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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

  • #17,701
  • Mar 2, 2016 1:41pm Mar 2, 2016 1:41pm
Quoting Mr. Pip
Here is the trade management video. https://youtu.be/xjbp9CbEUlE
Brilliant . Winners are running and losers taken out. This method keeps us in the trade when we hit the big moves and want to take our profit premature. Very nice .
Was looking a little bit on the recording from the live session today. Look forward to look all of it later in the evening. I cheated and looked the end , anyway with this system in total I start to be confident that what you borrow to market one day or two or even more comes back and much more too. Just to be patient in the DD periods.

Very well done Mr Pip. Your videos and teaching process in total.

Thank you for sharing
Trading in the shadow of SM
  • #17,702
  • Mar 2, 2016 1:46pm Mar 2, 2016 1:46pm
Quoting AlexC
{quote} NFP on Friday is the big news mover. A lot of traders stay away the whole week! Nice trading Damian. Market is funky sometimes. But in the long run, the percentages are in our favor.
thx. Did not know that many stays away
  • #17,703
  • Mar 2, 2016 2:01pm Mar 2, 2016 2:01pm
Quoting AlexC
{quote} NFP on Friday is the big news mover. A lot of traders stay away the whole week! Nice trading Damian. Market is funky sometimes. But in the long run, the percentages are in our favor.
They are that's why I don't get too worked up about losses. Still some deep drilling might provide some insight three losing days is unlike me. But if everything was followed then it's next trade.
If you fail to plan, you plan to fail.
  • #17,704
  • Mar 2, 2016 2:01pm Mar 2, 2016 2:01pm
Quoting Earleone
{quote} Brilliant . Winners are running and losers taken out. This method keeps us in the trade when we hit the big moves and want to take our profit premature. Very nice . Was looking a little bit on the recording from the live session today. Look forward to look all of it later in the evening. I cheated and looked the end , anyway with this system in total I start to be confident that what you borrow to market one day or two or even more comes back and much more too. Just to be patient in the DD periods. Very well done Mr Pip. Your videos...
Thank you very much.
If you fail to plan, you plan to fail.
  • #17,705
  • Mar 2, 2016 2:03pm Mar 2, 2016 2:03pm
Quoting evocpr19
{quote} thx. Did not know that many stays away
I never have. Use caution on NFP day but not much more. My session occurs after the fact anyway.
If you fail to plan, you plan to fail.
  • #17,706
  • Edited 4:48pm Mar 2, 2016 2:10pm | Edited 4:48pm
Mr. Pip. I watched the first video concerning structure, and that alone has positively affected my training. I'm looking forward to watching everything else and learning
the rest of what you have to teach but was finding it difficult to scour through all of the pages.

Everybody's questions and your answers on the following posts are very helpful, but I still prefer to get your core lesson first, and then review comments if necessary.

So I went ahead and compiled the lessons with links to the videos if necessary, and I believe that a lot of the other traders could benefit from it as well. They are currently in my Evernote account but a person would need a (free) Evernote account to view them.

I don't mind posting them to another Forum Post, similar to what kilian19 originally did if you prefer but I can't promise that I could keep it updated, Although it could be a community effort. A Forum Post that has few or no comments just the new lesson perhaps...

Anyway, if you are ok with either of those options or something else entirely, please let me know.

Here is a table of contents of sorts as to the pages where the lessons can be found:

