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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

  • #48,461
  • Sep 27, 2019 2:42pm Sep 27, 2019 2:42pm
Quoting Pair-me-up
Last trade for this week. {image}
I am out for the night. That crazy drop earlier wiped out nearly $500 USD from my own little mustard seed account that I am attempting to grow. Then I was like oh, hell nah! My goal is to grow my account. So, I just let it go mentally and had a few nickle and dime trades, then by golly, it was time to get short.

Long story short, I came out of this, with $303.50 USD more than I started out with tonight.

Of course, the would of, could of, should of comes to mind.. like if we didn't get that crazy wiping out the dinosaurs rock from space drop kind of action.

But I will sleep well this week end knowing, that I followed our plan from this thread and that is trade without fear.

I imagine, that the market will drop come Monday here in Asia. They can probably read about it Saturday Asian time in the news, and they will probably sell like crazy. Then it will be Euro's turn. And then watch the market get bought up like crazy, by some rumor like.. more rate cuts and China discovers the delicious tastes of burritos and thus agrees to not only import more soy beans but add pinto beans too. Then it will be in the News how the Chinese are stealing the recipes for not only burritos but other delicious Mexican food. ha ha ha

Anyways, trade safe all and have a wonderful weekend.
Luck has no place in trading. Leave that for the poker table.
  • #48,462
  • Sep 27, 2019 7:52pm Sep 27, 2019 7:52pm
Hello Traders as I try to catch up here and sit to make to post session review I see a lot of speculation on how the markets may react and about patterns. Let’s keep in mind the the market is a battlefield and a war of real estate. More on this in the live stream Wednesday. You don’t want to miss that lesson
If you fail to plan, you plan to fail.
  • #48,463
  • Sep 27, 2019 8:08pm Sep 27, 2019 8:08pm
Post session review.

https://youtu.be/Dem4NF2XLeg
If you fail to plan, you plan to fail.
  • #48,464
  • Sep 28, 2019 7:13am Sep 28, 2019 7:13am
Quoting standrdtrde
4 Trades today. -25. I actually stopped looking for trades after I made a undisciplined move and tried to take a long on a order flow that I thought would hold. I would have been looking for longs and taken a stop but I guess me being undisciplined and stop looking for trades due to the undisciplined play saved my ass from that expectation failure on the NSH takeout spike. {image}
You are right, my friend, to take a step back once in a while. For what it's worth... I had one of my biggest single day losses a few weeks ago (multiple thousands of dollars), because my emotions were running high from a personal issue and I began making undisciplined emotionally charged moves that escalated to well... more undisciplined moves and more charged emotions. Had I stopped and taken a day to reflect instead of trade, I would have been in a really nice winning month.
Markets can remain irrational longer than you can remain solvent - JMK
  • #48,465
  • Sep 28, 2019 9:57am Sep 28, 2019 9:57am
Quoting Timwelch
{quote} You are right, my friend, to take a step back once in a while. For what it's worth... I had one of my biggest single day losses a few weeks ago (multiple thousands of dollars), because my emotions were running high from a personal issue and I began making undisciplined emotionally charged moves that escalated to well... more undisciplined moves and more charged emotions. Had I stopped and taken a day to reflect instead of trade, I would have been in a really nice winning month.
Damn, those pesky emotions while trading can cloud the setups you see on the chart. It’s weird but I’ve noticed I miss good setups when I’m not relaxed and my emotions are running the show
  • #48,466
  • Sep 28, 2019 10:08am Sep 28, 2019 10:08am
Quoting Timwelch
{quote} You are right, my friend, to take a step back once in a while. For what it's worth... I had one of my biggest single day losses a few weeks ago (multiple thousands of dollars), because my emotions were running high from a personal issue and I began making undisciplined emotionally charged moves that escalated to well... more undisciplined moves and more charged emotions. Had I stopped and taken a day to reflect instead of trade, I would have been in a really nice winning month.
Traders, we are all at risk to undisciplined trading no one is immune. I speak from experience. We must gain mastery over this fact by learning our triggers and the onset of our emotions overtaking our actions. The emotions so destructive that they can undo months of progress in record time. This is true in life matters too.

