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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

  • #17,521
  • Feb 29, 2016 10:35am Feb 29, 2016 10:35am
Update on the long
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If you fail to plan, you plan to fail.
  • #17,522
  • Feb 29, 2016 10:39am Feb 29, 2016 10:39am
Trail implemented locked in 20
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If you fail to plan, you plan to fail.
  • #17,523
  • Feb 29, 2016 10:50am Feb 29, 2016 10:50am
Quoting Mr. Pip
Well Traders a losing day for me. -70 points @ 15 contracts -$5,625
Bloody ell the wife would kill me. Been trading today as on holiday and made a profit: 6 winners 2 losers and a coupe of break evens EURCAD was kind
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  • #17,524
  • Feb 29, 2016 10:51am Feb 29, 2016 10:51am
Extended my profit target just in case 20 assured so we will see. I will update when I get back going to get something to eat with the wife. might end up with the 20 though
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If you fail to plan, you plan to fail.
  • #17,525
  • Feb 29, 2016 11:02am Feb 29, 2016 11:02am
Trail taken out made back 20 so down 49 for the day @ 15 contracts $-3685 Not too bad.
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If you fail to plan, you plan to fail.
  • #17,526
  • Feb 29, 2016 11:03am Feb 29, 2016 11:03am
Quoting Mr. Pip
Extended my profit target just in case 20 assured so we will see. I will update when I get back going to get something to eat with the wife. might end up with the 20 though {image}
Good luck, tell me do you take time of day into consideration? it is well known that the US exchanges regularly get a late in the day rally just to get a green close
  • #17,527
  • Edited 12:10pm Feb 29, 2016 11:38am | Edited 12:10pm
Quoting Harmonic1976
{quote} Your stops are way too tight, they really should be a little beyond the recent NSL or NSH (or at the very least below the recent HL or above the recent LH) this way you have room for the trade to breath. My biggest losses for the first few months in forex came from the stops being way too tight. Risk less and widen the stops and you'll see an immediate difference.
Thank you for your help. I put bigger stop loss (20-40 pips) last week and I did a lot of pips, then I am studying it.

I do not understand this: "they really should be a little beyond the recent NSL or NSH". Can you show me please?
EDIT: Sorry, I saw the graphics and I understand it.

However, I did a silly mistake today because I know that I should put the first entry's stop loss at least below the pinbar candle.

Thank you again.
  • #17,528
  • Feb 29, 2016 11:39am Feb 29, 2016 11:39am
ie: http://www.zerohedge.com/news/2016-02-29/usdjpy-spike-sparks-panic-buying-stocks-sp-green
  • #17,529
  • Edited 12:05pm Feb 29, 2016 11:52am | Edited 12:05pm
Quoting ujku80
{quote} you should understand that price rotation is not the only thing you should focus on, right? it's actually the last thing. First structure, then order flow (strength and weakness) then expectation zone in confluence with fib (minimum 38% retrace), then just wait for the beautiful bar to trigger entry....and SL should go below the zone or below 78.6% retracement of the swing, or below NSL or NSH if you happen to enter after a deep pullback. happy trading
Hello ujku80,

Yes, I understand it. I just wanted to mark where I entered.
However, I did a silly mistake with the first entry stop loss today

Thank you for your explanation.
  • #17,530
  • Feb 29, 2016 12:34pm Feb 29, 2016 12:34pm
Quoting Mr. Pip
Trail taken out made back 20 so down 49 for the day @ 15 contracts $-3685 Not too bad. {image}
Sorry to read (I know that you do let emotions come up at trading), but still sorry to read it.
  • #17,531
  • Feb 29, 2016 12:48pm Feb 29, 2016 12:48pm
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  • #17,532
  • Feb 29, 2016 12:53pm Feb 29, 2016 12:53pm
I had to go away for a bit but this is how the EURUSD trade played out. Original Target would have been hit had I not closed out early. Also a second opportunity presented itself and even though the bulls gained momentum they hit a wall at resistance and was rejected immediately. If anything this post analysis helps build more belief and confidence in the methodology and trusting that the expectation is in fact a NSL.
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  • #17,533
  • Feb 29, 2016 1:03pm Feb 29, 2016 1:03pm
Quoting gastonforex
{quote} Thank you for your help. I put bigger stop loss (20-40 pips) last week and I did a lot of pips, then I am studying it. I do not understand this: "they really should be a little beyond the recent NSL or NSH". Can you show me please? EDIT: Sorry, I saw the graphics and I understand it. However, I did a silly mistake today because I know that I should put the first entry's stop loss at least below the pinbar candle. Thank you again.
Yes, just place the stop a little above or below the structure high or structure low. If you place it under the swing itself you may be wrong with where the bottom of that swing is.... that market may be experiencing a complex correction. Had I placed my stop above where I thought the swing was, I would have been taken out. Leaving it above the HL, the trade would have had room to reach the expected New Structure Low. I added some notes to a trade I took earlier, hope this helps.
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  • #17,534
  • Feb 29, 2016 1:09pm Feb 29, 2016 1:09pm
Quoting rocky
{image}

Wow, two maestros at work in the same thread Damian and Rocky
It's a dirty job but someone's gotta do it!
  • #17,535
  • Feb 29, 2016 1:29pm Feb 29, 2016 1:29pm
Quoting evocpr19
{quote} Sorry to read (I know that you do let emotions come up at trading), but still sorry to read it.
I don't sweat it it's part of the business. Tomorrow will be a better day. Can't win all the time. Have keep the other fish in the game too.
If you fail to plan, you plan to fail.
  • #17,536
  • Feb 29, 2016 1:31pm Feb 29, 2016 1:31pm
Quoting rocky
{image}
Awesome Rocky you killed it.
If you fail to plan, you plan to fail.
  • #17,537
  • Feb 29, 2016 1:41pm Feb 29, 2016 1:41pm
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14:42 Hrs. Stopped out, it was a risky trade in a falling market.
  • #17,538
  • Feb 29, 2016 2:15pm Feb 29, 2016 2:15pm
Quoting LaBoca
{quote} Wow, two maestros at work in the same thread Damian and Rocky
Gracias!
If you fail to plan, you plan to fail.
  • #17,539
  • Feb 29, 2016 2:40pm Feb 29, 2016 2:40pm
Good Afternoon traders,

EURUSD - 15 Min

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  • #17,540
  • Feb 29, 2016 3:14pm Feb 29, 2016 3:14pm
Quoting Harmonic1976
{quote} Yes, just place the stop a little above or below the structure high or structure low. If you place it under the swing itself you may be wrong with where the bottom of that swing is.... that market may be experiencing a complex correction. Had I placed my stop above where I thought the swing was, I would have been taken out. Leaving it above the HL, the trade would have had room to reach the expected New Structure Low. I added some notes to a trade I took earlier, hope this helps. {image}
It helps me to view the point.
Thank you.
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