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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

  • #17,641
  • Mar 1, 2016 2:24pm Mar 1, 2016 2:24pm
Quoting Mr. Pip
Here is the trade management video. https://youtu.be/xjbp9CbEUlE
great video Damian. Great Great!!! period. I believe the live session tomorrow will be even better than the playback session.

Learning all the technicals (structure, order flow, fibs, ratios etc) is like learning the technical part on how to drive a car.. where is the gear, clutch, brakes, mirrors. Learning how the car operates, starting the engine, putting the gear on doesn't make you a driver. You need to learn the quality of driving, which is cooperating with other vehicles on the road, how to enter in highway, how to give way, how to deal in crossroads etc etc... Which in our case is trade management, SL and TP location, trailing, and how to put everything into practice in the most effective and efficient way. Which we learn from videos like the last one, and live trades that you show us here. These are extremely important and powerful. So, thank You again for all this work and dedication.
All the best my friend!
  • #17,642
  • Mar 1, 2016 2:26pm Mar 1, 2016 2:26pm
Quoting Mr. Pip
Here is the session examination video. https://youtu.be/vcL4C4-dPIc
Thank you Mr.Pip. I do similar trade reviews and keep them in a binder on my desk. trying to learn from my mistakes.

I do agree with you. Live calls are nice but don't feel obligated to make them. we don't pay your bills. I too make mistakes when I'm not focused. So I total understand.
  • #17,643
  • Mar 1, 2016 2:29pm Mar 1, 2016 2:29pm
Quoting rocky
{image}
why against trend rocky? well, u're probably long now...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 01_03_2016_late trade.jpg Size: 100 KB
  • #17,644
  • Mar 1, 2016 2:32pm Mar 1, 2016 2:32pm
Quoting ujku80
{quote} don't make the mistake of assuming trend change before it really happens. those impulses up could be tricks. banks and fat cats dont like to have everyone in their direction. Most of the time, the trend will continue more than what people think.
I agree. I'm still expecting some bearish pressure and a weak NSL its just the probability of it has diminished a bit and I wouldn't be surprised at a NSH. I guess maybe i am a little conflicted haha. I'll be monitoring bar by bar for confirmation for a push south.
  • #17,645
  • Mar 1, 2016 2:44pm Mar 1, 2016 2:44pm
Quoting Mack2013
{quote} I agree. I'm still expecting some bearish pressure and a weak NSL its just the probability of it has diminished a bit and I wouldn't be surprised at a NSH. I guess maybe i am a little conflicted haha. I'll be monitoring bar by bar for confirmation for a push south.
now it's late...it's not a good market to trade this one. tomorrow we have some news which will bring fresh money into the pair. I'm aware of the strength that the bulls are putting here, but nevertheless, any time they come up, they are pushed back by the bears. we could see a nice spike up tomorrow up to that 1.0915 (remember this number) level and then trend continuation to the down side...
  • #17,646
  • Mar 1, 2016 4:44pm Mar 1, 2016 4:44pm
Great videos Mr.pip.!
i admire your confidence,and the faith that your plan will have a positive result in the end,even when you have a bad day as today..

Just a question about something you have covered but haven' t understand it well

What are the characteristics of a rotation candle??
learn more , earn more
  • #17,647
  • Mar 1, 2016 4:47pm Mar 1, 2016 4:47pm
Quoting rocky
{quote} {image} As not to cause any confusion with Damian's method, I will delete this post in a few hours.
Lol, yeah I have no idea what that all means, looks interesting though, I like numbers :nerd:
  • #17,648
  • Mar 1, 2016 4:51pm Mar 1, 2016 4:51pm
Quoting PipTrendz
{quote} Lol, yeah I have no idea what that all means, looks interesting though, I like numbers :nerd:
Real volume, not ticks .
Trading in the shadow of SM
  • #17,649
  • Mar 1, 2016 5:08pm Mar 1, 2016 5:08pm
Quoting Mr. Pip
Here is the trade management video. https://youtu.be/xjbp9CbEUlE
Thanks for the video looks good.

