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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

  • #5,501
  • Dec 3, 2013 10:15am Dec 3, 2013 10:15am
Here is a new trade I just took let's see how this turns out.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (15 Min) 12_3_2013.jpg Size: 149 KB
If you fail to plan, you plan to fail.
  • #5,502
  • Dec 3, 2013 10:20am Dec 3, 2013 10:20am
An Update on the AUDJPY, the bears are fighting hard to get a close below the round number. They need to succeed if they plan to take price lower. Both sides show weakness let's see who want it more the bears are slightly stronger at the moment but this could very quickly change.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDJPY (60 Min) 12_3_2013 Update 3.jpg Size: 184 KB
If you fail to plan, you plan to fail.
  • #5,503
  • Dec 3, 2013 10:22am Dec 3, 2013 10:22am
Quoting Mr. Pip
Here is a new trade I just took let's see how this turns out. {image}
Wow i am happy that our this view was quite similar What confluence did you find ?
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-milkeyway
  • #5,504
  • Dec 3, 2013 10:29am Dec 3, 2013 10:29am
here is one more
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-milkeyway
  • #5,505
  • Dec 3, 2013 10:34am Dec 3, 2013 10:34am
AUDUSD on daily TF
USDCHF on 1hr TF
EURUSD on 15 min TF
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-milkeyway
  • #5,506
  • Dec 3, 2013 10:34am Dec 3, 2013 10:34am
Another quick update on AUDJPY we have reached the official breakeven point. Let's see if the bears can close strong here still a long way to go up 48 pips at the moment.

Those of you that are following this one that have not already done so roll your stops to BE +5.
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Click to Enlarge Name: $AUDJPY (60 Min) 12_3_2013 Update 4.jpg Size: 169 KB
If you fail to plan, you plan to fail.
  • #5,507
  • Dec 3, 2013 10:44am Dec 3, 2013 10:44am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB
-milkeyway
  • #5,508
  • Dec 3, 2013 12:05pm Dec 3, 2013 12:05pm
EURUSD trade got stopped out.
If you fail to plan, you plan to fail.
  • #5,509
  • Dec 3, 2013 12:11pm Dec 3, 2013 12:11pm
Update on AUDJPY looks like the bulls have accepted lower price movement as trading below the round number has held.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDJPY (60 Min) 12_3_2013 Update 5.jpg Size: 166 KB
If you fail to plan, you plan to fail.
  • #5,510
  • Dec 3, 2013 12:18pm Dec 3, 2013 12:18pm
Okay Traders I want to address range bound markets but will leave it up to you all to decide which chart to make the video on. Please present a chart of a range that you particularly find difficult to trade and I will make a video on it.
If you fail to plan, you plan to fail.
  • #5,511
  • Dec 3, 2013 12:26pm Dec 3, 2013 12:26pm
Okay Traders an update again on AUDJPY looks like price is having difficulty closing below the 38.2 level. I am taking an aggressive position management stand to protect some of the profit. I have trailed my stop to 50% between my entry and the 38.2 in case price finds support there. This still gives my trade some breathing room.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDJPY (60 Min) 12_3_2013 Update 6.jpg Size: 167 KB
If you fail to plan, you plan to fail.
  • #5,512
  • Dec 3, 2013 12:34pm Dec 3, 2013 12:34pm
I would like to see more participation here. More posts and questions. Things are drying up, take advantage of this time
If you fail to plan, you plan to fail.
  • #5,513
  • Dec 3, 2013 1:18pm Dec 3, 2013 1:18pm
The AUDJPY trade is progressing nicely with 60 pips of profit. Getting closer to profit target 2. I will adjust my profit target by 10 pips as the round number is above my target.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDJPY (60 Min) 12_3_2013 Update 7.jpg Size: 172 KB
If you fail to plan, you plan to fail.
  • #5,514
  • Dec 3, 2013 1:33pm Dec 3, 2013 1:33pm
I would ask for Dec 01 or November 21 as they were tricky for me. If others post a better example go with theirs but I would love to see how we handle slight overshoots or overshoots on good momentum in ranges as I sometimes get fooled at the boundaries.

