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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

  • #45,201
  • Mar 24, 2019 9:24pm Mar 24, 2019 9:24pm
Hello people.

@Pair-me-up, nice to see your recovery! Have good trades and be safe.

I would like to discuss with you all your thoughts about starting a trade after a candle signal or place limit order.
Does It changes the expectancy a lot or just a "plus" psychological confirmation?
  • #45,202
  • Mar 24, 2019 9:38pm Mar 24, 2019 9:38pm
Quoting Offujimori
Hello people. @Pair-me-up, nice to see your recovery! Have good trades and be safe. I would like to discuss with you all your thoughts about starting a trade after a candle signal or place limit order. Does It changes the expectancy a lot or just a "plus" psychological confirmation?
Thanks Offujimori! Skoshii zutsu yoku natte imasu.

What candle signal or place limit order(s) are you referring to?

As far as psychological confirmation....are you talking about round numbers? I think money management is a key point in this business. It will help an individual to not have a heart attack if they are wrong. ha ha ha
Luck has no place in trading. Leave that for the poker table.
  • #45,203
  • Mar 24, 2019 10:04pm Mar 24, 2019 10:04pm
Quoting Pair-me-up
{quote} Thanks Offujimori! Skoshii zutsu yoku natte imasu. What candle signal or place limit order(s) are you referring to? As far as psychological confirmation....are you talking about round numbers? I think money management is a key point in this business. It will help an individual to not have a heart attack if they are wrong. ha ha ha
I'm talking about the methodology ppl are using here. It seems everybody waits a price/candle confirmation to buy/sell in zones of interest... I always join in by limit orders... So I've been thinking if it really changes a lot the expectancy or not.

For example... We identify a very strong PRZ zone. I place a limit order there.
Others may wait price confirmation...

But I think in the end it does not make a huge difference as long as risk management is the same.. does it?
  • #45,204
  • Mar 24, 2019 10:22pm Mar 24, 2019 10:22pm
Quoting Offujimori
{quote} I'm talking about the methodology ppl are using here. It seems everybody waits a price/candle confirmation to buy/sell in zones of interest... I always join in by limit orders... So I've been thinking if it really changes a lot the expectancy or not. For example... We identify a very strong PRZ zone. I place a limit order there. Others may wait price confirmation... But I think in the end it does not make a huge difference as long as risk management is the same.. does it?
I can't speak for others. Nevertheless, you are correct that there are people that use (rotation candles) for confirmation in the PRZ(s) that they see on their screen.

I do agree that as long as your risk management is good, then it shouldn't really matter. As long as a person knows what they are willing to lose, then in my mind entering manually or using a limit order is basically the same. However, I prefer to enter manually. Why? because for me... it is important to pay attention to the behavior of price as it approaches and enters an area of interest.

I hope I answered your question correctly. I sent you a pm.
Luck has no place in trading. Leave that for the poker table.
  • #45,205
  • Mar 25, 2019 2:34am Mar 25, 2019 2:34am
short
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  • #45,206
  • Mar 25, 2019 6:57am Mar 25, 2019 6:57am
stopped and long
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  • #45,207
  • Mar 25, 2019 8:40am Mar 25, 2019 8:40am
out
Attached Image (click to enlarge)
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  • #45,208
  • Mar 25, 2019 9:01am Mar 25, 2019 9:01am
Hello Traders, I do not understand why I was put out my SL has never been reached ... Are there just me who has this problem?
Attached Image (click to enlarge)
Click to Enlarge Name: @US30 (13 Tick) 2019_03_25 (09_57_31)Lundi.png Size: 50 KB
Time is an illusion, timing is an art.
  • #45,209
  • Mar 25, 2019 9:05am Mar 25, 2019 9:05am
Quoting JeanValJean.
Hello Traders, I do not understand why I was put out my SL has never been reached ... Are there just me who has this problem? {image}
It looks like it stopped you out above the price some how. That is strange!
Luck has no place in trading. Leave that for the poker table.
  • #45,210
  • Mar 25, 2019 9:07am Mar 25, 2019 9:07am
O.k. I am currently short.

I recovered my -30 loss from earlier today.

Starting to look good for a Monday. However, I am not gonna count my chickens before they hatch.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 49 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,211
  • Mar 25, 2019 9:16am Mar 25, 2019 9:16am
Quoting JeanValJean.
Hello Traders, I do not understand why I was put out my SL has never been reached ... Are there just me who has this problem? {image}
If US30 trades like forex, it could have been the bid that did it. You might be charting the ask. Have had this happen with forex before.
  • #45,212
  • Mar 25, 2019 9:18am Mar 25, 2019 9:18am
got this one good
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  • #45,213
  • Mar 25, 2019 9:21am Mar 25, 2019 9:21am
Quoting Mr. Pip
Hello Traders, I know I've been gone for a while. I wanted to let you all know the next live stream is on Thursday 3/28/19. Be there!
It's prolly very simple, but I can't remember how to join live stream.... I think I just look up your youtube channel... ? I have never actually tried to watch a live stream, just happened upon them a couple of times..... Lol's
  • #45,214
  • Mar 25, 2019 9:37am Mar 25, 2019 9:37am
Bad day for me. It feels like whenever i enter the trade, expectation would fail. Should I touch wood or something like that )
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  • #45,215
  • Mar 25, 2019 9:49am Mar 25, 2019 9:49am
Only took one trade today for -10 pts. I found it interesting that the big morning move to the upside exhausted exactly at the 161.8.
  • #45,216
  • Mar 25, 2019 9:51am Mar 25, 2019 9:51am
Quoting Pair-me-up
O.k. I am currently short. I recovered my -30 loss from earlier today. Starting to look good for a Monday. However, I am not gonna count my chickens before they hatch. {image}
What exactly is your strategy? It appears to be based on Damian's ideas + harmonics + you mentioned some Japanese candle patterns. Are you just trading longer-term order flows? I noticed you take trades on here that no one else does.
  • #45,217
  • Mar 25, 2019 9:52am Mar 25, 2019 9:52am
got stopped on this long and the price shot up
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  • #45,218
  • Mar 25, 2019 9:57am Mar 25, 2019 9:57am
Quoting spetscom
{quote} What exactly is your strategy? It appears to be based on Damian's ideas + harmonics + you mentioned some Japanese candle patterns. Are you just trading longer-term order flows? I noticed you take trades on here that no one else does.
Yes.... I use Mr.Pips harmonics and ratios, which are a different way to trade.. ha ha ha And yes, I pay attention to some candle stick patterns that I fancy.

What trades do I take that nobody takes?
Luck has no place in trading. Leave that for the poker table.
  • #45,219
  • Mar 25, 2019 9:59am Mar 25, 2019 9:59am
Quoting Flyboy1966
{quote} It's prolly very simple, but I can't remember how to join live stream.... I think I just look up your youtube channel... ? I have never actually tried to watch a live stream, just happened upon them a couple of times..... Lol's
You should subscribe his Youtube channel. It will notify you the schedule . Looking forward to see u there. His livestream is very interesting.
  • #45,220
  • Mar 25, 2019 10:00am Mar 25, 2019 10:00am
Not my day today, expectation fail after expectation fail. -109. I hope you did better...
Attached Image (click to enlarge)
Click to Enlarge Name: @US30 (34 Tick) 2019_03_25 (10_57_37)Lundi de merde.png Size: 62 KB
Time is an illusion, timing is an art.
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