I wonder if there is technically a strategy that is more prone against manipulation. lets say many retail traders trade the same way, somehow, but there no way anyone could take advantage of those positions, even if they knew where they were..... probably not
Ratios & Harmonics: a Different Way to Trade
- #2,602
- Feb 4, 2013 5:40pm Feb 4, 2013 5:40pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
Sincen the euro is in a downtrend, i atleast have a 50% chance of being true, right 
not a really good swap line though, cause it just broke it.
not a really good swap line though, cause it just broke it. 
My friend, please, study and commit yourself!
Thanks Mr. pips and all of you, because only exchanging experiences we can improve!
Thanks Mr. pips and all of you, because only exchanging experiences we can improve!
Look at that equity curve. definitely getting better. now it just needs to go up! up up...
cant wait for my first 50 pip day, itll be great.
but first 20 pips is my goal....
Attachment
- #2,611
- Feb 5, 2013 10:26am Feb 5, 2013 10:26am
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
1 loss, 1 breakeven. . Im trying some new stuff now, some elliot with harmonics, so i expect my curve to go down..... itll be worth it though i think....
- #2,613
- Feb 5, 2013 1:45pm Feb 5, 2013 1:45pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
You are jack-rabbit my friend, bouncing from idea to idea, how can you know if stuff works if you only trade it for a day or a week. Just look how market conditions have changed over last few weeks, from horrible chop to major trends. You will only know if something works if you test and test and test, experience all market conditions, then and only then, make changes.
On the other hand, I admittedly test too much before going live. I too get bored and want to switch it up. This ABCD investigation is my first where I am going to see it through...
I want to know how structure can bias how i trade, because i still think choosing which leg is dominant vs main is rather subjective, so i hope to make this more objective with harmonic elliots counts! the irony. i console myself with the fact that its fun and i do keep a journal of all my thoughts (and thus mistakes and successes)So => Insteaad of dominant/main legs, i plan to use harmonic elliot structures. I know, i wouldnt know if it works if i only trade for a day, but thats ok as its interesting and i do plan to start constantly trading harmonic elliots, i still dont believe mr pip follows his rules exactly to the letter, i believe he also biases it with the 'most probable structure' based on current market movements, probably based on experience. I mean, one post he said he was only looking at these two swing, while i chose some others, how is that not subjective? I think subjective is good if its based on experience. Its like telling a robot 'hey we humans can see things [i.e. every human can see the same thing, its red you know', and ill give you a vision system, all you need to know is how to interpret everything based on the context (what humans do when they grow up and learn how to see properly as babies). Thats what i think mr pip has done, he has 'objective rules' (the vision system), and he interprets subjectively when to use them based on the context, except to him it appears objective because hes used to it, and probably because he uses the same 'subjectivity' each time (so its really objective to him).
- #2,614
- Feb 5, 2013 2:25pm Feb 5, 2013 2:25pm
Hi there Starry, hope you be doing fine.
What you call subjective in Mr. Pip's way of trading does have an objective name: confluence and order flow. We need to adapt our targets depending on the S/R levels, order flow, but those are also part of the patterns. I strongly advice everyone to go and trade the EURUSD M1/M5 chart on January 14 and compare results with Mr. Pips trading session video on that date.
I consider that we shouldn't be naming our swings differently. They are relevant to current price. I was one of those who were really confused about the swings ID, and Mr. Pip took the time to make a solid crystal clear video about that topic. In fact, every video and image of his provide a lot of valuable information.
There is no need to complicate the simple.
What you call subjective in Mr. Pip's way of trading does have an objective name: confluence and order flow. We need to adapt our targets depending on the S/R levels, order flow, but those are also part of the patterns. I strongly advice everyone to go and trade the EURUSD M1/M5 chart on January 14 and compare results with Mr. Pips trading session video on that date.
I consider that we shouldn't be naming our swings differently. They are relevant to current price. I was one of those who were really confused about the swings ID, and Mr. Pip took the time to make a solid crystal clear video about that topic. In fact, every video and image of his provide a lot of valuable information.
There is no need to complicate the simple.
haha it all has a structure
So => Insteaad of dominant/main legs, i plan to use harmonic elliot structures. I know, i wouldnt know if it works if i only trade for a day, but thats ok as its interesting and i do plan...
Best time to plant a tree was 20 years ago, second best is now
- #2,616
- Feb 5, 2013 3:19pm Feb 5, 2013 3:19pm
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Here is a look at the monthly Eur/Jpy chart for those looking for potential reversal zones on this beastly move up. Another look at the Big brother little brother patterns.
Have a fantastic month!!
Have a fantastic month!! 
Don't follow me! You can and most likely will LOSE all your money!!!!
