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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

  • #16,521
  • Feb 16, 2016 2:48pm Feb 16, 2016 2:48pm
mr.Pip i am watching your videos every day, i had to watch it couple times, before i understood it. But even now, every time when I watch it find some ditails wich I am missing. It is the best forex videos which I watched. Thank you for your hard work !!!!
Even though I walk through the darkest valley, I will fear no evil
  • #16,522
  • Feb 16, 2016 2:52pm Feb 16, 2016 2:52pm
Quoting hovedguy
{quote} So, I think I need to wait for bar by bar analysis video then Is it possible to make any judgement with limited arsenal we've acquired? I am confused upon one thing. you said that price making 127% retracement the minimum criteria to expect that the trend is healthy. I have derived it as 127 % is minimum strength of the trend ( when I placed the limit order) whereas 168% is strong. is it correct?
Yes it is possible to trade and trade very well with the tools I have already should you many already are. And you and too if I'm not mistaken. Yes price should at the very least make a 127% extension.
If you fail to plan, you plan to fail.
  • #16,523
  • Feb 16, 2016 2:55pm Feb 16, 2016 2:55pm
Quoting monocor
mr.Pip i am watching your videos every day, i had to watch it couple times, before i understood it. But even now, every time when I watch it find some ditails wich I am missing. It is the best forex videos which I watched. Thank you for your hard work !!!!
Anytime Monocor, I'm glad you are finding them useful.
If you fail to plan, you plan to fail.
  • #16,524
  • Edited 3:18pm Feb 16, 2016 2:59pm | Edited 3:18pm
Dear Mr. Pip,

with regard to the first part of the video (I split it, since due to the time shift, I am always late in comparison to others), I have a question.

On sequence around minute 27 (the sell trade with the second entry which turned out to be taken out): for you it was a good opportunity to go in, since only 38.2 retracement,....

I do not understand why the fact that the price action broke the previous LH should not be taken into account.
As far I can see, the entry for the trade was above this previous LH. Should this not have changed our expectations? (I would not expect anymore to get a LH and NSL; I would expect at least an area of complex correction where I would not know how to trade).

The same applies at the beginning of the video, you said something like what happened in the past is not important, price has spoken a NSL and NSH). What is if this NSL-NSH swing is within a previous bearish main swing (I hope you know what I mean). Should we not pay attention to this? (e.g. this NSL-NSH swing represents a retracement to 38.2 fib of the big previous bearish main swing.
  • #16,525
  • Feb 16, 2016 3:04pm Feb 16, 2016 3:04pm
Quoting Mr. Pip
{quote} Yes it is possible to trade and trade very well with the tools I have already should you many already are. And you and too if I'm not mistaken. Yes price should at the very least make a 127% extension.
Looking forward to learn from you more..... I was just wondering whether I was being lucky on every trade....man... this is science, and am privileged to be your student !!
  • #16,526
  • Feb 16, 2016 3:20pm Feb 16, 2016 3:20pm
+27 pips on 1 trade today following the structure/orderflow methodology
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  • #16,527
  • Feb 16, 2016 3:29pm Feb 16, 2016 3:29pm
Quoting evocpr19
Dear Mr. Pip, with regard to the first part of the video (I split it, since due to the time shift, I am always late in comparison to others), I have a question. On sequence around minute 27 (the sell trade with the second entry which turned out to be taken out): for you it was a good opportunity to go in, since only 38.2 retracement,.... I do not understand why the fact that the price action broke the previous LH should not be taken into account. As far I can see, the entry for the trade was above this previous LH. Should this not have changed our...
You may have taken me slightly out of context. When I said what happened in the past is not important was in regards to longer term structure. That trade was not the best trade to take but remember in the video like in real life sometimes we don't take the best trades. Once you are in it you own it and must deal with the trade and the outcome.
If you fail to plan, you plan to fail.
  • #16,528
  • Feb 16, 2016 3:30pm Feb 16, 2016 3:30pm
Quoting hovedguy
{quote} Looking forward to learn from you more..... I was just wondering whether I was being lucky on every trade....man... this is science, and am privileged to be your student !!
I'm having fun too!
If you fail to plan, you plan to fail.
  • #16,529
  • Feb 16, 2016 3:30pm Feb 16, 2016 3:30pm
Quoting Harmonic1976
+27 pips on 1 trade today following the structure/orderflow methodology {image}
Nice work! Money in the bank.
If you fail to plan, you plan to fail.
  • #16,530
  • Feb 16, 2016 3:31pm Feb 16, 2016 3:31pm
Are you guys getting more and more profitable? Are things really starting to click?
If you fail to plan, you plan to fail.
  • #16,531
  • Feb 16, 2016 3:44pm Feb 16, 2016 3:44pm
Yes! I'm up 5.3% on the day. ;-) You're my hero!

