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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

  • #45,441
  • Apr 18, 2019 5:34pm Apr 18, 2019 5:34pm
Quoting JeanValJean.
{quote} Your first two trades are against they expectation. Your third trade is good but you are going to break even too fast. On the chart, Yellow line main swing, square green bullish market, square red bearish market. Blue line, where the expectation fail. {image}
It would seem I'm defining my swings slightly different. I don't disagree with your assessment. Going to do a little more chart studying. I feel I could have still come out on top, but could also do better.

On the third trade, I was hoping price would get out of that zone of 485-500. Third trip into it. And the SL was too large for the full swing so it was poor execution, outside of the plan.
  • #45,442
  • Apr 22, 2019 10:42am Apr 22, 2019 10:42am
No swing trades today, 1x S/R for +44
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  • #45,443
  • Apr 22, 2019 11:56am Apr 22, 2019 11:56am
Quoting bmdenton23
No swing trades today, 1x S/R for +44 {image}
Not to get off topic of the thread but which s/r strategy are you referring to? Something to do with Janpec?
instagram: stepbystepforex
  • #45,444
  • Apr 22, 2019 9:11pm Apr 22, 2019 9:11pm
Kind of a boring day honestly. Scratched the first trade. Got out of the second for a graceful small loss. No qualms with my decisions today.
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  • #45,445
  • Apr 23, 2019 9:10am Apr 23, 2019 9:10am
Hey everyone I am back from my vacation! It seems like the thread hasn't been that active while I was gone. I wonder if some people quit because of the rough month of March? Either way, glad to be back.
  • #45,446
  • Apr 23, 2019 9:17am Apr 23, 2019 9:17am
Quoting spetscom
Hey everyone I am back from my vacation! It seems like the thread hasn't been that active while I was gone. I wonder if some people quit because of the rough month of March? Either way, glad to be back.
I don't know about others in this thread but I haven't had a single winning week this year using Damian's strategy. Mostly Structure fails and BE trades which makes me not want to participate here anymore since I feel like I'm donig something wrong or atleast won't be able to help anyone by posting. Good luck.
  • #45,447
  • Apr 23, 2019 9:47am Apr 23, 2019 9:47am
Quoting Kayjay2011
{quote} I don't know about others in this thread but I haven't had a single winning week this year using Damian's strategy. Mostly Structure fails and BE trades which makes me not want to participate here anymore since I feel like I'm donig something wrong or atleast won't be able to help anyone by posting. Good luck.
S/D, S/R > NSH/NSL (immediate). At least my observation.
  • #45,448
  • Apr 23, 2019 10:04am Apr 23, 2019 10:04am
Quoting Kayjay2011
{quote} I don't know about others in this thread but I haven't had a single winning week this year using Damian's strategy. Mostly Structure fails and BE trades which makes me not want to participate here anymore since I feel like I'm donig something wrong or atleast won't be able to help anyone by posting. Good luck.
That is interesting KayJay. I have had some amazing weeks this year employing Damian's strategy. I hope you find a strategy that fits your personality and wish you the best.
  • #45,449
  • Apr 23, 2019 10:40am Apr 23, 2019 10:40am
2 trades today, same direction, 1 bigger swing, 1 smaller swing
+57, +107
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  • #45,450
  • Apr 23, 2019 10:43am Apr 23, 2019 10:43am
Quoting spetscom
{quote} That is interesting KayJay. I have had some amazing weeks this year employing Damian's strategy. I hope you find a strategy that fits your personality and wish you the best.
Don't get me wrong, spetscom. I'm not gonna switch strategies now because of this. I've had some great trades this year which keeps me at +-1% at the end of the month so far. Depending on how you employ Damian's strategy you'll get different results even though you're technically still following the rules as laid out by Damian.