I doubt this will happen as much after your previous two videos anymore but it may be instructive for others. Thanks so much. Cheers.

P.S. People please start posting. 23 viewing and no posts is disheartening as you're using the thread but not contributing. This is one of the reasons I've kept my charts to myself in the past. When a giant (Mr. Pip) is offering to lift you up please take advantage.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 21_11_2013.jpg Size: 83 KB
Click to Enlarge Name: $EURUSD (233 Tick) 01_12_2013.jpg Size: 96 KB
Finally out of the shadows.
  • #5,515
  • Dec 3, 2013 1:35pm Dec 3, 2013 1:35pm
Quoting Mr. Pip
The AUDJPY trade is progressing nicely with 60 pips of profit. Getting closer to profit target 2. I will adjust my profit target by 10 pips as the round number is above my target. {image}
Nice trade Mr.Pip , thanks for showing your trades and the reasoning behind them , best wishes
I Have Learned to Take Some Losses to Make Profits
  • #5,516
  • Dec 3, 2013 1:56pm Dec 3, 2013 1:56pm
Final update on AUDJPY protective trail taken out on an aggressive in in your face candle. Still walked way with about 24 pips of profit. Tomorrow I will trade my usual 233 T and post the trades if timing permits.

Will hang around to answer questions and to see if anyone posts a trade or something.
If you fail to plan, you plan to fail.
  • #5,517
  • Dec 3, 2013 2:03pm Dec 3, 2013 2:03pm
Quoting Mr. Pip
EURUSD trade got stopped out.
closed @ -6 pips eurusd and usdchf
-milkeyway
  • #5,518
  • Dec 3, 2013 3:47pm Dec 3, 2013 3:47pm
Quoting Mr. Pip
{quote} I think it might be better to do it on live trades. Like the one currently posted. This way you can see how it is done in real time and without the benefit of hindsight. This also allows you to see how the trade is managed as well. I don't want to be like the others that post thing with the benefit of hindsight sure it's an effective to as an example but the meat and potatoes happen in real time. It shows you that this is for real and no cherry picking is going on.
Always appreciate and respect your posts and responses...I certainly concur.

Thanks,
Gary
  • #5,519
  • Dec 3, 2013 3:59pm Dec 3, 2013 3:59pm
Quoting gaf
{quote} Hey Gary, Here are the most obvious ones you could have acted on. I think I got the second one but canned it after 10 pips. I sat on my hands the rest of the day which was extremely frustrating as my hesitation killed me. To see 50 pips slip away so quickly is like losing 50 pips. It totally deflates me especially when I should be up on these trades. Very damaging to your psyche. I am pretty certain these are the ones Mr. Pip would take. There are a few riskier ones but these are the low hanging fruit. The last run would have been tricky...
Gaf,
Thank you for your personal time to respond. Your explanations were quite clear...I printed your chart to take with me and will study during break time at work. It's people like you, Mr. Pip, and numerous others on this thread that are so unselfish in sharing their time and trading knowledge. I feel extremely fortunate to be a member of this team.
Thanks,
Gary
  • #5,520
  • Dec 3, 2013 4:16pm Dec 3, 2013 4:16pm
Quoting gbmcgee
{quote} Gaf, Thank you for your personal time to respond. Your explanations were quite clear...I printed your chart to take with me and will study during break time at work. It's people like you, Mr. Pip, and numerous others on this thread that are so unselfish in sharing their time and trading knowledge. I feel extremely fortunate to be a member of this team. Thanks, Gary
Not at all. Each time I have to spend time looking at a chart explaining what I see, I'm forced to question everything I quote or put on my chart to make sure it is correct and consistent. This makes me a better trader and I want to give back as Mr. Pip has given to us where I can. Glad I could help. Cheers.
Finally out of the shadows.
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