one more down
Ratios & Harmonics: a Different Way to Trade
- #15,004
- Dec 9, 2015 4:01pm Dec 9, 2015 4:01pm
As for today, two trades failed{image} {image}
Hey,
Couple of questions about these trades.
On th bat, where was your reason for entry? I ask because I don't see a completed candle for the Bulls, which would be part of the confirmation to enter.
On the second, I would say your entry is a little late, after a double bottom the end of the first bull candle should have been an entry which could have ended with a BE trade instead of a loss.
I have changed my trading only to trade with order flow, I seem to get stung too often trading the reversal.
- #15,005
- Dec 9, 2015 4:05pm Dec 9, 2015 4:05pm
Sorry for late chart, it took me forever to set up new platformIncluding lil profit from yesterday, still in +
{image}
Also there is an ABCD (I think, as using my finger to measure on my iPad 😂
, on the CD leg .
- #15,006
- Dec 9, 2015 5:21pm Dec 9, 2015 5:21pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
As for today, two trades failed
A pattern completion is just that. It's a signal that we must still qualify.
If you fail to plan, you plan to fail.
- #15,007
- Dec 9, 2015 5:22pm Dec 9, 2015 5:22pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
{quote} Hey, Couple of questions about these trades. On th bat, where was your reason for entry? I ask because I don't see a completed candle for the Bulls, which would be part of the confirmation to enter. On the second, I would say your entry is a little late, after a double bottom the end of the first bull candle should have been an entry which could have ended with a BE trade instead of a loss. I have changed my trading only to trade with order flow, I seem to get stung too often trading the reversal.
If you fail to plan, you plan to fail.
{quote} Hey, Couple of questions about these trades. On th bat, where was your reason for entry? I ask because I don't see a completed candle for the Bulls, which would be part of the confirmation to enter. On the second, I would say your entry is a little late, after a double bottom the end of the first bull candle should have been an entry which could have ended with a BE trade instead of a loss. I have changed my trading only to trade with order flow, I seem to get stung too often trading the reversal.
{quote} Try not to take these trades blindly. From the standpoint that the pattern completed. The order flow on both suggested that the bears were gaining strength. You also did not have great structure to assist price in finding support. Remember to find confluence in your PRZ the more you have the higher the probability. A pattern completion is just that. It's a signal that we must still qualify.
I used limit orders, without confirmation, big mistake, would avoid so many losers
I have to apologies for some of my posts, I was goofing around this week, playing with Limit orders, that was just testing, how limit orders works, I never used it before, and will not use them again Always wait for confirmation, follow your trading plan, and be happy
Enjoy trading !!! Happy pips to all!!! And have a nice weekend
Always wait for confirmation, follow your trading plan, and be happy Enjoy trading !!! Happy pips to all!!! And have a nice weekend
- #15,016
- Dec 13, 2015 6:05am Dec 13, 2015 6:05am
I have to apologies for some of my posts, I was goofing around this week, playing with Limit orders, that was just testing, how limit orders works, I never used it before, and will not use them again
I just thought it automated things too much and you would also get in to late. You kind of helped to prove that for me
- #15,019
- Dec 14, 2015 6:42am Dec 14, 2015 6:42am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
