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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

  • #39,701
  • Apr 23, 2018 2:16am Apr 23, 2018 2:16am
What is hard, to take this 2 trades, just by knowing where is lvls ( structure ), and applying HH-LL principle
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Even though I walk through the darkest valley, I will fear no evil
  • #39,702
  • Apr 23, 2018 2:35am Apr 23, 2018 2:35am
Mr. Pip (Damian) has shown here a simple way to understand price action...and everyone can tweak to suit their trader personality. I'm new to using NinjaTrader but it's a great platform to trade on...what works for me is identifying structural levels from previous Newyork and Asian sessions then trade the zones that is formed in between these levels during London session using order flow and bar by bar analysis for trade entry...i'm trading only one currency pair (GBPUSD - 144 tick chart) and I take only one trade a day which can either be a winning or losing trade, I don't believe I will be psychologically fit to take another trade same day after a losing trade without my emotions affecting my trade decision but what is important is that even if you win only 50% of the time you will still make a good chunk of money...

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I don't trail, no breakeven and my profit target doesn't exceed 161.8 fib extension and at most 1:1...that is what works for me

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Thanks Damian
  • #39,703
  • Apr 23, 2018 2:49am Apr 23, 2018 2:49am
Quoting BlacMoni
Mr. Pip (Damian) has shown here a simple way to understand price action...and everyone can tweak to suit their trader personality. I'm new to using NinjaTrader but it's a great platform to trade on...what works for me is identifying structural levels from previous Newyork and Asian sessions then trade the zones that is formed in between these levels during London session using order flow and bar by bar analysis for trade entry...i'm trading only one currency pair (GBPUSD - 144 tick chart) and I take only one trade a day which can either be a winning...
coz it is 50% retracement, from over 100 trades, you will have 60% loosing trades, if you placed your stop above high, you will be loosing money, you can make money if you will apply MM
Expectation is nothing more like trend, trend is your friend did you here that before ?
Even though I walk through the darkest valley, I will fear no evil
  • #39,704
  • Apr 23, 2018 2:51am Apr 23, 2018 2:51am
Quoting monocor
{quote} I said that I bought a course and membership from them, read my posts !!!!!!And as for me, I don't regret, check my trades from today, couple hours of trading 16%, and I am free for whole day, to do what ever I want. I bought banch of trading systems and course, soft, and etc, I wasted around 30К, until I mate EV from Psych forum, where I learned price action, and started to make money. One of my friends recommended Akil, at that time I was eager to learn harmonics, and couldn't do it here. From akil I learned a lot, MM, structure...
Cool

Go see a hedge fund - they will give you millions. I look forward to seeing you and the Forbes list of the Rich.


Quoting monocor
If you have questions, you can ask, but no questions about entry points, that is covered buy akils copyright, and I don't want to break it Have a nice day, and happy trading !!!!!!
As suggested previously, please open your own thread, people can then ask you specific questions there without it affecting this thread.

Also, I see no relevance, or benefit, in posting charts if you cannot reveal why you opened a trade (due to, "copyright infringement"). This is one of the many things people want to learn. If you can't show why, then seriously, what is the point?

Anyone can post a chart after the fact, you have been in this business long enough to know that. The only proof in this game is either: a live Trade explorer, independently audited trading records, live trading sessions where people can see you trading live.

If you can't offer any of the above, do you blame anyone for not taking you seriously? Even you know that.
  • #39,705
  • Apr 23, 2018 2:57am Apr 23, 2018 2:57am
First you need to identify lvl,
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Even though I walk through the darkest valley, I will fear no evil
  • #39,706
  • Apr 23, 2018 2:59am Apr 23, 2018 2:59am
Quoting PeteH
{quote} Thanks for the kind comments. Yes my trading has certainly turned a corner. I kept a log of my trades on a spreadsheet from Feb & Mar and looked long and hard at the trades. I determined that I carried out my trade plan fairly well but that my plan was flawed. Also I noted that about 20% of the time I did not execute well and should have passed on opportunities far more. I noted a lot of errors and there was a lot of emotional problems. Also back testing I noticed that I had created a trade plan that resulted in lots of Break Evens when...

Many thanks Peter for your detailed response...quite helpful....Hoenstly I've suffered the same when it comes to emortions / fear, move to BE, only for the price to rally in my favour and I lose so much. I have some take aways from your response, and I will try it out. 1:1 harmonics is still a challenge to me, but i will go back to Mr. Pips videos and listen again.

Much appreciated.

