Ratios & Harmonics: a Different Way to Trade

Hey Mr.Pip, are you still in that long term short? I have a feeling it might work out.

Still in it

Live stream link

https://www.youtube.com/c/MrPip/live

Another view of your trade entry in the live feed. it is a potential D entry in this Timeframe

The ABCD of 62 extended to 72 and made another pattern for D entry.

the retrace of the first 62 leg was also Fibbo 61.8 when it was the d point

HI Mr.Pip ...& others..


I was reading through the thread all the day starting from first page and then from the structure analysis...truly amazing work here Mr.Pip. Just wanted to thank you for helping the newbies and giving back to the community. So opened a account here and this is my first post. Planing to join you guys after going through the course from the beginning.

Thank you Mr.Pip

It looks like price is still headed for this potential bat pattern. Still not sure if I drew it correctly, but keeping my eye on it nevertheless.

2 Trades today. +28
1. looking at the smaller order flow took short at AOI looking to take long when price came in the AOI of the longer order flow for NSH but price didnt get to my identified long AOI and stopped for -28.
2. +56. got out due to 27,000.

Thanks for the live stream Damian.

Good afternoon, Mr. Pip. How do you deal with such situations?
It may be necessary to leave some space under HL or LH?
Or just leave it as it is, and the next?

I learned an important lesson these past few weeks.
I learned this important lesson by losing a lot of money.

I cannot stress this enough. There is a very good reason Damian only trades 1 instrument.
I began trying to trade other instruments on longer-term time frames.
My profitability tanked. I was not fully in tune with the intraday order flow. I had my mind in other places. I had been holding a 68% win-rate up until this point with a 2.52 profit factor on a live-account.

Me trying to trade 4 different longer-term time frames was fueled by greed. I wanted to make more money, and I wanted to make it fast. It is very ironic how that works. The more I desired money, the less I made. But when I sat back and followed my trade plan and focused on placing good trades, the money just rolls in.

This threw me into a deep depression. The losses were stinging, and I was stringing losing weeks together, I only had 1 winner these past 2 weeks. Every loser I took was no longer a "Next!" situation. It was a deep blow to me mentally and felt like I had taken one step further away from my financial goals.

Until 3 AM last night, when I realized that all of this had been occurring simply because of my own greed and me not following my trade plan. I spread myself too thin, I was trying to be the jack of all trades. I was trying to watch Gold, Silver, Bonds, DOW, Copper, etc. But I failed to realize that I am not a firm. I don't have analysts monitoring every market. I am one human mind that can really only focus on 1 chart with extreme efficiency. Why should I try to be the Jack of All Trades when I could be like Damian? A master of one market, the YM, and he trades that market like no one else I've ever seen. He makes 6-7 figures on just 1 symbol, and yet my greed convinced me that this was not enough.

I am putting all of this out here, maybe to help someone, or maybe to reinforce in someone's mind, stick to the plan, and don't let greed blind you like it did me.
I'll be here tomorrow morning to trade my plan on the YM 144.

When you're finally able to look at the market and deal with your trades in a dispassionate way, you have adopted the quality of a professional money-making trader.

That's when the fun begins.

Well, it looks like price achieved the D on my chart. I was long and made just over +275 on this trade. Now, I am looking to hopefully get short.

Hi Mr Pip,

Still learning from this thread, thanks for sharing your knowledge.

My first attempt for a Bat Pattern in this thread am I doing them correctly?

Here is the post session review

https://youtu.be/Adonc_SsoIo

Here is the live stream

https://youtu.be/904Xi04T2ms

Dear friend,

After few day I have figured it out why my XABCD doesn't show ratios when I drawing it. It's because I have two data series (YM + MYM) on same chart, when I drawing it in a chart that have one data series, everything work fine.

By the way, Can you please tell me which programming language was used in NT8?

Ill look into fixing that in a forthcoming release.
NT8 is c# based.

Damian,

Thanks for the great session today and for all the insight that you graciously share.

Tough times don't last, only tough people do - Nobody does it better than you.

i agree