second leg plus it broke NSL on the shorter term
Trade 3: now looking for shorts and a deep correction - got it and trailed at 1:1
Trade 4: Went long on the longer term??
Please give any feedback - Thanks for your time Evo
Quoting evocpr19
{quote} You asked, so to increase the learning effect, you have to tell me reasons for taking those trades. This should be feasible on a finished chart. I can add things which are missing or which I see differently. However, you are the driving force.
Ok Evo:
Let us only focus on the "# 1" long trade for the time being, that you have not taken with confidence, and i surly would have taken it, i will tell my reasons and please you also explain your reasons for not taking it:
1) lets say that time is 12:15 PM, and forget about the rest of the chart for the moment.
2) we have a 233T chart with shows a very clear main bullish swing, then it has corrected down to the 50% of its fibo, now i have a nearly good R:R of 1:1 when by the rule my SL would be below the start point of main swing, and target TP at 127% fibo extension of the main swing.
3) the characteristic of the correction is the best one ,because it run a very classical course downward of a perfect lower order flow AB=CD pattern reaching its D point with 1:1 completion of the two leg.
4) so in summery a 50% fibo correction , with relatively acceptable R:R of 1:1, and confluence of this with completion of a perfect AB=CD , are my reasons for taking this trade.

Now you tell me, why you think that this was a bad idea to enter long at this point?
Quoting parviz1953
{quote} Ok Evo: Let us only focus on the "# 1" long trade, that you have not taken with confidence, and i surly would have taken it i will say my reason and please you also explain your reason for not taking it: 1) lets say that time is 12:15 PM, and forget about the rest of the chart for the moment. 2) we have a 233T chart with shows a very clear main bullish swing, then it has corrected down to the 50% of its fibo, now i have a nearly good R:R of 1:1 when by the rule my SL would be below the start point of main swing. 3) the characteristic of...
Let me approach the "#1" trade from different angle , let say that you are trading on a 89T chart , and are seeing only the shorter order flow of the correction swing downward as your main swing, here you have completion of an AB=CD harmonic pattern and your "#1", is a completed D point of it , here also taking a long is reasonable considering the money management rules of the D point trading(BE at 38.2% fib and having your TP target set at 61.8%) , of course here you have much better R;R and you don't need a large SL and you can set your SL a few pips below the D point.

And here, I can say that with the money management rules that Damain thought us i would be a winner on both scenarios taking "#1" long trade....!!
Quoting parviz1953
{quote} Ok Evo: Let us only focus on the "# 1" long trade, that you have not taken with confidence, and i surly would have taken it i will say my reason and please you also explain your reason for not taking it: 1) lets say that time is 12:15 PM, and forget about the rest of the chart for the moment. 2) we have a 233T chart with shows a very clear main bullish swing, then it has corrected down to the 50% of its fibo, now i have a nearly good R:R of 1:1 when by the rule my SL would be below the start point of main swing. 3) the characteristic of...
Parviz,

Before Evo responds to you let me tell you why I think it would have been a bad idea to go long at "1"

When Evo took the first long trade @24840 (on correction of the main swing), the expectation was for a NSH, but there was expectation failure and the price reversed before attaining NSH, he closed the trade. The price corrected deeper, taking away the previous HL, hence forming a NSL, at this point Evo was now looking for an opportunity to short after correction (my thoughts), the opportunity presented itself and he went short @24860, after the price faced resistance as per the PA on the left....

EVO....mark my homework.
Trade 1 and 2 were taken on the 89T. I saw a 1:1 completion to the downside, back to structure and overall expextation for a NSH. So, I took it. However, whilst trading this up move, I realised that on the swing before (clearest low and high), we just broke to the upside to form a NSH, so would be more likely if price corrects much more. During this up-trade, I paid attention on the high, how price behaved. I saw that price is struggling and exited. I took then short (a bit higher) and traded the micro 1:1, because I was starting to doubt on the direction that price would go. You see, I do not every time everything right. I am not a robot.
After this, I told myself that I should leave the whole for a while.

Trade 3: We broke at "1" structure, so expectation was for a "NSL" but longer term for a "NSH". So waited to see, how price reacts in the upper region. Price struggled & in line with shorter term expectation => "short", expectation 1:1 to the downside (+47).

