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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

  • #11,741
  • Jan 12, 2015 5:05am Jan 12, 2015 5:05am
Bears displaying lots of weakness, price hit the 38% and found some support could not remove all risk but SL at -3
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_12_2015.jpg Size: 89 KB
If you fail to plan, you plan to fail.
  • #11,742
  • Jan 12, 2015 5:08am Jan 12, 2015 5:08am
I will catch up with the thread later on today have to keep the head in the game. I will update you all as thing progress or break down. At the moment they are still breaking down.
If you fail to plan, you plan to fail.
  • #11,743
  • Jan 12, 2015 5:15am Jan 12, 2015 5:15am
First trade Stopped out for -3
If you fail to plan, you plan to fail.
  • #11,744
  • Jan 12, 2015 5:23am Jan 12, 2015 5:23am
UJ finally coming in for its correction. My main swing marked, in on the dominant leg now.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #11,745
  • Jan 12, 2015 5:43am Jan 12, 2015 5:43am
Quoting Matts Micro
UJ finally coming in for its correction. My main swing marked, in on the dominant leg now. {image}
Lost -7 pips on a false move earlier (taken out by .5 of a pip topside). Took profit at the 38.2% for +20 (normally my TP) for +13net on this trade.
As the lights go by so too do the shadows move
  • #11,746
  • Jan 12, 2015 5:43am Jan 12, 2015 5:43am
Hi Mr. Pip & fellow traders.

First thanks alot for the video and for me your trade management was great. Today I've made two trades so far where the first one was a loss but a minor loss (-3 pips) thanks to your teachings (would've been worse otherwise). It was a short on the GBPUSD 233T @1.5140 expecting 1.5110 and perhaps a retest of 1.51. Since it was against short term order flow I managed it much more aggressively than I would've if I hadn't watched your video.

Second trade I took long @1.5138 expecting 1.5165 (+27 pips). The reason for this trade was since bears didn't show much strength and bulls started to come back with strength. The reason for my 1.5165 expectation was strong structure, completion in the 61.8 zone of main swing.
Rise and rise again until lambs become lions
  • #11,747
  • Jan 12, 2015 5:46am Jan 12, 2015 5:46am
Quoting Mr_Burns
Hi Mr. Pip & fellow traders. First thanks alot for the video and for me your trade management was great. Today I've made two trades so far where the first one was a loss but a minor loss (-3 pips) thanks to your teachings (would've been worse otherwise). It was a short on the GBPUSD 233T @1.5140 expecting 1.5143. Since it was against short term order flow I managed it much more aggressively than I would've if I hadn't watched your video. Second trade I took long @1.5138 expecting 1.5165 (+27 pips). The reason for this trade was since bears didn't...
That's how it's done!!!!!!!!!
If you fail to plan, you plan to fail.
  • #11,748
  • Jan 12, 2015 6:04am Jan 12, 2015 6:04am
Quoting Matts Micro
{quote} Not sure exactly what formation I am searching for but am just after a st target and saw the rejection off the 50% Fib. Will cover shortly though. {image}
Seems to be rejection/resistance at the 61.8% of BC(?). Still yet to be confirmed, I maybe looking for a short, though UJ still on retracement so watching direction atm.
As the lights go by so too do the shadows move
  • #11,749
  • Jan 12, 2015 6:07am Jan 12, 2015 6:07am
Quoting Mr. Pip
Here is the video of today's session. I hope you find it valuable to your growth. As always please provide feedback and questions. https://www.youtube.com/watch?feature=player_detailpage&v=MfqjWl8pd3s
Just got round to watching this as a busy weekend.

Loving the vid and seeing live trades. This helps me look at patience, as you mentioned, within your trades and also evaluating a trade in a live environment, e.g. moving the stop slightly when price approached but your expectation was the same, that would have maybe got stopped out, but instead was a 22 pip winner!!

"come on baby" - did I hear emotion here?

Might help on these live trades to make the fib lines clearer maybe with the numbers? Just would help me a little and maybe others, no big deal if you would rather not though as I still followed it all.
  • #11,750
  • Jan 12, 2015 6:08am Jan 12, 2015 6:08am
I'm short on the pound but it just doesn't want to go. going to reduce some risk.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_12_2015.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #11,751
  • Jan 12, 2015 6:08am Jan 12, 2015 6:08am
Quoting Mr. Pip
{quote} That's how it's done!!!!!!!!!
Thanks!

Atm Im feeling empowered almost like if price moves to where I say it should. Gotta keep calm with both feet grounded though.

Shorting GBPUSD @1.5152 with a long term expectation of a 1.51 retest, potientally more. Price failed to make a NSH and a lot of exhaustion, add that to PRZ long term. Aggressive trade management though.

Attached Image (click to enlarge)
Click to Enlarge Name: USD (-).png Size: 40 KB
Rise and rise again until lambs become lions
  • #11,752
  • Jan 12, 2015 6:16am Jan 12, 2015 6:16am
Quoting Mr_Burns
{quote} Thanks! Atm Im feeling empowered almost like if price moves to where I say it should. Gotta keep calm with both feet grounded though. Shorting GBPUSD @1.5152 with a long term expectation of a 1.51 retest, potientally more. Price failed to make a NSH and a lot of exhaustion, add that to PRZ long term. Aggressive trade management though. {image}
I'm in the same trade but she won't go! Aggressive management is definitely a must here my risk is now -10
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_12_2015.jpg Size: 110 KB
If you fail to plan, you plan to fail.
  • #11,753
  • Jan 12, 2015 6:20am Jan 12, 2015 6:20am
Am currently short on the GU. Explanations are on the chart. Risking 12 for 40.

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Edit: I just read the recent posts and its cool to see we are reading our charts the same way. Well at least for this trade.
  • #11,754
  • Jan 12, 2015 6:22am Jan 12, 2015 6:22am
Quoting Mr. Pip
{quote} I'm in the same trade but she won't go! Aggressive management is definitely a must here my risk is now -10 {image}
Finally closed below 1.5150 . Let's see if bears get going now. Risking 8 pips atm.
Rise and rise again until lambs become lions
  • #11,755
  • Jan 12, 2015 6:31am Jan 12, 2015 6:31am
Quoting YoungCroc
Am currently short on the GU. Explanations are on the chart. Risking 12 for 40. {image} Edit: I just read the recent posts and its cool to see we are reading our charts the same way. Well at least for this trade.
GU having its difficulties going down. Reduced risk to 7.

Ah. It finally moved as I was typing my first sentence.

Update: Got out at breakeven.
  • #11,756
  • Jan 12, 2015 6:32am Jan 12, 2015 6:32am
Quoting pampaq
Strong Bullish mmtum, entering, then recoil to 61%, expect a re testing of HH, and control, if it breaks continue, and if not broken out. regards {image}
Reaching the TP, proposed, althoughI was already outside the trade, Greetings
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  • #11,757
  • Jan 12, 2015 6:34am Jan 12, 2015 6:34am
I think I can hear Mr Pip encouraging GU down...
As the lights go by so too do the shadows move
  • #11,758
  • Jan 12, 2015 6:34am Jan 12, 2015 6:34am
Locked in 5 to also cover the loss of the day up 16 at the moment stops rolled to BE as price has hit the 38%
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_12_2015.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #11,759
  • Jan 12, 2015 6:41am Jan 12, 2015 6:41am
Taken out +5 up 2 for the day
If you fail to plan, you plan to fail.
  • #11,760
  • Jan 12, 2015 6:43am Jan 12, 2015 6:43am
Yup next trade. I think EU is looking for the 61.8% (5 min).
As the lights go by so too do the shadows move
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