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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

  • #43,321
  • Sep 27, 2018 5:58am Sep 27, 2018 5:58am
Quoting 6288monkey
{quote} Same here , but after these losses , hardly get back profit or just to breakeven , then combine with shallow correction/no entry ( expectation do play out ) , make me ask myself why I can't get profit haha.
Yes, it's a good point about getting into strong moves when PA is like this. Often it leaves the territory and like you said with few opportunities to get in afterwards. It's why I keep trading these moves even though I have had a few losses. The first move can bring back up to 2 maybe even 3 lost trades. Also after the initial out break spike it can correct for another good entry.... in a perfect world .
As the lights go by so too do the shadows move
  • #43,322
  • Sep 27, 2018 6:31am Sep 27, 2018 6:31am
Luckily manage to go BE my second trade , I will just BE out or small loss shall I was at the screen , when to do something as I though no chance consider the strength up.
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  • #43,323
  • Sep 27, 2018 7:00am Sep 27, 2018 7:00am
Morning all, Trade I am in this morning +25 so far. Trading earlier than usual errands this afternoon hope every one has a good trading day
EDIT: Stopped out @ +25
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Always Learning
  • #43,324
  • Sep 27, 2018 7:39am Sep 27, 2018 7:39am
2nd trade also stopped out @+25
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Always Learning
  • #43,325
  • Sep 27, 2018 7:46am Sep 27, 2018 7:46am
Quoting Matts Micro
Bugger of a chart............. {image}
Rode the pain train and had that sinking feeling of a "bad day at work" then as predicted earlier, 2 trades later and I am back into the green. In the old days after losing the first 2 trades I would of been looking for another chart / tf. Now I feel I have the patience to rely on my trade plan. It may not have worked out but even though I would have had that "bad day at work" feeling (I'm not perfect yet) at least I'm no longer kicking the desk or throwing pens hehe.

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Looks like I'm going to miss the next run without an entry, only had a sos1, was hoping for a 50% correction.
As the lights go by so too do the shadows move
  • #43,326
  • Edited 12:55pm Sep 27, 2018 8:45am | Edited 12:55pm
Last Trades for me today. Was expecting price to climb a little higher into my AOI and wasn't paying attention when it rotated so that's the reason for the not so good entry. +185 total today.
EDIT: Price finally made it to my AOI took one mre trade out@ +243 for today
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Always Learning
  • #43,327
  • Sep 27, 2018 9:03am Sep 27, 2018 9:03am
Had a points here and there.. Unintentional scalping from my stops being hit.

Finally some solid direction.. (While typing.. moved my stop closer.. out for +45)
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Luck has no place in trading. Leave that for the poker table.
  • #43,328
  • Sep 27, 2018 9:09am Sep 27, 2018 9:09am
Quoting Matts Micro
{quote} Rode the pain train and had that sinking feeling of a "bad day at work" then as predicted earlier, 2 trades later and I am back into the green. In the old days after losing the first 2 trades I would of been looking for another chart / tf. Now I feel I have the patience to rely on my trade plan. It may not have worked out but even though I would have had that "bad day at work" feeling (I'm not perfect yet) at least I'm no longer kicking the desk or throwing pens hehe. {image} Looks like I'm going to miss the next run without an entry, only...
Another loss after the big down , do you take this trade?
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  • #43,329
  • Sep 27, 2018 9:10am Sep 27, 2018 9:10am
Reentered long. My target is placed in my area of interest, where I may or may not want to go short.
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Luck has no place in trading. Leave that for the poker table.
  • #43,330
  • Sep 27, 2018 9:11am Sep 27, 2018 9:11am
Quoting JayTrader
Last Trades for me today. Was expecting price to climb a little higher into my AOI and wasn't paying attention when it rotated so that's the reason for the not so good entry. +185 total today. EDIT: Price finally made it to my AOI took one mre trade out@ +223 for today {image}
Jay trader , where was your SL for the last short on the picture if you don't mind telling. You seem to have very high win rate
  • #43,331
  • Sep 27, 2018 9:14am Sep 27, 2018 9:14am
Quoting Pair-me-up
Reentered long. My target is placed in my area of interest, where I may or may not want to go short. {image}
Don't understand your SL , also if we expect a correction ，that was a shallow one with resistance looking to left ( previous high ), mind explain more?
  • #43,332
  • Edited 11:54am Sep 27, 2018 9:17am | Edited 11:54am
Quoting 6288monkey
{quote} Jay trader , where was your SL for the last short on the picture if you don't mind telling. You seem to have very high win rate
Hope this helps I also initially take partial profit and move to break even fast. Works for me SL usually runs about 40 points or less per position
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Always Learning
  • #43,333
  • Sep 27, 2018 9:34am Sep 27, 2018 9:34am
Locked in +5 for my Break Even
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Luck has no place in trading. Leave that for the poker table.
  • #43,334
  • Sep 27, 2018 9:40am Sep 27, 2018 9:40am
Added the slip knot. A.K.A. aggressive trailing.
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Luck has no place in trading. Leave that for the poker table.
  • #43,335
  • Sep 27, 2018 9:42am Sep 27, 2018 9:42am
Quoting Sheeep44
Short. Analysis found here: https://www.tradingview.com/chart/AUDUSD/hruM2eXY-LLLC-a-TC-trade-at-market/
isnt it a different technique dude?
Profit growth tells you the trader ability.
  • #43,336
  • Sep 27, 2018 9:47am Sep 27, 2018 9:47am
out for +52 O.k. now watching to see if price can get to my area of interest.
Luck has no place in trading. Leave that for the poker table.
  • #43,337
  • Sep 27, 2018 10:14am Sep 27, 2018 10:14am
2win 2 lose from picture , one more lose dint shown here , waiting for correction to short now
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  • #43,338
  • Sep 27, 2018 10:29am Sep 27, 2018 10:29am
3 BE and finally 1 win after losing 5 trade in a row haha.

On latest trade I trailing aggressively since there are two 1 to 1 on that area.

Looking back I could be more aggressive on that third trade since there are resistance zone from long-term swing on the left.
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  • #43,339
  • Sep 28, 2018 12:41am Sep 28, 2018 12:41am
Hi Mr.Pip , would like to know what should we expect for our account performance

example

+3 -1 +3 -1 +3 -1

or

+2 - 1 +1 -3 +3 -3 +2 -1 +5 -1 -1 -1 +3 -3 -2 +5 -2 - 2 +1 +1

i mean as we dont know what to expect , quite frustrating when we see firstly Account Up 300usd then down to -100usd again Or firstly down -300 then up to breakeven , seem like doing thing wrongly if we dont know what to expect at our performance.

as currently my expectation was the account should always stay on positive side if i am doing thing right , thus when have negative just keep feeling i am doing something wrong. ( though i dint track my performance correctly , at what rate should our account on positive side , a month , few month ? )

thanks
  • #43,340
  • Sep 28, 2018 12:44am Sep 28, 2018 12:44am
This live session was a very good one on Ranging market and Overextended market also No entry situation + ( decisive when not to entry )

this was the hardest or tricky part with trading

while trending market are much easier to manage

https://www.youtube.com/watch?v=myjNIAkz8KA
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