Ratios & Harmonics: a Different Way to Trade

Quoting Sakeplz

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{quote} Thank you for your analysis. Maybe I should had zoom out my chart and looked at the bigger picture and mark the market structure correctly. I think my win earlier today cause me to be over confident and trigger happy. The 1st trade was a long trade that got stopped out and the 2nd attempt trade was a short when I thought that price made a NSL. The chart can be confusing cause it show my profit and loss history, maybe I should disable that when posting a chart.

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Quoting Masterrmind

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{quote} I've deleted my post. I should look more closely at the direction of your entry arrows and not simply their color (all red in this case) .... my apologies. In trade 1 you are right to go long but where did you have your stop? In trade 2 you were right to go short in terms of short term order flow but try to get the probability on your side by aligning S/T with L/T as this will produce on average far more winning trades (at least based on expectancy anyway). Losses are also part of trading so provided you are not over-leveraged and risking...

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Quoting Harmonic1976

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Trading the Asian session can be like watching paint dry!!

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Quoting Harmonic1976

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Trading the Asian session can be like watching paint dry!!

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Quoting Sakeplz

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{quote} {image} For my first trade, I went long at the arrow and I got stop out at the blue horizontal line on the chart. I usually risk 1% and a little under 2% on all my trade, never more than that. You never know if someday you have 5 loss in a row. And I just graduate from college working a crappy part-time job so I can't afford to risk that much.

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Quoting Masterrmind

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{quote} Yes looks like you were just unfortunate to be taken out as the bears took price just below your stop level and then the bulls took charge. Plenty of money in the trading account certainly makes life and trading easier however, if you are very very strict on MM and risk and you master this method your account should grow very very nicely indeed. Its not entirely related to your starting balance but how effectively and carefully you can grow your account by applying sound trading decisions. Masterrmind...........

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Quoting Harmonic1976

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Looking to go long on USDJPY {image}

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Quoting Sakeplz

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{quote} Yea, sometime that just happen. I learn to let it go and don't let a single trade affect me. I learn my lesson when my account took a 10% draw down from a single trade when I was emotional. I tried to trade mechanically and think in probability.

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Quoting x3m-PippiN

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6J (JPY/USD) 144 volume chart {image} {image}

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Quoting Masterrmind

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USDJPY [M5 Chart] Not sure if I'll trade this pair but certainly worth a look. Could look for an entry long at market or wait for price to drop a bit lower to the 127.2 level shown on the chart. But its not the simplest setup in my opinion. {image} Observation time including analyzing other pairs. Masterrmind............

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Quoting Masterrmind

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{quote} UJ {image} Like to go long however S/T order flow is clearly down. Decision time! Masterrmind............

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Quoting Masterrmind

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{quote} UJ {image} Grabbed another 2.5 pips. Idea is to wait for price to retest the lower levels (if it does) and then go for more pips. TP was set just under the 61.8 retracement of the current leg in confluence with structure (upper shelf) shown by the dark blue horizontal line. Masterrmind.........

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