Anyway, I see the losers and BE as the cost of learning patience and discipline. No point dwelling on it.
  • #45,451
  • Apr 23, 2019 10:57am Apr 23, 2019 10:57am
Quoting Kayjay2011
{quote} Don't get me wrong, spetscom. I'm not gonna switch strategies now because of this. I've had some great trades this year which keeps me at +-1% at the end of the month so far. Depending on how you employ Damian's strategy you'll get different results even though you're technically still following the rules as laid out by Damian. Anyway, I see the losers and BE as the cost of learning patience and discipline. No point dwelling on it.
My big drawdown on Damians strategy on the YM is well documented here, but its 1 of 3 strategies that I employ on the YM. Over the course of that drawdown which began March 7, I'm only in the red about 100 points across the 3 strategies on the YM, most of the losers are as documented the swing strategy. Even with the biggest drawdown I've ever had on Damians strategy, for the year of 2019 I'm still up +385 points, compare that to +516 and +168 for the other strategies I employ on the YM. By the end of the year, Mr. Pips strategy will net me the most points without a doubt.

Has S/R S/D been better lately, you bet, but I wouldn't abandon the swing strategy because of a poor couple of months.
  • #45,452
  • Apr 23, 2019 12:34pm Apr 23, 2019 12:34pm
Not many points as usual, also because I am mainly trading on the 89. So less risk and less reward.
I am happy with the overall result of today. 34 points. Last trade was a little risky and I didn't like how price reacted after my entry, so I ended it up for BE.

Cheers.
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  • #45,453
  • Apr 23, 2019 1:36pm Apr 23, 2019 1:36pm
Quoting bmdenton23
{quote} Has S/R S/D been better lately, you bet, but I wouldn't abandon the swing strategy because of a poor couple of months.
True.

Swing strategy in combination with S/D, S/R is working best IMO. Actually that is what Damian is teaching. But trading into areas against overall expectations just because there is an immediate 5 point low/high (NSH/NSL) seems pretty "blind" to me. Of course it depends on the trader and Damian is a master of managing the immediate OF. Since I am still a noob and will probably be the next decades compared to Damian, I don't trade like that, if I can afford. Instead aligning with HTF swings and keeping zones in mind for entries seems to give me a better emotional standpoint, thus better trading and decisions.
  • #45,454
  • Apr 23, 2019 5:46pm Apr 23, 2019 5:46pm
Quoting bmdenton23
2 trades today, same direction, 1 bigger swing, 1 smaller swing +57, +107 {image}
Congratulations, a good morning's work.

What made you hang on to the first trade? You gave up nearly all your profit at around 09:50 but hung in there. In fact you must have been convinced of staying long because you opened the second trade.
  • #45,455
  • Apr 23, 2019 7:46pm Apr 23, 2019 7:46pm
Quoting rabbitran
{quote} Congratulations, a good morning's work. What made you hang on to the first trade? You gave up nearly all your profit at around 09:50 but hung in there. In fact you must have been convinced of staying long because you opened the second trade.
I was at BE+5 on the first trade and was up +66 before price came all the way back down. In the mean time the NQ was a runaway train and the ES was moving up. I’m sure that affected my confidence to take the 2nd trade though I would claim that other instruments don’t affect my YM decisions.
  • #45,456
  • Apr 24, 2019 9:44am Apr 24, 2019 9:44am
Only 1 trade for me today. -7 ticks on CL. I still feel out of it since my vacation. My trading feels sloppy today. I'll get back in the swing.
  • #45,457
  • Apr 24, 2019 10:59am Apr 24, 2019 10:59am
1x swing trade on YM, +42, nice 2 day total of +253
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  • #45,458
  • Apr 24, 2019 2:49pm Apr 24, 2019 2:49pm
Man this is frustrating...
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  • #45,459
  • Apr 25, 2019 4:16am Apr 25, 2019 4:16am
Quoting mtzimmer1
Man this is frustrating... {image}
Your shorts went right into the buyers. Added my view with yellow lines and my areas of interest. Of course, easy to say with hindsight. Just as another perspective maybe. Hope it helps.
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  • #45,460
  • Apr 25, 2019 8:52am Apr 25, 2019 8:52am
Quoting Hansl
{quote} Your shorts went right into the buyers. Added my view with yellow lines and my areas of interest. Of course, easy to say with hindsight. Just as another perspective maybe. Hope it helps. {image}

I appreciate the perspective Hansl! It is always difficult for me to identify a range until its over. Thank you again for your response.
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