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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

  • #48,401
  • Sep 26, 2019 10:40am Sep 26, 2019 10:40am
Taken on the longer term as well +202 points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (1597 Tick) 2019_09_26 (11_39_38 AM).png Size: 85 KB
If you fail to plan, you plan to fail.
  • #48,402
  • Sep 26, 2019 10:41am Sep 26, 2019 10:41am
Quoting BlacMoni
{quote} Please which indicator or EA do you use for your offline tick charts?
Hi,
https://www.forexfactory.com/showthread.php?t=601429 For second chart,mt4.
https://www.forexfactory.com/showthread.php?t=601279 For tick chart,mt4.
Time is an illusion, timing is an art.
  • #48,403
  • Sep 26, 2019 10:42am Sep 26, 2019 10:42am
Quoting JeanValJean.
{quote} Hi, https://www.forexfactory.com/showthread.php?t=601429 For second chart,mt4. https://www.forexfactory.com/showthread.php?t=601279 For tick chart,mt4.
Thanks
  • #48,404
  • Sep 26, 2019 10:50am Sep 26, 2019 10:50am
4 trades for me
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  • #48,405
  • Sep 26, 2019 11:04am Sep 26, 2019 11:04am
5 Trades today. +79
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  • #48,406
  • Sep 26, 2019 11:04am Sep 26, 2019 11:04am
Quoting Kayjay2011
Took a short but the bears don't look too happy. {image}
Out BE +5 and a good time to end the session. Looking forward to tomorrow!
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  • #48,407
  • Sep 26, 2019 12:58pm Sep 26, 2019 12:58pm
We had a big break of major structure (green area) that I was expecting to react as resistance and it did although I suffered a bit on the pain train.

Price was really determined to go down (strenght of my main swing) and couldn't go up anymore (proof was that it even slighly broke the top right at the beginning of my swing after many attempts). We expected a deep correction after an expectation failed and that's what happened, even deeper that I thought.

+ 67 is my result for the day..
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (89 Tick) 2019_09_26 (7_54_58 PM).png Size: 76 KB
  • #48,408
  • Sep 26, 2019 2:02pm Sep 26, 2019 2:02pm
Two trades today on YM. Loss, BE and reentry for winner. Missed a few due to odd rotation candles and did not pull the trigger.

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Good work is the key to good fortune
  • #48,409
  • Sep 26, 2019 2:23pm Sep 26, 2019 2:23pm
Quoting Mr. Pip
Taken on the longer term as well +202 points {image}
Speaking of longer term, of which you're killing it... did you see this? 3 nearly 1:1 movements to the down... and another one (where you just got stopped out) for a possible 4th in a row. :-)
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Markets can remain irrational longer than you can remain solvent - JMK
  • #48,410
  • Sep 26, 2019 5:46pm Sep 26, 2019 5:46pm
I show occasional trades in this thread but thought I'd share my days trading. Traded EU yesterday. 5 Wins, 2 Losses, 1 BE (end of session).

I use a 89Tick chart but can't transfer my trades to the chart so this is a 1min chart.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #48,411
  • Sep 26, 2019 5:51pm Sep 26, 2019 5:51pm
Quoting Mr. Pip
Short on the longer term I was filled overnight {image}
Hey mr pip do you mind walking me through the thoughts behind this trade?
instagram: stepbystepforex
  • #48,412
  • Sep 26, 2019 8:12pm Sep 26, 2019 8:12pm
Hello Traders,

Here is the post session review. I covered the longer term trade as well.

https://youtu.be/X-_w964C_ik
If you fail to plan, you plan to fail.
  • #48,413
  • Sep 26, 2019 10:37pm Sep 26, 2019 10:37pm
Mr Pip, thank you for your continuing efforts in trying to help struggling traders.

One observation I have is that you seem to manage your longer term trades a little differently than your shorter term trades in the sense that you lock in and take profits more aggressively on the longer term trades than you do on the shorter term trades.

In this last long term trade you moved to BE and then took profits well before price engaged with the low. On a shorter term trade wouldn't you have waited until price was near the low before moving to BE, and then started trailing when price hit the 127 or 1 to 1?

I actually like the way you manage the longer term trades better as I've seen you give up hundreds of ticks to BE on the short term trades in the mustard seed account after price had moved significantly in your favor.

Please correct me if I am misunderstanding anything.
  • #48,414
  • Sep 27, 2019 1:48am Sep 27, 2019 1:48am
Hey Mr. Pip,

I've been struggling to stay ahead of the markets moves in terms of patterns and harmonics, do by chance have a checklist of things that you start with and go through real fast before you decide to take a position or determine what pattern it might be forming.
  • #48,415
  • Sep 27, 2019 4:29am Sep 27, 2019 4:29am
Trading immediate order flow. Possibly expectation failure however with the 1:1 completion on the longer term.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #48,416
  • Sep 27, 2019 4:47am Sep 27, 2019 4:47am
Quoting Matts Micro
Trading immediate order flow. Possibly expectation failure however with the 1:1 completion on the longer term. {image}
Here is why I am keen for this trade and not the longer term. Imo this buying level has a strong potential to head further up.
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As the lights go by so too do the shadows move
  • #48,417
  • Sep 27, 2019 5:02am Sep 27, 2019 5:02am
Quoting Matts Micro
Trading immediate order flow. Possibly expectation failure however with the 1:1 completion on the longer term. {image}
Out @BE. May re-enter on this swing or if the bears want to take it lower on the longer term.
As the lights go by so too do the shadows move
  • #48,418
  • Sep 27, 2019 5:10am Sep 27, 2019 5:10am
Quoting Matts Micro
{quote} Out @BE. May re-enter on this swing or if the bears want to take it lower on the longer term.
Good rotation, re-entered same price I was stopped at.
As the lights go by so too do the shadows move
  • #48,419
  • Sep 27, 2019 6:05am Sep 27, 2019 6:05am
Quoting Matts Micro
{quote} Good rotation, re-entered same price I was stopped at.
Taken out on TS. R:R- 4.9 : 13.6.
Had a little of pain to start. May of been too keen on last TS 2 ticks early but happy with what I got.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #48,420
  • Sep 27, 2019 6:51am Sep 27, 2019 6:51am
"If someone tried to take control of your body and make you a slave, you would fight for freedom. Yet how easily you hand over your mind to anyone who insults you. When you dwell on their words and let them dominate your thoughts, you make them your master."
70% expectancy rate with proper SL placement.
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