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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

  • #11,561
  • Jan 6, 2015 8:06am Jan 6, 2015 8:06am
Quoting Mr. Scott
{quote} I understand you are no longer a slave to the patterns, but do you incorporate reciprocal ab = cd? Or not a consideration?
not sure i understand the question?
If you fail to plan, you plan to fail.
  • #11,562
  • Jan 6, 2015 8:11am Jan 6, 2015 8:11am
last trade of the day for me long lets see what happens. Again the bulls are wearing skirts today.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 trade 5.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,563
  • Jan 6, 2015 8:11am Jan 6, 2015 8:11am
Quoting Mr. Pip
{quote} not sure i understand the question?
No problem, thank you for the response. Do not want to get off topic but I will include a picture to clarify.

http://pseharmonics.files.wordpress....rocal-abcd.jpg
The world you desire can be won. It exists.. it is real.. it is possible..
  • #11,564
  • Jan 6, 2015 8:14am Jan 6, 2015 8:14am
Quoting Mr. Scott
{quote} No problem, thank you for the response. Do not want to get off topic but I will include a picture to clarify. {image}
No I do not. Never looked at them.
If you fail to plan, you plan to fail.
  • #11,565
  • Jan 6, 2015 8:23am Jan 6, 2015 8:23am
Another bag of bricks expectation failures all over the place today this one is just too weak. If the bulls don't take hold soon this will be another loss. Well every day can't be warm apple pie but at least you got to see Mr. Pip get his but kicked today LOL.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 5 Update 1.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,566
  • Jan 6, 2015 8:33am Jan 6, 2015 8:33am
Bulls have shown some interest I would like to see a close above the line. But too much weakness removed some risk to -5
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 5 Update 2.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,567
  • Jan 6, 2015 8:40am Jan 6, 2015 8:40am
Quoting Mr. Pip
Bulls have shown some interest I would like to see a close above the line. But too much weakness removed some risk to -5 {image}
The bulls have appeared, but the structure stopped them like a brick wall.
  • #11,568
  • Jan 6, 2015 8:40am Jan 6, 2015 8:40am
That's is some real intent and weakness at the same time have adjusted the stop to +2
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 5 Update 3.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,569
  • Jan 6, 2015 8:42am Jan 6, 2015 8:42am
Risk free so doesn't matter what happens now!
If you fail to plan, you plan to fail.
  • #11,570
  • Jan 6, 2015 8:55am Jan 6, 2015 8:55am
Quoting Cmelak
I took the liberty to do short resume of my meeting with Mr. Pip. Thank you for taking an opportunity to meet with you {image} {image} {image}
Thank you very much for your review. I found this information very useful. I also like how you laid out your charts. Awesome work.

I havent had much time to post any trades or reviews of trades. I'm hoping to get some time later in the week.

Again, thanks Cmelak. Keep up the good work.
  • #11,571
  • Jan 6, 2015 8:55am Jan 6, 2015 8:55am
I took profit and at +13 so made 10 pips today. Hard day at the office well I closed my trade due to structure and how price reacted to it a few bars back. I did not like that at all! Here is my day.

Today was difficult for me as we are in a consolidating market but through blood sweat and perseverance we came out on top. Sometime the fight is easy sometimes its not but as long as we fight a good fight the outcome should be favorable or at the least not too bad. I hope my trades helped you all and I must say that posting them live is tough and distracting so. I will just make that video soon which will be much more informative.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Trade 5 Final.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #11,572
  • Edited 9:15am Jan 6, 2015 9:04am | Edited 9:15am
Quoting Mr. Pip
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. {image}
Even tho, you were down for the day... so far. I envy your conviction and trade management. I really like how you manage the trade so your pain.... well, isn't very painful
  • #11,573
  • Jan 6, 2015 9:11am Jan 6, 2015 9:11am
Quoting Mack2013
{quote} Even tho, it was you were down for the day... so far. I envy your conviction and trade management. I really like how you manage the trade so your pain.... well, isn't very painful
Rules my friend that is what keeps the pain from hurting. It's what keeps the emotions out of the equation.
If you fail to plan, you plan to fail.
  • #11,574
  • Jan 6, 2015 9:27am Jan 6, 2015 9:27am
Quoting Mr. Pip
{quote} Rules my friend that is what keeps the pain from hurting. It's what keeps the emotions out of the equation.

