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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

  • #11,541
  • Jan 6, 2015 8:26am Jan 6, 2015 8:26am
Quoting Mr. Pip
Update on trade bulls are carrying price and up 4 pips {image}
Too bad. Doesn't look like the bulls or bears have any conviction at the moment.
  • #11,542
  • Jan 6, 2015 8:27am Jan 6, 2015 8:27am
In RM, bearish candlestick pattern in retracement zone of 61% 1H.
Greetings + 15pips.
Attached Image(s) (click to enlarge)
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  • #11,543
  • Jan 6, 2015 8:32am Jan 6, 2015 8:32am
Update on second trade. bulls are still weak but trying to carry price.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Update 1.jpg Size: 100 KB
If you fail to plan, you plan to fail.
  • #11,544
  • Jan 6, 2015 8:34am Jan 6, 2015 8:34am
Quoting Mr. Pip
Another counter order flow trade on a completion of a 1:1 but this is also struggling the bulls appear to be very weak. {image}
Not sure I understand this trade Damian?

As you state it is against order flow but looking at the chart on the 1:1 the second leg has greater momentum and forming NSLs. Personally I would be expecting a 50% correction and then a move down again and looking for entry at or around the 50% correction.

Then again, you actually make money trading and I don't

I am about to download Ninja Trader and start my trading tomorrow
  • #11,545
  • Jan 6, 2015 8:36am Jan 6, 2015 8:36am
There is too much weakness so I am removing almost all my risk stop moved to -1 up 5 at the moment
If you fail to plan, you plan to fail.
  • #11,546
  • Jan 6, 2015 8:37am Jan 6, 2015 8:37am
Quoting PipTrendz
{quote} Not sure I understand this trade Damian? As you state it is against order flow but looking at the chart on the 1:1 the second leg has greater momentum and forming NSLs. Personally I would be expecting a 50% correction and then a move down again and looking for entry at or around the 50% correction. Then again, you actually make money trading and I don't I am about to download Ninja Trader and start my trading tomorrow
Seems like Mr. Pip has a bullish bias today! Which, isn't entirely unreasonable given the fact that the bears can't seem to do anything to push price lower (i.e. minimal projection).
  • #11,547
  • Jan 6, 2015 8:39am Jan 6, 2015 8:39am
Bad deal fighting to stay alive
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Update 2.jpg Size: 95 KB
If you fail to plan, you plan to fail.
  • #11,548
  • Jan 6, 2015 8:41am Jan 6, 2015 8:41am
Quoting jpnavigate
{quote} Seems like Mr. Pip has a bullish bias today! Which, isn't entirely unreasonable given the fact that the bears can't seem to do anything to push price lower (i.e. minimal projection).
It was like like yesterday but managed to make some money today is a different story out -1 down 13 for the day.
If you fail to plan, you plan to fail.
  • #11,549
  • Jan 6, 2015 8:47am Jan 6, 2015 8:47am
On the sidelines for now.
If you fail to plan, you plan to fail.
  • #11,550
  • Jan 6, 2015 9:06am Jan 6, 2015 9:06am
Didn't have time to post this one but took another long before news and it the news carried. I new the bulls were there somewhere took 20 up 7 for the day so far. Can you see the importance of trading with a favorable R/R
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 trade 3.jpg Size: 98 KB
If you fail to plan, you plan to fail.
  • #11,551
  • Jan 6, 2015 9:07am Jan 6, 2015 9:07am
Quoting Mr. Pip
On the sidelines for now.
nzdusd maybe?
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follow the flow
  • #11,552
  • Jan 6, 2015 9:10am Jan 6, 2015 9:10am
is this a valid 5-0 in gbpaud?
Attached Image (click to enlarge)
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follow the flow
  • #11,553
  • Jan 6, 2015 9:24am Jan 6, 2015 9:24am
Quoting Atihun
is this a valid 5-0 in gbpaud? {image}
I wouldn't know.
If you fail to plan, you plan to fail.
  • #11,554
  • Jan 6, 2015 9:33am Jan 6, 2015 9:33am
Deeper correction then I wanted to see but long expectation is at least a retest of the highs lets see if the bulls can keep it going?
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 4.jpg Size: 107 KB
If you fail to plan, you plan to fail.
  • #11,555
  • Jan 6, 2015 9:36am Jan 6, 2015 9:36am
Quoting Mr. Pip
{quote} I wouldn't know.
A spiked above 0 but close was lower. 50 area looks good without pattern anyway. lets see pa when we reach it.
same happened in nzdcad h4 already played out.

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follow the flow
  • #11,556
  • Jan 6, 2015 9:37am Jan 6, 2015 9:37am
Quoting Mr. Pip
Deeper correction then I wanted to see but long expectation is at least a retest of the highs lets see if the bulls can keep it going? {image}
Nice one! The bulls finally showed up.
  • #11,557
  • Jan 6, 2015 9:46am Jan 6, 2015 9:46am
Price has taken a turn against me, if my analysis is correct price should find support in the box stop is just below that.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 4 update.jpg Size: 111 KB
If you fail to plan, you plan to fail.
  • #11,558
  • Jan 6, 2015 9:53am Jan 6, 2015 9:53am
Quoting Mr. Pip
Didn't have time to post this one but took another long before news and it the news carried. I new the bulls were there somewhere took 20 up 7 for the day so far. Can you see the importance of trading with a favorable R/R {image}
Hi Mr. Pip,

Took same trade, this is why, entered 5 min, tp as counter
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #11,559
  • Jan 6, 2015 9:59am Jan 6, 2015 9:59am
Well guys another loss down 3 for the day. Looks like today will be a losing day. I really struggled today but only took a 3 pip hit.

Those were my trades and how I managed them. I will put out a video of some live trades soon and I hope that day will be better. At least you all got to see how struggling and losing 75% of your trades the damage was minimal only 3 pips as proper trade management save the day.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 trade 4 update final.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #11,560
  • Jan 6, 2015 10:03am Jan 6, 2015 10:03am
Quoting Mr. Pip
{quote} I wouldn't know.
I understand you are no longer a slave to the patterns, but do you incorporate reciprocal ab = cd? Or not a consideration?
The world you desire can be won. It exists.. it is real.. it is possible..
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