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Ratios & Harmonics: a Different Way to Trade

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  • Post #50,561
  • Quote
  • Aug 7, 2022 12:11am Aug 7, 2022 12:11am
  •  Pair-me-up
  • Joined Nov 2009 | Status: Member | 2,229 Posts
Quoting RajD
Disliked
Hey man, Sorry if some of you got scammed, but Mr. Pip taught me how to trade man. How to see price action and how to predict where the market is moving. So he's kinda like my hero. Mad respect for him to teach me this skill for free. And allowing me to see how many moves by the big players in the market. Everyone has something unique in trading. Some people customize their rules but yea. It took me long time to get it but yea you get it at some point when you really sit with a chart and see how the market moves everyday for atleast 4 hours Anyways...
Ignored

I am sorry that Mr. Pip taught you how to trade. If you read through the posted court documents, etc. You can see that he wasn't a good trader at all. Before he started a 5k challenge. He most likely blew that account from the comments he made about it. So, if you trade like him, are you gonna start your own ponzi scheme like him too? Why why would he be a hero to you, after scammed some people of their life savings? I do agree that you would be mad to respect him. I think many traders also feel this mad <--to be so angry that it makes a person become insane..respect.

Mr. Pip often says that he learned from Scott Carney and Lance Beggs. Shouldn't you have respect for Scott Carney and Lance Beggs and just know Mr.Pip was not a very good student of their work?

You say you got it. That is super awesome to hear. So, since you got it, does that mean the only notes to be shared are your note?

By the way.. I have no sympathy for scam artist. Some of them are clever and place plants in threads and chat rooms to give praise to them, so that others think the con artist is the real thing. It is part of the scam.

As a fellow trader I do hope you are trading with consistency, but because you studied hard to get where you are. Give yourself some credit.

Most of the traders here are on Discord. Also, you haven't posted chart in years. Good luck.
Luck has no place in trading. Leave that for the poker table.
 
 
  • Post #50,562
  • Quote
  • Aug 10, 2022 12:04pm Aug 10, 2022 12:04pm
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Bro,

I'm not hear to fight. Just gave my opinion. Just want to tell you something..stick to the plan, follow the market everyday. Try to upgrade the rules to what suits you. then whatever happens, stick to your plan

I'll give you something to work with. You will not get a trade EVERYDAY!

So it's gonna be boring, but i promise you..just be consistent and stick to your terade. don't doubt yourself and keep your stop losses upto 10 points. and once you get your 1:1, use the decision candle as your piece moving forward. If you want, once the market touches tip to the previous NSL/NSH, then you can sometimes get aggressive because the 1:1 is not always a sure thing

Btw, I'm down 15,000 dollars..but it takes money to really dive deep into trading

But don't stop

PS: Is anyone trading YM? let me know..we can trade together on chat
1
 
  • Post #50,563
  • Quote
  • Aug 11, 2022 5:55am Aug 11, 2022 5:55am
  •  Pair-me-up
  • Joined Nov 2009 | Status: Member | 2,229 Posts
Quoting RajD
Disliked
Bro, I'm not hear to fight. Just gave my opinion. Just want to tell you something..stick to the plan, follow the market everyday. Try to upgrade the rules to what suits you. then whatever happens, stick to your plan I'll give you something to work with. You will not get a trade EVERYDAY! So it's gonna be boring, but i promise you..just be consistent and stick to your terade. don't doubt yourself and keep your stop losses upto 10 points. and once you get your 1:1, use the decision candle as your piece moving forward. If you want, once the market...
Ignored


I am here to just give my opinion as well. I agree with sticking to the plan. I get a nice trade nearly daily. But I am no longer trading the YM. I am now trading the Nasdaq. Them moves are more consistent and there are a lot more setups that show up nearly 24 hours per day. I don't use decision candles to enter, but understanding candles are important. Also, as far as money...no skills = no money. My current account is quite large and I started it from $350 USD at the end of last year. Once I stopped trading the YM, it has grown quite well.

