Ratios & Harmonics: a Different Way to Trade

Hello Traders,

Long Trade
EDIT out with +55 per contract

Update on my swing/ position trade. I will probably close this tonight and resume practicing the short term order flow next week.

Trailing aggressively now.

all stops hit. I held this trade for about 1 week.

My total hall was $530,433.78 USD
I started this demo account about 3 weeks ago at $10,000 USD As of the end of the night my time the cash value of this demo account is $710,133.18 USD


According to Ninjatrader8 from October 19th through October 26th all my trades were 100%

Next week, time to practice the smaller order flow and start memorizing my harmonics more proficiently.

Have a great weekend all.

7 Trades today, 3 winners, 3 losers, 1 BE

-6 total

Hi Jay , explaination needed >.<

Hi guys,

Had 4 traders. 3 wins and 1 loss

Last one was stupid because had a lot of emotions after winning strike

Total: +187

Counter trend trade, Price just made weak NSL (white line on chart) was expecting a deep retrace, sellers reentered strong so closed the trade

+114 - Entry: Structure, 38% fib. Nice rotation candle. Exit: I was agrresive with SL bacause of 3 leg up and I was taken out.

Nice weekend!!!

Edit: ... and price reached the 1:1. I left points of the table, but I am happy anyway.

How relaiable its AB=CD Pattern? and theres an indi?

AB = CD was a great projection of price

Indicator for AB = CD was Trendline + just Look

AB = CD can be a system to be traded , but i dont trade it as i dont know how yet

AB = CD trading was Entry at D , SL at 161.80 of A-B , TP at 61.80 of A-D , BE at 38.20 of A-D

Well done! One question tough.. I've been following your posts and you seem to be very good on demo. You've said multiple times that you don't have sufficient funds to trade live...than why don't you try topstep trader ? They are a legit funding company...and you need something like 100$-300$ to try and pass their tests and get funded with a fairly large sum.

Gaston , the last trade was a valid one

I have never heard anything good about Topstep Trader. From what I've heard is they perpetually keep you in sim mode so you have to keep paying them money to "prove yourself". You are better off trading your own money that you can save IMO.

Might be true .. I haven't researched much ..but I do know that there are a couple of options out there about funding. I've read reviews about topstep trader and I know that they have a strict policy about money management so maybe that's what you are referring to as It's just hard to trade without much room for a drawdown but it's still better than paper trading and not having the emotion of being involved with real money.

You not only try as you said yesterday; YOU DO IT.

Congrats.

Thanks for the words of encouragement.
1. Questions are easy, answers are sometimes tough. ha ha ha I believe that one has to be at least successful on demo if they are to have a chance to be successful with real money.

2. When I read your comment about being lent money through Top Stop, the first thought that crossed my mind was. Did you use it yourself with a good experience and thus are promoting them? The other thing that crossed my mind is an ancient Japanese proverb..."Free is the most expensive"... What's in it for Top Stop?

3. Just for fun and curiosity sake, I did google them for a review and added the word "scam" to my web search... ha ha ha Not to mention the person who responded with a less than stellar comment on this thread about them. Here is what I found... https://www.valforex.com/2017/07/topsteptrader-review-scam-akin-to-gambling.html You will have to scroll down past their ad to see the article. At the end of the article there are some comments in a few languages.. Non of them seem to be praise, yet warnings to heeding all to stay away.

4. My own view is that paying someone money to demo trade would give some one real emotion to get their money back. However, I don't think training oneself to revenge trade to get lost trades back is good for trading psychology. That is called revenge trading.
I think that a person who works hard to save up their own money will study hard not to lose it. And I also think people shouldn't invest money that they aren't willing to lose. I do think that a person needs to treat demo trading as though it is a real account. If you lose on demo, then you certainly will lose real money if you train with real money. Can you imagine if there where no flight simulators and not instructors and a person had to learn how to fly a 747 through trial and error. Not much room for mistakes in my view. Maybe they might feel high for brief moment of success, but go crazy and push all kinds of buttons mindlessly as they crash,,etc. ha ha ha
Why not trade demo that is with real market data and when one feels somewhat confident, start trading real money with a goal of how much they are willing to lose before going back to demo to reassess their decision making process? After all, paying a few dollars for a new aged lottery ticket with TopStepTrader is all about chance.
Thus... Luck has no place in trading. Leave that for the poker table.

And don't for get as our mighty leader on this thread says. "Hope will make you go broke"

5. Now, you have mentioned that you have seen my demo trades and that they are well done. Will you fund my YM account? I only need $10,000 USD or more. ha ha ha Just kidding, bro.

Have a great weekend, x3m-PippiN

Great chart, big bro!!! I noticed something on it that I will use for testing some entry levels that I didn't notice before.

Thank you for your support