Ratios & Harmonics: a Different Way to Trade - Page 785
Ratios & Harmonics: a Different Way to Trade - Page 785
Ratios & Harmonics: a Different Way to Trade - Page 802
Ratios & Harmonics: a Different Way to Trade - Page 803
Ratios & Harmonics: a Different Way to Trade - Page 815
Ratios & Harmonics: a Different Way to Trade - Page 819
Ratios & Harmonics: a Different Way to Trade - Page 819
Ratios & Harmonics: a Different Way to Trade - Page 822
Ratios & Harmonics: a Different Way to Trade - Page 831
Ratios & Harmonics: a Different Way to Trade - Page 831
Ratios & Harmonics: a Different Way to Trade - Page 840
Ratios & Harmonics: a Different Way to Trade - Page 840
Ratios & Harmonics: a Different Way to Trade - Page 847
Ratios & Harmonics: a Different Way to Trade - Page 848
Ratios & Harmonics: a Different Way to Trade - Page 854
Ratios & Harmonics: a Different Way to Trade - Page 864
Ratios & Harmonics: a Different Way to Trade - Page 864
Ratios & Harmonics: a Different Way to Trade - Page 869
Ratios & Harmonics: a Different Way to Trade - Page 870
Ratios & Harmonics: a Different Way to Trade - Page 882


Here is the link to the Evernote Folder You may need a (Free) Evernote account: https://www.evernote.com/pub/fitnesscoach/mr.pipsforextradingsystem

Here is a direct link to a playlist of the video lessons: https://www.youtube.com/playlist?list=PL52TvvNpkFkCiQb5sd4xXMl0kaaZX8H3h


Hope this helps somebody. And Thanks for what you are doing here.
  • #17,707
  • Mar 2, 2016 2:41pm Mar 2, 2016 2:41pm
[quote=Mr. Pip;8720113 ... Week 1: Video on Structure Analysis and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice. Week 2: Video on Order Flow and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice. Week 3: Video on Bar by Bar and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice. Week 4: Video on Market Harmonics, on Monday and the rest of the week to post charts and discussions on the topic and to practice. Week 5: Video on putting all together, on Monday and the rest of the week to post charts and discussions on the topic and to practice. One lesson will build on the last and from week 1 on the lesson of Structure Analysis alone you will already see a huge turning point and be able to identify and take profitable trading opportunities. What are your thoughts?[/quote]

Damian, did we skip the video on Market Harmonics or is that next?
  • #17,708
  • Mar 2, 2016 3:01pm Mar 2, 2016 3:01pm
Quoting AlexC
{quote} Damian, did we skip the video on Market Harmonics or is that next?
That is next. Just had to cover some of the subjects through a few videos to keep them short.
If you fail to plan, you plan to fail.
  • #17,709
  • Mar 2, 2016 3:10pm Mar 2, 2016 3:10pm
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  • #17,710
  • Mar 2, 2016 3:34pm Mar 2, 2016 3:34pm
Quoting csdoespips
Mr. Pip. I watched the first video concerning structure, and that alone has positively affected my training. I'm looking forward to watching everything else and learning the rest of what you have to teach but was finding it difficult to scour through all of the pages. Everybody's questions and your answers on the following posts are very helpful, but I still prefer to get your core lesson first, and then review comments if necessary. So I went ahead and compiled the lessons with links to the videos if necessary, and I believe that a lot of the other...
Thank you for doing this it's very thoughtful of you. If you can keep it updated then whatever is easier for you. You are the boss.
If you fail to plan, you plan to fail.
  • #17,711
  • Mar 2, 2016 3:39pm Mar 2, 2016 3:39pm
Quoting rocky
{image}
Thanks Rocky Not worried at all but DD always feels like a kick in the gut nothing a couple of good days won't fix. It's all good, in a way it shows others how real this is and how losses are handles and that I am completely transparent. This is as real as it gets. Nice day for you congrats!
If you fail to plan, you plan to fail.
  • #17,712
  • Mar 2, 2016 3:41pm Mar 2, 2016 3:41pm
45 pips from usdcad using your method, Cheers Mr Pips
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  • #17,713
  • Mar 2, 2016 3:46pm Mar 2, 2016 3:46pm
Quoting Ren1058
45 pips from usdcad using your method, Cheers Mr Pips {image}
If you fail to plan, you plan to fail.
  • #17,714
  • Mar 2, 2016 4:07pm Mar 2, 2016 4:07pm
Quoting Mr. Pip
{quote} Thanks Rocky Not worried at all but DD always feels like a kick in the gut nothing a couple of good days won't fix. It's all good, in a way it shows others how real this is and how losses are handles and that I am completely transparent. This is as real as it gets. Nice day for you congrats!
I think the biggest lesson that goes beyond your methodology is how you are handling these losing days. Watching in your live videos how you move from a loss to taking the next trade (seemingly detached from the result of the first) and many times coming back with profit has been inspiring.

