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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

  • #5,601
  • Dec 5, 2013 8:17am Dec 5, 2013 8:17am
my short was on point, my longs were good entry but I managed em like a total idiot.
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  • #5,602
  • Dec 5, 2013 8:21am Dec 5, 2013 8:21am
Roll over damn it
Finally out of the shadows.
  • #5,603
  • Dec 5, 2013 8:25am Dec 5, 2013 8:25am
Guess it doesn't matter as apparently my trade bounced due to my stops being too close to price my fault for not making sure. Heat of the moment so pseudo trade.
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Finally out of the shadows.
  • #5,604
  • Dec 5, 2013 8:28am Dec 5, 2013 8:28am
I've now missed 2 due to distraction so I'll have to observe until my kid hypes down. She's very excited about the Barbies today . Keep at it guys. Today's really moving.
Finally out of the shadows.
  • #5,605
  • Dec 5, 2013 8:31am Dec 5, 2013 8:31am
short euro due do NSL and Lower Higher with overall trend showing weakness. will hold this badboy
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  • #5,606
  • Dec 5, 2013 8:44am Dec 5, 2013 8:44am
Quoting FineForex
short euro due do NSL and Lower Higher with overall trend showing weakness. will hold this badboy {image}

Very good discipline Fine! I need to work on this. I would want to bug out after the recent smaller term nsh as the overall trend hasn't changed yet. I have trouble being objective during the change of hands.
Finally out of the shadows.
  • #5,607
  • Dec 5, 2013 9:07am Dec 5, 2013 9:07am
Projection has saved me twice today! But I seem to be captain hindsite on my trades now.
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Finally out of the shadows.
  • #5,608
  • Dec 5, 2013 9:09am Dec 5, 2013 9:09am
Entered and chickened out for 2. Just saw it and then took it after posting. Poor discipline.
Finally out of the shadows.
  • #5,609
  • Dec 5, 2013 9:18am Dec 5, 2013 9:18am
Quoting gaf
Entered and chickened out for 2. Just saw it and then took it after posting. Poor discipline.
Here's what I saw to keep my accountable. Missed 20 so done for the day. Have a great day all!
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Finally out of the shadows.
  • #5,610
  • Dec 5, 2013 9:22am Dec 5, 2013 9:22am
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-milkeyway
  • #5,611
  • Dec 5, 2013 9:44am Dec 5, 2013 9:44am
This is the way I see that.

Surely an area to look well at.

Could the horse wildly run downhill by the NFP tomorrow ?
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  • #5,612
  • Dec 5, 2013 10:33am Dec 5, 2013 10:33am
Quoting 76bronco
I fully understand the emotional side. I thought I learned a lot about myself(emotions) when I got married, not even close to trading. As a spouse we try to control our emotions. As a trader we have to face our EMOTIONS straight on and CORRECT them !!!!
Hey Bronco, Missed this post. This is so true. Glad to hear others have struggled with this. Cheers.
Finally out of the shadows.
  • #5,613
  • Dec 5, 2013 11:03am Dec 5, 2013 11:03am
Hi mister pip , you have two channels , right?
http://www.youtube.com/channel/UCw8CjBPrQlRH7jbiRbQcc1w/videos
http://www.youtube.com/user/DCASTFX/videos
is there any more?
  • #5,614
  • Dec 5, 2013 12:36pm Dec 5, 2013 12:36pm
reason I ditched this set up earlier is because it crossed the 78.6 Fib

