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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

  • #38,821
  • Mar 23, 2018 10:14am Mar 23, 2018 10:14am
Long again
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_23.png Size: 42 KB
If you fail to plan, you plan to fail.
  • #38,822
  • Mar 23, 2018 10:22am Mar 23, 2018 10:22am
Stopped out again LOL
If you fail to plan, you plan to fail.
  • #38,823
  • Mar 23, 2018 10:23am Mar 23, 2018 10:23am
Quoting Nik-Nyc
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...
Hey buddy.

Hugely respect you but have to disagree with you on this note. evo Could do more agreed on that. but I for one find value in his chart's. to see his entries etc. most trader's here I would assume are learning from Damian, but It's rare to find all trader's/student's have the same interpretation. I believe that evo has A good feel and flow of the market. Also scaling in as he gets more confident in a trade.

Dow is a beast that spends some time getting ready to go, it usually retraces or comes back a few times before it get's going. more information leads to trader clarity and more chance to judge buyers and seller's strength. I agree on the Ultimate stop loss however I presume this is something that evo can clarify. To be as successful trading the flow of the market as evo shows, means one must be able to quickly and efficiently change bias.

I Agree with what he is asking from trader's, Post chart's and he get's involved with his comment's, that's his requirement, To discover what a trader knows and perceives, then to fill and explain his reasoning for his decision making to help them develop and understand.
It's in fear when people show what they truly value.
  • #38,824
  • Mar 23, 2018 10:25am Mar 23, 2018 10:25am
long again. maybe this time it will go.
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Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_23.png Size: 41 KB
If you fail to plan, you plan to fail.
  • #38,825
  • Mar 23, 2018 10:26am Mar 23, 2018 10:26am
We need some one to kick the bulls in the balls to make them jump.
If you fail to plan, you plan to fail.
  • #38,826
  • Mar 23, 2018 10:28am Mar 23, 2018 10:28am
down 32 points on the day
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_23.png Size: 102 KB
If you fail to plan, you plan to fail.
  • #38,827
  • Mar 23, 2018 10:29am Mar 23, 2018 10:29am
Second part YM: +217. I did a mistake, wanted to reduce risk, but got rid of the wrong lot size, so now I am out.
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  • #38,828
  • Mar 23, 2018 10:31am Mar 23, 2018 10:31am
I'm been on the pain train all day LOL
If you fail to plan, you plan to fail.
  • #38,829
  • Mar 23, 2018 10:36am Mar 23, 2018 10:36am
BE after price screwed with me for a bit
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  • #38,830
  • Mar 23, 2018 10:41am Mar 23, 2018 10:41am
Quoting S41nt
{quote} I really like looking at your charts because I see the exact same thing on mine and watching your trades work out on the longer term is giving my longer term trading more confidence. Thanks Sheeep44, keep posting and nice trading!
Thanks for the encouragement buddy, some charts that I post don't work out. I have an average winrate of around 55-60%, backtested on months of data. I never know if anyone finds my charts of value because most of the traders trade YM, but to show that swing/day trading is also possible on Forex. Note: I don't post all my entries and charts, BUT I do post the one that I feel have the most value for the thread, and everyone can learn from. 'Building a case for entry' and explaining price action, as I have time to write something down. I only trade 3 pairs. I am down 1,75 this week, but no big deal because I have a lot of backtesting and feeling really confident in my trades and results now. Plus a positive side of trading a higher TF, you don't necessary have to sit in front of the charts, and get an average of around 1,5-2 trades a day, which is really good. If anything is unclear for anyone, please ask and I do my best to respond. I just set simple alarms and quietly wait for price to get there.
"Luck is when opportunity meets preparation"
  • #38,831
  • Mar 23, 2018 10:43am Mar 23, 2018 10:43am
Quoting S41nt
BE after price screwed with me for a bit {image}
Nice trade!
"Luck is when opportunity meets preparation"
  • #38,832
  • Mar 23, 2018 10:43am Mar 23, 2018 10:43am
Harmonics at play... Short USDJPY
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  • #38,833
  • Mar 23, 2018 10:44am Mar 23, 2018 10:44am
Quoting Mr. Pip
I'm been on the pain train all day LOL
Someone has to take the train..
"Luck is when opportunity meets preparation"
  • #38,834
  • Mar 23, 2018 10:45am Mar 23, 2018 10:45am
Quoting ensale
{quote} Hey buddy. Hugely respect you but have to disagree with you on this note. evo Could do more agreed on that. but I for one find value in his chart's. to see his entries etc. most trader's here I would assume are learning from Damian, but It's rare to find all trader's/student's have the same interpretation. I believe that evo has A good feel and flow of the market. Also scaling in as he gets more confident in a trade. Dow is a beast that spends some time getting ready to go, it usually retraces or comes back a few times before it get's going....
Thank you.

