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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

  • #20,801
  • Oct 28, 2016 12:39am Oct 28, 2016 12:39am
Quoting Mr. Pip
{quote} Come one come all! Invite him if you know him I learn from you all as well believe it or now. No book has all the answers except for one .
Hi Mr. Pip

great to see you are back! Your lessons, guidelines and thought process has been a wonderful gift for my trading. Having a full time job is difficult for me to be in front of the screen but I will try to share my trades as well. Hopefully helping each other and supporting this great trading community you developed.
Your videos are awesome btw. Keep up this great work and never ever give up!
  • #20,802
  • Oct 28, 2016 12:50am Oct 28, 2016 12:50am
I have this short from yesterday. The rr is not good though.
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  • #20,803
  • Oct 28, 2016 2:14am Oct 28, 2016 2:14am
Quoting steos
I have this short from yesterday. The rr is not good though. {image}
Target achieved. profit: 50 pips
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  • #20,804
  • Oct 28, 2016 3:31am Oct 28, 2016 3:31am
Quoting rocky
{quote} {image} {image} {image} {image} Try to overlook my spelling mistakes. I've been up since 4 am.
Hey rocky,

after reading your thread I got into volume analysis and footprints a bit. Is there a reason, that you display the footprint bars the way you do and not, in our case in 233 tick bars? It would be easier to compare, no?
  • #20,805
  • Edited 4:33am Oct 28, 2016 4:19am | Edited 4:33am
Thank you for the replies Mr.Pip.

Looking at gold and dow for now, Later I wanna zero in on the dow.

GOLD, M1,

Action :- short
Entry :- 1266.89
SL :- 1267.90
TP :- 1265.12
RR :- 1.01/1.77

The momentum was good as per the previous move.
Taking the entry at the rotation at current levels.
Immediate structure to the downside
The Depth has become steeper and the current depth has a steeper move to the upside with a 786, this is a worry.
EXPECTATION IS A NSL

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update,

SL adjusted to BE

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Update,

am out at BE,

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I follow only one person and his strategies...
  • #20,806
  • Oct 28, 2016 5:36am Oct 28, 2016 5:36am
Quoting steos
I have this short from yesterday. The rr is not good though. {image}
Your 1st stop was a bit high. Here is the same chart with major ranges identified. You can use these ranges to set your stop at a key locations. I do not rade the DOW but this is where i would place my stops and entries:

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  • #20,807
  • Edited 7:31am Oct 28, 2016 6:26am | Edited 7:31am
GOLD, M1,

Action :- short
Entry :- 1266.71
SL :- 1267.60
TP :- 1265.15
RR :- 0.89/1.56

EXPECTATION IS A NSL

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update, price closes above, makes a nsh (more of a test), but am still in,

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Dear lord, but I had a TP order in place,

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closed
I follow only one person and his strategies...
  • #20,808
  • Edited 7:36am Oct 28, 2016 7:03am | Edited 7:36am
DJ30_Z6 M1

Action :- Buy
Entry :- 18110
SL :- 18069 ( worst comes to worst 18079, right below 786)
TP :- 18141
RR :- 41/31

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UPDATE,
SL ADJUSTED TO BE

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SL ADJUSTED TO 18116,

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TAKEN, CLOSED.
I follow only one person and his strategies...
  • #20,809
  • Oct 28, 2016 7:45am Oct 28, 2016 7:45am
DJ30_Z6 M1

Looking for a rotation. Hope my perspective as of now is okay.

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I follow only one person and his strategies...
  • #20,810
  • Edited 8:01am Oct 28, 2016 7:49am | Edited 8:01am
DJ30_Z6 M1

Action :- SELL
Entry :- 18090
SL :- 18121
TP :- 18056
RR :- 31/34

EXPECTATION IS A NSL

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STOPPED OUT

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I follow only one person and his strategies...
  • #20,811
  • Oct 28, 2016 7:51am Oct 28, 2016 7:51am
Quoting rocky
{quote} {image} {image} {image} {image} Try to overlook my spelling mistakes. I've been up since 4 am.
You went far beyond what I was asking for, I really appreciate you taking the time to post several charts with your comments.

