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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

  • #42,761
  • Aug 24, 2018 8:50am Aug 24, 2018 8:50am
Quoting Pair-me-up
Just now, when I clicked on the subscription link that I have for this thread, it said that this thread doesn't exist. That is so weird. Anyone else having this issue?
no problem for me
  • #42,762
  • Aug 24, 2018 8:54am Aug 24, 2018 8:54am
Quoting Pair-me-up
Just now, when I clicked on the subscription link that I have for this thread, it said that this thread doesn't exist. That is so weird. Anyone else having this issue?
Same issue if you click on "last post". Seems like FF is doing some changes to the forum.
  • #42,763
  • Aug 24, 2018 8:56am Aug 24, 2018 8:56am
Expectation failure. Looks like today's session is gonna be spent on watching yesterday's live stream and waiting for the deep retracement.

my main swing is now the larger fib ratio, possibly the expectation failure of the smaller fib ratio. does that mean that my main swing is now medium term OF and not suitable for intraday trading?
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  • #42,764
  • Aug 24, 2018 8:57am Aug 24, 2018 8:57am
Quoting steos
{quote} zooming in the 233T. these are the immediare areas of defense by bulls and bears. {image}
A strong close below 707 is needed for the short term to align with the longer term expectation.
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  • #42,765
  • Aug 24, 2018 9:38am Aug 24, 2018 9:38am
YM - SL triggered -30.
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  • #42,766
  • Aug 24, 2018 9:39am Aug 24, 2018 9:39am
Quoting steos
{quote} A strong close below 707 is needed for the short term to align with the longer term expectation. {image}
stopped out -65 points
next
  • #42,767
  • Aug 24, 2018 9:41am Aug 24, 2018 9:41am
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  • #42,768
  • Aug 24, 2018 9:43am Aug 24, 2018 9:43am
+71
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  • #42,769
  • Aug 24, 2018 9:47am Aug 24, 2018 9:47am
Initially I was going short, but then had an expectation failure. The bulls moved up with a lot of strength. Also, from Mr.Pip's videos from this week and some previous ones as well. I noticed some of those B.S. candles and tried to not let them freak me out. I looked to see if it was in the right place.. and it wasn't and as you can see, I went long.

I lost -20 on my first trade. This bull trade has allowed me to not be concerned with my first loss and focus on a possible better set up.

I hope everyone is learning from those videos.
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Luck has no place in trading. Leave that for the poker table.
  • #42,770
  • Aug 24, 2018 9:48am Aug 24, 2018 9:48am
Better today 53 points so far trail got me out too soon but it does not matter rules are rules
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If you fail to plan, you plan to fail.
  • #42,771
  • Aug 24, 2018 9:50am Aug 24, 2018 9:50am
Quoting Mr. Pip
Better today 53 points so far trail got me out too soon but it does not matter rules are rules {image}
Thanks to You, Damian
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  • #42,772
  • Aug 24, 2018 9:55am Aug 24, 2018 9:55am
Quoting endofwave
{quote} Thanks to You, Damian {image}
Beautiful!!!!
If you fail to plan, you plan to fail.
  • #42,773
  • Aug 24, 2018 10:40am Aug 24, 2018 10:40am
My 3rd trade for the night. I entered a bit early. Then I tried to identify where the buyers were entering and added one more position.
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Luck has no place in trading. Leave that for the poker table.
  • #42,774
  • Aug 24, 2018 10:47am Aug 24, 2018 10:47am
Quoting csternfx
+71 {image}
Hey csternfx, nice trade. How did you manage your trade? I assume you did not trail on decision candle, otherwise you would have been taken out, right?
  • #42,775
  • Aug 24, 2018 10:53am Aug 24, 2018 10:53am
Quoting Bruin813
{quote} Hey csternfx, nice trade. How did you manage your trade? I assume you did not trail on decision candle, otherwise you would have been taken out, right?
I was trailing a couple candles back. I gave it more room based on the strong move that broke previous structure. When it hits the 127, my stop was below the big candle that broke the previous nsh
  • #42,776
  • Aug 24, 2018 10:59am Aug 24, 2018 10:59am
I finally got to break even. I might just cut it since it is about quiting time.

Have a great weekend all.
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Luck has no place in trading. Leave that for the poker table.
  • #42,777
  • Aug 24, 2018 12:17pm Aug 24, 2018 12:17pm
+ 14 for the day.
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  • #42,778
  • Aug 24, 2018 1:21pm Aug 24, 2018 1:21pm
YM - only managed to net +11 today.

Still working on my longer term trading on demo. I never know what to do with these heading into the weekend.
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  • #42,779
  • Edited Aug 25, 2018 12:10am Aug 24, 2018 3:41pm | Edited Aug 25, 2018 12:10am
Just traded the EUR/USD 21 tick chart a few hours for training purposes. I can't believe how difficult it is to stay disciplined, even on a demo account (or maybe it is because of the demo account ). The tendency to recover from a loss a.s.a.p. is so big. Imagine if I'm able to overcome that bad habit...
  • #42,780
  • Aug 24, 2018 6:03pm Aug 24, 2018 6:03pm
Took one trade this week, in the red almost 19 pips. Just how it goes some times.
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Damn The Torpedoes, Full Speed Ahead!
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