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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

  • #43,341
  • Sep 28, 2018 3:22am Sep 28, 2018 3:22am
Quoting 6288monkey
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. {image}
I am not sure where you entered and took your exit and what does these dotted lines mean. Could you please specify how to read that on your charts?
  • #43,342
  • Sep 28, 2018 4:18am Sep 28, 2018 4:18am
Quoting evocpr19
{quote} I am not sure where you entered and took your exit and what does these dotted lines mean. Could you please specify how to read that on your charts?
Arrow = my entry candle , closing price was entry

Dotted Line = my SL also show the swing i am trading

if not clear i can clarify further

the bigger picture was at post 43,319

i dint trade on that platform ( thinkorswim ) just that it provide tick chart

i execute my trade on MT4

i manage to win on the 2nd trade , but it has 100% correction thus i will get out when price goes back to entry , not on screen at that time , my trading hour was rather long , as long as i am free i will look at chart , seem to be able to be profitable for now but few losses will take away quite big amount of profit . ( demo )
  • #43,343
  • Edited 6:13am Sep 28, 2018 4:29am | Edited 6:13am
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2nd picture , entry at 38.20 taken out by trail

3rd picture , 20pips achieve , should I stop trading now?
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  • #43,344
  • Sep 28, 2018 6:27am Sep 28, 2018 6:27am
Took this aggressive C. my timing was off, but it turned out alright. Taken out while typing. +68
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Luck has no place in trading. Leave that for the poker table.
  • #43,345
  • Edited 9:47am Sep 28, 2018 6:39am | Edited 9:47am
Short

2nd picture , 3 short BE out with 100% correction , I when long
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  • #43,346
  • Sep 28, 2018 9:05am Sep 28, 2018 9:05am
The last two days, I spent too much time on my trades. So today a "short" trade. A simple 1:1

PS: 6288monkey: Give me some time with your charts. I find them difficult to read and those without structure on the left are of limited use (at least for my trading style).
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  • #43,347
  • Edited 10:34am Sep 28, 2018 9:27am | Edited 10:34am
Quoting evocpr19
The last two days, I spent too much time on my trades. So today a "short" trade. A simple 1:1 PS: 6288monkey: Give me some time with your charts. I find them difficult to read and those without structure on the left are of limited use (at least for my trading style). {image}
Nice trade , sure no problem , i am the one who should read your trade haha

Edit : evocpr - my time here was gmt+8 , ninjatrader should have same chart 6E data.
  • #43,348
  • Sep 28, 2018 11:03am Sep 28, 2018 11:03am
Quoting evocpr19
The last two days, I spent too much time on my trades. So today a "short" trade. A simple 1:1 PS: 6288monkey: Give me some time with your charts. I find them difficult to read and those without structure on the left are of limited use (at least for my trading style). {image}
Hi Evo, Congrats for your trade!!

Why were you looking for longs? Where was your initial SL?
I was expeting a deep PB (or a NSL, I was not sure because of the tiny NSH). I obviosly read it wrong... jeje

Thank you,
Gaston
Attached Image
  • #43,349
  • Sep 28, 2018 11:04am Sep 28, 2018 11:04am
I just got back from the movies with my wife. We saw "Searching". It was quite good.

I took one more trade just before I left, but I for got to get a screen shot. Anyways, it hit my TP.


The reason I had taken this trade was because it was a D completion of a larger ABCD pattern that entered a strong Demand Zone.
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Luck has no place in trading. Leave that for the poker table.
  • #43,350
  • Sep 28, 2018 11:10am Sep 28, 2018 11:10am
Here is a zoomed out chart for those that want to see what I was observing.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #43,351
  • Sep 28, 2018 11:18am Sep 28, 2018 11:18am
One more... on the 1597 tick chart. If I did something wrong let me know. Also, watch the live streams to see how Mr. Pip does it.
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Luck has no place in trading. Leave that for the poker table.
  • #43,352
  • Sep 28, 2018 11:46am Sep 28, 2018 11:46am
Quoting gastonforex
{quote} Hi Evo, Congrats for your trade!! Why were you looking for longs? Where was your initial SL? I was expeting a deep PB (or a NSL, I was not sure because of the tiny NSH). I obviosly read it wrong... jeje Thank you, Gaston {image}
My SL was below my reference swing (second yellow line). The main swing that you draw has been violated. My entry was on 61.8 fib of my ref. swing and 38.2 of the fib including the first 2 yellow lines (lowest low and the high of the current ref swing). Moreover, small 1:1 completion into my 61.8 fib, good structure,.. => long
  • #43,353
  • Sep 28, 2018 11:50am Sep 28, 2018 11:50am
Short
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Luck has no place in trading. Leave that for the poker table.
  • #43,354
  • Sep 28, 2018 12:06pm Sep 28, 2018 12:06pm
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"Luck is when opportunity meets preparation"
  • #43,355
  • Sep 28, 2018 12:10pm Sep 28, 2018 12:10pm
Out for +24 It is passed my bedtime. Have a great weekend everyone!
Luck has no place in trading. Leave that for the poker table.
  • #43,356
  • Sep 28, 2018 12:12pm Sep 28, 2018 12:12pm
Done for today , wonder I should stop trading after 20pips profit haha

those circle on chart are what I traded ( just a rough idea ) , miss the bull though.

7usd was the commission , those are BE
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  • #43,357
  • Sep 28, 2018 2:44pm Sep 28, 2018 2:44pm
Quoting evocpr19
{quote} My SL was below my reference swing (second yellow line). The main swing that you draw has been violated. My entry was on 61.8 fib of my ref. swing and 38.2 of the fib including the first 2 yellow lines (lowest low and the high of the current ref swing). Moreover, small 1:1 completion into my 61.8 fib, good structure,.. => long
Evo, thank you for the response

I was expecting at least a deep PB to the blue box because of the tiny NSH and the lost on momentum (blue and yellow lines).
I still have some issues about what to expect.

Nice weekend!!!
Attached Image (click to enlarge)
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  • #43,358
  • Sep 28, 2018 8:19pm Sep 28, 2018 8:19pm
Quoting gastonforex
{quote} Evo, thank you for the response I was expecting at least a deep PB to the blue box because of the tiny NSH and the lost on momentum (blue and yellow lines). I still have some issues about what to expect. Nice weekend!!! {image}
Hi Gaston , price just doesn't goes to your expected area , but it has corrected to 38.20 atleast , and the next swing has entry signal. You did nothing wrong , just have to wait fo signal.
  • #43,359
  • Sep 29, 2018 12:08am Sep 29, 2018 12:08am
Hi Damian and everyone,

Been following this thread for quite sometime now, watched the great videos and learnt the trading style taught by damian. The video content is very impressive(well structured), well done! Busy putting my trading plan down on paper which is based on the rules in this thread. Looking forward to learning on this forum
  • #43,360
  • Sep 29, 2018 12:14am Sep 29, 2018 12:14am
I had a rough week on EURUSD
8 Trades
1 BE
1 Win
6 Losses
1 trader viewing now