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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

  • #44,321
  • Jan 8, 2019 10:57am Jan 8, 2019 10:57am
Quoting Lawnman
Here are my (demo) YM trades for today. -19, -41, -40 and +2; total -98... Man, I suck! I went ice skating with my wife and kids, so I traded after lunch. {image}
That's just a bad day buddy! Shake it off and onto next!
  • #44,322
  • Edited 12:34pm Jan 8, 2019 11:48am | Edited 12:34pm
Long eur/usd from 1.4444 with break even now. Looking for that break of 1.4484! Based off of 1 hr expectation.

Got our at b/e +1 boohoo next
instagram: stepbystepforex
  • #44,323
  • Jan 8, 2019 1:09pm Jan 8, 2019 1:09pm
Missed the fib 618 by few points
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  • #44,324
  • Jan 8, 2019 1:27pm Jan 8, 2019 1:27pm
1 trade for me today, +148
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  • #44,325
  • Jan 8, 2019 2:37pm Jan 8, 2019 2:37pm
Quoting pradlal
{quote} That's just a bad day buddy! Shake it off and onto next!
Thanks buddy!

Here are my YM trades today, better than yesterday, but still red. Of course I had to get back to work right before the nice drop around 10:40 est.

First trade, same as pradlal, good R:R, but stepped in front of a freight train. -21

Second, possibly a bit trigger happy as the NSL was very weak +failed rescue attempt. -13 -36

Third, got in early, successful rescue. I had my stop above structure and the 38.2 of the larger swing. +43, +15

Total: -12
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_08 (3_28_41 PM).png Size: 142 KB
Wow! I've got some experience to gain.
  • #44,326
  • Jan 8, 2019 2:53pm Jan 8, 2019 2:53pm
Hey everyone, I was wondering where the best place to start in this thread is so I can be up to date with what you all are doing? I've read the first post and watched the first two videos from Mr. Pip's lessons on Youtube. Do you all still use the 15 min to determine your expected outcomes or just following the 233/144 tick charts? Thanks!
  • #44,327
  • Jan 8, 2019 2:57pm Jan 8, 2019 2:57pm
Quoting stefan416
Hey everyone, I was wondering where the best place to start in this thread is so I can be up to date with what you all are doing? I've read the first post and watched the first two videos from Mr. Pip's lessons on Youtube. Do you all still use the 15 min to determine your expected outcomes or just following the 233/144 tick charts? Thanks!
Start here: https://www.forexfactory.com/showthread.php?p=8722695#post8722695
Watch all of the youtube videos including live sessions. Enjoy.
The timeframe you trade is going to depend on your schedule and taste.
Process over outcome.
  • #44,328
  • Jan 8, 2019 3:00pm Jan 8, 2019 3:00pm
Quoting stefan416
Hey everyone, I was wondering where the best place to start in this thread is so I can be up to date with what you all are doing? I've read the first post and watched the first two videos from Mr. Pip's lessons on Youtube. Do you all still use the 15 min to determine your expected outcomes or just following the 233/144 tick charts? Thanks!

He says what page # to jump to in the first couple posts, I cant remember. Most seem to use the 89/144/233 tick, but the system should work on any TF. Definitely watch all the videos, lessons and especially the live trading sessions.

Edit: Chrysmere beat me to it
Wow! I've got some experience to gain.
  • #44,329
  • Jan 8, 2019 3:17pm Jan 8, 2019 3:17pm
Quoting stefan416
Hey everyone, I was wondering where the best place to start in this thread is so I can be up to date with what you all are doing? I've read the first post and watched the first two videos from Mr. Pip's lessons on Youtube. Do you all still use the 15 min to determine your expected outcomes or just following the 233/144 tick charts? Thanks!
Do as Chrysmere and Lawnman said with the videos and thread reading. I would suggest posting a chart with your thoughts like this one live or at the end of the day. Identify the different order flows, IOF = immediate, medium, longer, etc.... Make them separate colors.

