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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

  • #45,361
  • Apr 4, 2019 10:55am Apr 4, 2019 10:55am
Quoting Velikov
{quote} here is the sample trade in progress ... {image}
the price gave a swap signal @ the black line
  • #45,362
  • Apr 4, 2019 11:00am Apr 4, 2019 11:00am
Quoting evocpr19
{quote} Basically your reference swing told after that up move, that price will go higher. However, the correction was with a lot of strength and too much for the previous up move, so I thought that bears are more in control of price. Hope this helps. I cannot post a chart, since I am not in front of my PC.
Yes, thank you for your insights!
  • #45,363
  • Apr 4, 2019 11:03am Apr 4, 2019 11:03am
- 40 on 3 trades today
Attached Image (click to enlarge)
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  • #45,364
  • Apr 4, 2019 11:08am Apr 4, 2019 11:08am
Quoting Velikov
{quote} the price gave a swap signal @ the black line
stopped +11
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick) 2019_04_04 (19_07_40 ч.).png Size: 79 KB
  • #45,365
  • Apr 4, 2019 11:09am Apr 4, 2019 11:09am
-135 on 7 trades..
Attached Image (click to enlarge)
Click to Enlarge Name: @US30 (34 Tick) 2019_04_04 (12_08_37)Jeudi.png Size: 81 KB
Time is an illusion, timing is an art.
  • #45,366
  • Apr 4, 2019 11:16am Apr 4, 2019 11:16am
Quoting Velikov
{quote} stopped +11 {image}
and the price arrived to my target
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick) 2019_04_04 (19_15_38 ч.).png Size: 77 KB
  • #45,367
  • Apr 4, 2019 11:37am Apr 4, 2019 11:37am
day 4 on my new demo
Attached Image (click to enlarge)
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  • #45,368
  • Apr 4, 2019 12:14pm Apr 4, 2019 12:14pm
No trades for me today. We're in a strong range market and I couldn't find anything interesting..

next..
  • #45,369
  • Apr 4, 2019 12:14pm Apr 4, 2019 12:14pm
Lost again today, went for the big bucks, no control.
if i didn't put on them big emotional trades i would of made pips.

Never the less I'm still in the game.
Work In Progress.

JD

Is anyone else finding the markets tricky lately?
  • #45,370
  • Apr 4, 2019 12:50pm Apr 4, 2019 12:50pm
BE for today. Did not want to trail aggressively, despite seeing the bears gaining too much strength after testing my upper sell area. Either TP or BE in this case I thought, ok with both.
Attached Image (click to enlarge)
Click to Enlarge Name: YMM9-CBOT 144 Trades #2 2019-04-04 13_45_05.016.png Size: 45 KB
  • #45,371
  • Apr 4, 2019 2:08pm Apr 4, 2019 2:08pm
I find the YM respects the 15 min Support and Resistance.

http://prntscr.com/n7kyj3
  • #45,372
  • Apr 4, 2019 4:00pm Apr 4, 2019 4:00pm
I've been working through Damian's YT videos. Is there any specific information anywhere on the trades he lists in his trading plan?

I'm referring to the SOS 1-4.

I haven't been through any of the live sessions yet apart from last weeks, so it may well be waiting for me somewhere.
  • #45,373
  • Apr 4, 2019 7:45pm Apr 4, 2019 7:45pm
I had a poor day, trading SIM.
I have a few winners but my losers are too big to make up for them
Down 87 points today. I traded one before the opening for a break even, and big loss gong short in too soon after the opening. A couple of others, modest loss and modest gain.
I am going to continue SIM trading with goal to get consistently profitable again.
  • #45,374
  • Apr 4, 2019 11:42pm Apr 4, 2019 11:42pm
I see that there are many good questions on the thread regarding the trading rules. Mr.Pip has a lot of videos. After you have watched his basic training videos, then the fun really starts on the live streams. Why? Because people have a chance to ask questions and have Mr.Pip explain it to you in real time on a real account, where he is like a gladiator risking his own life (his own money) in the Coliseum (the financial markets) for your viewing pleasure. Many of the common questions that traders have as follow up questions are often in those live streams
So, if you aren't consistently winning right away, don't give up hope, it just means that there are areas that you can fortify your armor. In order to survive we must try to find our weaknesses and make them strengths.

So, if your weakness is identifying a proper swing.. then go back and watch the video about swing i.d. and practice drawing those guidelines next to the swings until you can visually see the swings and the swings within a swing.

If your weakness is structure analysis, then go back and watch the videos about structure analysis and start practicing finding it on your charts until you can just zoom around the chart with your cross hairs on your platform to scan and find the best structure for your trade plan quickly.

I hope what I am saying makes sense.

As I am preparing to go live next month... Here is one of my just for fun demo trades.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 44 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,375
  • Apr 4, 2019 11:45pm Apr 4, 2019 11:45pm
Quoting Pair-me-up
I see that there are many good questions on the thread regarding the trading rules. Mr.Pip has a lot of videos. After you have watched his basic training videos, then the fun really starts on the live streams. Why? Because people have a chance to ask questions and have Mr.Pip explain it to you in real time on a real account, where he is like a gladiator risking his own life (his own money) in the Coliseum (the financial markets) for your viewing pleasure. Many of the common questions that traders have as follow up questions are often in those live...
"In order to survive we must try to find our weaknesses and make them strengths."

Really Great advice...

PS: Good luck with your prep in going Live...
  • #45,376
  • Apr 5, 2019 1:55am Apr 5, 2019 1:55am
Quoting NNtrader
I had a poor day, trading SIM. I have a few winners but my losers are too big to make up for them Down 87 points today. I traded one before the opening for a break even, and big loss gong short in too soon after the opening. A couple of others, modest loss and modest gain. I am going to continue SIM trading with goal to get consistently profitable again.
You need to work on your risk/reward ratio if your losses are killing you, compared to your wins. Also patience is key, you dont have to take every swing. My advise; wait for the open next time and let orders settle/come in for a few minutes after the open if you are trading the more immediate swings (89,144,233T etc.).
  • #45,377
  • Apr 5, 2019 3:24am Apr 5, 2019 3:24am
Quoting Pair-me-up
I see that there are many good questions on the thread regarding the trading rules. Mr.Pip has a lot of videos. After you have watched his basic training videos, then the fun really starts on the live streams. Why? Because people have a chance to ask questions and have Mr.Pip explain it to you in real time on a real account, where he is like a gladiator risking his own life (his own money) in the Coliseum (the financial markets) for your viewing pleasure. Many of the common questions that traders have as follow up questions are often in those live...
Thank you Pair-me-up or should that be St.Paul? As I suspected, the answers lie buried in time. I will continue my quest working through the archives.
  • #45,378
  • Apr 5, 2019 9:18am Apr 5, 2019 9:18am
long
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick) 2019_04_05 (17_16_39 ч.).png Size: 57 KB
  • #45,379
  • Apr 5, 2019 9:22am Apr 5, 2019 9:22am
Yesterday was too busy to trade, but got a nice end of the week trade session. I was a bit too aggressive with my trade management since I want to avoid a pain train on a friday afternoon (my time), but ok.
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  • #45,380
  • Apr 5, 2019 9:30am Apr 5, 2019 9:30am
Quoting Velikov
long {image}
stopped
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick) 2019_04_05 (17_29_42 ч.).png Size: 60 KB
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