take out +4 
Time is an illusion, timing is an art.
Ratios & Harmonics: a Different Way to Trade
{quote} O.k. I will share some notes with you, that I wrote down. I sent them to Mr. Pip to check and see if they were correct. He is a busy guy, so he hasn't had time to see if I understood correctly, but I will post them for you too see.. {file}
Everybody have a Nice weekend and take Care
Are you profitable? I am not... yet...
- #38,808
- Mar 23, 2018 9:13am Mar 23, 2018 9:13am
{quote} I'm not Mr. Pip, but hopefully you find help from this. That trade follows structure analysis great, and that area would be the area to go long in. There was an increase in momentum, but a decrease in projection and increase in depth so 2/3 going against you, therefore trend is showing weakness. The only other concern is the strength going into your prz, but seeing the rotation candle there indicates that the bears may not be as strong as they look. Personally, I would have taken this trade because R:R is fantastic and it fits all the rules....
s41nt, i saw a strategy checklist on your images.
1 trade with clear ns -> means tarde with clear structire high/low?
2 developing aoi -> what is aoi?
3 what extension did the leg reach -> What does this mean?
4 corresponding fib level -> at entry?
5 candle rotation in prz -> what is prz?
the rest of our checklist seems to be clear for me ;-)
thanks!
- #38,813
- Mar 23, 2018 9:44am Mar 23, 2018 9:44am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #38,815
- Mar 23, 2018 9:50am Mar 23, 2018 9:50am
Evocpr,
I must disagree with you and let you know that I have been "ignoring" your charts for quite some time.
Firstly, i will admit that it is probably unreasonable to expect the same high level of transparency and honesty that we all enjoy from Damian himself. However, what is reasonable, is to expect an annotated chart explaining entries when those entries are outside the clear rules of engagement that define this entire method & thread. Maybe you qualify harmonic D point correction trades with different ratio Ext, or, perhaps you use an indicator to gauge HTF strength/weakness. Without an annotated chart offering insight into your logic, and therefore your trading rules, many of your charts simply have no value.
Scaling-in without predefined rules and parameter including ultimate SL level is simply not scaling-in.
Entry triggers on candles of all shapes, color, wicks, is not the same as rotation-candle trigger.
Remember, entry rules exist to qualify confluences in order to take trades, but equally important, the same rules keep us out of trades that do not qualify. It is the consistent application of these rules that allows us the exploit our edge. Without a consistent application of rules, no edge.
Finally, do not feel obliged to reply to this post, and do not expect an answer if you do. However, should you start annotating charts that have entries that are outside the basic rules of this thread, you can expect some
from me, otherwise, enjoy France.
N.
I must disagree with you and let you know that I have been "ignoring" your charts for quite some time.
Firstly, i will admit that it is probably unreasonable to expect the same high level of transparency and honesty that we all enjoy from Damian himself. However, what is reasonable, is to expect an annotated chart explaining entries when those entries are outside the clear rules of engagement that define this entire method & thread. Maybe you qualify harmonic D point correction trades with different ratio Ext, or, perhaps you use an indicator to gauge HTF strength/weakness. Without an annotated chart offering insight into your logic, and therefore your trading rules, many of your charts simply have no value.
Scaling-in without predefined rules and parameter including ultimate SL level is simply not scaling-in.
Entry triggers on candles of all shapes, color, wicks, is not the same as rotation-candle trigger.
Remember, entry rules exist to qualify confluences in order to take trades, but equally important, the same rules keep us out of trades that do not qualify. It is the consistent application of these rules that allows us the exploit our edge. Without a consistent application of rules, no edge.
Finally, do not feel obliged to reply to this post, and do not expect an answer if you do. However, should you start annotating charts that have entries that are outside the basic rules of this thread, you can expect some
from me, otherwise, enjoy France.N.
- #38,819
- Mar 23, 2018 10:05am Mar 23, 2018 10:05am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #38,820
- Mar 23, 2018 10:09am Mar 23, 2018 10:09am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.