Go ahead and start taking demo entries and post them.
Don't worry about posting losers.
We'll help you identify whether your trades are in line with Mr. Pip's rules.
Good luck.
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  • #44,330
  • Jan 8, 2019 3:41pm Jan 8, 2019 3:41pm
Quoting bmdenton23
{quote} Do as Chrysmere and Lawnman said with the videos and thread reading. I would suggest posting a chart with your thoughts like this one live or at the end of the day. Identify the different order flows, IOF = immediate, medium, longer, etc.... Make them separate colors. Go ahead and start taking demo entries and post them. Don't worry about posting losers. We'll help you identify whether your trades are in line with Mr. Pip's rules. Good luck. {image}
  • #44,331
  • Jan 8, 2019 6:03pm Jan 8, 2019 6:03pm
Quoting Mr. Pip
Okay Traders, Let's get started! The first thing I want you to is to get rid of all of the indicators from your charts! One you learn to process the information that is on a price chart they will offer you nothing that you should not already know. I will teach you how to trade from the right side of the chart where price has not printed yet. Indicators can only tell you what has already happened. They have 0 predictive value and therefore cannot offer you any help. This very lesson alone will have you aligning yourself with what price will do moving...
ok
  • #44,332
  • Edited 10:59pm Jan 8, 2019 7:42pm | Edited 10:59pm
Alright let's try this again, long on GBP/USD @ 1.2728 and now set at break-even. Going to leave it over night to see if it fulfills 1 hr expectation.

Closed with +7, now have a short on GBP/USD in with a 5 pip SL lol not exactly the most disciplined trading but at +2 pips either way.

Well stopped out at -5 so net +2 and it looks like it may go up now. Bad discipline!
instagram: stepbystepforex
  • #44,333
  • Jan 9, 2019 8:31am Jan 9, 2019 8:31am
Alright, ready to start today's. The short term is nicely lining up with the long term
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  • #44,334
  • Jan 9, 2019 9:17am Jan 9, 2019 9:17am
Went long on gbpcad from 1.6868 and closed out +30. Got too excited and didnt want for completion of expectation.
instagram: stepbystepforex
  • #44,335
  • Jan 9, 2019 10:23am Jan 9, 2019 10:23am
Today's trades on the YM.
Was an interesting day with the immediate and the long term converging, culminating in some conflict in the way I was reading orderflow.

On the first trade, had a reversal to an NSL on the immediate, so expected deep correction (weak structure there), but went against for -35.
One the second trade, there was a bunch of retests but the expectation was still for an NSH. I took the sell trade against that expectation looking at how price was behaving (finding it hard to get above the structure + downward momentum). Though it yielded +81, I'm not happy about not trading the rules.
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  • #44,336
  • Jan 9, 2019 10:38am Jan 9, 2019 10:38am
Similar as pradlal. Thought I would share my view as well and an explanation of it on the chart.
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  • #44,337
  • Jan 9, 2019 11:17am Jan 9, 2019 11:17am
Hello everyone! So, I'm a little new here so my question is with the long tails of the previous week or two, where do you start the patterns? On those long tails? Since they are outliers should I use the next candle? Thanks.
  • #44,338
  • Jan 9, 2019 2:51pm Jan 9, 2019 2:51pm
I traded mainly NQ today (-54, +124). However, I saw this setup on YM and I took it. Got taken out by trailing (too early), but it is already late, so it is ok.
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  • #44,339
  • Jan 10, 2019 12:49am Jan 10, 2019 12:49am
Hi
After this Butterfly Pattern, the price didn't go up and stayed in a level price. is it going up and it's a good time to put a buy position or it failed?

Regards

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  • #44,340
  • Jan 10, 2019 1:21am Jan 10, 2019 1:21am
Quoting paroucia
Hi After this Butterfly Pattern, the price didn't go up and stayed in a level price. is it going up and it's a good time to put a buy position or it failed? Regards {image}
I do not know a lot about patterns. However, by looking at the bears candle (big and full body), I would not take the risk to go against. This is for me not a high probability trade.
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