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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

  • #17,601
  • Mar 1, 2016 9:25am Mar 1, 2016 9:25am
Almost got stopped out on the third and final trade of the day let's see if the ship can turn around on this trade? I will do a post analysis video of the session and then make another on the trade management and entries.
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If you fail to plan, you plan to fail.
  • #17,602
  • Mar 1, 2016 9:26am Mar 1, 2016 9:26am
Trail initiated
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If you fail to plan, you plan to fail.
  • #17,603
  • Mar 1, 2016 9:27am Mar 1, 2016 9:27am
Quoting Mr. Pip
{quote} Not in the last couple of days. It's hurting me fierce.
Form is temporary, class is permanent.
  • #17,604
  • Mar 1, 2016 9:31am Mar 1, 2016 9:31am
Locked in some more. Let's see if she gives me more
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If you fail to plan, you plan to fail.
  • #17,605
  • Mar 1, 2016 9:33am Mar 1, 2016 9:33am
Quoting Mr. Pip
{quote} And cost me big bucks
It comes back. But not nice when in DD .
Has you looked any statistics for your trading for last day of month / 1 day of month and mondays / fridays. If it is difference to the rest of month / weekdays.
Trading in the shadow of SM
  • #17,606
  • Mar 1, 2016 9:36am Mar 1, 2016 9:36am
Locked in 40 interacting with the RN and yesterday's highs
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If you fail to plan, you plan to fail.
  • #17,607
  • Mar 1, 2016 9:45am Mar 1, 2016 9:45am
Quoting Earleone
{quote} It comes back. But not nice when in DD . Has you looked any statistics for your trading for last day of month / 1 day of month and mondays / fridays. If it is difference to the rest of month / weekdays.
No haven't done that I trade every day so I don't see myself not trading because it's the 1 of the month. I string losses like anyone else. It happens I don't get concerned about it. But I don't like to loss. I might end up with 40 points here price is coming closer to my trail. I hope I can survive I would like to end up erasing the losses from today and putting a dent in yesterday. We are managing the trade without emotion. Letting the market decide how much I take back from what I have given her in the last couple of days.
If you fail to plan, you plan to fail.
  • #17,608
  • Mar 1, 2016 9:46am Mar 1, 2016 9:46am
Nice trade, I have one to UJ, NSH , small correction 38
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Even though I walk through the darkest valley, I will fear no evil
  • #17,609
  • Mar 1, 2016 9:49am Mar 1, 2016 9:49am
Quoting Mr. Pip
Locked in 40 interacting with the RN and yesterday's highs {image}
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  • #17,610
  • Mar 1, 2016 9:50am Mar 1, 2016 9:50am
+40 taken on trail Let's see if there is another opportunity
If you fail to plan, you plan to fail.
  • #17,611
  • Mar 1, 2016 9:52am Mar 1, 2016 9:52am
Quoting rocky
{quote} {image}
Beautiful work Rocky! Great surfing!
If you fail to plan, you plan to fail.
  • #17,612
  • Mar 1, 2016 10:04am Mar 1, 2016 10:04am
I'm going to review my trades and make that video but trying to post live and keep up is very distracting so I may just post my end of session chart with all the trades like Rocky does.
If you fail to plan, you plan to fail.
  • #17,613
  • Mar 1, 2016 10:11am Mar 1, 2016 10:11am
Quoting rocky
{quote} {image}
Well, that could be a reason why she doesn't hang out with me anymore. She has become your bitch. And doesnt like my face anymore. That stupid YM.
  • #17,614
  • Mar 1, 2016 10:20am Mar 1, 2016 10:20am
Quoting Mr. Pip
I'm going to review my trades and make that video but trying to post live and keep up is very distracting so I may just post my end of session chart with all the trades like Rocky does.
Maybe post live trades once or twice a week. Everyday seems like hassle. Maybe like post live trades every Tuesday and Thursday or something like that.
  • #17,615
  • Mar 1, 2016 10:21am Mar 1, 2016 10:21am
Here are my last two trades for the day on the EURUSD 166tick. I had 3 break evens. All of which was my fault, I didn't trail the stops actively enough. You can see in the first trade on the chart, that was my 3rd break even for the day. The last trade on the chart was where I hit my take profit for the day. Risk was just short of 1% balance, gain was just short of 2%. I actually trade with 2 accounts, so my other smaller account gained 2.5% (the trades are slightly bigger there for its size because there is a minimum lot size on that account)... Anyways, enjoy.

*** Let me reiterate in more detail the situation here. The trading system Mr. Pip is teaching us, gave me 100% accuracy today. None of the 4 trades went to hit my stop loss. Of the 3 break evens, 2 of them I got "scared" that price might go against me, and I bailed out early. The 3rd, I didn't trail my stop properly. And only on the 4th trade of the day did I finally get all of the pieces right (my emotions included). What I can say with certainty here is this: The system works! ;-)

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Markets can remain irrational longer than you can remain solvent - JMK
  • #17,616
  • Mar 1, 2016 10:28am Mar 1, 2016 10:28am
I broke my own rules, despite writing about it yesterday.

Apart from the one trade this morning where i was stopped out, i shot my self in the foot over and over and over! lol

The good thing, is that the direction of the trades is pretty much spot on! Although i could have had a really good day today, I had a rubbish day!

Stops were put in at the right place to start with, but took the risk out FAR to early... I was in the 40 pip trade that Mr P was in earlier, however took about 8 pips instead...
  • #17,617
  • Mar 1, 2016 10:37am Mar 1, 2016 10:37am
Quoting Mr. Pip
Damn The market is making me look bad LOL. {image}
Mr Pip, correct me if i'm wrong but it looks like you violated your own rules on this trade by chasing the price instead of letting the market come to you and you shouldn't have entered short yet, 1- it is against the expectation, 2- too close to support and the HL structure not broken yet.
  • #17,618
  • Mar 1, 2016 10:44am Mar 1, 2016 10:44am
Quoting Mr. Pip
I'm going to review my trades and make that video but trying to post live and keep up is very distracting so I may just post my end of session chart with all the trades like Rocky does.
Sounds good to me...
  • #17,619
  • Mar 1, 2016 10:52am Mar 1, 2016 10:52am
UJ closed +74 pips, 15 more pips to target, but it reached daily ATR, not sure if it gonna reach target

Gave to market 0,5%, one day he will return a favor
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Even though I walk through the darkest valley, I will fear no evil
  • #17,620
  • Mar 1, 2016 10:55am Mar 1, 2016 10:55am
Quoting Georji
{quote} Mr Pip, correct me if i'm wrong but it looks like you violated your own rules on this trade by chasing the price instead of letting the market come to you and you shouldn't have entered short yet, 1- it is against the expectation, 2- too close to support and the HL structure not broken yet.
I just made a video a short one on the post session examination that discusses each trade it's short about 5 -10 min.
If you fail to plan, you plan to fail.
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