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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

  • #14,101
  • Edited 5:44pm Jun 21, 2015 5:13pm | Edited 5:44pm
looking at entry at 7750 lets see what happens

Edit: Nope bitch took off without me
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Empower Your Mind
  • #14,102
  • Jun 21, 2015 7:15pm Jun 21, 2015 7:15pm
Quoting vqtrader
Okay finally AU is ready to be bought. Well not quite but long bias is setting up if support holds. Stop loss: 0.7740( if not broken) Profit: 0.7875 Entry: to be determined(based on pullback) IF SUPPORT HOLDS 16pip risk : 100+ pips target {image}
I am long AUD USD as well. Only difference is I never trade with a 16 pip stop loss. The market loves tight stops. Your trade analysis is valid. Looking for at least a 200-230 point move.
  • #14,103
  • Jun 21, 2015 7:21pm Jun 21, 2015 7:21pm
Quoting vqtrader
looking at entry at 7750 lets see what happens Edit: Nope bitch took off without me {image}
Don't fear the market. I am long this pair and I am staying long until my profit target is hit 200+ pips away. Sure the pair may retrace and stop me out, but I don't fear the reaper. Hang tough. That is where all the money is, in trades that look improbable which no one will take out of fear.
  • #14,104
  • Jun 21, 2015 7:28pm Jun 21, 2015 7:28pm
Quoting Giganntor
{quote} I am long AUD USD as well. Only difference is I never trade with a 16 pip stop loss. The market loves tight stops. Your trade analysis is valid. Looking for at least a 200-230 point move.
What can I say I love giving away money. You should see me at the gentlemen's club. Seriously, AU is having a hard time with the 0.7770 ceiling. Not sure how long it will take for a pop through. If price breaks my Line I am out until I get more bullish intent. It will move this week..
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Empower Your Mind
  • #14,105
  • Jun 22, 2015 6:19am Jun 22, 2015 6:19am
Quiet day on the thread.

2 trades on GBPUSD, good entries but premature exits.
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1 trade still running on EURUSD, but it is looking like it'll be a BE... 1.13380 is proving a tough nut to crack
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  • #14,106
  • Jun 22, 2015 6:37am Jun 22, 2015 6:37am
Quoting honestknave
1 trade still running on EURUSD, but it is looking like it'll be a BE... 1.13380 is proving a tough nut to crack
Closed it out at +18 pips. Daily target met, so I'll probably call it a day unless NY offer something too good to pass up.

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  • #14,107
  • Jun 22, 2015 7:44am Jun 22, 2015 7:44am
Quoting honestknave
{quote} Closed it out at +18 pips. Daily target met, so I'll probably call it a day unless NY offer something too good to pass up. {image}
Nice Charts setup that you have

What is the Average line that you use

Thanks

Chalky
  • #14,108
  • Jun 22, 2015 7:46am Jun 22, 2015 7:46am
Quoting Chalky600
{quote} Nice Charts setup that you have What is the Average line that you use Thanks Chalky
Thanks

It's a 25EMA from the M5 timeframe, superimposed on the tick chart. Hence why it sometimes looks a little odd.
  • #14,109
  • Jun 22, 2015 8:21am Jun 22, 2015 8:21am
Quoting vqtrader
{quote} What can I say I love giving away money. You should see me at the gentlemen's club. Seriously, AU is having a hard time with the 0.7770 ceiling. Not sure how long it will take for a pop through. If price breaks my Line I am out until I get more bullish intent. It will move this week.. {image}
I am long AUD USD, anticipating a 200+ pip move to the upside so I have a decent sized stop. At 16 pip stop you are most likely going to get stopped out on a stop run before the pair moves up. After you get stopped out and the pair starts to move up you will hesitate to get back in long which is what the MM want you to do.

I am not trying to break your chops just trying to get you on the right side of the order flow. Don't let the MM control your trading.
  • #14,110
  • Jun 22, 2015 9:29am Jun 22, 2015 9:29am
Quoting vqtrader
{quote} I think I will ride with you. it was ranging a bit so drop down. risking 12 pips for 55 pips. BE at 20 pips. if it breaks 7150 we should be good to go. we'll see {image}
The trade looks good. Don't let the market makers shake you out of a good trade. Only the brave earn the right to profit in this market. The good, easy trades fail and the tough improbable trades always win.
  • #14,111
  • Jun 22, 2015 10:38am Jun 22, 2015 10:38am
Quoting Giganntor
{quote} I am long AUD USD, anticipating a 200+ pip move to the upside so I have a decent sized stop. At 16 pip stop you are most likely going to get stopped out on a stop run before the pair moves up. After you get stopped out and the pair starts to move up you will hesitate to get back in long which is what the MM want you to do. I am not trying to break your chops just trying to get you on the right side of the order flow. Don't let the MM control your trading.
Relax there just jokes. I Have rules for trading. Let's keep eyes on it. I'm Out currently but will get in accordance to my rules
Empower Your Mind
  • #14,112
  • Jun 22, 2015 11:36am Jun 22, 2015 11:36am
Quoting vqtrader
{quote} Relax there just jokes. I Have rules for trading. Let's keep eyes on it. I'm Out currently but will get in accordance to my rules
VQ-I hear ya. Not trying to rain on your parade. All I am saying is I am long AUD USD and I will stay long for the 200+ pip move that is about to happen. I am a target trader. I don't use 20-25 pip stops. I trade for longer trades. All I am trying to do is to encourage traders to stay in and not get scared and get stopped out by the market makers. Thats all. Trying to use my experience to benefit other traders.

