Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#46,041
Jul 15, 2019 10:38am Jul 15, 2019 10:38am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

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 10:42am Jul 15, 2019 10:42am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Ok screw it out with +3 total 8 points a BE day.

Post session review a bit later.

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If you fail to plan, you plan to fail.

#46,043
Jul 15, 2019 11:16am Jul 15, 2019 11:16am

spetscom
| Joined Jan 2019 | Status: Trader | 183 Posts

Quoting Mr. Pip

Disliked

Treating it as a graceful exit let's see if she at least gives some.

Ignored

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 1:00pm Jul 15, 2019 1:00pm

JeanValJean.
| Joined Oct 2017 | Status: Sharpen my skills. | 274 Posts

3 trades, 2 break even, 1 small win. +28

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Time is an illusion, timing is an art.

#46,045
Jul 15, 2019 1:46pm Jul 15, 2019 1:46pm

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting spetscom

Disliked

{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?

Ignored

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 2:50pm Jul 15, 2019 2:50pm

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

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 6:45pm Jul 15, 2019 6:45pm

standrdtrde
| Joined May 2018 | Status: Trader | 196 Posts

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.

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#46,048
Jul 15, 2019 8:59pm Jul 15, 2019 8:59pm

mangoeater
| Joined Jul 2019 | Status: Trader | 63 Posts

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 15, 2019 10:09pm Jul 15, 2019 10:09pm

biDc
| Joined Apr 2011 | Status: Trader | 819 Posts

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.

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#46,050
Jul 15, 2019 11:33pm Jul 15, 2019 11:33pm

vonboettiche
| Joined Jul 2018 | Status: Trader | 64 Posts

Quoting biDc

Disliked

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...

Ignored

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).

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#46,051
Jul 16, 2019 1:29am Jul 16, 2019 1:29am

standrdtrde
| Joined May 2018 | Status: Trader | 196 Posts

Quoting standrdtrde

Disliked

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...

Ignored

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.

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#46,052
Jul 16, 2019 6:42am Jul 16, 2019 6:42am

pradlal
| Joined Oct 2017 | Status: Trader | 112 Posts

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 6:45am Jul 16, 2019 6:45am

JeanValJean.
| Joined Oct 2017 | Status: Sharpen my skills. | 274 Posts

Hi, I'm long break even.

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Time is an illusion, timing is an art.

#46,054
Jul 16, 2019 6:47am Jul 16, 2019 6:47am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

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 6:49am Jul 16, 2019 6:49am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Tomorrow is the live stream. Can't wait!

If you fail to plan, you plan to fail.

#46,056
Jul 16, 2019 6:51am Jul 16, 2019 6:51am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Looking at this area for a long

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If you fail to plan, you plan to fail.

#46,057
Jul 16, 2019 6:51am Jul 16, 2019 6:51am

Rush2112
Joined Nov 2018 | Status: Trader | 351 Posts

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.

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