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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

  • #15,041
  • Dec 28, 2015 8:31am Dec 28, 2015 8:31am
EURUSD waiting ................
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  • #15,042
  • Dec 29, 2015 1:13am Dec 29, 2015 1:13am
Quoting jpwtrade
Sold AUDCAD at 1.00797 {image}
Closed at break even ..........
  • #15,043
  • Dec 29, 2015 3:20am Dec 29, 2015 3:20am
GBPJPY potential crab pattern ........
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  • #15,044
  • Dec 29, 2015 8:07am Dec 29, 2015 8:07am
Quoting jpwtrade
Sold NZDCAD at 0.94827 {image}
TP: 0.91983
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  • #15,045
  • Dec 29, 2015 8:45am Dec 29, 2015 8:45am
Quoting jpwtrade
GBPJPY potential crab pattern ........ {image}
In crab territory .........
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  • #15,046
  • Dec 29, 2015 8:48am Dec 29, 2015 8:48am
Quoting ujku80
{quote} Merry Christmas and a happy and prosperous 2016!
You too mate
  • #15,047
  • Dec 30, 2015 11:01am Dec 30, 2015 11:01am
USD CAD Entry by price action, TP by fibo.
38% retracement, great bull mmtum, FE 100% and 127% fibo extension.
Strong confluence area near a supply zone of 1H.
Good year for everyone.
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  • #15,048
  • Dec 31, 2015 11:29am Dec 31, 2015 11:29am
Wishing everyone a very Happy NEW YEAR
  • #15,049
  • Dec 31, 2015 11:30am Dec 31, 2015 11:30am
I would like to wish everyone a very happy new year and the very best wishes for the upcoming year. May God always bless you and enlighten your path.
If you fail to plan, you plan to fail.
  • #15,050
  • Dec 31, 2015 1:30pm Dec 31, 2015 1:30pm
Quoting Mr. Pip
I would like to wish everyone a very happy new year and the very best wishes for the upcoming year. May God always bless you and enlighten your path.
Blessings to you too sir!
  • #15,051
  • Dec 31, 2015 1:31pm Dec 31, 2015 1:31pm
Quoting Aj1
Wishing everyone a very Happy NEW YEAR
Happy new year mate.
  • #15,052
  • Jan 2, 2016 3:47pm Jan 2, 2016 3:47pm
Happy new Year !!!
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  • #15,053
  • Jan 2, 2016 3:47pm Jan 2, 2016 3:47pm
New Year Gift
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  • #15,054
  • Jan 3, 2016 6:23pm Jan 3, 2016 6:23pm
Quoting Mr. Pip
I would like to wish everyone a very happy new year and the very best wishes for the upcoming year. May God always bless you and enlighten your path.
Same to you chief !!
Never said I was Batman,all I'm saying is you'll never see us together.
  • #15,055
  • Jan 3, 2016 8:39pm Jan 3, 2016 8:39pm
Happy new year everyone!

I'm trading with similar method, may I compare results with you guys? My win rate for last 100 trades was 56% only, means 56 winners, 44 losers. I wonder if this is normal?
  • #15,056
  • Jan 4, 2016 6:47am Jan 4, 2016 6:47am
Quoting lithium1
Happy new year everyone! I'm trading with similar method, may I compare results with you guys? My win rate for last 100 trades was 56% only, means 56 winners, 44 losers. I wonder if this is normal?
Hello and welcome, win rate will change between traders so it's not the best way to compare. Tell me about your approach, what your risk/reward is and maybe some chart examples. I will give you some tips that might help you a bit if i can. 56% is not too bad is the proper risk reward is used it can actually be fantastic.

don't get to hung up on the percentages they are important but whats more important is your profitability. Are you consistently profitable on a daily basis. If you are not sure what what means let me know. If you are 56% and your risk/reward is better then a 1:1 you should be profitable on a daily basis on average and that is huge!!!
If you fail to plan, you plan to fail.
  • #15,057
  • Jan 5, 2016 6:10am Jan 5, 2016 6:10am
Hello Mr. Pip, thanks for the reply.

Currently I take setups that have at least RR of 1 initially. But since I tend to change my stop and target based on chart pattern and momentum of price action, the actual RR of my last 100 trades was only 0.91

At the moment, I'm looking for ways to improve my actual RR. So far I find Win Rate and RR tend to be inversely related, higher RR resulting lower win rate.
  • #15,058
  • Jan 5, 2016 7:24am Jan 5, 2016 7:24am
Quoting lithium1
Hello Mr. Pip, thanks for the reply. Currently I take setups that have at least RR of 1 initially. But since I tend to change my stop and target based on chart pattern and momentum of price action, the actual RR of my last 100 trades was only 0.91 At the moment, I'm looking for ways to improve my actual RR. So far I find Win Rate and RR tend to be inversely related, higher RR resulting lower win rate.
I was hoping for more info then that. Talk to me about your setups? show some chart examples. Maybe we can improve the entries a bit more. I also did not get a good sense of the risk reward profile to your trades. What is your average stop loss and average take profit?
If you fail to plan, you plan to fail.
  • #15,059
  • Jan 5, 2016 5:33pm Jan 5, 2016 5:33pm
Can I sugest, that you drop trades which is less then 1:1,5, if you have stats, what is gonna be win rate? You need to have at least 1, if you have 0,9 it is not enough to be profitable consistantly.
  • #15,060
  • Jan 6, 2016 2:24am Jan 6, 2016 2:24am
USDJPY
Possible turning point ..................
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