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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

  • #47,281
  • Aug 16, 2019 9:38am Aug 16, 2019 9:38am
Quoting Mr. Pip
What a crock of shit look at this crap {image}
I think I almost saw the same thing. You are still light years ahead of my in accuracy though.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (233 Tick).png Size: 73 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,282
  • Aug 16, 2019 9:41am Aug 16, 2019 9:41am
Traders, Now that there are a bunch of you here. Wednesday is the live stream. Also working on a presentation for you all on the three pillars of trading.
If you fail to plan, you plan to fail.
  • #47,283
  • Aug 16, 2019 9:43am Aug 16, 2019 9:43am
Friday Market.... I took +27... Crappi because I wanted to get in again, and I missed it.
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 09-19 (144 Tick) 2019_08_16 (10_40_16 AM).png Size: 66 KB
  • #47,284
  • Aug 16, 2019 9:44am Aug 16, 2019 9:44am
Quoting Mr. Pip
{quote} Expectation is for a NSH
Thank you for the conformation. That is my thought.
your teaching is much appreciated, by all of us.

Thanks
  • #47,285
  • Aug 16, 2019 9:48am Aug 16, 2019 9:48am
Quoting Mr. Pip
{quote} You are probably not factoring the size of the stop sometimes and you may need to enter with a smaller position size and scale in if needed. Hard to tell from you post. What's going on we need more info.
Hey Mr Pip, thank you so much for the reply. So I watched the live stream yesterday and know that you do recommend trading Futures over Forex, but due to the high minimum deposits here in Singapore, I'm unable to trade futures and have resigned myself to Forex. I've recently opened a new trading account and am solely focusing on using your style of trading and it's been working amazingly, just yesterday made 8% on the account. And as per the money management spreadsheet, im sticking to the number of contracts it shows. However, on some days when maybe the swing is big, but I enter on the 38.2% for example, the losses are huge. But if I enter at the 78.6% the losses are maybe at just 1% of my account size.

From what you mentioned in the reply, regarding reducing position size when stop size increases, would that then mean sticking to a fixed risk per trade?

I'm really sorry for the long post and questions, but I'm really grateful for the help!
  • #47,286
  • Aug 16, 2019 9:51am Aug 16, 2019 9:51am
Quoting Mr. Pip
Hello Traders can you believe someone on our channel had the balls to Spam and try to send traders to another place. What disrespect!
I guess we found out who clicked on "dislike" in the last live session !! heheh
  • #47,287
  • Aug 16, 2019 9:55am Aug 16, 2019 9:55am
Quoting mangoeater
{quote} Hey Mr Pip, thank you so much for the reply. So I watched the live stream yesterday and know that you do recommend trading Futures over Forex, but due to the high minimum deposits here in Singapore, I'm unable to trade futures and have resigned myself to Forex. I've recently opened a new trading account and am solely focusing on using your style of trading and it's been working amazingly, just yesterday made 8% on the account. And as per the money management spreadsheet, im sticking to the number of contracts it shows. However, on some days...
Not a fixed risk but more of risk control. Entering on the 38% with a full position size creates a little options if the trade breaks down on you. If you enter with half of a position and say the trade goes against you, you could enter the the other half. This offers you more options.

1. You averaged in a better price.
2. This had reduced the risk to less.
3. This offers you a much better BE
4. Give you a better chance to rescue it if you need to.
If you fail to plan, you plan to fail.
  • #47,288
  • Aug 16, 2019 9:55am Aug 16, 2019 9:55am
Quoting pereiraalex
{quote} I guess we found out who clicked on "dislike" in the last live session !! heheh
If you fail to plan, you plan to fail.
  • #47,289
  • Aug 16, 2019 10:00am Aug 16, 2019 10:00am
Quoting Mr. Pip
{quote} Not a fixed risk but more of risk control. Entering on the 38% with a full position size creates a little options if the trade breaks down on you. If you enter with half of a position and say the trade goes against you, you could enter the the other half. This offers you more options. 1. You averaged in a better price. 2. This had reduced the risk to less. 3. This offers you a much better BE 4. Give you a better chance to rescue it if you need to.
Ahhh I see, this makes so much sense. Thank you so much Mr Pip. I'm going to try apply this and see how things go!
  • #47,290
  • Aug 16, 2019 10:09am Aug 16, 2019 10:09am
Short 25901. ABCD, ratio exhaustion and 900 begins some resistance on longer term. Stop above 161.8. We will how this one works out.

