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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

  • #48,141
  • Sep 17, 2019 8:38am Sep 17, 2019 8:38am
GM Traders! Live stream tomorrow!!!
If you fail to plan, you plan to fail.
  • #48,142
  • Sep 17, 2019 8:41am Sep 17, 2019 8:41am
Short
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If you fail to plan, you plan to fail.
  • #48,143
  • Sep 17, 2019 8:43am Sep 17, 2019 8:43am
Some volatility
If you fail to plan, you plan to fail.
  • #48,144
  • Sep 17, 2019 8:50am Sep 17, 2019 8:50am
Stupid buyers are defending. sellers need to attack
If you fail to plan, you plan to fail.
  • #48,145
  • Sep 17, 2019 8:53am Sep 17, 2019 8:53am
Come on bears!
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  • #48,146
  • Sep 17, 2019 8:53am Sep 17, 2019 8:53am
Big fight
If you fail to plan, you plan to fail.
  • #48,147
  • Sep 17, 2019 8:54am Sep 17, 2019 8:54am
Quoting Kayjay2011
Come on bears! {image}
Yes come on!
If you fail to plan, you plan to fail.
  • #48,148
  • Sep 17, 2019 8:54am Sep 17, 2019 8:54am
Lets see how the big ass 27000 round number affects the bears
If you fail to plan, you plan to fail.
  • #48,149
  • Sep 17, 2019 8:58am Sep 17, 2019 8:58am
Dear all,

I have a big "psychological" problem.

So used to going long (probably because of years of buying stocks?), so I can typically do well when the trend (say, FX, or Index) is going up.

But when the expectation is NSL... that's when i struggle to short. I always FEAR of going short, FEAR of entering into that trade, even though the concept (momentum, projection, depth, structure) is all the same.

For two years, i quit from trading because of not really profitable trades. Win a bit. Lose a bit. Highly likely net loss.

Damian has given all the necessary knowledge and skills, yet it's my own psychological barrier that prohibits me from being successful.

A lot have happened since then, which allows me to keep my emotions in check, thus made me decide to come back to this profession again.

Results has been pretty decent. Small but surely, net wins every day for two weeks and half.

If I could only overcome the barrier of going short, it's going to improve my trading up one notch.

Any suggestions?

By the way, noted that most of the commentators are not the same crowd from two years back. The only familiar name is x3mPippin.
  • #48,150
  • Sep 17, 2019 9:01am Sep 17, 2019 9:01am
Quoting kelvinyun
Dear all, I have a big "psychological" problem. So used to going long (probably because of years of buying stocks?), so I can typically do well when the trend (say, FX, or Index) is going up. But when the expectation is NSL... that's when i struggle to short. I always FEAR of going short, FEAR of entering into that trade, even though the concept (momentum, projection, depth, structure) is all the same. For two years, i quit from trading because of not really profitable trades. Win a bit. Lose a bit. Highly likely net loss. Damian has given all the...
Find me on skype and I'll straighten you out. join us on the stream tomorrow
If you fail to plan, you plan to fail.
  • #48,151
  • Sep 17, 2019 9:05am Sep 17, 2019 9:05am
Quoting kelvinyun
Dear all, I have a big "psychological" problem. So used to going long (probably because of years of buying stocks?), so I can typically do well when the trend (say, FX, or Index) is going up. But when the expectation is NSL... that's when i struggle to short. I always FEAR of going short, FEAR of entering into that trade, even though the concept (momentum, projection, depth, structure) is all the same. For two years, i quit from trading because of not really profitable trades. Win a bit. Lose a bit. Highly likely net loss. Damian has given all the...
Try turning the monitor upside down
Anything is Possible!Side with the Probable!
  • #48,152
  • Sep 17, 2019 9:05am Sep 17, 2019 9:05am
We never marry any one side! We need to be as dynamic as the market. Direction is not important the expectation leads the path for price to follow.
If you fail to plan, you plan to fail.
  • #48,153
  • Sep 17, 2019 9:05am Sep 17, 2019 9:05am
Quoting kelvinyun
The only familiar name is x3mPippin.

Imagine how boring my life is ...following a guy like Damian for more than two years ... lol

To answer your question:
1. Push your self past the comfort zone
2. Meditate or just sit with your eyes closed and picture yourself trading and having an expectation for a NSL, going short and managing your trade properly and taking profit. Do this A LOT and it might just work. That's how I improved my problem with cutting my profits too early.
  • #48,154
  • Sep 17, 2019 9:13am Sep 17, 2019 9:13am
Quoting x3m-PippiN
{quote} Imagine how boring my life is ...following a guy like Damian for more than two years ... lol To answer your question: 1. Push your self past the comfort zone 2. Meditate or just sit with your eyes closed and picture yourself trading and having an expectation for a NSL, going short and managing your trade properly and taking profit. Do this A LOT and it might just work. That's how I improved my problem with cutting my profits too early.
Or you can do it Damian style and go skydiving that is a real short for you! Mind over matter gains mastery. I know you can do it!
If you fail to plan, you plan to fail.
  • #48,155
  • Sep 17, 2019 9:14am Sep 17, 2019 9:14am
Quoting Mr. Pip
{quote} Or you can do it Damian style and go skydiving that is a real short for you! Mind over matter gains mastery. I know you can do it!
That would be a short on my life expectancy. Too much adrenaline for my liking
  • #48,156
  • Sep 17, 2019 9:15am Sep 17, 2019 9:15am
Quoting x3m-PippiN
{quote} That would be a short on my life expectancy. Too much adrenaline for my liking
If you fail to plan, you plan to fail.
  • #48,157
  • Sep 17, 2019 9:17am Sep 17, 2019 9:17am
Bears are not getting the job done! They should be able to but they are eating shit!!!
If you fail to plan, you plan to fail.
  • #48,158
  • Sep 17, 2019 9:18am Sep 17, 2019 9:18am
Quoting Mr. Pip
{quote} Or you can do it Damian style and go skydiving that is a real short for you! Mind over matter gains mastery. I know you can do it!
Sky diving was great before my first born, couldn't go back to it after my first born.
Anything is Possible!Side with the Probable!
  • #48,159
  • Sep 17, 2019 9:20am Sep 17, 2019 9:20am
Quoting Mr. Pip
Bears are not getting the job done! They should be able to but they are eating shit!!!
It seems that every time the bears sold off more contracts the bulls kept buying up the contracts at a discount. So, for your trade,...lets see if the bulls run out of money.
Luck has no place in trading. Leave that for the poker table.
  • #48,160
  • Sep 17, 2019 9:21am Sep 17, 2019 9:21am
Quoting FiftyFibFX
{quote} Sky diving was great before my first born, couldn't go back to it after my first born.
I understand I don't do it anymore either
If you fail to plan, you plan to fail.
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