Ratios & Harmonics: a Different Way to Trade | Page 2356 | 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

  • #47,101
  • Aug 13, 2019 7:10am Aug 13, 2019 7:10am
Went Long already on BE
Attached Image (click to enlarge)
Click to Enlarge Name: 749781C1-FCF8-43F6-B6C1-870AD0FBCCF4.png Size: 70 KB
  • #47,102
  • Aug 13, 2019 7:11am Aug 13, 2019 7:11am
Quoting shevshenko7
Hi all traders... This thread just keeps inspiring.! How long are your daily trading sessions?
The live session, about 2 to 3 hours. Usually from 2.30 -3.00pm till 5. - 5.30.
  • #47,103
  • Aug 13, 2019 7:36am Aug 13, 2019 7:36am
Quoting FxZitha
Went Long already on BE{image}
Stopped out on BE
  • #47,104
  • Aug 13, 2019 7:58am Aug 13, 2019 7:58am
Quoting shevshenko7
Hi all traders... This thread just keeps inspiring.! How long are your daily trading sessions?
I trade for about 3 hours and then occasionally to manage longer term trades.
If you fail to plan, you plan to fail.
  • #47,105
  • Aug 13, 2019 8:12am Aug 13, 2019 8:12am
Quoting trannhu
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...
Holding trades past the close different margin requirements. The contract value is the same. You need to check with your broker and see what margins are required for you to hold trade. I trade for a bout 3-4 hours and trades that stay open like the longer term I keep a distant eye one. This means I take a look once or twice a day to make adjustments. this take a couple of min. Some trades take a bit closer monitoring but its not as bad as you think.

This longer term position that I'm in on, after my session ended I looked at it again around 5pm and once my before bed.
If you fail to plan, you plan to fail.
  • #47,106
  • Aug 13, 2019 8:15am Aug 13, 2019 8:15am
Quoting siimduud
{quote} 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.
The small account will be fine just some market foreplay going on.
If you fail to plan, you plan to fail.
  • #47,107
  • Aug 13, 2019 8:21am Aug 13, 2019 8:21am
Locked in 500K of profit. Now lets let's see if the bears can continue to push.

Remember the live stream tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_08_13 (9_20_09 AM).png Size: 67 KB
If you fail to plan, you plan to fail.
  • #47,108
  • Aug 13, 2019 8:27am Aug 13, 2019 8:27am
Quoting Mr. Pip
Locked in 500K of profit. Now lets let's see if the bears can continue to push. Remember the live stream tomorrow. {image}
Closing your position will create a nice rotation candle and more on 144 tick chart
  • #47,109
  • Aug 13, 2019 8:28am Aug 13, 2019 8:28am
Quoting Mr. Pip
{quote} The small account will be fine just some market foreplay going on.
Seriously awesome for doing the small account challenge
  • #47,110
  • Aug 13, 2019 8:30am Aug 13, 2019 8:30am
Quoting Mr. Pip
Locked in 500K of profit. Now lets let's see if the bears can continue to push. Remember the live stream tomorrow. {image}
Mr. Pip, Hello. In your last posts you said that money doesn’t matter and it’s important to follow your rules. And now you start trailing before 61.8 achieved. Why?

Maybe it's not my business, sorry. Just interesting to understand your long term strategy.
  • #47,111
  • Aug 13, 2019 8:32am Aug 13, 2019 8:32am
Quoting Mr. Pip
Locked in 500K of profit. Now lets let's see if the bears can continue to push. {image}

2 observations - Your bonus entry order which you cancelled due to liquidity issues could not have been placed in a better location. Awesome!

Also, your current profit stop is only 23 ticks below the 26000 which should have large psychological meaning.
  • #47,112
  • Aug 13, 2019 8:32am Aug 13, 2019 8:32am
Quoting RussellShaw
{quote} Mr. Pip, Hello. In your last posts you said that money doesn’t matter and it’s important to follow your rules. And now you start trailing before 61.8 achieved. Why? Maybe it's not my business, sorry. Just interesting to understand your long term strategy.
He said in his last post session review...money is not important... but in his case it's stupid to give back 6 figure profits. So he smartly locks in some profits and giving enough room for price to wiggle around.
  • #47,113
  • Aug 13, 2019 8:38am Aug 13, 2019 8:38am
Quoting RussellShaw
{quote} Mr. Pip, Hello. In your last posts you said that money doesn’t matter and it’s important to follow your rules. And now you start trailing before 61.8 achieved. Why? Maybe it's not my business, sorry. Just interesting to understand your long term strategy.
He certainly can speak for himself, but price has already achieved beyond 1:1 and he has several different trailing strategies. Some that give price more room to move.
  • #47,114
  • Aug 13, 2019 8:40am Aug 13, 2019 8:40am
Taken on the longer term +335 points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_08_13 (9_39_34 AM).png Size: 71 KB
If you fail to plan, you plan to fail.
  • #47,115
  • Aug 13, 2019 8:47am Aug 13, 2019 8:47am
Quoting RussellShaw
{quote} Mr. Pip, Hello. In your last posts you said that money doesn’t matter and it’s important to follow your rules. And now you start trailing before 61.8 achieved. Why? Maybe it's not my business, sorry. Just interesting to understand your long term strategy.
I've also said that occasionally I too have discipline issues. The money always matters but we must detach ourselves from the value of money which is hard to do when you are up so much. That is my honest answer. I did break my trailing rules. I'm human to.
If you fail to plan, you plan to fail.
  • #47,116
  • Aug 13, 2019 8:48am Aug 13, 2019 8:48am
Successful rescue this morning
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #47,117
  • Aug 13, 2019 8:49am Aug 13, 2019 8:49am
Shit guys what the hell is going on in the YM today WOW.
If you fail to plan, you plan to fail.
  • #47,118
  • Aug 13, 2019 8:51am Aug 13, 2019 8:51am
Quoting Mr. Pip
{quote} Holding trades past the close different margin requirements. The contract value is the same. You need to check with your broker and see what margins are required for you to hold trade. I trade for a bout 3-4 hours and trades that stay open like the longer term I keep a distant eye one. This means I take a look once or twice a day to make adjustments. this take a couple of min. Some trades take a bit closer monitoring but its not as bad as you think. This longer term position that I'm in on, after my session ended I looked at it again around...
Thank for your answer Damian, by the way, today the bulls run like they have fire on they ass,
  • #47,119
  • Aug 13, 2019 8:51am Aug 13, 2019 8:51am
Quoting Mr. Pip
{quote} I've also said that occasionally I too have discipline issues. The money always matters but we must detach ourselves from the value of money which is hard to do when you are up so much. That is my honest answer. I did break my trailing rules. I'm human to.
Thanks for the answer, now everything is clear
  • #47,120
  • Aug 13, 2019 8:52am Aug 13, 2019 8:52am
Good day, Traders!
Quoting Mr. Pip
Shit guys what the hell is going on in the YM today WOW.
I thought it was you taking profit.

I got stopped out on my short for -49 points. Hopefully I can get another chance during this session.
13 traders viewing now