Still a very valuable lesson, in trade management. Thanks again.

Aj1
  • #11,575
  • Jan 6, 2015 9:31am Jan 6, 2015 9:31am
So does anyone have anything to discuss or would like to put out for discussion?

Seems like only a few are putting trades or talking about trades. Today you saw every trade I took I did not sugar coat anything. I was against order flow by choice as I saw breakdown early into my session. I also caught the transition and from that all of my trades were with the newly established short term order flow. Long Term order flow is range bound with what is now a weak bullish bias as price has made a higher low but is failing at the moment to show strength to make a NSH
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015.jpg Size: 107 KB
If you fail to plan, you plan to fail.
  • #11,576
  • Jan 6, 2015 9:32am Jan 6, 2015 9:32am
Todays practise trade and mr pips training comes into play.
After a weak NSH i was expecting a real deep pullback but price gave a NSL, there was then a pullback with a lot of price rejection, so entered short with a 2:1 R/R after the spread.
My expectation was for a 1:1 completion at structure (grey zone)


Now, as usual price went almost straight against me, normally i would have panicked and got out for a small loss, however, after watching the training video i thought what has actually changed. nothing. my expectation was still for price to go lower. This happened a second time but still didn't shake me out of the trade. Then price rolled over almost all the way to my (overly ambitious) TP.
I was away from pc so didn't see the final surge upwards, but right now price is almost to TP, so have moved stops to BE.


So, another lesson learned, getting there slowly but surely




Attached Image (click to enlarge)
Click to Enlarge Name: 18.png Size: 35 KB
  • #11,577
  • Jan 6, 2015 9:38am Jan 6, 2015 9:38am
Quoting Wolves77
Todays practise trade and mr pips training comes into play. After a weak NSH i was expecting a real deep pullback but price gave a NSL, there was then a pullback with a lot of price rejection, so entered short with a 2:1 R/R after the spread. My expectation was for a 1:1 completion at structure (grey zone) Now, as usual price went almost straight against me, normally i would have panicked and got out for a small loss, however, after watching the training video i thought what has actually changed. nothing. my expectation was still for price to go...
Well Done!
If you fail to plan, you plan to fail.
  • #11,578
  • Jan 6, 2015 10:03am Jan 6, 2015 10:03am
Cheers mr pip, just read your posts and have to say its was good to see a struggling day (although not for you obvioulsy), with a minimal loss.
normally if i made 5 trades in a day and ended up 3 pips down i would consider that a pretty good day lol. but my expectations are changing, (no pun intended)


edit - ooopss just realized you were up 10, apologies
  • #11,579
  • Jan 6, 2015 11:50am Jan 6, 2015 11:50am
Quoting Wolves77
Cheers mr pip, just read your posts and have to say its was good to see a struggling day (although not for you obvioulsy), with a minimal loss. normally if i made 5 trades in a day and ended up 3 pips down i would consider that a pretty good day lol. but my expectations are changing, (no pun intended) edit - ooopss just realized you were up 10, apologies
No need to be sorry the market made me earn every pip the hard way today LOL.
If you fail to plan, you plan to fail.
  • #11,580
  • Jan 6, 2015 11:53am Jan 6, 2015 11:53am
Quoting Mr. Pip
So does anyone have anything to discuss or would like to put out for discussion? Seems like only a few are putting trades or talking about trades. Today you saw every trade I took I did not sugar coat anything. I was against order flow by choice as I saw breakdown early into my session. I also caught the transition and from that all of my trades were with the newly established short term order flow. Long Term order flow is range bound with what is now a weak bullish bias as price has made a higher low but is failing at the moment to show strength...

Hi Mr. Pip !

I was now seeing your trade day and how you managed it without emotions. very well !!
I was looking al day to short as my bias was to the downside.
I wonder why did you choose to go against this much of a strong downtrend ? would be better to trade with it and you would gained a lot more of today trading.
Did you expected a bounce to the upside with the higher TF ?
thanks
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