Ratios & Harmonics: a Different Way to Trade | Page 2158 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #43,141
  • Sep 18, 2018 11:13am Sep 18, 2018 11:13am
Hello Traders, Here is the link to the live stream. I hope it holds tremendous value.

https://youtu.be/HkEPsgcua1g
If you fail to plan, you plan to fail.
  • #43,142
  • Sep 18, 2018 11:24am Sep 18, 2018 11:24am
Quoting Mr. Pip
Hello Traders, Here is the link to the live stream. I hope it holds tremendous value. https://youtu.be/HkEPsgcua1g
Thanks for the session. As always great insight of execution.
One Good Trade
  • #43,143
  • Sep 18, 2018 12:56pm Sep 18, 2018 12:56pm
US30 short (against expectation) from area with multiple confluence of harmonic 1:1 completions and fib extensions.
SL above the area
Started trailing candles where ABCD to the downside completed with small abcd in second leg, at 61.8 correction of large swing up.
Taken out at +42 points

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
  • #43,144
  • Sep 18, 2018 1:37pm Sep 18, 2018 1:37pm
Quoting Nikster
Today was a bit frustrating to got stopped out a lot and then to see that target would be reached. First trade was a AB=CD because the 61.8 was almost reached and therefore not an ABCD so I placed my stop behind the 61.8 of the larger swing and that zone was also a possible target for a three drives. My tradeplan says that I, for now, only trade ABCDs or AB+CDs which correct deeper then 61.8 so this trade was close to my tradeplan but I shouldn't have take it. second trade was BE, then I had some losses but the two winners in the end made that I...
Hey Nikster did you get positive results over the 300 trades with this approach?
Seems to me that you can expect to be taken out many times with a loss or at BE, as you don't take into account the context of the market.
I understand that it is a very mechanical way to trade and I wish you all the best with it.
But not sure if this is profitable in the long run?
  • #43,145
  • Sep 18, 2018 11:10pm Sep 18, 2018 11:10pm
Quoting PeterT
{quote} Hey Nikster did you get positive results over the 300 trades with this approach? Seems to me that you can expect to be taken out many times with a loss or at BE, as you don't take into account the context of the market. I understand that it is a very mechanical way to trade and I wish you all the best with it. But not sure if this is profitable in the long run?
Peter, With the 300 trades I was 66% of the time profitable and since the risk/reward is great like you saw on my trades yesterday, a couple of losses are no problem. And I also think that trading with the OF gives a better chance of succes but when you expect a LH/HL with this approach you can trade them also like the last 2 trades. The next step will be to take projection, depth and momentum into consideration to see if I can improve it

There was a guy who had tested the ABCDs with C entries with kind of the same mechanical approach and he also has a journal where you could see his results (Broncocap I believe it was). He had very good results with it.
  • #43,146
  • Sep 18, 2018 11:27pm Sep 18, 2018 11:27pm
Quoting Nikster
{quote} Peter, With the 300 trades I was 66% of the time profitable and since the risk/reward is great like you saw on my trades yesterday, a couple of losses are no problem. And I also think that trading with the OF gives a better chance of succes but when you expect a LH/HL with this approach you can trade them also like the last 2 trades. The next step will be to take projection, depth and momentum into consideration to see if I can improve it There was a guy who had tested the ABCDs with C entries with kind of the same mechanical approach and...
Okay good luck with it
Keep sharing your results
  • #43,147
  • Sep 19, 2018 5:16am Sep 19, 2018 5:16am
Opened the chart and saw this opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 266 KB
  • #43,148
  • Sep 19, 2018 6:51am Sep 19, 2018 6:51am
I got greedy and got in a bit too early. I was surprised at the sudden bull strength. This might be a losing trading. I need to work on my fib extensions. Let's see how this plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 79 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,149
  • Sep 19, 2018 7:01am Sep 19, 2018 7:01am
Quoting evocpr19
Opened the chart and saw this opportunity. {image}
Hi evocpr, good trade. I got in as well even earlier. I closed it at 1:1 of orange swing. I also considered it as a good buying signal so I took it with PT at 61,8 fibo retracement. I had to go AFK for a moment and I missed that great up move. Never mind, I banked 89 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_09_19 (15_58_05).png Size: 152 KB
  • #43,150
  • Sep 19, 2018 7:24am Sep 19, 2018 7:24am
This is how you get price to listen to you. More on this on the next live stream.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_09_19 (10_23_27 AM).png Size: 52 KB
If you fail to plan, you plan to fail.
  • #43,151
  • Sep 19, 2018 7:26am Sep 19, 2018 7:26am
+23
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_09_19 (10_26_02 AM).png Size: 59 KB
If you fail to plan, you plan to fail.
  • #43,152
  • Sep 19, 2018 7:31am Sep 19, 2018 7:31am
Quoting Mr. Pip
This is how you get price to listen to you. More on this on the next live stream. {image}
Why didn't you tell us earlier????
  • #43,153
  • Sep 19, 2018 7:32am Sep 19, 2018 7:32am
Quoting Mr. Pip
This is how you get price to listen to you. More on this on the next live stream. {image}
Arrow tech, awesome!
Wow! I've got some experience to gain.
  • #43,154
  • Sep 19, 2018 7:32am Sep 19, 2018 7:32am
Quoting Mr. Pip
+23 {image}
Nice! Took the same trade.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_09_19 (16_31_22).png Size: 59 KB
  • #43,155
  • Sep 19, 2018 7:37am Sep 19, 2018 7:37am
Quoting Hansl
{quote} Nice! Took the same trade. {image}
I took the same trade too.
But I was the only that didn't take profit because the 1:1 was not reached by a point and/or I was too slow
I need to be a little bit looser on my targets I guess..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #43,156
  • Sep 19, 2018 7:43am Sep 19, 2018 7:43am
Quoting Pair-me-up
I got greedy and got in a bit too early. I was surprised at the sudden bull strength. This might be a losing trading. I need to work on my fib extensions. Let's see how this plays out. {image}
Out. Next.
Luck has no place in trading. Leave that for the poker table.
  • #43,157
  • Sep 19, 2018 7:43am Sep 19, 2018 7:43am
Quoting PeterT
{quote} I took the same trade too. But I was the only that didn't take profit because the 1:1 was not reached by a point and/or I was too slow I need to be a little bit looser on my targets I guess.. {image}
Trading god gave me a second chance.
+24 points

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB
  • #43,158
  • Sep 19, 2018 7:55am Sep 19, 2018 7:55am
Quoting Mr. Pip
This is how you get price to listen to you. More on this on the next live stream. {image}

guest star Harry Pip Poter , on the next live stream
learn more , earn more
  • #43,159
  • Sep 19, 2018 7:58am Sep 19, 2018 7:58am
Let's see if it works again.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_09_19 (10_57_30 AM).png Size: 58 KB
If you fail to plan, you plan to fail.
  • #43,160
  • Sep 19, 2018 7:59am Sep 19, 2018 7:59am
Quoting Mr. Pip
Let's see if it works again. {image}
I'm in on this one, no arrow tech for me though.
Wow! I've got some experience to gain.
4 traders viewing now