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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

  • #40,981
  • May 29, 2018 9:32am May 29, 2018 9:32am
Stopped out in an instant for -32
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  • #40,982
  • May 29, 2018 9:46am May 29, 2018 9:46am
Third entry. EURJPY. Same setup. Determine C. Here FE of A 78% x 61% of all movement, and 161% of B. There we go short. TP recoil 38% and 61% of C. I go out in the sma20 + 29 pips.
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  • #40,983
  • May 29, 2018 9:48am May 29, 2018 9:48am
Short USDJPY 15m
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  • #40,984
  • May 29, 2018 9:51am May 29, 2018 9:51am
Quoting pampaq
Third entry. EURJPY. Same setup. Determine C. Here FE of A 78% x 61% of all movement, and 161% of B. There we go short. TP recoil 38% and 61% of C. I go out in the sma20 + 29 pips. {image} {image}
61%
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  • #40,985
  • May 29, 2018 10:00am May 29, 2018 10:00am
Here is a nooby move .. +43
Moved my stop loss to lock in profit and while I was doing that price just dropped fast to my TP at the 1:1 and I wasn't able to extend my TP ..
so today the lesson is ...first extend TP and than lock in some profit.
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  • #40,986
  • May 29, 2018 10:00am May 29, 2018 10:00am
Eurusd M15 Short
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  • #40,987
  • May 29, 2018 10:00am May 29, 2018 10:00am
Hello,+55
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Time is an illusion, timing is an art.
  • #40,988
  • May 29, 2018 10:19am May 29, 2018 10:19am
Well that was awful....
4 trades, 1x BE, 3x losers
---------------------------------
-92 points

Looks like May is shaping up to be red month for me.
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  • #40,989
  • May 29, 2018 10:19am May 29, 2018 10:19am
fourth entry. EURUSD short. We determine C. and we go by 61%. as we entered later I let run until MS 15M and 78%. +13.
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  • #40,990
  • May 29, 2018 10:24am May 29, 2018 10:24am
Quoting bmdenton23
Well that was awful.... 4 trades, 1x BE, 3x losers --------------------------------- -92 points Looks like May is shaping up to be red month for me. {image}
I don't understand the 3-rd and 4-th trade but if you were following the immediate orderflow like on the first 2 trades than you should've caught that big short move.
  • #40,991
  • May 29, 2018 10:27am May 29, 2018 10:27am
Quoting x3m-PippiN
{quote} I don't understand the 3-rd and 4-th trade but if you were following the immediate orderflow like on the first 2 trades than you should've caught that big short move.
Between the 3rd and 4th trade I swapped from immediate to intraday, which I do all the time, I prefer the intraday swings, just really really bad timing.
  • #40,992
  • May 29, 2018 10:41am May 29, 2018 10:41am
Quoting Sip
Eurusd M15 Short {image}
Had an entry set at the .618. Missed it by 2 pipettes. Good luck! Wish I was in this one.
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  • #40,993
  • May 29, 2018 10:51am May 29, 2018 10:51am
Morning All
Trade I took today Had a hard TP on it @ the 127 because was away from desk. Turned out to be a runner , ended up with +86
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Always Learning
  • #40,994
  • May 29, 2018 10:56am May 29, 2018 10:56am
Two BEs today.

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  • #40,995
  • Edited 12:48pm May 29, 2018 12:32pm | Edited 12:48pm
Hi All
Wanted to share my 2nd trade which turned into a bit of a stinker, apparently Mr Market wanted me to experience a little pain . Took some shorts on the 233 Tick and market kept going against me so I managed the trade from a higher TF to find my stop Loss point Black line @ 24380 end result from my long winded story small profit on first 2 +18 and trailing on the third. Just out +35 on that one
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Always Learning
  • #40,996
  • May 29, 2018 12:37pm May 29, 2018 12:37pm
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Eurusd M15
  • #40,997
  • May 29, 2018 12:55pm May 29, 2018 12:55pm
Quoting JayTrader
Hi All Wanted to share my 2nd trade which turned into a bit of a stinker, apparently Mr Market wanted me to experience a little pain . Took some shorts on the 233 Tick and market kept going against me so I managed the trade from a higher TF to find my stop Loss point Black line @ 24380 end result from my long winded story small profit on first 2 +18 and trailing on the third. Just out +35 on that one {image}
Jay, very nice trading .....Thank you for your service, God bless you. Good luck with the second profession......I don't want to impose my view of the market on anyone just to share my observation. Always trade your plan. I'm done for today..
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Always trade your own plan...I don't provide trading signals.
  • #40,998
  • May 29, 2018 1:22pm May 29, 2018 1:22pm
Quoting Coreg2004
{quote} Jay, very nice trading .....Thank you for your service, God bless you. Good luck with the second profession......I don't want to impose my view of the market on anyone just to share my observation. Always trade your plan. I'm done for today.. {image}
Thank you Coreg for the kind words,
Yes I saw that and that's why I was trailing hard and looking to exit around the 100% retrace on my previous chart. I trade Elliott wave as well and had close to the same count. Constructive critiques of any of my trades are always welcome by me . Done also Take Care
Always Learning
  • #40,999
  • Edited 3:18pm May 29, 2018 1:36pm | Edited 3:18pm
Aggressively trailing on USDJPY 15m

Edit: Stopped at at +41
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  • #41,000
  • May 29, 2018 2:03pm May 29, 2018 2:03pm
we should always be prepared other scenario is in play.....this time it might be 3 Drives (ending formation for 1-2-3-4-5 pattern)......2nd picture is an excerpt from Scott Carney's book Harmonic Trader p.222
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Always trade your own plan...I don't provide trading signals.
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