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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

  • #49,521
  • May 15, 2020 5:02pm May 15, 2020 5:02pm
Quoting drikold
{quote} Thanks for your reply. Yes, i agree with your answers. I have serious issues with discipline. I give you a simple example. i bought gold at 1692 and my analysis told me that it will go in 1745-1750 range. i did this analysis on 11 May 2020. When gold reached at 1701 on the same day i took profit and got out of the trade, reason being "Fear". Now look after four days it reached to 1751.73 today. This is the story of my life as a trader. Yes i have opened a demo account and it was at 3,000 dollars on 22nd April and now it is 4440. There is...
Mr. Pip cannot help you with those issues as they are personal problems.... Trading should not be your income stream at the moment, for now you should treat it like a hobby and get better at it. The "Fear" factor only happens when you have money problems and cannot afford to lose because other responsibilities rely on it. So either figure out your financial situation before you trade, or size down in micro lots and let the market prove to you how it works and how it WILL reach the target you have determined based on the strategy if its working for you.
  • #49,522
  • May 15, 2020 5:10pm May 15, 2020 5:10pm
Do you guys have a favorite currency pair you like to trade?
  • #49,523
  • May 16, 2020 10:25am May 16, 2020 10:25am
Guys,
I know that at some point Mr. Pip mentioned that he took some trading classes at the begining of his trading journey (the place he learned to read the charts, price action etc). I tried to find the name of the classes re reading the first 50 pages but didn't had enough luck. Can anyone help me with the post or the name of that class?

Cheers
  • #49,524
  • May 16, 2020 5:58pm May 16, 2020 5:58pm
Quoting AlinD
Guys, I know that at some point Mr. Pip mentioned that he took some trading classes at the begining of his trading journey (the place he learned to read the charts, price action etc). I tried to find the name of the classes re reading the first 50 pages but didn't had enough luck. Can anyone help me with the post or the name of that class? Cheers
YTC course Lance Begs great PA Course there are free YouTube resources so you don’t have to buy.
If you fail to plan, you plan to fail.
  • #49,525
  • May 16, 2020 6:01pm May 16, 2020 6:01pm
It is beyond annoying that I got moved the the commercial side without reason or at least a consult but it’s even more frustrating that I have reached out to admin and crickets. Would everyone please send them I polite what’s up this thread and we belong on the free side. Come on admin not cool!!!!
If you fail to plan, you plan to fail.
  • #49,526
  • May 17, 2020 12:03am May 17, 2020 12:03am
Quoting Mr. Pip
{quote} YTC course Lance Begs great PA Course there are free YouTube resources so you don’t have to buy.
Thank you Mr. Pip for your answer and for everithing you' ve done here.
  • #49,527
  • May 17, 2020 7:37am May 17, 2020 7:37am
Quoting Derp
{quote} Mr. Pip cannot help you with those issues as they are personal problems.... Trading should not be your income stream at the moment, for now you should treat it like a hobby and get better at it. The "Fear" factor only happens when you have money problems and cannot afford to lose because other responsibilities rely on it. So either figure out your financial situation before you trade, or size down in micro lots and let the market prove to you how it works and how it WILL reach the target you have determined based on the strategy if its working...

Thank you so much for your reply. Sometimes few motivating words play an important part in your life.
  • #49,528
  • May 17, 2020 9:35am May 17, 2020 9:35am
Quoting drikold
{quote} Dear Mr. Pip, I will try to keep this message short but still it will be lengthy. Please bear with me. I have invested money 8 times in trading and I have lost all my investments in the past 2.5 years due to lack of knowledge, entering into big quantity, not putting stop losses, greed and impatient behavior. I always make a plan to follow the rules but after three or four successful trades which i took as per the rules, i loose my temperament and i start to enter into big quantity with a expectation of huge profits because the following...
Try this.
https://www.youtube.com/watch?v=sg4YzRhILFE&t=183s
  • #49,529
  • May 17, 2020 9:11pm May 17, 2020 9:11pm
Quoting Matts Micro
I always seem to get a few good setups on Fridays... A bit rough around the edges but imo a worthy Gartlley. Maybe a bit too much momentum for the last 2x bear candles but waiting to see if bulls kick in. Will wait for close of candle. {image}
Had a good entry signal Friday on a tighter tf and decided to jump in. Doing ok atm.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 9.png Size: 53 KB
As the lights go by so too do the shadows move
  • #49,530
  • May 18, 2020 1:16am May 18, 2020 1:16am
Quoting Ebenol
{quote} Try this. https://www.youtube.com/watch?v=sg4YzRhILFE&t=183s

Dear Ebenol,

It is a long video. I will definitely watch it and let you know about my comments. Please do share what did you learn after watching this video? I expect a detailed reply.

