Ratios & Harmonics: a Different Way to Trade | Page 2303 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #46,041
  • Jul 15, 2019 12:38pm Jul 15, 2019 12:38pm
Treating it as a graceful exit let's see if she at least gives some.
If you fail to plan, you plan to fail.
  • #46,042
  • Jul 15, 2019 12:42pm Jul 15, 2019 12:42pm
Ok screw it out with +3 total 8 points a BE day.

Post session review a bit later.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_07_15 (11_41_46 AM).png Size: 93 KB
If you fail to plan, you plan to fail.
  • #46,043
  • Jul 15, 2019 1:16pm Jul 15, 2019 1:16pm
Quoting Mr. Pip
Treating it as a graceful exit let's see if she at least gives some.
Hey Mr.Pip. Are you planning on going over the long-term strategy (wealth building) as a livestream type? Or should we expect Lessons, like you did a couple years back?
  • #46,044
  • Jul 15, 2019 3:00pm Jul 15, 2019 3:00pm
3 trades, 2 break even, 1 small win. +28
Attached Image (click to enlarge)
Click to Enlarge Name: us30-m5-fxcm-canada-offeredlundi15.png Size: 87 KB
Time is an illusion, timing is an art.
  • #46,045
  • Jul 15, 2019 3:46pm Jul 15, 2019 3:46pm
Quoting spetscom
{quote} Hey Mr.Pip. Are you planning on going over the long-term strategy (wealth building) as a livestream type? Or should we expect Lessons, like you did a couple years back?
Both, I think it's the best way but you will see that there is really nothing you have not learned learned from me already. The only difference is the scaling in part.
If you fail to plan, you plan to fail.
  • #46,046
  • Jul 15, 2019 4:50pm Jul 15, 2019 4:50pm
Hello Traders, Post session review is here. Sorry for the delay! I hope you enjoy!

https://youtu.be/nQFxaNdN3hE
If you fail to plan, you plan to fail.
  • #46,047
  • Jul 15, 2019 8:45pm Jul 15, 2019 8:45pm
Waited patiently since European session last night for price to get into my area of interest and took the trade as per my rules on a rotation candle in that zone and got in at 1.1313. Stop loss is below structure at 1.1294 and profit target is 1 to 1 harmonic completion and 127.2 fib (same zone) at 1.1350. As per my written down rules I will trail on decision candle when price gets within 3 points of my profit target and go to breakeven at test of the current structure high.

I am also using the MM spreadsheet and started with small capital of $2,000 so I changed the delta cell from $4500 to $250.

