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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Attachments: Ratios & Harmonics: a Different Way to Trade
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Ratios & Harmonics: a Different Way to Trade

Live Stream link

https://www.youtube.com/c/MrPip/live
If you fail to plan, you plan to fail.
Lots of harmonic confluence
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YM
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Thanks again for the great live stream, Damian.

I took a short today and once price made a NSL decided to lock in some profits between the 38% and 50% ratio of the new main swing.
+30p for today.
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I’ll post the live stream link later on. We started earlier to cove a couple of things and I also wanted to mention some fundamental components you want to have as part of these advanced patterns.

1. The anchor leg must be a main swing of an order flow larger, intermediate or short term.

2. The pattern adds confluence and does not stand on its own.

3. The pattern is in harmony with what the market is working towards.
If you fail to plan, you plan to fail.
Here is my trade of today. Expectation was NSL and I had structure on the left and price was accelerating to the downside so I entered. The trade would have reached my 1:1 target but I trailed a little more aggressively because of the stronger structure I had right in front of me. I ended up my day with a +29
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Often, people do pretty well in paper trading.

But in live trading, all hell breaks loose.

This is proof that the predicament is fundamentally a mindset one.
70% expectancy rate with proper SL placement.
Quoting Dropplan
Often, people do pretty well in paper trading. But in live trading, all hell breaks loose. This is proof that the predicament is fundamentally a mindset one.
Mastery, we must achieve!
If you fail to plan, you plan to fail.
Quoting Dropplan
Often, people do pretty well in paper trading. But in live trading, all hell breaks loose. This is proof that the predicament is fundamentally a mindset one.

Very true. If one can't paper trade (demo trade) like they have real money at risk, then they have a higher probability of not doing well regardless if it is a live account or not.

Don't practice with real money until you can paper trade like it is real money.

Once you are trading with real money, still follow your plan.
Luck has no place in trading. Leave that for the poker table.
Todays early harmonic view
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Harmonic Traders, please help me out and give me some criticism or guidance on whether or not I have properly identified and ABCD pattern. I would greatly appreciate it!
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Quoting spetscom
Harmonic Traders, please help me out and give me some criticism or guidance on whether or not I have properly identified and ABCD pattern. I would greatly appreciate it! {image}
Yes you have and the expectation is for a NSH
Quoting spetscom
Harmonic Traders, please help me out and give me some criticism or guidance on whether or not I have properly identified and ABCD pattern. I would greatly appreciate it! {image}
It completes at 27273 on my chart.
Shit market today HUGE main swing and little to no immediate order flow
If you fail to plan, you plan to fail.
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Took this short on EURJPY. price is holding up at 88% fib. Need the bears to come with full force. good structure to the left which needs to hold
This blue dashed box got tested twice (yellow circles). Then the bulls made a strong effort to get to the top of it. So, if the bulls really want a New Structure High, they will need to move up and beyond the range which is the blue range , which is also in a range that we were in last week.
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Luck has no place in trading. Leave that for the poker table.
I'm long but risky trade.
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If you fail to plan, you plan to fail.
Quoting Mr. Pip
I'm long but risky trade. {image}
Mr Pip, I cant see the whole chart but why is this trade risky? because of lack of a clear rotation?
Quoting brrand
{quote} Mr Pip, I cant see the whole chart but why is this trade risky? because of lack of a clear rotation?
No I got the rotation. I just have no order flow and lack of structure to the left and stop placement may be vulnerable
If you fail to plan, you plan to fail.
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