Mr. Pip any light you can shed on how to go about managing this?
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  • #5,615
  • Dec 5, 2013 2:00pm Dec 5, 2013 2:00pm
Hi everyone , I opened a new thread , my own trading journal as i'm going to go live in monday.
http://www.forexfactory.com/showthread.php?t=461070
I would realy appraciate if you check it , share you thought about my trading setups
my setup:
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based on the AB=CD patter with divergence and Demand aread , i wrote everything in my thread.
what do you think?
  • #5,616
  • Dec 5, 2013 3:01pm Dec 5, 2013 3:01pm
Quoting interputure
Hi everyone , I opened a new thread , my own trading journal as i'm going to go live in monday. http://www.forexfactory.com/showthread.php?t=461070 I would realy appraciate if you check it , share you thought about my trading setups my setup: {image} based on the AB=CD patter with divergence and Demand aread , i wrote everything in my thread. what do you think?
Hi there. Does it mean you will not share here any more? Or you have to double your efforts by first filling in your journal, then come here to post the same?
Questions:
- is it possible to automatically post a copy of new idea here so more people could see without doubling your effort?
- your journal is like keeping track of your trade ideas, which is great.... but, would there be any options to collect and synthesize ideas from others?
I do understand anybody could comment...but something more revolutionary than that?
Good luck, and congratulations to your journal. That is one of the best ways I can think of staying organized as well!
  • #5,617
  • Dec 5, 2013 3:12pm Dec 5, 2013 3:12pm
Quoting lobogabor
{quote} Hi there. Does it mean you will not share here any more? Or you have to double your efforts by first filling in your journal, then come here to post the same? Questions: - is it possible to automatically post a copy of new idea here so more people could see without doubling your effort? - your journal is like keeping track of your trade ideas, which is great.... but, would there be any options to collect and synthesize ideas from others? I do understand anybody could comment...but something more revolutionary than that? Good luck, and congratulations...
I will share here trades that contain harmonics ( most of them as i combine it into my trading ), but this trade is huge chaos , a lot of people and a lot of posts , my post disappears here wthing half an hour .. i havn't time read the thread yesterday and there's already 5 more pages.
The journal is for me and for you, people who want to learn and help , i will share my trading setups , when enter and why , for people who new here who want to get into the business ,and for the "Pros" who want to help me , in my thread , to improve my skills by giving feedbacks to my setups that i post.
i have to double my effort unfortunately.
i don't understand your second question.
the journal is for you and for me , win win situation
  • #5,618
  • Dec 5, 2013 3:31pm Dec 5, 2013 3:31pm
Quoting PipTrendz
Hey Mr. Pip, great to see you back on this thread!! Got to say this is a thread that got my interest back in trading, it has been a long time coming!! I first saw this thread back at the end of July in my first post here. (http://www.forexfactory.com/showthread.php?p=6849740#post6849740) So I have a lot of catching up to do to get back on this. I started to go through Harmonic Trading, skimming it as a reminder and I have just loaded NinjaTrader as it looks like a good platform to help me draw out some of these patterns as MT4 will not...
1. How many trades do you make a day/week?

Try not to look at trading from this perspective. Approach it from a particular setup that is high probability that you are comfortable with. Then pick a time frame that you are comfortable with and see how often and on what pairs it occurs most on. That will tell you frequency of trade setup. Then study how many are profitable vs not, this will give you expectancy. And lastly study the ones that failed and see in the order flow if there was a way to filter that out by implementing a rule. This will increase expectancy.

2. What is your strike rate of losers/BE/winners?

You should never be concerned with any other trader's particular performance. Traders believe this is important but it is not. I can give two traders The same rules to trade by and the outcome will be different. Trading has a very strong psychological component that will affect performance from trader to trader.

3. How many currency pairs do you manage to trade?

One EURUSD

4. Do you double check the news to stay away from big announcements?

I could care less. A news event is a period of volatility and nothing else. Be aware of it only to lock in profit encase things turn against you. I don't even do that. I really do not care.
If you fail to plan, you plan to fail.
  • #5,619
  • Dec 5, 2013 3:43pm Dec 5, 2013 3:43pm
Quoting Mr. Pip
{quote} 1. How many trades do you make a day/week? Try not to look at trading from this perspective. Approach it from a particular setup that is high probability that you are comfortable with. Then pick a time frame that you are comfortable with and see how often and on what pairs it occurs most on. That will tell you frequency of trade setup. Then study how many are profitable vs not, this will give you expectancy. And lastly study the ones that failed and see in the order flow if there was a way to filter that out by implementing a rule. This...
So you trade only EUR/USD?
Why this particular currency and why ony one?
i say in your videos that you trade different currencies.
to you recommend to stick only with one?
  • #5,620
  • Dec 5, 2013 5:32pm Dec 5, 2013 5:32pm
Quoting interputure
Hi mister pip , you have two channels , right? http://www.youtube.com/channel/UCw8CjBPrQlRH7jbiRbQcc1w/videos http://www.youtube.com/user/DCASTFX/videos is there any more?
No, I had to make a new one could not remember the password for the account and The reset function would not work.
If you fail to plan, you plan to fail.
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