From the video, do you usually wait until about a 1.27 extension to move the trade to break even then?
  • #17,650
  • Mar 1, 2016 5:12pm Mar 1, 2016 5:12pm
Quoting GnG
Great videos Mr.pip.! i admire your confidence,and the faith that your plan will have a positive result in the end,even when you have a bad day as today.. Just a question about something you have covered but haven' t understand it well What are the characteristics of a rotation candle??
We will have plenty of time and examples during the stream tomorrow make sure you are there.
If you fail to plan, you plan to fail.
  • #17,651
  • Mar 1, 2016 5:14pm Mar 1, 2016 5:14pm
Quoting tatts2020
{quote} Thanks for the video looks good. From the video, do you usually wait until about a 1.27 extension to move the trade to break even then?
Only when my enterence doesn't give me enough to room. I like to get to a Breakeven at the test of structure. You will see tomorrow.
If you fail to plan, you plan to fail.
  • #17,652
  • Mar 1, 2016 5:15pm Mar 1, 2016 5:15pm
Dear Mr. Pip,

Dow was at start a little bit like rodeo. With regard to my trading today, I could do +24 points, but my trading style was rubbish. Moreover, I missed the entry for the last bull run (in your case it was the phone; in my case it was my boss).
The big moves in both direction triggered my instinct (feeling) to decide what to do, this should not happen.

Thank you for the videos. This helps as always.
  • #17,653
  • Mar 1, 2016 5:17pm Mar 1, 2016 5:17pm
Quoting Mr. Pip
{quote} We will have plenty of time and examples during the stream tomorrow make sure you are there.
learn more , earn more
  • #17,654
  • Mar 1, 2016 5:27pm Mar 1, 2016 5:27pm
Quoting Mr. Pip
{quote} We will have plenty of time and examples during the stream tomorrow make sure you are there.
Back from vacation and up to speed on all the videos. Great Job Mr Pip. Looks like a large number of traders are getting it.

My 2 week vacation and meeting someone very special has re energized my attitude towards trading.
Really looking forward to tomorrow and getting back to trading.
Barry
  • #17,655
  • Mar 1, 2016 5:37pm Mar 1, 2016 5:37pm
Quoting Bary
{quote} Back from vacation and up to speed on all the videos. Great Job Mr Pip. Looks like a large number of traders are getting it. My 2 week vacation and meeting someone very special has re energized my attitude towards trading. Really looking forward to tomorrow and getting back to trading.
Awesome Barry glad you got back ok. I'll spill the beans it was great netting you and your lovely wife. Those ribs were great. Really looking forward to tomorrow. We are going to have a blast. Hopefully everything works fine.
If you fail to plan, you plan to fail.
  • #17,656
  • Mar 1, 2016 5:56pm Mar 1, 2016 5:56pm
Quoting Bary
{quote} Back from vacation and up to speed on all the videos. Great Job Mr Pip. Looks like a large number of traders are getting it. My 2 week vacation and meeting someone very special has re energized my attitude towards trading. Really looking forward to tomorrow and getting back to trading.
Awesome Barry glad you got back ok. I'll spill the beans it was great meeting ting you and your lovely wife. Those ribs were great. Really looking forward to tomorrow. We are going to have a blast. Hopefully everything works fine.
If you fail to plan, you plan to fail.
  • #17,657
  • Mar 1, 2016 5:57pm Mar 1, 2016 5:57pm
Quoting Mr. Pip
{quote} Only when my enterence doesn't give me enough to room. I like to get to a Breakeven at the test of structure. You will see tomorrow.
Thanks will keep an eye out.
  • #17,658
  • Mar 2, 2016 2:47am Mar 2, 2016 2:47am
Hi Damian,

Great videos by the way! I have a question if that is ok... Around 10:00 in the trade management video, you took a short without making a NSL I think as price tested the lows and you believed it to be weak from a bullish standpoint, hence the short. Is this something you do often, or do you usually wait for a NSL to form beforehand?

Also, regarding structure analysis (see attached chart), I am a little unsure as to whether this would be a NSH here? At point 1 I marked the candle body and price to the right closed above it, yet at point 2, the high of the candle, which you can see price failed to close above. Therefore, does price need to close above the candle body or the candle wick to become a NSH? I have watched the vids, so I am sorry if I missed this...
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-03-02_15-42-26.jpg Size: 98 KB
  • #17,659
  • Mar 2, 2016 3:10am Mar 2, 2016 3:10am
Looking at the YM today, here is what I see:

Projection, overall, weak as price advanced north. Momentum,
as far as I can see, was pretty much even throughout and depth decreased slightly
on the last leg prior to the hail mary rally before dropping to
test structure lows, which then followed
with price dropping like a stone likely on the
back of news...

So where do we go from here? Well, I believe a NSL is logical and seeing as the
NSL is fairly aggressive, a weak pullback could be on the cards. The 2 structures
marked on the chart is where I am watching for the bears to show...

Anyone seeing different?
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 132 KB
  • #17,660
  • Mar 2, 2016 3:20am Mar 2, 2016 3:20am
short on YM M1, hope to get BE soon
Attached Image (click to enlarge)
Click to Enlarge Name: 20160302-xcrs-150kb.jpg Size: 151 KB
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