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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

  • #19,301
  • May 4, 2016 12:49am May 4, 2016 12:49am
Target hit
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  • #19,302
  • Edited 1:52am May 4, 2016 12:54am | Edited 1:52am
Long USDCAD (Again) (Edit; out flat)
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  • #19,303
  • May 4, 2016 12:59am May 4, 2016 12:59am
Short GBPUSD
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  • #19,304
  • May 4, 2016 1:17am May 4, 2016 1:17am
GBPUSD stopped on trail for 13 pips
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  • #19,305
  • May 4, 2016 2:36am May 4, 2016 2:36am
Hi all,
EU expectation in my view is for NSL , so i entered short @ 1.1494 after rejection in above structure area, sl slightly above 61.8% @ 1.1519

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  • #19,306
  • May 4, 2016 2:41am May 4, 2016 2:41am
Quoting skyline
Hi all, EU expectation in my view is for NSL , so i entered short @ 1.1494 after rejection in above structure area, sl slightly above 61.8% @ 1.1519 {image}

vade retro!!! mi stai tirando contro :-D

i have opposite view friend

78% fibo retracement long
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  • #19,307
  • May 4, 2016 3:01am May 4, 2016 3:01am
Quoting pinux76
{quote} vade retro!!! mi stai tirando contro :-D i have opposite view friend 78% fibo retracement long {image}
eheh Ciao Pino , that's because we are using different swing for high/low fibo retracement.
I usually pick more recent swing high/swing low without going too much back in the past that is how MrPip showed in his video

Maybe we can both end with a profitable trade , who knows
  • #19,308
  • Edited 3:34am May 4, 2016 3:12am | Edited 3:34am
Quoting skyline
{quote} eheh Ciao Pino , that's because we are using different swing for high/low fibo retracement. I usually pick more recent swing high/swing low without going too much back in the past that is how MrPip showed in his video Maybe we can both end with a profitable trade , who knows

loss out - 25 pips
avanzo una birra

stopped perfectly and bounce hihi
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  • #19,309
  • May 4, 2016 3:34am May 4, 2016 3:34am
Quoting pinux76
{quote} loss out - 25 pips avanzo una birra stopped perfectly and bounce hihi {image}
lol
  • #19,310
  • May 4, 2016 5:35am May 4, 2016 5:35am
Quoting jmezz
{quote} I wouldn't have taken either one of those longs. I wouldn't have taken #1 because it did not even reach the 38.2, so that right there disqualifies the swing for me. I most likely would not have taken #2 either (regardless of the fact it's a 1:1 completion) because it didn't retrace as far as I like. From my experience with abcd's and harmonics, trying to trade reversals at the 38.2 is just not high enough odds for me. Just my personal opinion. I know some people in this thread trade them just fine, I think MJ takes them from the 38.2 quite...
First of all: thank you very much for your input!

I wholeheartedly agree about the tick-charts, but I have not yet found a reliable broker who offers them. I am also looking into trading futures, but also not sure what would be a good broker for that. i do not want to make this a discussion about brokers neither, so we will see, if I can make that transition or will have to stick with time based charts. It should not keep me from becoming profitable, even if tick-charts are an advanteage is my opinion.

I also think, that if I used all my knowledge perfectly I should be break-even or a small winner even, what is keeping me back is my impatience and lack of diligence. I am fighting these inner demons with all my might.

Thank you for the tipp with reading this thread from the last time Mr. Pip rejoined. It is very helpful indeed. I watched all the videos at least twice and am picking up something new everytime, but it gets a bit boring too and hard to concentrate atm.

I stand by taking the first entry, I think. I amdit, that the bears were correcting violently, but the price action was so nice and the depth of the correction in line with my order flow analysis. But yeah, it is definitely higher risk. Not taking these too often.

I am not sure about the 2nd one. Price was breaking down and we got a decent rotation.

I actually took a short trade from your 61% Fib and it was a very nice trade, but overall I am trading badly these days. So unconcentrated and it is all my own weakness. I am a bit mad with myself.
  • #19,311
  • May 4, 2016 5:40am May 4, 2016 5:40am
Quoting stavrogijn
{quote} First of all: thank you very much for your input! I wholeheartedly agree about the tick-charts, but I have not yet found a reliable broker who offers them. I am also looking into trading futures, but also not sure what would be a good broker for that. i do not want to make this a discussion about brokers neither, so we will see, if I can make that transition or will have to stick with time based charts. It should not keep me from becoming profitable, even if tick-charts are an advanteage is my opinion. I also think, that if I used all my...
You can try fxcm !!!

double your demo first
Even though I walk through the darkest valley, I will fear no evil
  • #19,312
  • May 4, 2016 5:46am May 4, 2016 5:46am
My expectation was a NSH On USDJPY. I ended up leaving the house so I was being conservative with my TP. Price ended up reversing right were I put my TP.
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Damn The Torpedoes, Full Speed Ahead!
  • #19,313
  • Edited 6:41am May 4, 2016 6:03am | Edited 6:41am
shorted the DAX at the first bounce off the 23.6 after the channel breakout.
going well so far. +30 points

edit : closed +22.5
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  • #19,314
  • May 4, 2016 6:11am May 4, 2016 6:11am
Quoting stavrogijn
{quote} First of all: thank you very much for your input! I wholeheartedly agree about the tick-charts, but I have not yet found a reliable broker who offers them. I am also looking into trading futures, but also not sure what would be a good broker for that. i do not want to make this a discussion about brokers neither, so we will see, if I can make that transition or will have to stick with time based charts. It should not keep me from becoming profitable, even if tick-charts are an advanteage is my opinion. I also think, that if I used all my...
FXCM has a range chart option I have the indicator that I use for it if you want it it's on the tradestation not mt4
  • #19,315
  • May 4, 2016 6:12am May 4, 2016 6:12am
looking to short once gartley completes.
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  • #19,316
  • May 4, 2016 6:21am May 4, 2016 6:21am
Hi All,

Need some help understanding Mr Pips smooth ratio money manager.

Does anyone know what the purpose of the minimum value is? I've tried changing this value but this does not have any impact on the rest of the spreadsheet (I could be totally wrong here). Please help. Thanks.
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Attached File(s)
File Type: xls DCASTFX_money_management_spreadsheet.xls   355 KB | 456 downloads
  • #19,317
  • May 4, 2016 7:12am May 4, 2016 7:12am
4min until Red news (Non Fam Employement change; US)
  • #19,318
  • May 4, 2016 7:32am May 4, 2016 7:32am
EURUSD 15M

Expectation nsh

Currently on a very deep retracement

Still waiting for a good entry

Brake below 1.1450 area will change my expectation to nSL
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  • #19,319
  • May 4, 2016 7:49am May 4, 2016 7:49am
YM this morning

Another heavily short ON session so am still on squeeze watch.

Long term order flow is down and expectation is NSL.

Short term trying to correct.
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  • #19,320
  • May 4, 2016 7:58am May 4, 2016 7:58am
Quoting liemo
Hi All, Need some help understanding Mr Pips smooth ratio money manager. Does anyone know what the purpose of the minimum value is? I've tried changing this value but this does not have any impact on the rest of the spreadsheet (I could be totally wrong here). Please help. Thanks. {image} {file}
The 'minimum' value is the value you want the fr/sr ratios to start kicking in.

So for example, if you start with $10,000 and set your minimum to $5,000, the fr/sr ratios will not start updating until you reach $15,000 account value.
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