Damian if you have any constructive criticism/ feedback as to if I should be more aggressive in position sizing I will not take it offensively. Thanks for everything you do man, you're a OG.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_0388.PNG Size: 350 KB
Click to Enlarge Name: IMG_0389.PNG Size: 324 KB
Click to Enlarge Name: IMG_0390.PNG Size: 357 KB
  • #46,048
  • Jul 15, 2019 10:59pm Jul 15, 2019 10:59pm
Hey Mr Pip, if you don't mind could you kindly do a video explaining how the smoothed ratio money management works? I've been trying to read the previously attached files in this thread but can't really seem to wrap my head around it. From what I understand, the basis of using such money management strategy is that you can't increase your position size (for example 1 to 2 contracts) without significantly affecting your risk. However, as I'm using Oanda as my broker, I can adjust my position size by units (instead of by lot sizes), I can't really grasp how the smoothed ratio money management would apply. Hopefully, you'd be able to help me out here, but thank you for all you're doing and providing!
  • #46,049
  • Jul 16, 2019 12:09am Jul 16, 2019 12:09am
Hi Mr Pip, I came across your materials from a few years ago on structure and order flow and studied it over the weekend. Today I applied it to the market on a bar by bar basis to practice and below are the results I have gotten. I noticed this is different from the video you posted today mainly due to the fact that I am looking at the price movement on a more micro scale. Do you mind letting me know whether my analysis below is correct or a step in the right direction? I'm on PST so the time on my chart is three hours behind. Thanks again for all your contributions it has been very educational.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 145 KB
  • #46,050
  • Jul 16, 2019 1:33am Jul 16, 2019 1:33am
Quoting biDc
Hi Mr Pip, I came across your materials from a few years ago on structure and order flow and studied it over the weekend. Today I applied it to the market on a bar by bar basis to practice and below are the results I have gotten. I noticed this is different from the video you posted today mainly due to the fact that I am looking at the price movement on a more micro scale. Do you mind letting me know whether my analysis below is correct or a step in the right direction? I'm on PST so the time on my chart is three hours behind. Thanks again for all...
Hey. There's a misunderstanding on your expectation failure. Don't have time to open up the chart, but here is what I think (excuse the messiness).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 265 KB
  • #46,051
  • Jul 16, 2019 3:29am Jul 16, 2019 3:29am
Quoting standrdtrde
Waited patiently since European session last night for price to get into my area of interest and took the trade as per my rules on a rotation candle in that zone and got in at 1.1313. Stop loss is below structure at 1.1294 and profit target is 1 to 1 harmonic completion and 127.2 fib (same zone) at 1.1350. As per my written down rules I will trail on decision candle when price gets within 3 points of my profit target and go to breakeven at test of the current structure high. I am also using the MM spreadsheet and started with small capital of $2,000...

Expectation failed, market has turned bearish on the order flow that I am tracking. Now going to wait and see how far price decides to fall before deciding on an area of interest to take a short trade.

Going to keep following the trade plan and the expectation will play out to profitability.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0394.PNG Size: 340 KB
  • #46,052
  • Jul 16, 2019 8:42am Jul 16, 2019 8:42am
Morning all
Seems like the market retested yesterdays highs, the expectation is still for an NSH from what I see.
Wishing you all a great Tuesday!
  • #46,053
  • Jul 16, 2019 8:45am Jul 16, 2019 8:45am
Hi, I'm long break even.
Attached Image (click to enlarge)
Click to Enlarge Name: us30-m5-fxcm-canada-offeredMardi16.png Size: 96 KB
Time is an illusion, timing is an art.
  • #46,054
  • Jul 16, 2019 8:47am Jul 16, 2019 8:47am
Traders, I will answer the posts after the session today. Sorry I'm a tad late today but let's trade!
If you fail to plan, you plan to fail.
  • #46,055
  • Jul 16, 2019 8:49am Jul 16, 2019 8:49am
Tomorrow is the live stream. Can't wait!
If you fail to plan, you plan to fail.
  • #46,056
  • Jul 16, 2019 8:51am Jul 16, 2019 8:51am
Looking at this area for a long
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_07_16 (9_50_44 AM).png Size: 47 KB
If you fail to plan, you plan to fail.
  • #46,057
  • Jul 16, 2019 8:51am Jul 16, 2019 8:51am
I entered long at 337 on the rotation. RR was just too good to give it a shot. Moved to BE once it closed past 367. Almost made a 100% retracement, so treating it with a little more caution. Still looking for NSH in the 410 range.

Attached Image (click to enlarge)
Click to Enlarge Name: Entry at 337.PNG Size: 53 KB
Good work is the key to good fortune
  • #46,058
  • Jul 16, 2019 8:59am Jul 16, 2019 8:59am
Held overnight, still targeting 420..ish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 119 KB
  • #46,059
  • Jul 16, 2019 9:00am Jul 16, 2019 9:00am
Long maybe a bit early but oh well
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_07_16 (10_00_12 AM).png Size: 50 KB
If you fail to plan, you plan to fail.
  • #46,060
  • Jul 16, 2019 9:04am Jul 16, 2019 9:04am
Let's see if the buys don't start eating shit like yesterday!
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_07_16 (10_03_30 AM).png Size: 80 KB
If you fail to plan, you plan to fail.
27 traders viewing now