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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

  • #46,121
  • Jul 17, 2019 12:25pm Jul 17, 2019 12:25pm
Thanks for the live trading, Mr. Pip. I learned some new things and reinforced some others.
  • #46,122
  • Jul 17, 2019 12:31pm Jul 17, 2019 12:31pm
Hello Traders,

Started today with the small account like we talk about on the live stream of last week. We are also using the MM spreadsheet. to show you all how to handle and manage a small account. On day 1 we had a losing day and a draw down of $415. MM says to stay at 2 contract so I will. Also this will be the account I will trade on the intraday from now on so we can all see the benefits of a complete system with full transparency.

The link to the live stream is also attached and there will be no post session review since you have the whole very long session.

https://youtu.be/NJbRxWsePNM
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If you fail to plan, you plan to fail.
  • #46,123
  • Jul 17, 2019 12:54pm Jul 17, 2019 12:54pm
On mobile so no charts to show

+1, +1, -23 today for a total of -21.
Proud of myself though. Watching Damian take positions with his $5,000 account helped me so much, as I am also trading the same amount on live. I took all trades today according to my trade plan. Including the one that presented me with $250 of risk. I was already red on the day, and yet I still took positions according to my plan; accepting that i could be looking at a $-400 day on my small account. I feel I have made progress today.
  • #46,124
  • Jul 17, 2019 2:33pm Jul 17, 2019 2:33pm
2x trades and a lot of patience today, -20, +40
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  • #46,125
  • Jul 17, 2019 2:58pm Jul 17, 2019 2:58pm
Quoting spetscom
On mobile so no charts to show +1, +1, -23 today for a total of -21. Proud of myself though. Watching Damian take positions with his $5,000 account helped me so much, as I am also trading the same amount on live. I took all trades today according to my trade plan. Including the one that presented me with $250 of risk. I was already red on the day, and yet I still took positions according to my plan; accepting that i could be looking at a $-400 day on my small account. I feel I have made progress today.
what platform do you use for mobile trading?
  • #46,126
  • Jul 17, 2019 3:06pm Jul 17, 2019 3:06pm
Hello, -22+59=37
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Time is an illusion, timing is an art.
  • #46,127
  • Jul 17, 2019 3:09pm Jul 17, 2019 3:09pm
Quoting bmdenton23
2x trades and a lot of patience today, -20, +40 {image}
Damn Damian’s expectation played out before he had a chance to see it all the way through
  • #46,128
  • Jul 17, 2019 3:30pm Jul 17, 2019 3:30pm
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Blessed is the one who takes refuge in Him.
  • #46,129
  • Jul 17, 2019 3:38pm Jul 17, 2019 3:38pm
Quoting standrdtrde
{quote} Damn Damian’s expectation played out before he had a chance to see it all the way through
It happens don’t sweat it. That’s why the loses don’t matter.
If you fail to plan, you plan to fail.
  • #46,130
  • Jul 17, 2019 4:46pm Jul 17, 2019 4:46pm
Held on to that last one until just before 4pm and wound up in the black for the day on MYM.

-19, -28, +59 = +12
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  • #46,131
  • Jul 17, 2019 8:06pm Jul 17, 2019 8:06pm
Hello all,

Need your guys opinion on this. I intend to take a short at gray rectangle, base on confluence of 1:1 completion and harmonic exhaustion.
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  • #46,132
  • Jul 17, 2019 8:23pm Jul 17, 2019 8:23pm
Quoting trannhu
Hello all, Need your guys opinion on this. I intend to take a short at gray rectangle, base on confluence of 1:1 completion and harmonic exhaustion. {image}
If it’s counter trend then you should probably trail aggressively and break even at 38.2 Fibonacci and take profit/trail on decision candle at 61.8 fib
  • #46,133
  • Jul 17, 2019 8:29pm Jul 17, 2019 8:29pm
Quoting trannhu
Hello all, Need your guys opinion on this. I intend to take a short at gray rectangle, base on confluence of 1:1 completion and harmonic exhaustion. {image}
Sorry guy, this is what on the left.
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  • #46,134
  • Jul 17, 2019 10:40pm Jul 17, 2019 10:40pm
It has been a long trip on the pain train. Eventually I got off of it because it was definitely too late and I didn't want to keep the position open for the night.
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  • #46,135
  • Jul 18, 2019 6:29am Jul 18, 2019 6:29am
Quoting standrdtrde
{quote} 1.Price extended past 161.8 fibonacci sequence so did not expect a pullback past level 1. 2. Went to higher TF to find structure confluence with identified area of interest near level 1 and redrew my red rectangle. 3. Waited till price got in my area of interest and also completion of a ABCD to the upside on shorter order flow to take a SOS 3 trade upon close of rotation candle. 4. Stop will go above structure and take profit will be the 127.2 due to it coming before a 1 to 1 harmonic move of my main swing. {image} {image} {image} {image}...
1. Got to break-even plus 2 at test of support structure zone as per rules.
2. Let’s go Bears!
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  • #46,136
  • Jul 18, 2019 6:34am Jul 18, 2019 6:34am
Quoting Mr. Pip
Hello Traders, Started today with the small account like we talk about on the live stream of last week.
Really excited to see how this account will develop.
I know losses don't matter, but I still think it sucks when the first session on a new account ends with a loss.
I prefer to start with profits so I feel safer on the next trades haha. Yeah I guess that's the wrong mentality

Anyway, I'm starting a $5000 demo account again, see how it develops, and if the results are good over time I will risk funding another live account.

Thanks
  • #46,137
  • Jul 18, 2019 6:48am Jul 18, 2019 6:48am
Quoting standrdtrde
{quote} 1. Got to break-even plus 2 at test of support structure zone as per rules. 2. Let’s go Bears! {image}
1. Taken out at BE+2
2. Still debating on re entry due to this swing being over-extended and stops having to be placed so high due to swing structure
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  • #46,138
  • Jul 18, 2019 8:35am Jul 18, 2019 8:35am
GM Traders! How is everybody today? Let's see what the market offers today. We will continue with the small account as promised and you all can see the way to build an manage a small account. Something I have not done in many years. This is very helpful to both of us. It brings me down to the scale of some of you and also shows you how it can be done but emotion have to be set aside the belief system needs to be in place and it's next, win, lose or BE. It does not matter as long as we follow our trade plan.

I have decided to keep Trade what you see as this has been our core belief and very fitting. Also I have decided to stay Mr. Pip. Its who I am and somehow Mr. Tick does not have a pleasing tone . I should have never allow anyone to try to come in and change who we are.

I was up late making thumbnails and updating the channel. Let me know if you all like the graphics and how its coming. I have to learn how to do it as I go so it takes me longer than it should.

Now to the business at hand. Who suggested to keep Trade what you see so I can support your favorite Charity? Let me know please!
If you fail to plan, you plan to fail.
  • #46,139
  • Jul 18, 2019 8:56am Jul 18, 2019 8:56am
Out at +51 on first live trade on MYM.
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  • #46,140
  • Jul 18, 2019 8:57am Jul 18, 2019 8:57am
Hello,+49
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Time is an illusion, timing is an art.
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