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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

  • #42,521
  • Aug 14, 2018 2:49am Aug 14, 2018 2:49am
Short. Move S/L to B/E when price reaches the blue box.
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  • #42,522
  • Aug 14, 2018 4:52am Aug 14, 2018 4:52am
Update on my longer term trade
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If you fail to plan, you plan to fail.
  • #42,523
  • Aug 14, 2018 5:11am Aug 14, 2018 5:11am
Quoting Mr. Pip
Update on my longer term trade {image} {image}
when will be the nxt livestream?
  • #42,524
  • Aug 14, 2018 5:59am Aug 14, 2018 5:59am
Quoting vladutz112
{quote} when will be the nxt livestream?
I'm shooting for the 21 of August and another one on the 23 of August so two in the week.
If you fail to plan, you plan to fail.
  • #42,525
  • Aug 14, 2018 6:17am Aug 14, 2018 6:17am
Moved S/L to B/E.
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  • #42,526
  • Aug 14, 2018 6:30am Aug 14, 2018 6:30am
Hi Damian,

I locked in some profit and the plan is to start trailing decision candles when prices hits my 1:1. If it fails to do that, I know you normally say things like "suck on it" or "it is at it is". However, I hate to give profits back to the market. So do you have a rule or used to have a rule that locks in profit without choking the trade too much?

Thanks.

Gunnar
  • #42,527
  • Aug 14, 2018 7:27am Aug 14, 2018 7:27am
Morning all
Chopping around in the shorter term OF this morning for +80 Hope everyone has a great trading day
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Always Learning
  • #42,528
  • Aug 14, 2018 7:34am Aug 14, 2018 7:34am
Closed my longer term for 35 points. 17K still looking for longs but looking for cheaper buy in
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If you fail to plan, you plan to fail.
  • #42,529
  • Aug 14, 2018 7:36am Aug 14, 2018 7:36am
on my intraday took 2 trades -5 for the day
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If you fail to plan, you plan to fail.
  • #42,530
  • Aug 14, 2018 7:37am Aug 14, 2018 7:37am
Quoting Bruin813
Hi Damian, I locked in some profit and the plan is to start trailing decision candles when prices hits my 1:1. If it fails to do that, I know you normally say things like "suck on it" or "it is at it is". However, I hate to give profits back to the market. So do you have a rule or used to have a rule that locks in profit without choking the trade too much? Thanks. Gunnar
You can lock in at the 61.8 of the move
If you fail to plan, you plan to fail.
  • #42,531
  • Aug 14, 2018 8:24am Aug 14, 2018 8:24am
Well, fell into an immediate order flow "trap". Was trading the red line order flow due to the choppy nature of today. Lost sight of situation awareness and didn't see the immediate (yellow order flow) break structure at the orange line. Since price was within 1 pip of the lowest point and actually retesting the close of the previous low I decided to go to break even. And in full disclosure a strong bullish candle in an area of support helped me in making that decision . But was nothing more than a retrace on the immediate order flow which hit my BE and then fell all the way to my take profit in no time.

So, today I'm at BE.
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  • #42,532
  • Aug 14, 2018 8:32am Aug 14, 2018 8:32am
Quoting S41nt
Well, fell into an immediate order flow "trap". Was trading the red line order flow due to the choppy nature of today. Lost sight of situation awareness and didn't see the immediate (yellow order flow) break structure at the orange line. Since price was within 1 pip of the lowest point and actually retesting the close of the previous low I decided to go to break even. And in full disclosure a strong bullish candle in an area of support helped me in making that decision . But was nothing more than a retrace on the immediate...
I has long before at main swing , also long at yellow line swing after seeing a IOF NSH , dint expect bear so strong.
BE was right since price has reach structure.
  • #42,533
  • Aug 14, 2018 8:38am Aug 14, 2018 8:38am
Quoting Mr. Pip
{quote} You can lock in at the 61.8 of the move
I like that. Thanks.
  • #42,534
  • Aug 14, 2018 8:59am Aug 14, 2018 8:59am
See I am really that unlucky

I will go short this IOF , if it create NSH , then LOLS
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  • #42,535
  • Aug 14, 2018 9:07am Aug 14, 2018 9:07am
Quoting Mr. Pip
Closed my longer term for 35 points. 17K still looking for longs but looking for cheaper buy in {image}
Good to have you back!
How was the holiday buddy?
"Luck is when opportunity meets preparation"
  • #42,536
  • Aug 14, 2018 9:12am Aug 14, 2018 9:12am
Quoting 6288monkey
See I am really that unlucky I will go short this IOF , if it create NSH , then LOLS {image}
, trading is a business. I am not trying to be mean, but if you are not sure, please stop live Trading, I wish nothing but the best for you, but my advice would be if you are in such a drawdown. Pick a timeframe ( tick chart ) and set a time, that you can ALWAYS TRADE. Lets say in the evening and now go backtest 200 trades. Then after that fund a small live account to make it just about ‘ the process ‘ then it doesn’t matter if you are in a DD, because you know your expectancy and you
know your DD, you don’t have to second guess yourself if you follow your ‘rules’ based trading plan. Make and design an ‘if’ this happens ‘then’ I will need to do that. ‘If’ price gets to my AOI, then i will look for a rotation candle. (Just an example), we all want to see you succeed no harm was ment in this post, just something that might help you! Goodluck!
"Luck is when opportunity meets preparation"
  • #42,537
  • Aug 14, 2018 9:26am Aug 14, 2018 9:26am
Quoting Sheeep44
{quote} , trading is a business. I am not trying to be mean, but if you are not sure, please stop live Trading, I wish nothing but the best for you, but my advice would be if you are in such a drawdown. Pick a timeframe ( tick chart ) and set a time, that you can ALWAYS TRADE. Lets say in the evening and now go backtest 200 trades. Then after that fund a small live account to make it just about ‘ the process ‘ then it doesn’t matter if you are in a DD, because you know your expectancy and you know your DD, you don’t have to second guess yourself...
Hi Sheeep44 , finally have some reply on my post lols

i am on demo , I was always follow plan but " today " seem just not my day

i was following rule , and I don't know how to break the rule

if you see my trade were wrong please tell me.

I will only go live after profitable on demo

i was trading 233tick , and I been using tick chart all the time after I get thinkorswim

time scale was not sure but if I have time , I will trade 2am -2pm ( active hour )

thanks for advice
  • #42,538
  • Aug 14, 2018 9:38am Aug 14, 2018 9:38am
Long.
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"Luck is when opportunity meets preparation"
  • #42,539
  • Aug 14, 2018 9:39am Aug 14, 2018 9:39am
Took 4 trades today.

Long 6E: -15

Short 6E: +45

Short YM: +49

Short YM: -26


A pretty good day. Gaining some confidence here. Can be different tomorrow, though.
  • #42,540
  • Aug 14, 2018 10:01am Aug 14, 2018 10:01am
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