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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

  • #42,101
  • Jul 24, 2018 11:20am Jul 24, 2018 11:20am
BE on my short
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If you fail to plan, you plan to fail.
  • #42,102
  • Jul 24, 2018 11:27am Jul 24, 2018 11:27am
Dear Mr. Pip,

I'm trying to catch up with everybody by watching all the live sessions and in one video of November 2017 you mentioned that you monitored all majors on the 1hr chart back in the days when you still traded Forex.

Something that keeps me busy is how to deal with USD exposure when trading the majors. What is your opinion on that?

Thanks in advance.

Regards,

Gunnar
  • #42,103
  • Jul 24, 2018 11:58am Jul 24, 2018 11:58am
Quoting Mr. Pip
So does the 31 of July work for you all for the live stream?
Thank you for taking time off to teach us all such a powerful system.

Your last live stream has helped me tremendously to identify areas where sellers/buyers are likely to come in and take into consideration how price approaches these areas.

Looking forward to the next live session!
  • #42,104
  • Jul 24, 2018 12:02pm Jul 24, 2018 12:02pm
Quoting Bruin813
Dear Mr. Pip, I'm trying to catch up with everybody by watching all the live sessions and in one video of November 2017 you mentioned that you monitored all majors on the 1hr chart back in the days when you still traded Forex. Something that keeps me busy is how to deal with USD exposure when trading the majors. What is your opinion on that? Thanks in advance. Regards, Gunnar
There are 7 majors. Withing those EURUSD, GBPUSD, AUDUSD, NZDUSD were my favorites. Don't take on more then you and your account can handle. You need to decide what you can manage efficiently. Also you need to know exactly what your account can handle from a position size to how many trades to can take on and manage at one time.
If you fail to plan, you plan to fail.
  • #42,105
  • Jul 24, 2018 12:03pm Jul 24, 2018 12:03pm
Quoting Kayjay2011
{quote} Thank you for taking time off to teach us all such a powerful system. Your last live stream has helped me tremendously to identify areas where sellers/buyers are likely to come in and take into consideration how price approaches these areas. Looking forward to the next live session!
Thank you glad it helped! See you Tuesday!
If you fail to plan, you plan to fail.
  • #42,106
  • Jul 25, 2018 12:03am Jul 25, 2018 12:03am
hello

I would like to ask how you continue analyzing or trading when price didnt retrace from 138-161 zone and continue after finishing ABCD or AB=CD patterns ? any material for that or video ? thank you very much for answer in advance
"only the strong survive"
  • #42,107
  • Jul 25, 2018 2:30am Jul 25, 2018 2:30am
Quoting bmdenton23
YM - finishing the day +1. Was up +75 on a trade that came back to BE. Wasn't able to lock in behind structure. {image}
Pls, can you share your coloured harmonic indicator? its nice
  • #42,108
  • Jul 25, 2018 3:29am Jul 25, 2018 3:29am
Quoting Madara.
hello I would like to ask how you continue analyzing or trading when price didnt retrace from 138-161 zone and continue after finishing ABCD or AB=CD patterns ? any material for that or video ? thank you very much for answer in advance
Hello, This is not easy to answer because the question is bigger than it seems. I trade the longer term with the intent ti scale into a position. This means that at times I enter early and have to find areas where I want to add positions. This is a combination of Harmonics, Ratios and of course Structure. Remind me at the live stream and we can talk about it.
If you fail to plan, you plan to fail.
  • #42,109
  • Jul 25, 2018 3:35am Jul 25, 2018 3:35am
Quoting Mr. Pip
{quote} Hello, This is not easy to answer because the question is bigger than it seems. I trade the longer term with the intent ti scale into a position. This means that at times I enter early and have to find areas where I want to add positions. This is a combination of Harmonics, Ratios and of course Structure. Remind me at the live stream and we can talk about it.
will do, whats for answer, when is the live stream and where to find it ?
"only the strong survive"
  • #42,110
  • Jul 25, 2018 4:04am Jul 25, 2018 4:04am
I went long EURUSD at 0.618 ret.
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  • #42,111
  • Jul 25, 2018 4:24am Jul 25, 2018 4:24am
Damian, i have a question regarding the intraday session.
I'm based in Europe so i start my trading day usually with the FFM / London session.
Let's assume there's been a main swing in the late NY session the last day, and there's a complex correction
through out the asia session at night. Would you say, generally speaking, the swing is still valid for my analysis?
Or is it crossing too many different sessions? Is there a thumb rule about incorporating orderflow from the last 24 - 48 hours?
  • #42,112
  • Jul 25, 2018 4:37am Jul 25, 2018 4:37am
The sellers just came in strong. Didn't even get a chance to adjust my PT. +117

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  • #42,113
  • Jul 25, 2018 5:01am Jul 25, 2018 5:01am
Quoting Madara.
{quote} will do, whats for answer, when is the live stream and where to find it ?
https://youtu.be/RF8govg-bZc
  • #42,114
  • Jul 25, 2018 5:07am Jul 25, 2018 5:07am
Quoting 6288monkey
{quote} https://youtu.be/RF8govg-bZc
thank you
"only the strong survive"
  • #42,115
  • Jul 25, 2018 6:20am Jul 25, 2018 6:20am
Hello Traders, I got taken out at BE on my short yesterday for a few points $3K on the PL and I reentered and BE again but 50 contracts this time as I did not get a chance to add. Hopefully this one does not end up at BE trade again LOL
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If you fail to plan, you plan to fail.
  • #42,116
  • Jul 25, 2018 6:24am Jul 25, 2018 6:24am
Quoting MarkStan
Damian, i have a question regarding the intraday session. I'm based in Europe so i start my trading day usually with the FFM / London session. Let's assume there's been a main swing in the late NY session the last day, and there's a complex correction through out the asia session at night. Would you say, generally speaking, the swing is still valid for my analysis? Or is it crossing too many different sessions? Is there a thumb rule about incorporating orderflow from the last 24 - 48 hours?
The sessions do not matter other then liquidity. The structure expectation is the most important thing. Having an expectation is what matters.
If you fail to plan, you plan to fail.
  • #42,117
  • Jul 25, 2018 6:39am Jul 25, 2018 6:39am
Quoting menek
{quote} Pls, can you share your coloured harmonic indicator? its nice
Menek are you talking about the script that colors the bars themselves?
I need to try and parameterize it and then I can share it. It just highlights rotational bars.
  • #42,118
  • Jul 25, 2018 6:54am Jul 25, 2018 6:54am
Quoting Mr. Pip
{quote} The sessions do not matter other then liquidity. The structure expectation is the most important thing. Having an expectation is what matters.
ok thank you!
  • #42,119
  • Edited 8:05am Jul 25, 2018 7:01am | Edited 8:05am
EU: NSL yesterday. waited for deep correction to enter short.
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Edit 1: 1:1 to the down side. and taken out by my trail while typing this update.
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  • #42,120
  • Jul 25, 2018 7:40am Jul 25, 2018 7:40am
Short
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If you fail to plan, you plan to fail.
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