Once you realize all the market makers do all day long is to use fake moves against the trend or current counter trend to shake you out of what would be a profitable trade, you gain the experience and guts to stay in and book the profit. Almost all of my winning trades start out negative. I "let my winners run". I am just trying to help other traders.
  • #14,113
  • Jun 22, 2015 12:09pm Jun 22, 2015 12:09pm
Quoting Giganntor
{quote} VQ-I hear ya. Not trying to rain on your parade. All I am saying is I am long AUD USD and I will stay long for the 200+ pip move that is about to happen. I am a target trader. I don't use 20-25 pip stops. I trade for longer trades. All I am trying to do is to encourage traders to stay in and not get scared and get stopped out by the market makers. Thats all. Trying to use my experience to benefit other traders. Once you realize all the market makers do all day long is to use fake moves against the trend or current counter trend to shake...
Cool. No worries I am not an arrogant guy. Thanks for wisdom. I Will see you on top of AU pip mountain
Empower Your Mind
  • #14,114
  • Edited 5:55pm Jun 22, 2015 3:50pm | Edited 5:55pm
Well, I hope everyone managed a profitable day

I actually snuck a few more trades into the NY session. A bit naughty as I'm supposed to be working on stopping after I hit my daily targets.

I really can't fathom why more people don't follow the thread

Maybe the thread is just boring... even the OP has disappeared! Perhaps we need to invest in some marketing

Is there anything people want to discuss? Want help with? Want to suggest to other traders?

The thread has migrated from being a teaching discussion to a pseudo trade journal, which must be dull for the old hands and intimidating to the new faces.
  • #14,115
  • Jun 22, 2015 4:21pm Jun 22, 2015 4:21pm
Hey honestknave,

im still trading using mr pips method whenever i get the chance, will hopefully post a few charts this week. problem is im only on the EU 1min chart, so live posts are a bit of an issue. I was wondering what happened to the 20 people in the live webinar, am i the only one still trading or are the others still practicing silently in the background, i feel sure mr. pip will return later in the year, maybe around late oct, at least i hope he does

btw, nice perfomance on my fxbook, i'm a stat nerd and would love to link my account but hate MT and my current platform won't allow it

anyway, nice to see folks on here still doing well, keep up the great work.
  • #14,116
  • Jun 22, 2015 4:26pm Jun 22, 2015 4:26pm
Quoting honestknave
Last 6 trading days since I got back in the saddle (a small account, hence the high %). Perhaps it will encourage people that there is at least some merit to this method {image}
Nicely done! I agree, this thread is full of great info for every trader out there, new or old.
Damn The Torpedoes, Full Speed Ahead!
  • #14,117
  • Jun 22, 2015 6:06pm Jun 22, 2015 6:06pm
Quoting Wolves77
Hey honestknave, im still trading using mr pips method whenever i get the chance, will hopefully post a few charts this week. problem is im only on the EU 1min chart, so live posts are a bit of an issue. I was wondering what happened to the 20 people in the live webinar, am i the only one still trading or are the others still practicing silently in the background, i feel sure mr. pip will return later in the year, maybe around late oct, at least i hope he does btw, nice perfomance on my fxbook, i'm a stat nerd and would love to link my account...
Hello Wolves77,

I'm looking forward to seeing some charts when you get the chance! I know what you mean about posting live calls on short TF trades, it is very easy to lose focus. I'm starting to think there is more benefit in posting a detailed chart after the event than posting a live call with minimal (or messy, in my case!) info. I'll probably just pick a couple of trades that were interesting (in a good or a bad way!) and post them up from now on.

I didn't watch the seminar live, but I have watched most of it subsequently. You've reminded me that I really must finish watching that - here's the link (https://www.youtube.com/watch?v=PtNIRz0__Fo) for anyone that missed it.

Out of interest, which platform do you trade on?

Green pips
  • #14,118
  • Jun 22, 2015 6:21pm Jun 22, 2015 6:21pm
Quoting DizzleFX
{quote} Nicely done! I agree, this thread is full of great info for every trader out there, new or old.
Sure is! And with a bit of mix and match, there is something for everyone.
  • #14,119
  • Jun 22, 2015 7:39pm Jun 22, 2015 7:39pm
Quoting Wolves77
Hey honestknave, im still trading using mr pips method whenever i get the chance, will hopefully post a few charts this week. problem is im only on the EU 1min chart, so live posts are a bit of an issue. I was wondering what happened to the 20 people in the live webinar, am i the only one still trading or are the others still practicing silently in the background, i feel sure mr. pip will return later in the year, maybe around late oct, at least i hope he does btw, nice perfomance on my fxbook, i'm a stat nerd and would love to link my account...
Same here honestknave/Wolves. I have been here since the start, just took a few months off handling man shit. Just got back a a week ago. most of the people have morphed the method into there own i guess. Of course I am one of them. I have simplifed it. I still have a JOB so trading is hard, so I have bot working for me when I am at work. I use Mr. Pip/my rules then turn the baby on until I get home.
Empower Your Mind
  • #14,120
  • Jun 23, 2015 4:08am Jun 23, 2015 4:08am
Wanted to post a potential setup that I passed on. We usually show pics of our trades, so I thought I would switch it up. Reason I passed is because my rules require atleast a touch of the 38.2 fib. This did pull back into an area of structure that is displayed by the blue box but never touched 38.2 fib. In the past this has been a filter for me as well, to pass on trades that are making a small correction to the upside prior to heading down. Another consideration is that a continuation to the downside without touching the 38 fib is really not good expectation because momentum doesn't support it.
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Damn The Torpedoes, Full Speed Ahead!
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