Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip

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{quote} You have to assess your risk. Are you happy taking on the risk? What is your reward? Is the order flow breaking down in you intended trading direction? Where is the heaviest structure area within that correction? These are questions you must answers for before you get into any trade.

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Quoting monocor

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Sold UJ, {image}

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Quoting monocor

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{quote} Real, I use fxtrade for trading, it is really bad as charting software, I am watching charts on another platform. When market is tranding it is easy to see expectation, but when market is getting in to correction, it is really hard to see where it is going to make next move

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Quoting rolandW

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Hi everyone, Please find attached Millionaire traders. It is relatively old, with most of the examples talking about end of the 80's up to the noughties, but i love reading about successful traders! A quick synopsis if you dont want to read it... 1) Pretty much all of the traders say that they are only in competition with themselves - no one else pays their bills, so why compete with others (moral - trade what you are comfortable with, no one else's success or failure has anything to do with your trades!) 2) don't chase losses or get greedy - Every...

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Quoting monocor

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Uj, M3 . Price made a new LL, but not a NSL, bcz it didn't close below. And there was a deep correction LH. Isn't it decrease my expectation on NSL??? {image}

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Quoting monocor

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I didn't trade this one. Can I get your comments, is everything ok here {image}

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Quoting rolandW

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{quote} Monocor, we don't have a LL (and your line is a little bit off - on a slant! ) It is a retest of the NSL. Because there was no NSL - we should probably expect a deep pull back, and it will probably test the previous LH (so the swing high basically) There does seem to be weakening momentum heading north, but on such poor projection and increasing depth, and no determined structure level at the furthermost LH on your chart, would you want to risk entering a trade there? I think on the projection, depth and momentum, you have 0/3 to take...

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Quoting Mr. Pip

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{quote} Looks ok, but what do you see?

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Quoting Timwelch

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Here was my trade today. (I'm still using NinjaTrader for the tick chart, but using MetaTrader to place my trades) I watched the new video from Mr. Pip this morning (Amazing, thank you Mr. Pip!) and then I began my day. I saw that there was a NSH followed by a NSL. So I waited until a Fib pullback to go SHORT. I messed up, and should have waited until a DEEP correction. It was right there in the video from Mr. Pip, and I just completely forgot about that. :-) Anyways, I watched price go against me for a while. You can see my stop loss (red horizontal...

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Quoting ujku80

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maybe the following is not necessary but it may offer some input to new traders such as myself. It could also be important for trading mentality in general. {image} {image}

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Quoting hovedguy

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{quote} I will pay attention to these points. This is getting awesome, didn't close a day with net loss for almost 2 weeks now. Thanks very much

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Quoting monocor

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I am done for today, 6+, 1 be, and one loss, but I don't count it, i was confused with that one ))) Really impressive hove it works! Thx Mr.Pip for sharing !!!! Mr. pip, i am quires, how do you get 130 trades a week ? How many pairs do you trade ?

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Quoting monocor

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{quote} There was NSL, and on the retracement, when price came to the 61 and structure lvl, i saw dicrece in mometum. I was afraid to sell, coz when price made NSL momentum on down side was really low. Sorry, my english is bad. I hope u understand what I mean

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Quoting hovedguy

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mini Dow didn't disappoint me after the 1st loss in the morning. Mr Pip, how do you find out optimum tick values for different instruments for day trading the way we are doing? {image}

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Quoting Mr. Pip

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{quote} I understand but price retested the low did not make the NSL still good momentum and a possible complex correction but expectation was still for a NSL

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Quoting Mr. Pip

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{quote} Well it's not an exact science for me, I mainly still to thew 233 on the ES that definitely does not work there is way too much volume so I use the 1597 also a fib number but I don't trade that anymore. I get all I need from one pair. The is enough range in anything these days master this process Structure, Order Flow and Harmonics and you will be in an amazing place few ever find in this business. I can assure you that!

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