When I'm doing misreads or having bad trades, just following in your footsteps has helped minimize losing days or turning them into a little profit.

I am starting to see why having belief and confidence in your methodology is the guiding light.. because time and time again it proves itself overall... and losses can and will be erased.

Thanks for being transparent and teaching us all the lessons to be successful... especially that losing is part of the process.
  • #17,715
  • Mar 2, 2016 4:31pm Mar 2, 2016 4:31pm
Quoting Harmonic1976
{quote} I think the biggest lesson that goes beyond your methodology is how you are handling these losing days. Watching in your live videos how you move from a loss to taking the next trade (seemingly detached from the result of the first) and many times coming back with profit has been inspiring. When I'm doing misreads or having bad trades, just following in your footsteps has helped minimize losing days or turning them into a little profit. I am starting to see why having belief and confidence in your methodology is the guiding light.. because...
If you fail to plan, you plan to fail.
  • #17,716
  • Mar 2, 2016 5:49pm Mar 2, 2016 5:49pm
This live trade video cm be one of the most important video to watch. DD occurs and it's real, it's important to learn how we handle it emotionally and in terms of money management
  • #17,717
  • Mar 2, 2016 6:06pm Mar 2, 2016 6:06pm
Let us know if you found any mistakes last 3 days. What I saw is chasing 2 aggressive trades above 0.382 and 1 missed profitable trade because you were on the phone.
  • #17,718
  • Mar 2, 2016 6:19pm Mar 2, 2016 6:19pm
Quoting Mr. Pip
Here is the link so that you can start getting on I will turn on the live stream at 0900. http://www.youtube.com/channel/UCw8CjBPrQlRH7jbiRbQcc1w/live
Hey Damian,

Thanks for taking the time to do this live trading session. Unfortunately I will not be able to watch any live due to work but was able to watch this evening. Unfortunate on the losses but watching you trade is a massive help, how you analyze the chart real time, what you look at and your decision making skills!!

Best day of me week today with 3 trades. Apologies for the chart, trying to get something easy to work with and show my trades

Trade 1 - This was off an area you talk about on your chart as a correction zone, I went short following the large bear candle, in line with OF and trailed quite aggressively. SL was taken out for a 26 pip gain, would have gone for more as only touched my SL and then continued down a bit further, but still a good win.

Trade 2 - Following breakdown in price, short term was telling me it was going to go up, most likely on a correction, so I made the trade, knowing to manage tightly. I moved to BE quickly and then moved it up with each candle, eventually taken out for 9 pips.

Trade 3 - Volatility hit following news so I stayed away from the markets for a while and waited until I got home from work, where I normally move to 1 min charts. Price struggled to hit the highs following news and there was a strong indication to sell, which was in line with my expectation of a range market or and move down. Took the trade and managed tightly again as price broke quickly. didn't expect to get as much as I did off this and could have gotten more but exited on the next candle for another 22 pips.

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+57 pips on the day, all down to your teachings Damian, this little recap of method training suggested by devontrader is helping massively
  • #17,719
  • Mar 2, 2016 7:36pm Mar 2, 2016 7:36pm
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  • #17,720
  • Mar 2, 2016 7:54pm Mar 2, 2016 7:54pm
Super trading there Rocky!

Damian, thanks for the live session yesterday. As most of the guys have said, it was very educational despite the losing day, since seeing how a professional handles losses is so much more valuable than a string of easy wins!
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