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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

  • #42,861
  • Aug 30, 2018 9:15am Aug 30, 2018 9:15am
Out with+71 trailing on smaller time Frame
Hope you all have a Great Trading Day
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Always Learning
  • #42,862
  • Aug 30, 2018 10:55am Aug 30, 2018 10:55am
Had an aggressive trailing day on NQ. Felt obliged to trail all the time.
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  • #42,863
  • Aug 30, 2018 11:01am Aug 30, 2018 11:01am
Gyus, would you have handled my trade differently? Would you have brought sl to BE? I was hoping for 1:1. Thanks
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  • #42,864
  • Aug 30, 2018 11:11am Aug 30, 2018 11:11am
Here is my trading session. Please correct my mistakes if you see any
Thanks
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  • #42,865
  • Aug 30, 2018 11:24am Aug 30, 2018 11:24am
Ratios & Harmonics
EU sell.
the edge of S/R looks strong
Profit growth tells you the trader ability.
  • #42,866
  • Aug 30, 2018 11:27am Aug 30, 2018 11:27am
Quoting Bruin813
{quote} Hey sheep, did you enter this trade? I got stopped out overnight.
yup but I couldn't give more than 2 cents, because the trade met my trading rules, so it was a good trade no matter the outcome.
"Luck is when opportunity meets preparation"
  • #42,867
  • Aug 30, 2018 12:23pm Aug 30, 2018 12:23pm
Quoting WestVillage
Here is my trading session. Please correct my mistakes if you see any Thanks {image}
In my view, your last trade is not ideal. You went short on a major level of support (look left) and this was the golden ratio area of the swing that I draw in my chart.

Hope this helps.
  • #42,868
  • Aug 30, 2018 12:24pm Aug 30, 2018 12:24pm
Long.
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"Luck is when opportunity meets preparation"
  • #42,869
  • Aug 30, 2018 12:41pm Aug 30, 2018 12:41pm
Quoting evocpr19
{quote} In my view, your last trade is not ideal. You went short on a major level of support (look left) and this was the golden ratio area of the swing that I draw in my chart. Hope this helps.
Thank you for the advise. I’ll be more careful next time
  • #42,870
  • Aug 30, 2018 1:11pm Aug 30, 2018 1:11pm
Quoting majrou666
Gyus, would you have handled my trade differently? Would you have brought sl to BE? I was hoping for 1:1. Thanks {image}
I am not an expert on patterns (do not trade them), but if I remember right, Mr. Pip would go to BE at 38.2 fib and target would be the 61.8. So normally you would have been taken out for BE.
  • #42,871
  • Aug 30, 2018 1:22pm Aug 30, 2018 1:22pm
Afternoon Trade stopped out @ +102
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Always Learning
  • #42,872
  • Aug 30, 2018 1:41pm Aug 30, 2018 1:41pm
Quoting JayTrader
Afternoon Trade stopped out @ +102 {image}
+94 for me on the same trade, a bit earlier entry.
  • #42,873
  • Aug 31, 2018 12:43am Aug 31, 2018 12:43am
Quoting evocpr19
{quote} I am not an expert on patterns (do not trade them), but if I remember right, Mr. Pip would go to BE at 38.2 fib and target would be the 61.8. So normally you would have been taken out for BE.
Thanks evocpr. I did not trade the pattern I used it as a confluence. My question was more about moving sl to BE when trade was 40 pips in profit and finished in loss. If I am right Damian moves sl usually when price gets to swing low / high. Is 40 pips enough room for trade to "breathe"? I do not know. Thank you.
  • #42,874
  • Aug 31, 2018 2:33am Aug 31, 2018 2:33am
Morning guys,
here is my first today +33. I did not wait till 1:1 completion but price may get there.
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  • #42,875
  • Aug 31, 2018 4:05am Aug 31, 2018 4:05am
eurusd short +16 on ranging market
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  • #42,876
  • Aug 31, 2018 5:38am Aug 31, 2018 5:38am
Quoting majrou666
{quote} Thanks evocpr. I did not trade the pattern I used it as a confluence. My question was more about moving sl to BE when trade was 40 pips in profit and finished in loss. If I am right Damian moves sl usually when price gets to swing low / high. Is 40 pips enough room for trade to "breathe"? I do not know. Thank you.
The question of breathing is more a question of what was your expectation?

Price worked 3 hours after your long entry to finally achieve a shorter term 1:1. Hence, bulls were not that healthy. Longer term expectation was still a NSl with deep retracement. So I would be more aggressive with trailing.
However, this implies also that you might be taken out prematurely.

Hope this helps.
  • #42,877
  • Aug 31, 2018 8:48am Aug 31, 2018 8:48am
Painfree trade on NQ, but trailed a bit too aggressive.
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  • #42,878
  • Aug 31, 2018 9:30am Aug 31, 2018 9:30am
Here is my first trade on NQ today. My session just started...let's see how it goes...
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  • #42,879
  • Aug 31, 2018 10:06am Aug 31, 2018 10:06am
Probably only trade for me today Stopped out @+25 Hope you all Have a Happy safe Holiday weekend
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Always Learning
  • #42,880
  • Aug 31, 2018 10:10am Aug 31, 2018 10:10am
eurusd short
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