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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

  • #47,081
  • Aug 12, 2019 2:51pm Aug 12, 2019 2:51pm
Quoting spetscom
{quote} I know you say not to focus on the money... But in 1 day you have earned enough money to go buy a brand new Lamborghini Aventador. That is just mind-boggling. Such a great entry as well. I want to be at your caliber one day!
Mr pip. Well done to you.
I need to go back, and study the Harmonic patterns again, and again.

Thank you, for taking your valuable time, to teach us how to trade a to be a winner.
  • #47,082
  • Aug 12, 2019 3:14pm Aug 12, 2019 3:14pm
I'm going to cancel the bonus order here as the close is soon upon us and the liquidity is not there to fill 300 contracts and I could really get screwed. If anything I can reassess later this evening. So at present 300 points of profit have been locked in and I will reassess the situation later tonight on the bonus or not.
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If you fail to plan, you plan to fail.
  • #47,083
  • Aug 12, 2019 3:22pm Aug 12, 2019 3:22pm
Quoting Mr. Pip
I'm going to cancel the bonus order here as the close is soon upon us and the liquidity is not there to fill 300 contracts and I could really get screwed. If anything I can reassess later this evening. So at present 300 points of profit have been locked in and I will reassess the situation later tonight on the bonus or not. {image}
Nice Monday.
Time is an illusion, timing is an art.
  • #47,084
  • Aug 12, 2019 3:31pm Aug 12, 2019 3:31pm
Quoting spetscom
{quote} I know you say not to focus on the money... But in 1 day you have earned enough money to go buy a brand new Lamborghini Aventador. That is just mind-boggling. Such a great entry as well. I want to be at your caliber one day!
There is only one way and it's a package deal.

 

  1. Strategy that has a positive expectancy.
  2. Money Management that compliments the strategy and is aggressive on both ends of the PL spectrum.
  3. Trading State being the hardest and most important.

In short you need to be strong with the force, a Jedi Knight!

Focus on the decision making! remember every decision we make or fail to make has a direct impact on your account and might have an even stronger one on your Trading State. Your Trade Plan brings balance to the force. You now have the keys to the kingdom so the only questions is, What are you going to do with them?

Cars, Planes or whatever you want will come but that cannot be the goal.

What I'm doing here is has never been done before. The rest are full of crap you either make money trading or you can't and sell shit. I am the needle in the haystack and you all have found it and the only thing I want in return is for you all to succeed. That is my cross to carry, What is yours? I will tell you what that is so that there is no excuse. TO DO WHATEVER IT TAKES TO GET IT DONE!!! LEAVE THE EXCUSES AT THE DOOR AND FAILURE IS NOT AN OPTION!!!!

If you fail to plan, you plan to fail.
  • #47,085
  • Aug 12, 2019 4:11pm Aug 12, 2019 4:11pm
Quoting Mr. Pip
{quote} There is only one way and it's a package deal. Strategy that has a positive expectancy. Money Management that compliments the strategy and is aggressive on both ends of the PL spectrum. Trading State being the hardest and most important. In short you need to be strong with the force, a Jedi Knight! Focus on the decision making! remember every decision we make or fail to make has a direct impact on your account and might have an even stronger one on your Trading State. Your Trade Plan brings balance to the force. You now have...
You’re a good Human.
  • #47,086
  • Aug 12, 2019 4:21pm Aug 12, 2019 4:21pm
Quoting Mr. Pip
{quote} There is only one way and it's a package deal. Strategy that has a positive expectancy. Money Management that compliments the strategy and is aggressive on both ends of the PL spectrum. Trading State being the hardest and most important. In short you need to be strong with the force, a Jedi Knight! Focus on the decision making! remember every decision we make or fail to make has a direct impact on your account and might have an even stronger one on your Trading State. Your Trade Plan brings balance to the force. You now have...
Damian is God sent, yes! Failure is not an option
  • #47,087
  • Aug 12, 2019 5:03pm Aug 12, 2019 5:03pm
Quoting Mr. Pip
{quote} There is only one way and it's a package deal. Strategy that has a positive expectancy. Money Management that compliments the strategy and is aggressive on both ends of the PL spectrum. Trading State being the hardest and most important. In short you need to be strong with the force, a Jedi Knight! Focus on the decision making! remember every decision we make or fail to make has a direct impact on your account and might have an even stronger one on your Trading State. Your Trade Plan brings balance to the force. You now have...
Thanks a bunch Damian, what you do here is completely different from what I've encountered in other threads on this forum. I must say you teach so well and with such humility...not to sound like a broken record but I really appreciate the time and effort you put into this.
  • #47,088
  • Aug 12, 2019 6:17pm Aug 12, 2019 6:17pm
Quoting BlacMoni
{quote} Thanks a bunch Damian, what you do here is completely different from what I've encountered in other threads on this forum. I must say you teach so well and with such humility...not to sound like a broken record but I really appreciate the time and effort you put into this.
Thank you Traders for the nice words. Now let keep moving towards that finish line I am waiting for all of you there.
If you fail to plan, you plan to fail.
  • #47,089
  • Aug 12, 2019 6:22pm Aug 12, 2019 6:22pm
MR. PIP

YOU ARE indeed a needle in the haystack and we all have found it and I wish I had fund this forum in 2016, when it started.

I have blown out 3 live acc= £50,000. Only since 2016, and have learned a lot about indicators and lots of auto strategies.

My brain is over loaded with lots of different strategies and indicators, and so on so on.
But In the last 3 weeks, I have learned a hall lots of useful knowledge, and already making green pips, and my acc is already up 15%.