Thanks.
  • #49,531
  • May 18, 2020 5:06am May 18, 2020 5:06am
Done

https://www.forexfactory.com/contact
  • #49,532
  • May 18, 2020 5:12am May 18, 2020 5:12am
Quoting drikold
{quote} Dear Ebenol, It is a long video. I will definitely watch it and let you know about my comments. Please do share what did you learn after watching this video? I expect a detailed reply. Thanks.
The first 54 minute of the video is the interview part, while the other 58 minute is question an answer,

Overall the video teaches that it either you follow the rules or you don't,
and you have to follow it consistently
but throughout the video it explained why and what mental state you
need to be in in other to follow the rules without concerning your self
with what happens on a trade by trade result,
the things you talk about are addressed in the interview part of the video and the question and answer part, that why i said you should try it.
  • #49,533
  • May 18, 2020 5:45am May 18, 2020 5:45am
Quoting Ebenol
{quote} The first 54 minute of the video is the interview part, while the other 58 minute is question an answer, Overall the video teaches that it either you follow the rules or you don't, and you have to follow it consistently but throughout the video it explained why and what mental state you need to be in in other to follow the rules without concerning your self with what happens on a trade by trade result, the things you talk about are addressed in the interview part of the video and the question and answer part, that why i said you should try...
If i can add something here, since we are talking about MD and youtube videos i would suggest this
https://www.youtube.com/watch?v=QgaTlTfQnZI&list=PL1LsmPNfdXRgeXjgoK8MmdGMfU-xnOh2Q&index=4&t=1s
first of 4 videos....incredible value in free format... really helped me out a lot
  • #49,534
  • May 18, 2020 6:27am May 18, 2020 6:27am
Quoting Matts Micro
{quote} Had a good entry signal Friday on a tighter tf and decided to jump in. Doing ok atm. {image}
Almost a full 2:1 trade. Was happy to take profit at this level with structure and resistance as I expect the sellers to come in. I will watch the more immediate OF to possibly re-enter.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 10.png Size: 94 KB
As the lights go by so too do the shadows move
  • #49,535
  • May 18, 2020 6:27am May 18, 2020 6:27am
Skating down the hill on USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD (233 Tick) 2020_05_18 (7_26_27 AM).png Size: 55 KB
  • #49,536
  • May 18, 2020 6:35am May 18, 2020 6:35am
Quoting amaltais
Skating down the hill on USDCAD {image}
I have been watching UC too but waiting for the correction. Currently looking for a C buy.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4.png Size: 79 KB
As the lights go by so too do the shadows move
  • #49,537
  • May 18, 2020 6:40am May 18, 2020 6:40am
Quoting Matts Micro
{quote} I have been watching UC too but waiting for the correction. Currently looking for a C buy. {image}
Cool, hadn't taken a look at the bigger picture, I'm trading short-term now betting on the price not breaking above the resistance at 1.4060
  • #49,538
  • May 18, 2020 8:49am May 18, 2020 8:49am
Quite strong momentum to the upside atm, will have to watch my stride if I enter.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 59.png Size: 80 KB
As the lights go by so too do the shadows move
  • #49,539
  • May 18, 2020 10:53am May 18, 2020 10:53am
Quoting Matts Micro
Quite strong momentum to the upside atm, will have to watch my stride if I enter. {image}
momentum shot through with no opportunity or thought of an entry.
As the lights go by so too do the shadows move
  • #49,540
  • May 18, 2020 11:23am May 18, 2020 11:23am
Hello Mr. Pip,

You say in one of your videos that an ideal average daily profit would be 20 points for futures; is there an equivalent of this in pips for Forex?

Thank you very much
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