Cheers!!!!
  • #39,707
  • Apr 23, 2018 3:00am Apr 23, 2018 3:00am
Quoting Tesmy
{quote} Cool {quote} As suggested previously, please open your own thread, people can then ask you specific questions there without it affecting this thread. Also, I see no relevance, or benefit, in posting charts if you cannot reveal why you opened a trade (due to, "copyright infringement"). This is one of the many things people want to learn. If you can't show why, then seriously, what is the point? Anyone can post a chart after the fact, you have been in this business long enough to know that. The only proof in this game is either: a live...
I don't have time to post all my trades right away, coz I have to monitor all my charts, and it is m1 time frame, I post my charts when I am done with trading.
One thing I can tell you for sure, you can take 100 trades of mine, and all be the same, and have 95% win rate, all my trades one in one and the same.

For you to understand, lets say you trade only flag pattern, is your trades will be different? if you trade only flag? But where is that flag matter, if it is flag in trend you will have 70% win rate, and you can shoot for ABCD move, if it is range you will loose 80% of the time. It is from my own experience from over 6 years trading price action. The first thing what you do is to look left, to see if you are in trend, the second thing to do is to find lvl where price will find rejection.

By blindly looking on piece of chart, trying to find a trade, it is not gonna give you good.

Is this thread harmonic ? Do I trade harmonic ? So what is the problem, that I post my charts ?
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Even though I walk through the darkest valley, I will fear no evil
  • #39,708
  • Apr 23, 2018 3:09am Apr 23, 2018 3:09am
Quoting monocor
{quote} I don't have time to post all my trades right away, coz I have to monitor all my charts, and it is m1 time frame, I post my charts when I am done with trading. One thing I can tell you for sure, you can take 100 trades of mine, and all be the same, and have 95% win rate, all my trades one in one and the same.
Your talent is obviously being wasted posting here amongst the minions.

Please email Jamie Diamon or Lloyd Blankfein or Paul Tudor Jones. Am sure they will recognize your talents and offer you a position that is far more deserving of your skills.

Please open your own thread: You can teach there your methods there. I would be happy to ask you questions relating to your trading style on your own thread. It's un-cool to try and hijack someone else's thread.
  • #39,709
  • Apr 23, 2018 3:14am Apr 23, 2018 3:14am
Quoting Tesmy
{quote} Your talent is obviously being wasted posting here amongst the minions. Please email Jamie Diamon or Lloyd Blankfein or Paul Tudor Jones. Am sure they will recognize your talents and offer you a position that is far more deserving of your skills. Please open your own thread: You can teach there your methods there. I would be happy to ask you questions relating to your trading style on your own thread. It's un-cool to try and hijack someone else's thread.
Why do I have to do that, if last year me and couple of my friends opened own fund, and it is pretty cheap, any one can do, it cost only 50К, but it is private fund only for russian ppl
We build positions, and when they need me I jump in, to make scalping trades, to lined up equity curve, and that days, which I hate coz I have to trade 16 hours straight.

Honestly, it is to much pain, it is better to seat and trade on your own
Even though I walk through the darkest valley, I will fear no evil
  • #39,710
  • Apr 23, 2018 3:16am Apr 23, 2018 3:16am
Quoting Tesmy
{quote} Your talent is obviously being wasted posting here amongst the minions. Please email Jamie Diamon or Lloyd Blankfein or Paul Tudor Jones. Am sure they will recognize your talents and offer you a position that is far more deserving of your skills. Please open your own thread: You can teach there your methods there. I would be happy to ask you questions relating to your trading style on your own thread. It's un-cool to try and hijack someone else's thread.

Is this thread harmonic ? Do I trade harmonic ? So what is the problem, that I post my charts ?
Even though I walk through the darkest valley, I will fear no evil
  • #39,711
  • Apr 23, 2018 3:18am Apr 23, 2018 3:18am
Quoting monocor
{quote} I said that I bought a course and membership from them, read my posts !!!!!!And as for me, I don't regret, check my trades from today, couple hours of trading 16%, and I am free for whole day, to do what ever I want. I bought banch of trading systems and course, soft, and etc, I wasted around 30К, until I mate EV from Psych forum, where I learned price action, and started to make money. One of my friends recommended Akil, at that time I was eager to learn harmonics, and couldn't do it here. From akil I learned a lot, MM, structure...
this is the way to comunicate let mr Pip do his thing and u can also contribute if u want with the way you see the market
  • #39,712
  • Apr 23, 2018 3:20am Apr 23, 2018 3:20am
Quoting monocor
{quote} Why do I have to do that, if last year me and couple of my friends opened own fund, and it is pretty cheap, any one can do, it cost only 50К, but it is private fund only for russian ppl
Great - then you will have audited records to prove this - I am sure Russian businesses have to have audited accounts and filings too?

But again, open your own thread, show your audited accounts (easy as you already have a fund), and show your teachings there?


Quoting monocor
{quote} Is this thread harmonic ? Do I trade harmonic ? So what is the problem, that I post my charts ?
Yes this is a harmonics thread, BUT, when the method you are teaching is different to what the thread operator is teaching, then it is best not to confuse people, and thus, best to start your own thread.

