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Ratios & Harmonics: a Different Way to Trade

  • #4,961
  • Oct 11, 2013 10:57am Oct 11, 2013 10:57am
Quoting TheScorpS
{quote} I don't know which one, I will search it up, I have the reference guide from Mr.PIP , thats all, thanks for your help
Hi TheScorps,

Is this file you're looking for ?

enjoy,
-smallcat
Attached File(s)
File Type: pdf DCASTFX Advance Pattern Reference Guide Revised.pdf   534 KB | 936 downloads
  • #4,962
  • Oct 11, 2013 1:23pm Oct 11, 2013 1:23pm
Has anyone else read "Trading in the Zone?" Its a great book about the mental framework (core beliefs based on an understanding of the required psychology) required to become a consistent trader and therefore avoid things like revenge trading, second guessing oneself, and getting frustrated. The goal is to get into a carefree positive state of mind where you can be objective about the market (consciously utilize all the knowledge you have learned about the market without subconsciously avoiding it because of 'need to be right', or 'fear', or whatever); in other words, "in the zone."

I think it will help me understand why in the past I have had traders paralysis. It is definitely the next thing that i need to become a trader.
  • #4,963
  • Oct 12, 2013 4:55am Oct 12, 2013 4:55am
Quoting smallcat
{quote} Hi TheScorps, Is this file you're looking for ? enjoy, -smallcat {image}
Yup smallcat this is the one, thanks a lot for your concern and help

Starry, I have this book and read that , the information in the book is very important in regard to the psychology in the market, I need to read the book one more time to reinforce my memory of the principles lies withing the pages , great book if utilized as the author preaches.
I Have Learned to Take Some Losses to Make Profits
  • #4,964
  • Oct 13, 2013 7:27pm Oct 13, 2013 7:27pm
Starry, You might want to make a daily log of your trading. It will reveal the mistakes that you make. First you must have a set of rules to follow for entries, stops and exits to judge how many mistakes your making. 95% of traders don't track their trading in this manner and 95% lose. It's kinda like going to confession, just with yourself, if your not honest with yourself your trading will show your dishonesty. Don't bother continuing trading if you will not keep a log, your wasting your time. I'm sure you can find a copy of a trade log somewhere on the web for free.

So, a trade plan, then tracking mistakes. You'll also find how many ticks you missed because of your mistakes, because your bad trade made you miss a good trade or you got out early. Not your setup because your chasing. The list of mistakes can go on endlessly, so you have to whittle them down to a small number or none on a good day.

In my mind I'm looking for my trade setups and that's it, the rest can happen without me. Not every move is tradable for me and not every move sets up as my trade but I only need a couple good ones a day. If you use an indicator or two or none, it doesn't matter. If you have researched your setup, then you know it's good. More winners than losers, bigger winners than losers. That's the ticket.
  • #4,965
  • Oct 14, 2013 8:14am Oct 14, 2013 8:14am
Gratley H4 eur/usd

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  • #4,966
  • Oct 14, 2013 8:34am Oct 14, 2013 8:34am
Butterfly M30...

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  • #4,967
  • Oct 14, 2013 12:21pm Oct 14, 2013 12:21pm
Butterfly won!
Yesterday great victory of the bat

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  • #4,968
  • Oct 14, 2013 6:17pm Oct 14, 2013 6:17pm
Quoting Sossos
Starry, You might want to make a daily log of your trading. It will reveal the mistakes that you make. First you must have a set of rules to follow for entries, stops and exits to judge how many mistakes your making. 95% of traders don't track their trading in this manner and 95% lose. It's kinda like going to confession, just with yourself, if your not honest with yourself your trading will show your dishonesty. Don't bother continuing trading if you will not keep a log, your wasting your time. I'm sure you can find a copy of a trade log somewhere...
Agreed, I just started today to try to keep a consistent journal, every time i trade. I think i will make it this time.