Sure we can all chart about trading no matter what is being traded. You can do it RajD.

Most of the people that were on this thread are no on discord. If you go to my profile you will know what I am talking about. Sorry about your 15000 lose. That is a lot of money for a lot of us. But one day that will be pocket change for you.
Luck has no place in trading. Leave that for the poker table.
 
1
  • Post #50,564
  • Quote
  • Aug 11, 2022 10:26am Aug 11, 2022 10:26am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Great. Look man this thread was made to teach people how to trade. It would be awesome to share that knowledge further.

Since you trading Nasdaq, I'm sure there might be some traders who might be clueless in th same chart. Put up your chart so that people can see what you see. I'm gonna do the same and hopefully there will be others.
 
 
  • Post #50,565
  • Quote
  • Aug 11, 2022 10:33am Aug 11, 2022 10:33am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Is anyone trading YM? Here is what I see. The market is bullish in the long term and short term. Waiting for the price to reach my zone at a decent pace and hopefully will take a trade.
Attached Image (click to enlarge)
Click to Enlarge

Name: screenshot.png
Size: 39 KB
 
 
  • Post #50,566
  • Quote
  • Aug 11, 2022 10:45am Aug 11, 2022 10:45am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
long in 33539. This could be a failure but the trade checked all my boxes. So mechanical now
 
 
  • Post #50,567
  • Quote
  • Aug 11, 2022 11:08am Aug 11, 2022 11:08am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
got a small loss of 35 points but still too early so hopefully we can get another trade.
 
 
  • Post #50,568
  • Quote
  • Aug 12, 2022 12:11pm Aug 12, 2022 12:11pm
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Hello YM Traders,

So giving you an overview of what happened this week. There were no trades this week lol. market was super slow for the first 3 days and then yesterday, i took a long position but price failed and made an intraday NSL and i lost 35 points. So what do we do...Nothing...losses happen...NEXT!

For today, price in the long term is NSH and touched 32.0 and in the intraday made an expectation failure NSH

What i plan to do? Trade the intraday obviously! Wait to see if price decides to make a NSH in the intraday, so then I would be confident to take the next trade. Let's hope all this happens within the allotted time.

Happy trading y'all
Attached File(s)
File Type: pptx YM screenshots.pptx   158 KB | 13 downloads
 
 
  • Post #50,569
  • Quote
  • Aug 16, 2022 3:56am Aug 16, 2022 3:56am
  •  PeterT
  • | Joined Nov 2016 | Status: Member | 1,121 Posts
Quoting RajD
Disliked
... Anyways man...i see some of you guys still here. PeterT hope you doing ok So since he taught some us to trade. How about we just call the trade we take and share notes like a real thread if you guys want peace
Ignored
Hello RajD nice to see you're still alive and trading
At the moment I am not trading but I am trying to free up time to start backtesting some ideas.

I see you're trying to light up the thread again but honestly, it can never be the same again, knowing what happened.
Still, it is here for others to learn from it

Take care man
 
1
  • Post #50,570
  • Quote
  • Aug 18, 2022 9:48pm Aug 18, 2022 9:48pm
  •  Pair-me-up
  • Joined Nov 2009 | Status: Member | 2,229 Posts
Quoting RajD
Disliked
Great. Look man this thread was made to teach people how to trade. It would be awesome to share that knowledge further. Since you trading Nasdaq, I'm sure there might be some traders who might be clueless in th same chart. Put up your chart so that people can see what you see. I'm gonna do the same and hopefully there will be others.
Ignored
I do put up my charts quite often. But on my discord channel that I created at the request of other traders that want to study price action. Again.. if you go to my profile you will know how to stop by and say hello.