Attached Image (click to enlarge)
Click to Enlarge Name: Entry 25901.PNG Size: 46 KB
Good work is the key to good fortune
  • #47,291
  • Aug 16, 2019 10:12am Aug 16, 2019 10:12am
Quoting Rush2112
Short 25901. ABCD, ratio exhaustion and 900 begins some resistance on longer term. Stop above 161.8. We will how this one works out. {image}
Exactly what I did.

Attached Image (click to enlarge)
Click to Enlarge Name: TSImage5.jpg Size: 189 KB
  • #47,292
  • Edited 11:22am Aug 16, 2019 10:19am | Edited 11:22am
Another way to use Harmonics and Ratio. Had a one to one exhaustion in area where the day's fair value is in an area of support resistance. I've found high probability we get back to center 80% of the time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 09-19 (590 Tick) 2019_08_16 (11_15_19 AM).png Size: 63 KB
Click to Enlarge Name: NQ 09-19 (300 Tick) 2019_08_16 (11_45_33 AM).png Size: 51 KB
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_08_16 (12_18_14 PM).png Size: 65 KB
Click to Enlarge Name: ES 09-19 (300 Tick) 2019_08_16 (12_19_19 PM).png Size: 68 KB
Anything is Possible!Side with the Probable!
  • #47,293
  • Aug 16, 2019 10:20am Aug 16, 2019 10:20am
Decided to go back to demo trading to work out a few kinks that I missed. Also, I need to get new text books ready for my students, so I will start trading live again after September?

I got a good entry on the MYM and I should have entered my short on my YM at the top of my blue box. So, I need to tell myself, don't just enter on the completion of a harmonic 1 to 1 blindly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 09-19 (233 Tick).png Size: 79 KB
Click to Enlarge Name: MYM 09-19 (233 Tick).png Size: 60 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,294
  • Aug 16, 2019 10:22am Aug 16, 2019 10:22am
BE now as price hit 38.2 of AD leg...

Looks like it is setting up. Maybe the 61.8..

Attached Image (click to enlarge)
Click to Enlarge Name: 25901 Update.PNG Size: 43 KB
Good work is the key to good fortune
  • #47,295
  • Aug 16, 2019 10:27am Aug 16, 2019 10:27am
Taken out on trail at my target 38 of AD. +57

Attached Image (click to enlarge)
Click to Enlarge Name: TSImage6.jpg Size: 172 KB
  • #47,296
  • Aug 16, 2019 10:34am Aug 16, 2019 10:34am
Quoting Rush2112
BE now as price hit 38.2 of AD leg... Looks like it is setting up. Maybe the 61.8.. {image}
Yeah, I was hoping for the ABCD correction back up so I could take it the rest of the way to the 61.8
  • #47,297
  • Aug 16, 2019 10:38am Aug 16, 2019 10:38am
Ok guys I have to go so I did not get another trade. Looking forward to next week and stay tuned to the post session review.
If you fail to plan, you plan to fail.
  • #47,298
  • Aug 16, 2019 10:39am Aug 16, 2019 10:39am
Attached Image (click to enlarge)
Click to Enlarge Name: BlackBull Markets MT4.png Size: 106 KB
As the price retraced from NSH to LH @ 61.8%, I thought would qualify for expectation long
  • #47,299
  • Aug 16, 2019 10:39am Aug 16, 2019 10:39am
Quoting Pair-me-up
Decided to go back to demo trading to work out a few kinks that I missed. Also, I need to get new text books ready for my students, so I will start trading live again after September? I got a good entry on the MYM and I should have entered my short on my YM at the top of my blue box. So, I need to tell myself, don't just enter on the completion of a harmonic 1 to 1 blindly. {image} {image}
Out--> YM (+51)
MYM -13 (+30)


Aside from that weird crappy, Twilight Zone looking move from earlier, the market almost seem to move in line with more of my expectations as usual.

And always grateful for the live streams. There is always something new to learn.

The live stream is like taking your ax to the black smith. The black smith has to sharpen the skills with fire and many hard strikes to get it through my steal skull. ha ha ha
Luck has no place in trading. Leave that for the poker table.
  • #47,300
  • Aug 16, 2019 10:41am Aug 16, 2019 10:41am
Excuse my writing, an explanation, as english isn't my first language.
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