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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

  • #16,861
  • Feb 22, 2016 8:17am Feb 22, 2016 8:17am
Quoting ujku80
{quote} yeah but, I'm still in draw down today. I guess it's not my day.
Play in demo for the rest of the day, come back tomorrow with confidence in real
  • #16,862
  • Feb 22, 2016 8:23am Feb 22, 2016 8:23am
Quoting ujku80
{quote} I see. I guess I misunderstood u. anyway, good luck on the next one.
  • #16,863
  • Feb 22, 2016 8:29am Feb 22, 2016 8:29am
Quoting Cmelak
{quote} ok thanks i will take a look at this once again. regards, cmelak
This one sample chart about complex correction, wish it could help u clear understanding about Mr Pip teach us.
Attached Image (click to enlarge)
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  • #16,864
  • Feb 22, 2016 8:32am Feb 22, 2016 8:32am
It's what Mr. Pip says in his videos. With the power we have, we get in before retail traders, because we see price movement for what it is. We aren't using indicator (which are laggy) to give us an entry. So our entry is often (almost always in fact) at a much better price than retail traders. ;-)
Quoting hovedguy
{quote} Hi Tim What you mean by wholesale?
Markets can remain irrational longer than you can remain solvent - JMK
  • #16,865
  • Feb 22, 2016 8:37am Feb 22, 2016 8:37am
Quoting hovedguy
{quote} Play in demo for the rest of the day, come back tomorrow with confidence in real
no, i don't play in demo anymore. I need to educate myself with real trades. I don't trust trading demo so much as the psychology is completely different. All the trades I take here and how i manage them are real ones. so, a loss is a loss.
But the point is not to win all the time but to have more wins than losses and when you win you win more than when you loose. ok?!

when you think about it, with a smooth MM, trading 1 lot / 10 000 $ account; or 2 lots / 20 000, or 0.5 lots / 5000 $. To increase your acc by 10% a month, all you need is 100 pips. That is 25 pips a week, or 5 pips a day. of course that doesn't mean that you should go for 5 pips a day. it means that you trade the system that Mr.Pip is teaching you and in the end of the day, week, month you have more wins than losses and your wins are bigger than your losses. And if when averaged all your trades come with +5 pips or +10 pips / day, you're good. damn good. I don't have to be more greedy than that. 10% increase every month means 300% compounding in a year. I dont know any other business that can give that much profit. Only Mr.Pip's business does that. hehe.

My point? Don't trade every single damn swing up or down. All you need is a 100 pips a month. which it could be 2 trades of 50 pips, or 4 trades of 25 pips etc. So, aim good before you shoot.
  • #16,866
  • Feb 22, 2016 8:40am Feb 22, 2016 8:40am
Quoting Timwelch
You'll get it next time. Last week I hesitated on 4-5 really good trades. It becomes easier with experience. As we get past our old failures and realize the potency and power of the trading method we are using now (70%+ expectation completions), we will all get better and trade without limit or hesitation. :-) Thanks again, Mr. Pip! I have never had so many winning days in a row in my life as a trader (trading for 7 years now). It's absolutely amazing. {quote}
Long time lurker. I just wanted to echo what Timwelch said. Been trading on and off for some years and this is the first time i am having so many winning days in a row in my trading life. The changes in my P/L were immediate and drastic. I had a run of 14 straight profitable trades last week. This trading methodology is absolutely amazing and its all the more surprising because we have not even concluded the course yet!

Thank you so much Mr Pip for your incredible generosity. You changed my trading life for the better. Will continue studying and practicing the methodology and will look to pay it forward in future..

Best regards.
  • #16,867
  • Feb 22, 2016 8:59am Feb 22, 2016 8:59am
my last one for today. a loss or a win...doesn't matter so much. the system works like hell. that's what you need to know. btw, i suppose it's obvious from the chart why i took the trade.
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  • #16,868
  • Feb 22, 2016 8:59am Feb 22, 2016 8:59am
Quoting ujku80
{quote} no, i don't play in demo anymore. I need to educate myself with real trades. I don't trust trading demo so much as the psychology is completely different. All the trades I take here and how i manage them are real ones. so, a loss is a loss. But the point is not to win all the time but to have more wins than losses and when you win you win more than when you loose. ok?! when you think about it, with a smooth MM, trading 1 lot / 10 000 $ account; or 2 lots / 20 000, or 0.5 lots / 5000 $. To increase your acc by 10% a month, all you need is...
Sounds good pal
  • #16,869
  • Feb 22, 2016 9:01am Feb 22, 2016 9:01am
Quoting hovedguy
{quote} Sounds good pal
thx mate.
  • #16,870
  • Feb 22, 2016 9:02am Feb 22, 2016 9:02am
SL moved to BE. With this momentum increase to the downside, it shouldn't be a problem hitting TP. But u never know.
  • #16,871
  • Feb 22, 2016 9:06am Feb 22, 2016 9:06am
hi，MR. PIP
it seems like a potential ABCD or a BAT pattern，am i right？if not，could you please correct me？thanks！

best regards
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #16,872
  • Feb 22, 2016 9:09am Feb 22, 2016 9:09am
Quoting ujku80
SL moved to BE. With this momentum increase to the downside, it shouldn't be a problem hitting TP. But u never know.
ok , this is fun. another BE trade. I'm tired today apparently. wish better luck to you guys. cheers
  • #16,873
  • Feb 22, 2016 9:18am Feb 22, 2016 9:18am
moved to be, looks like will get BE, Aud/Cad
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Even though I walk through the darkest valley, I will fear no evil
  • #16,874
  • Feb 22, 2016 9:20am Feb 22, 2016 9:20am
Quoting fxderek
hi，MR. PIP it seems like a potential ABCD or a BAT pattern，am i right？if not，could you please correct me？thanks！ best regards {image}
We have agreement here to start price action from scratch. Many of us dont understand about fancy picture, we dont there yet and we care about our harmonic progress among harmonic traders since this is all about harmonic right?
Please cooperate, or maybe u can message Mr Pip directly, since we dont want to lost about step by step topic until we master each step.

Regards,
Tiong999
  • #16,875
  • Edited 10:54am Feb 22, 2016 9:24am | Edited 10:54am
Quoting monocor
moved to be, looks like will get BE, Aud/Cad {image}
still there
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Even though I walk through the darkest valley, I will fear no evil
  • #16,876
  • Feb 22, 2016 9:26am Feb 22, 2016 9:26am
First entry of the day.
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If you fail to plan, you plan to fail.
  • #16,877
  • Feb 22, 2016 9:33am Feb 22, 2016 9:33am
Price is really struggling to do anything. I miss the long because of the 100% we had earlier. but the bulls did get there act together I hope I get continuation soon. I believe price wants to at lease test 16600 today.
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If you fail to plan, you plan to fail.
  • #16,878
  • Feb 22, 2016 9:37am Feb 22, 2016 9:37am
Quoting monocor
{quote} still there {image}
my take on this pair Monocor
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  • #16,879
  • Feb 22, 2016 9:37am Feb 22, 2016 9:37am
Price is messing around with me now. I don't like what I see so I removes some risk
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If you fail to plan, you plan to fail.
  • #16,880
  • Feb 22, 2016 9:40am Feb 22, 2016 9:40am
Crap this market is dead.
If you fail to plan, you plan to fail.
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