Nik-Nyc: Do it better and simply ignore my charts. The last chart that I posted was a gift, since I showed you the TP area. Hope that you took advantage of it, if not bad luck.
  • #38,835
  • Mar 23, 2018 10:45am Mar 23, 2018 10:45am
Quoting ensale
{quote} Hey buddy. Hugely respect you but have to disagree with you on this note. evo Could do more agreed on that. but I for one find value in his chart's. to see his entries etc. most trader's here I would assume are learning from Damian, but It's rare to find all trader's/student's have the same interpretation. I believe that evo has A good feel and flow of the market. Also scaling in as he gets more confident in a trade. Dow is a beast that spends some time getting ready to go, it usually retraces or comes back a few times before it get's going....
Hey Ensale,

Nice to see you around . . . i see we agree on some points but not on others. Fair enough.

N.
  • #38,836
  • Mar 23, 2018 10:49am Mar 23, 2018 10:49am
Demo trading on the M6A to get a feel for it. Trading the other E-micro forex futures, as well. Having some good luck dabbling with 4 hour and 8 hour chart forex, too. Certainly learning some patience on the long time frames.

Looks like I'll be holding the M6A trade over the weekend. Opened it yesterday afternoon.
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  • #38,837
  • Mar 23, 2018 10:54am Mar 23, 2018 10:54am
Quoting Sheeep44
{quote} Thanks for the encouragement buddy, some charts that I post don't work out. I have an average winrate of around 55-60%, backtested on months of data. I never know if anyone finds my charts of value because most of the traders trade YM, but to show that swing/day trading is also possible on Forex. Note: I don't post all my entries and charts, BUT I do post the one that I feel have the most value for the thread, and everyone can learn from. 'Building a case for entry' and explaining price action, as I have time to write something down. I only...
I think your chart reading skills are great from what I've seen. It's nice to also see someone on forex, just shows that Mr. Pips skills are universal. I would like to eventually work with higher timeframes but at the moment I dont have the temperament for it lol. Watching your trades and backtesting some on my own and paper trading is helping me get more confidence in it though so thanks!
  • #38,838
  • Mar 23, 2018 10:54am Mar 23, 2018 10:54am
Quoting Sheeep44
{quote} Nice trade!
Thanks!
  • #38,839
  • Mar 23, 2018 10:56am Mar 23, 2018 10:56am
Quoting AzizLight
Demo trading on the M6A to get a feel for it. Trading the other E-micro forex futures, as well. Having some good luck dabbling with 4 hour and 8 hour chart forex, too. Certainly learning some patience on the long time frames. Looks like I'll be holding the M6A trade over the weekend. Opened it yesterday afternoon. {image}
Very low liquidity on the M6A as you can see. So keep that in mind whenever you are going to switch to a live account! Keep the charts coming!
"Luck is when opportunity meets preparation"
  • #38,840
  • Mar 23, 2018 10:57am Mar 23, 2018 10:57am
Quoting S41nt
{quote} I think your chart reading skills are great from what I've seen. It's nice to also see someone on forex, just shows that Mr. Pips skills are universal. I would like to eventually work with higher timeframes but at the moment I dont have the temperament for it lol. Watching your trades and backtesting some on my own and paper trading is helping me get more confidence in it though so thanks!
Agreed, great work Sheeep44
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