As far as the Nasdaq, etc. It really doesn't matter what is being traded. What matters is good money management and chart reading skills. These are my stats for just this week, but we still have one day left, so who knows if I can keep it. August has been tough for me. I don't think I am good trader, but I am always trying to take note of price action that may go unnoticed by some traders that use lagging indicators.
Attached Image (click to enlarge)
Click to Enlarge

Name: screenshot.png
Size: 37 KB
Luck has no place in trading. Leave that for the poker table.
 
 
  • Post #50,571
  • Quote
  • Aug 19, 2022 10:41am Aug 19, 2022 10:41am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
damn you're really good...and thank you for teaching other traders.

I'm honestly nothing close to you

I had invested $5000 dollars last year and i brought it down to $416. now i'm trading only $1 per trade using MYM. But i believe i can make the money so going to grow it from here. Took me a very long time to really understand the market, so now im just taking it one day at a time until i'm 100% consistent.

Btw, July and August are actually the worst months to trade since all the rich people are on vacation and there's less movement of money. I think it's going to start getting volatile September onwards so in the same boat as you. trying to be patient to not take any trade coz im bored.

Anyways, happy trading and have a good weekend
 
 
  • Post #50,572
  • Quote
  • Aug 19, 2022 10:45am Aug 19, 2022 10:45am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Quoting PeterT
Disliked
{quote} Hello RajD nice to see you're still alive and trading At the moment I am not trading but I am trying to free up time to start backtesting some ideas. I see you're trying to light up the thread again but honestly, it can never be the same again, knowing what happened. Still, it is here for others to learn from it Take care man
Ignored
Bro can't unlearn what Mr. Pip showed us. It's like a portal into a new dimension

Hope you're doing ok? What market you trading nowadays? If you're learning YM, share your charts..we can trade together!

Markets have been super slow. i haven't traded in the past 2 weeks so it's going to be a slow one, hopefully till end of the month.
 
 
  • Post #50,573
  • Quote
  • Aug 25, 2022 6:09am Aug 25, 2022 6:09am
  •  PeterT
  • | Joined Nov 2016 | Status: Member | 1,121 Posts
Quoting RajD
Disliked
{quote} Bro can't unlearn what Mr. Pip showed us. It's like a portal into a new dimension Hope you're doing ok? What market you trading nowadays? If you're learning YM, share your charts..we can trade together! Markets have been super slow. i haven't traded in the past 2 weeks so it's going to be a slow one, hopefully till end of the month.
Ignored
I am not actively trading at the moment.
I too have lost a good amount of money the last few years and I am not allowing myself to trade until I have a solid plan that is profitable.
 
 
  • Post #50,574
  • Quote
  • Last Post: Aug 29, 2022 11:41am Aug 29, 2022 11:41am
  •  RajD
  • | Joined May 2017 | Status: Member | 616 Posts
Quoting PeterT
Disliked
{quote} I am not actively trading at the moment. I too have lost a good amount of money the last few years and I am not allowing myself to trade until I have a solid plan that is profitable.
Ignored
Well i hope you trading a demo account then. problem with demo account is, there is no real emotion in trading.

What you could do is trade the MYM but look at the YM chart to know when to enter and exit your trades. I'm trading in the most cheapest way possible. I don't even lease the platform. I'm using their DOM trader to buy/sell and I close trades manually, whether its a stop loss or trailing profits.

You can trade as low was 0.50 cents a point. That's what I'm doing now. And as you start getting consistent, you increase your size. And hopefully at some point you can go back to $5 a point. But don't stop trading bro. I know what you're going through. went through myself and quit a number of times. But the game is not to quit.

Yes, you need a plan but you have to stop following Mr. Pips trade plan like a bible. I've made a number of changes in my plan but my foundation is still what Mr. Pip's taught us. Unfortunately since July 4th, i haven't taken a decent trade. But now, all the billionaires are gonna be back and there should be from crazy movements during market hours.

If you want to discuss on your plan, we could check it out together. Peace
 
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