I used your chart to make some comments as well. I understand looking for imbalances at the tops and bottoms of candles but not sure what info the middle of candles in the middle of a range tells you, if anything. Need to research these more to possibly add for sharper entries.

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  • #20,812
  • Oct 28, 2016 7:58am Oct 28, 2016 7:58am
Quoting Mack2013
{quote} good eye on that wedge. added confluence for sure
Thank you.

Unfortunately I did not let it run enough. For me it's easier to let fades of the overnight inventory run as the moves are usually large and swift.

I have an issue letting 'regular' trades run to their max potential, I have a more 'take what you got right now' mentality. I've gotten better at this over the duration of my involvement in this thread but you look at Damian's trades and when moves run he is cashing out big the vast majority of the time. I need take another look at my trail and psychology because cashing out on even one big run can erase or mitigate a bunch of losing trades.
  • #20,813
  • Oct 28, 2016 8:01am Oct 28, 2016 8:01am
Quoting rocky
{quote} {image}
Priceless and true Gurus that cant make money trading sell junk. Well put Rocky.
If you fail to plan, you plan to fail.
  • #20,814
  • Oct 28, 2016 8:04am Oct 28, 2016 8:04am
Quoting steos
{quote} Hi Mr. Pip great to see you are back! Your lessons, guidelines and thought process has been a wonderful gift for my trading. Having a full time job is difficult for me to be in front of the screen but I will try to share my trades as well. Hopefully helping each other and supporting this great trading community you developed. Your videos are awesome btw. Keep up this great work and never ever give up!
Thank you, I learn from you all as well. Thank you all for the support and contributions to the development of traders!
If you fail to plan, you plan to fail.
  • #20,815
  • Oct 28, 2016 8:20am Oct 28, 2016 8:20am
even though we do not have a NSH I took a long with US30 but managing the trade tightly. I have already placed my SL at BE.
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  • #20,816
  • Oct 28, 2016 8:33am Oct 28, 2016 8:33am
Quoting steos
even though we do not have a NSH I took a long with US30 but managing the trade tightly. I have already placed my SL at BE. {image}
stopped at BE
  • #20,817
  • Oct 28, 2016 9:08am Oct 28, 2016 9:08am
ES +5.75

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  • #20,818
  • Oct 28, 2016 11:30am Oct 28, 2016 11:30am
Quoting jmezz
{quote} Thank you. Unfortunately I did not let it run enough. For me it's easier to let fades of the overnight inventory run as the moves are usually large and swift. I have an issue letting 'regular' trades run to their max potential, I have a more 'take what you got right now' mentality. I've gotten better at this over the duration of my involvement in this thread but you look at Damian's trades and when moves run he is cashing out big the vast majority of the time. I need take another look at my trail and psychology because cashing out on even...
I feel you there. Sometimes I look back at the charts and noticed that I had a great entry for a 200+ move if I was willing to ride the bumps. Exits are way more complicated then entries especially emotionally. Its hard to know when to extend profits or just take profits because even with strength a move can reverse on any supply/demand level.

Personal, right now in my trading development, I'm just looking to win. Winning helps build my trading confidence and builds self esteem. later, I'll work on sucking every pip out like a vampire like Mr.Pip. we'll get there. (notice the Halloween reference. hehehe. I have no life )

I've heard that winning doesn't coincide with making money in this game. Higher Hit Rate = lower R:R , lower hit rate = higher R:R ..... I guess there's a 3rd too; any hit rate = losing. hahah!
  • #20,819
  • Oct 28, 2016 1:02pm Oct 28, 2016 1:02pm
US30 -89T

Not an impressive trade but a win
Missed the big drop assessing whether or no to enter. oh well

Edit. Original Target was it.

PS... Mr.pip is right. these new emoji's suck. not even animated

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  • #20,820
  • Oct 28, 2016 1:36pm Oct 28, 2016 1:36pm
YM +63

Ripping even more at the time of this post lol.

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