Mastery is not being ice cold but rather self aware. Work on this. Get to know yourself and how to recognize these destructive propensities so that it dose not become a reoccurring problem. Walking away is sometimes the best course of action. Giving in compounds the problem and feeds the emotions.
If you fail to plan, you plan to fail.
  • #48,467
  • Sep 29, 2019 5:46am Sep 29, 2019 5:46am
I have been reviewing my Fridays trades. I started well but ended up with a small loss for the day, frustrating. There was a period of uncertainty where I lost 3 consecutive trades. At the time I was unsure of the market. It was moving quite a bit and I had a "feeling" of where things were going but couldn't back it up fully with my analysis. I felt because the market was moving I had to trade. It was bad trading and I got frustrated and felt I needed to get payback. Old habits die hard.

I have now written down a reminder in my plan to try to avoid the same mistake. I have watched Mr Pip trade many times and even though the market was moving he has sat on the side lines until he can justify the trade. His saying is "Trade what you see" which is awesome but I need to remember the other side too, which is "If I can't see the trade then don't trade".

Green Pips,
Matt.
As the lights go by so too do the shadows move
  • #48,468
  • Sep 29, 2019 9:35am Sep 29, 2019 9:35am
Hello Mr. Pip,
I have, by the grace of God, saw your thread a few days ago and started the lessons. I am practicing the Structure Analysis. This chart seems to expanding in range drastically and I have a doubt that I may be doing something wrong. Please help me if my structure analysis on the right path.
Thank you for all the awesome lessons, Sir.
God bless you and your family.
Attached Image (click to enlarge)
Click to Enlarge Name: Nifty 50 Futures.png Size: 187 KB
  • #48,469
  • Sep 30, 2019 8:27am Sep 30, 2019 8:27am
Quoting asskg32
Hello Mr. Pip, I have, by the grace of God, saw your thread a few days ago and started the lessons. I am practicing the Structure Analysis. This chart seems to expanding in range drastically and I have a doubt that I may be doing something wrong. Please help me if my structure analysis on the right path. Thank you for all the awesome lessons, Sir. God bless you and your family. {image}
You got it and your analysis looks good. Yes, you would expect a higher low and then a NSH. Your main swing has expanded and is large from the previous NSL to the NSH.
Good work is the key to good fortune
  • #48,470
  • Sep 30, 2019 8:31am Sep 30, 2019 8:31am
Opening chart this morning. Larger order flow is short, more immediate is long.

Attached Image (click to enlarge)
Click to Enlarge Name: Opening Chart - 9-30.png Size: 92 KB
Good work is the key to good fortune
  • #48,471
  • Sep 30, 2019 8:42am Sep 30, 2019 8:42am
Slow start to Monday
  • #48,472
  • Sep 30, 2019 8:46am Sep 30, 2019 8:46am
GM Traders!
If you fail to plan, you plan to fail.
  • #48,473
  • Sep 30, 2019 9:02am Sep 30, 2019 9:02am
bar by bar looks like buyers want to take price higher. We shall see.
  • #48,474
  • Sep 30, 2019 9:03am Sep 30, 2019 9:03am
Expensive rotation but had to do it
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_30 (10_02_52 AM).png Size: 84 KB
If you fail to plan, you plan to fail.
  • #48,475
  • Sep 30, 2019 9:04am Sep 30, 2019 9:04am
Quoting Mr. Pip
Expensive rotation but had to do it {image}
I took that one as well. BE.
  • #48,476
  • Sep 30, 2019 9:06am Sep 30, 2019 9:06am
I'm not in the best area but missed my preferred entry at 849 though price would come slightly lower
If you fail to plan, you plan to fail.
  • #48,477
  • Sep 30, 2019 9:07am Sep 30, 2019 9:07am
Quoting Jaytrades
{quote} I took that one as well. BE.
The expensive rotation has me giving it room I'll BE @900 trail @914
If you fail to plan, you plan to fail.
  • #48,478
  • Sep 30, 2019 9:08am Sep 30, 2019 9:08am
Quoting Mr. Pip
GM Traders!
Good Morning /Evening
Luck has no place in trading. Leave that for the poker table.
  • #48,479
  • Sep 30, 2019 9:10am Sep 30, 2019 9:10am
Buyers need to clear this mess at 895ish
  • #48,480
  • Sep 30, 2019 9:12am Sep 30, 2019 9:12am
Quoting Mr. Pip
Expensive rotation but had to do it {image}
I also got that expensive rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (233 Tick).png Size: 42 KB
Luck has no place in trading. Leave that for the poker table.
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