Quoting Mr. Pip
Are you guys getting more and more profitable? Are things really starting to click?
Markets can remain irrational longer than you can remain solvent - JMK
  • #16,532
  • Feb 16, 2016 3:51pm Feb 16, 2016 3:51pm
Quoting Mr. Pip
Are you guys getting more and more profitable? Are things really starting to click?
More along the lines that once I enter a trade I can see why it was a bad trade!!! Lol

I think the decision making process is pretty easy, it is the patience and the trade management at the moment- but that will come with further videos (bar by bar) and experience and chart time.

It is a cool ride! :-)
  • #16,533
  • Feb 16, 2016 4:14pm Feb 16, 2016 4:14pm
Quoting hovedguy
{quote} Here are my settings..... we haven't covered the MM yet, so using my own rules Edit - I do change the static SL based upon swing high or low {image} {image}
its my personal opinion that your a run away horse with blinkers on.

mr pips is the jockey here so let him ride you the perfect race instead of you running your own

i dont think your being fair to your self or others.
ok if you feel that good and that confident a trader ,,,feel free to go on,,,,maybe even blow your account

personally i think you would be foolish not to see thru what mr pips is teaching you and stick to what he is doing by the book.

when finished yes feel free to develop your own style,,,,but at least learn to walk first???
  • #16,534
  • Feb 16, 2016 5:36pm Feb 16, 2016 5:36pm
Quoting Mr. Pip
Are you guys getting more and more profitable? Are things really starting to click?
Yes, it is amazing, how it works. Market is following my commands )))))
Even though I walk through the darkest valley, I will fear no evil
  • #16,535
  • Feb 16, 2016 5:38pm Feb 16, 2016 5:38pm
The strategies you have thus far presented in your videos are enlightening. It’s interesting that there is familiarity such as higher highs and higher lows but the notion of expectation adds a new level. I’ve traded supply and demand (Price is Everything thread) before but your teachings regarding order flow and strength add a refreshing dimension.
I traded futures for a short time but the $/tick was a bit steep. FOREX offers more flexibility in terms of trade size but the trade-off for a US based day-trader is less flexibility in active trading hours. By this I mean that a FOREX trader is best trading the London session but for me that would mean waking at 1 or 2am which is not feasible for me. I trade mostly the Asian and NY session for now.
I hope to be trading futures again soon with the strategies you are teaching here. Thank you very much!!!
  • #16,536
  • Feb 16, 2016 6:36pm Feb 16, 2016 6:36pm
Current live trade. There was nice resistance at the 38.2 fib. Price broke down and I entered on the close. Order flow has been strongly to the downside so going with that. I'm also in AUDUSD short.
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  • #16,537
  • Feb 16, 2016 6:41pm Feb 16, 2016 6:41pm
Target is based on expansion of prior move and retracement. Ultimate target 127 but I will remove some at the 100.
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  • #16,538
  • Feb 16, 2016 10:27pm Feb 16, 2016 10:27pm
Here is a trade that I visually executed using tradingview.com. The bears really drove price down to make the NSL and after the almost 100% pullback from the bulls, I knew the bears had ran out of steam and that price would have a very hard time making a NSL. I felt pretty confident that a rotation to the upside was in the making or at least a NSL would be a challenge. Price ended up making a NSH and completed an AB=CD.
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Damn The Torpedoes, Full Speed Ahead!
  • #16,539
  • Feb 17, 2016 1:53am Feb 17, 2016 1:53am
Quoting devontrader
{quote} its my personal opinion that your a run away horse with blinkers on. mr pips is the jockey here so let him ride you the perfect race instead of you running your own i dont think your being fair to your self or others. ok if you feel that good and that confident a trader ,,,feel free to go on,,,,maybe even blow your account personally i think you would be foolish not to see thru what mr pips is teaching you and stick to what he is doing by the book. when finished yes feel free to develop your own style,,,,but at least learn to walk first???...
I am walking exactly along his guidelines Jason. I said- we did not cover the money management part yet, but still you got to manage it right once you're in a trade?

The only part I liked about your comment is that you are trying to impose discipline in the thread so that we don't scatter in different directions. But I guess I should expect more technical stuff rather than name calling from an expert with yellow dot beside his name.
  • #16,540
  • Feb 17, 2016 2:48am Feb 17, 2016 2:48am
my analysis for this morning. unfortunately, I have a meeting now and can't look at the trade, so my SL moved to BE already.

the reason why I took it, i'is because the trade is in line with the major trend direction. Market failed to make a NSH yesterday and kept on making NSL albeit very weak with shallow projection. It is basically like the last trade that Damian took in the recent video. where you expect market to move with the trend while risking very little. Regarding my expectation for E/U today, I don't expect to see a NSL today and it might even happen that we could see a NSH actually. I don't know...
let's wait and see.

I'll catch the thread later in the afternoon. this is probably my only trade today.

cheers
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