I realise how much more I need to aquipt myself, in order to become an adequate manual trader.

I am slowly going through this forum, and there is so much of it too.

Thank you.
Hugo
  • #47,090
  • Aug 12, 2019 6:37pm Aug 12, 2019 6:37pm
In many areas of life, you win by not losing.
Hence, people often come into trading with this expectation.
And this is why they lose.
In this field, you have to risk losing in order to win.
It's a choice you need to make and accept with every trade.
70% expectancy rate with proper SL placement.
  • #47,091
  • Aug 12, 2019 6:39pm Aug 12, 2019 6:39pm
Quoting Hgo
MR. PIP YOU ARE indeed a needle in the haystack and we all have found it and I wish I had fund this forum in 2016, when it started. I have blown out 3 live acc= £50,000. Only since 2016, and have learned a lot about indicators and lots of auto strategies. My brain is over loaded with lots of different strategies and indicators, and so on so on. But In the last 3 weeks, I have learned a hall lots of useful knowledge, and already making green pips, and my acc is already up 15%. I realise how much more I need to aquipt myself, in order to become an...
Well my friend better late then never. It's time to take it back one point at a time. Very happy to hear people's journey through this very difficult career path. When I hear things like this it invigorates me and also let's me know I'm doing something right and making a real difference in people live. The whole thing about touching people's live in a good way and leaving them better than when we crossed paths, I believe that.
If you fail to plan, you plan to fail.
  • #47,092
  • Aug 12, 2019 9:07pm Aug 12, 2019 9:07pm
Dear Damian,

Now you taking about longer term trade, do you mind if I ask some question about that?

First, How many capital do you need to deploy those longer term trade? I know you once illustrate that normally we will trade 2k/1 contract. So with 600 contracts it's will maybe around 1.2 mil? And how may capital you willing to risk on those trade? because with your recent longer term trade you show, that will be around 550k lost. So I assume that 2k/contract guideline is for shorter term trade with risk is about 40-60 points, right?

Second, how do you manage those longer term trade? because those trade will normally few days long so I assume you will not sit in front of computer all that long to watching candles paint, so how do you manage entry and exist? Do you use limit order or something else?

Best regard.
  • #47,093
  • Aug 13, 2019 2:12am Aug 13, 2019 2:12am
Quoting Mr. Pip
I'm going to cancel the bonus order here as the close is soon upon us and the liquidity is not there to fill 300 contracts and I could really get screwed. If anything I can reassess later this evening. So at present 300 points of profit have been locked in and I will reassess the situation later tonight on the bonus or not. {image}

Jesus Christ, I threw up a little. If that's not motivating, I don't know what is. Hopefully the smaller account will start co-operating soon too.
  • #47,094
  • Aug 13, 2019 5:01am Aug 13, 2019 5:01am
Quoting Hgo
{quote} Volf. Well done. Would you have time to explain, the reasons on taking both short and long entries, on some of your trades today, you've posted. Only if you have spare time though. Well done again.

Thank you Hgo.

I didn't go beyond the system. First and foremost this was the intraday order flow that complies with my risk abilities money-wise and personal-wise. Other than that: extensions, 1-1 ratios and areas of interest. That's what you need to master first so concentrate on that, and this is the best place I have ever been to learn that - Damian is a great teacher!

About execution, I am learning rotations and while I am doing this, I am testing my own ideas with help of my long trading experience. I don't want to add anything more as I don't know yet if I wasn't just lucky Once I am sure the idea is worth something I will propose this to Damian so he can appraise if it is something that can be added here.

Good luck!
V
  • #47,095
  • Edited 5:34am Aug 13, 2019 5:12am | Edited 5:34am
Quoting volf
{quote} Thank you Hgo. I didn't go beyond the system. First and foremost this was the intraday order flow that complies with my risk abilities money-wise and personal-wise. Other than that: extensions, 1-1 ratios and areas of interest. That's what you need to master first so concentrate on that, and this is the best place I have ever been to learn that - Damian is a great teacher! About execution, I am learning rotations and while I am doing this, I am testing my own ideas with help of my long trading experience. I don't want to add anything more...
Volf. Thank you for reply.
Anyway, you are doing well.
Keep it up.
Thanks.
  • #47,096
  • Aug 13, 2019 5:17am Aug 13, 2019 5:17am
Quoting brrand
GBPJPY L again.{image}
Got out of this trade at BE.
  • #47,097
  • Edited 6:45am Aug 13, 2019 5:24am | Edited 6:45am
Hi Everyone.

Can anyone help me out with this order flow. I'm just not sure how one should have trade this price action, in the blue triangle.

The price retraced after making a NSL, and NSH. Witch of the swings 1 or 2 would be in play.
Now what is the expectation? LH .
Just discard the red triangle price action.
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  • #47,098
  • Aug 13, 2019 5:35am Aug 13, 2019 5:35am
EG S
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  • #47,099
  • Aug 13, 2019 7:04am Aug 13, 2019 7:04am
Hello Traders, A quick morning update on the longer term trade. Still in it. I have extended the TP further down and will continue lock in profit as needed. Onve we get to the 61.8 I will lock in some more.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_08_13 (8_01_47 AM).png Size: 66 KB
If you fail to plan, you plan to fail.
  • #47,100
  • Aug 13, 2019 7:06am Aug 13, 2019 7:06am
Hi all traders... This thread just keeps inspiring.! How long are your daily trading sessions?
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