Trade 4: We just got a 1:1 completion in my AOI (50-61.8 Fib) with overall NSH expectation, or at least a correction of the previous 1:1 => long (+37)

Trade 5: I saw a very likely continuation so "long" for 1:1 and maybe NSH. I was a bit too aggressive a got taken out for +32

Trade 6: We got before a weak NSH, so expected deep correction but overall for a new NSH (expectation 1:1 of main swing from the lowest point). Trailed too aggressively and got taken out for +83.

Thank you Nikster, Pipjr, Parviz, Mukai and Aluunatic for responding.

NB: Later could also add cumulated +55 and +78. Hence, end my day with +367.

Please keep in mind, that I took all decision in realtime with multiple lots entries. We could now spend months to analyse, what could have been better, but this will help nobody.


Hope this helps.
Quoting evocpr19
Trade 1 and 2 were taken on the 89T. I saw a 1:1 completion to the downside, back to structure and overall expextation for a NSH. So, I took it. However, whilst trading this up move, I realised that on the swing before (clearest low and high), we just broke to the upside to form a NSH, so would be more likely if price corrects much more. During this up-trade, I paid attention on the high, how price behaved. I saw that price is struggling and exited. I took then short (a bit higher) and traded the micro 1:1, because I was starting to doubt on the...
Many thanks dear for your time and response, that was indeed what i and many others were expecting from you, it was really clarifying and informative, and i believe this is how everybody can take benefit and learn from this thread.
Quoting parviz1953
{quote} Many thanks dear for your time and response, that was indeed what i and many others were expecting from you, it was really clarifying and informative, and i believe this is how everybody can take benefit and learn from this thread.
You are welcome. I can do this from time to time, but the learning effect will be very limited.

We all know the theory that Mr. Pip is teaching and if you cannot figure it out yourself on a finished chart (I am not talking about making these decisions in "live"), then this is the "problem" which needs to be fixed. I really know what I am talking about from myself.

Please do not feel offended. This is a general remark.
Quoting evocpr19
Trade 1 and 2 were taken on the 89T. I saw a 1:1 completion to the downside, back to structure and overall expextation for a NSH. So, I took it. However, whilst trading this up move, I realised that on the swing before (clearest low and high), we just broke to the upside to form a NSH, so would be more likely if price corrects much more. During this up-trade, I paid attention on the high, how price behaved. I saw that price is struggling and exited. I took then short (a bit higher) and traded the micro 1:1, because I was starting to doubt on the...
Wonderful reply Evo. I'll also try to reverse engineer some of your charts. That'll be a great exercise for me too. And more beneficial than when you just explain it before making me /us think about it..
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
Quoting pjotter
{quote} Wonderful reply Evo. I'll also try to reverse engineer some of your charts. That'll be a great exercise for me too. And more beneficial than when you just explain it before making me /us think about it..
I hope only that you will not ask me to comment on each chart that you "reverse engineer".

Easier would be for training purpose and checking yourself, to take a chart: go to a past location and to make your analysis and look with cursor right button or market replay, if your expectation happens or not. I did this myself (cursor solution not market replay) in the past for my training.
Quoting evocpr19
{quote} I hope only that you will not ask me to comment on each chart that you "reverse engineer". Easier would be for training purpose and checking yourself, to take a chart: go to a past location and to make your analysis and look with cursor right button or market replay, if your expectation happens or not. I did this myself (cursor solution not market replay) in the past for my training.
Haha, God please no. But if you'd throw up a challenge. It's something I already do with most of the charts that people post. Sometimes I can understand the reasoning behind the chart. And sometimes it makes me scratch my head (general speaking) seeing good decisions being made helps me, but also seeing bad decisions. This is however no substitute for getting my hands dirty and doing it myself..

I also do the market replay, helps me a lot but thanks for the tip. Do you feel this has been the biggest impact on your trading?
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
Quoting pjotter
{quote} Haha, God please no. But if you'd throw up a challenge. It's something I already do with most of the charts that people post. Sometimes I can understand the reasoning behind the chart. And sometimes it makes me scratch my head (general speaking) seeing good decisions being made helps me, but also seeing bad decisions. This is however no substitute for getting my hands dirty and doing it myself.. I also do the market replay, helps me a lot but thanks for the tip. Do you feel this has been the biggest impact on your trading?
I saw the cursor solution in a video and/or live stream of Mr. Pip. I found this beautiful and easy, so I did it.

Everything helps that you do yourself, chart reading, practicing, looking live chart printing if your expectation would have been hit or not,.... The theory is well covered here. The live streams helps, Mr. Pip shows trades live,... The rest is the commitment of each individual to put it together and trade according to the plan.
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