Thanks!
Starry
  • #4,969
  • Oct 14, 2013 6:23pm Oct 14, 2013 6:23pm
Quoting Mr. Pip
Hello Traders, I’m Mr. Pip; I am a fulltime trader and trade ratios and harmonics. I’m starting this thread with the purpose of providing some insight on the topic of ratios and harmonic trading. I understand this is an advance method of trading but let’s not let that affect our ability to learn from this style of trading. I will not be providing you with any resume as to how long I’ve been trading nor will I be answering questions about my results, how many pips I make per week and all the other questions that follow suit. Let’s understand that...
Thank you very much brother ..... i'm ready to learn it ....
Good friends are more valuable than gold ...
  • #4,970
  • Oct 14, 2013 6:25pm Oct 14, 2013 6:25pm
Quoting fiovit
Butterfly won! Yesterday great victory of the bat {image}
Great fiovit .... what is the difference between butterfly and crab ?
Good friends are more valuable than gold ...
  • #4,971
  • Oct 14, 2013 7:01pm Oct 14, 2013 7:01pm
Quoting Mr. Pip
We can now extend the Fibonacci retracement line from the high and low of the dominant swing. Every swing in the process has its own role in helping us further validate the pattern that is forming. This swing will also iron down our unknown X,A,B,C. To achieve this we use a conditional thought process our approach should always be an IF=Then process. Let me explain this a bit more. If this happens then I will do this.There is no guessing involved no subjectivity. If the high of the dominant swing is taken out by a break above close above then the...
In this particular situation, what are the rules if price closes between 78.6 and the high of the XA leg...I understand if it closes above the XA leg it becomes an ABCD.
Thanks for a response,
GB
  • #4,972
  • Oct 15, 2013 3:18am Oct 15, 2013 3:18am
Quoting pedma
{quote} Great fiovit .... what is the difference between butterfly and crab ?
see table

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  • #4,973
  • Oct 15, 2013 3:46am Oct 15, 2013 3:46am
Gartley NZD/USD H4

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  • #4,974
  • Oct 15, 2013 4:50am Oct 15, 2013 4:50am
Gartley Eur/Cad H4

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  • #4,975
  • Oct 15, 2013 6:04am Oct 15, 2013 6:04am
Quoting fiovit
Gartley Eur/Cad H4 {image}
you have found the entry point command, the next problem: when you enter the command and ends profits. analysis of price action is a long way. price is random , are not certain to follow the model, you must have methods.
Trading in the zone
  • #4,976
  • Oct 15, 2013 7:44am Oct 15, 2013 7:44am
Quoting hao
{quote} you have found the entry point command, the next problem: when you enter the command and ends profits. analysis of price action is a long way. price is random , are not certain to follow the model, you must have methods.
This is my style of trading, by aggressively, it is important to keep the budget balanced, if price action would be perfect would all be rich, the price does not move randomly ... imho.
  • #4,977
  • Oct 15, 2013 10:39am Oct 15, 2013 10:39am
Quoting fiovit
{quote} This is my style of trading, by aggressively, it is important to keep the budget balanced, if price action would be perfect would all be rich, the price does not move randomly ... imho.
I met a lot of cases where price reversal not have s / r, Fib or confluence. not related to the structure, there is nothing to stop the trend, but the price reversal. It is random. ABCD model can become XABCD model. models is motion, if you do not soon realize. price of close to PRZ. but does not go into the PRZ. Gratley model or BAT of poin D can is the C in a larger model ABCD or AB=CD.

There are many unexpected circumstances, this is part of the problem.
Trading in the zone
  • #4,978
  • Oct 15, 2013 2:18pm Oct 15, 2013 2:18pm
Quoting fiovit
Gartley Eur/Cad H4 {image}
Thanks a lot. Muy bueno
  • #4,979
  • Oct 15, 2013 8:25pm Oct 15, 2013 8:25pm
Quoting fiovit
{quote} see table {image}
Thank you very much Fiovit.
Good friends are more valuable than gold ...
  • #4,980
  • Oct 16, 2013 8:59am Oct 16, 2013 8:59am
We have another victory butterfly...

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