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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

  • #43,741
  • Oct 25, 2018 5:40am Oct 25, 2018 5:40am
Quoting evocpr19
{quote} Congrats. First trade of the first chart is a low probability trade for me: Compare the previous down move and the corresponding up move. On the downmove: nearly vertical line with nearly no bulls interaction. On the way up, price made immediate NSHs, but with deep corrections. So it is unlikely that you will also achieve also a mid term NSH.
Yeah, my two first trades were, to put it mildly, not very smart. But I'm glad I was able to recover.

Thaks, evo
  • #43,742
  • Oct 25, 2018 6:17am Oct 25, 2018 6:17am
Quoting evocpr19
{quote} Just before Christmas you are going to take profit? (just kidding). I do not really understand how you built your case (ref swing, TP,...) but ok I am rubbish on such long term trades. I prefer to close within a given day my trade(s).

Ha ha ha.. In the last two weeks, I took a $10,000 demo account to just under $200,000. So, I decided to see if there was any long term setups. After all... if I ever have millions, then I want to know how to do a long term trade. So, my setup is on the higher order flow. I still look at the smaller order flow to see if it is time to cut it. The current trade I have been in has been 5 days thus far.

I don't want to go away from the rules of this thread mistakenly, so I just post the chart that Mr. Pip is teaching. After this trade, then I will go back to marking up the shorter term order flow.

As far as my reference swing.. there is not enough data on the 233 tick chart to see it clearly.

I will send you some of my charts if you would like to see my crazy setup. ha ha ha
Luck has no place in trading. Leave that for the poker table.
  • #43,743
  • Oct 25, 2018 6:25am Oct 25, 2018 6:25am
Quoting Pair-me-up
{quote} Ha ha ha.. In the last two weeks, I took a $10,000 demo account to just under $200,000. So, I decided to see if there was any long term setups. After all... if I ever have millions, then I want to know how to do a long term trade. So, my setup is on the higher order flow. I still look at the smaller order flow to see if it is time to cut it. The current trade I have been in has been 5 days thus far. I don't want to go away from the rules of this thread mistakenly, so I just post the chart that Mr. Pip is teaching. After this trade, then...
Good day, Sir

I read a lot of your posts from the beginning of this year. You had amount of great trades during this period.

Why you dont want to start real account with small capital?
  • #43,744
  • Oct 25, 2018 7:17am Oct 25, 2018 7:17am
Quoting Bogdanlinee
{quote} Good day, Sir I read a lot of your posts from the beginning of this year. You had amount of great trades during this period. Why you dont want to start real account with small capital?
Thanks for the complement. I am saving my capital for a futures account. There are a few areas that I still don't feel that confident on. I have never traded futures before... I need to be at a god or demi god level to have good confidence. There are still some things that I need to memorize. I think it is a lot to take in.
Luck has no place in trading. Leave that for the poker table.
  • #43,745
  • Oct 25, 2018 7:43am Oct 25, 2018 7:43am
Since I will not have time to trade at NY open, I took this one. Trailed a bit too aggressive.
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  • #43,746
  • Oct 25, 2018 8:20am Oct 25, 2018 8:20am
ABCD Completion +20
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  • #43,747
  • Oct 25, 2018 9:36am Oct 25, 2018 9:36am
Hello Traders,
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Time is an illusion, timing is an art.
  • #43,748
  • Oct 25, 2018 10:44am Oct 25, 2018 10:44am
Quoting JeanValJean.
Hello Traders, {image}
Tu cartonnes le Forex.
  • #43,749
  • Oct 25, 2018 10:47am Oct 25, 2018 10:47am
Quoting Stewardpips
Hi team, I have a question. In Fibonacci retracement, some systems use 76.4%, others use 78.6%, which is the correct one, if we use different ratios to mean the same thing does it lead to the same results, which one is the right one to use. TIA
Still waiting for answer to this..

somebody please advise...
  • #43,750
  • Oct 25, 2018 11:01am Oct 25, 2018 11:01am
guys i was wondering do you wait for price to get to 61.8-78.6 before considering entering a trade or you also trade at 38.2?
  • #43,751
  • Oct 25, 2018 11:02am Oct 25, 2018 11:02am
Quoting vladutz112
guys i was wondering do you wait for price to get to 61.8-78.6 before considering entering a trade or you also trade at 38.2?
I use both, depends on the immediate PA.
  • #43,752
  • Oct 25, 2018 11:11am Oct 25, 2018 11:11am
Quoting evocpr19
{quote} I use both, depends on the immediate PA.
i'm curios what's you winning percentage since u are one of the "masters"
  • #43,753
  • Oct 25, 2018 11:29am Oct 25, 2018 11:29am
Busy day, 8 trades, 4 winners, 4 losers, 2 failed rescues. In hindsight I'm not in love with either of the losing trades I took.
Finishing +98
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  • #43,754
  • Oct 25, 2018 11:42am Oct 25, 2018 11:42am
Quoting Stewardpips
{quote} Still waiting for answer to this.. somebody please advise...
I believe there is no right or wrong answer to this question. the difference is not huge. the platform I use is 76.40 by default.
Time is an illusion, timing is an art.
  • #43,755
  • Oct 25, 2018 11:43am Oct 25, 2018 11:43am
Quoting evocpr19
{quote} Tu cartonnes le Forex.
I try, I try to accumulate enough and return to the Ym1!
Time is an illusion, timing is an art.
  • #43,756
  • Oct 25, 2018 12:10pm Oct 25, 2018 12:10pm
Took lots of trades today but this was one of the Harmonics on the 1589T chart.
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  • #43,757
  • Oct 25, 2018 1:41pm Oct 25, 2018 1:41pm
Hi all.

6 trades

Total: + 191 points
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  • #43,758
  • Oct 25, 2018 2:00pm Oct 25, 2018 2:00pm
Quoting JeanValJean.
{quote} I believe there is no right or wrong answer to this question. the difference is not huge. the platform I use is 76.40 by default.
Thanks Jean. Mine is also 76.4%.

Your reply is much appreciated.

Cheers!!
  • #43,759
  • Oct 26, 2018 3:52am Oct 26, 2018 3:52am
ABCD Completion +16
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  • #43,760
  • Oct 26, 2018 4:48am Oct 26, 2018 4:48am
+20
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