But as you clearly stated earlier that you cannot show people why you enter a trade, are you really teaching at all?
  • #39,713
  • Apr 23, 2018 3:24am Apr 23, 2018 3:24am
Here is the trade which I would trade, I will be looking for a trigger at 61%
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Even though I walk through the darkest valley, I will fear no evil
  • #39,714
  • Apr 23, 2018 3:26am Apr 23, 2018 3:26am
Quoting Tesmy
{quote} Great - then you will have audited records to prove this - I am sure Russian businesses have to have audited accounts and filings too? But again, open your own thread, show your audited accounts (easy as you already have a fund), and show your teachings there? {quote} Yes this is a harmonics thread, BUT, when the method you are teaching is different to what the thread operator is teaching, then it is best not to confuse people, and thus, best to start your own thread. But as you clearly stated earlier that you cannot show people why you...
To prove )))))) Don't even dream about it )))) Who are you that I have to prove you some thing ?

To trade harmonics differently ))))))) Ask Pip why he doen't trade patterns, which is the original harmmonic from carney ?I will give yuou an unswear, he doesn't know how to trade them
Even though I walk through the darkest valley, I will fear no evil
  • #39,715
  • Apr 23, 2018 3:26am Apr 23, 2018 3:26am
Quoting monocor
What is wrong here, is all that nonsense depth and etc. Price is moving from one lvl to another, S become resistance, it doen't matter how far it will go, or how deep it will retrace, coz price is looking for lvls, first you identify is market trending or ranging, and after you look for lvls of s/r, which price has to respect {image}
Will you please explain the logical reason of why price has to respect the lvls? Is this based on math or some other logic?

I look forward to your direct, non beating around the bush, logic answer.
Luck has no place in trading. Leave that for the poker table.
  • #39,716
  • Apr 23, 2018 3:28am Apr 23, 2018 3:28am
Quoting monocor
After I drop to m1 and take a trade in the place which I identified at 5-3 min TF, and look for certain conditions to happen in order to take a trade, {image}

What are the logical specific reason? Are you willing to state what these reasons are, so that I might better understand your logical reasons for your trade(s)?
Luck has no place in trading. Leave that for the poker table.
  • #39,717
  • Apr 23, 2018 3:33am Apr 23, 2018 3:33am
Quoting Pair-me-up
{quote} Will you please explain the logical reason of why price has to respect the lvls? Is this based on math or some other logic? I look forward to your direct, non beating around the bush, logic answer.
I will do some thing illegal, download it today, coz I will remove it tomorrow, it will explain you how banks operating, and why lvls is important, that is course which I bought, long time ago, paid for it 5K, it explains basics of market



https://drive.google.com/open?id=1vTE2v8zSHLiPaP3ZOp7XTxcIRWTYaabC
Even though I walk through the darkest valley, I will fear no evil
  • #39,718
  • Apr 23, 2018 3:40am Apr 23, 2018 3:40am
Quoting monocor
{quote} I said that I bought a course and membership from them, read my posts !!!!!!And as for me, I don't regret, check my trades from today, couple hours of trading 16%, and I am free for whole day, to do what ever I want. I bought banch of trading systems and course, soft, and etc, I wasted around 30К, until I mate EV from Psych forum, where I learned price action, and started to make money. One of my friends recommended Akil, at that time I was eager to learn harmonics, and couldn't do it here. From akil I learned a lot, MM, structure...

Now that you are highly successful with in your own league of your styled trader(s). Not to mention all of the free time. (Although native speakers of English make types, etc.. in written form) I am merely making a friendly suggestion to purchase a spell check program, by some books about spelling or grammar, or enroll in continuing adult education for English. There are some people that don't speak English on this thread that don't have perfect English, however, they can still express themselves at a very high level, that is enjoyable and understandable. So, if you want to share your ideas... better communication skills in a second or third language could definitely help you share your knowledge with others.
Luck has no place in trading. Leave that for the poker table.
  • #39,719
  • Apr 23, 2018 3:40am Apr 23, 2018 3:40am
I can drop some part of akils course, if you think it will do any good for you. But the most part is war room, live trading room, and chating with him, what made the great deal. Give me 20 min, and I will drop it for 1 day, download it today, coz I will remove it tomorrow
Even though I walk through the darkest valley, I will fear no evil
  • #39,720
  • Apr 23, 2018 3:41am Apr 23, 2018 3:41am
Quoting monocor
{quote} I will do some thing illegal, download it today, coz I will remove it tomorrow, it will explains you how banks operating, and why lvls is important, that is course which I bought, long time ago, paid for it 5K, it explains basics of market https://drive.google.com/open?id=1vTE2v8zSHLiPaP3ZOp7XTxcIRWTYaabC
it's a course from akil?
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