If you fail to plan, you plan to fail.
Ratios & Harmonics: a Different Way to Trade
- #21,521
- Nov 18, 2016 10:16am Nov 18, 2016 10:16am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
- #21,522
- Nov 18, 2016 10:22am Nov 18, 2016 10:22am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,523
- Nov 18, 2016 10:27am Nov 18, 2016 10:27am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,524
- Nov 18, 2016 10:32am Nov 18, 2016 10:32am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,525
- Nov 18, 2016 10:37am Nov 18, 2016 10:37am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,526
- Edited 11:35am Nov 18, 2016 11:20am | Edited 11:35am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
- #21,527
- Nov 18, 2016 11:26am Nov 18, 2016 11:26am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 -89T
This is my road map this morning. Not very interested in the current level
This is my road map this morning. Not very interested in the current level
- #21,528
- Edited Nov 19, 2016 3:38am Nov 18, 2016 11:28am | Edited Nov 19, 2016 3:38am
- | Joined Feb 2013 | Status: Trader | 170 Posts
Got taken out by a few points but I'm not complaining. I new that imbalance was around the corner like I stated earlier before the session. Turned out I was a tad early but almost timed it perfectly. Never got the correction I wanted to get back in. {image}
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- #21,532
- Nov 18, 2016 1:46pm Nov 18, 2016 1:46pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,533
- Nov 18, 2016 2:55pm Nov 18, 2016 2:55pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,535
- Nov 18, 2016 3:38pm Nov 18, 2016 3:38pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 - 89T
-5 pips. Well, not my best trade lately. Entry was poor and management was poor.
Entry - In my opinion, was too expensive with stops below the blue support level
Management - had 2 opportunities to exit in profit at the blue resistance level but I wanted to show some discipline and hold for the target 18895 on my charts. But I choked up on my stops after the test... maybe a mistake.
Honestly, I'm still expecting price to push higher to test the upper trendline until a breakout happens (down or Up, doesn't matter)
-5 pips. Well, not my best trade lately. Entry was poor and management was poor.
Entry - In my opinion, was too expensive with stops below the blue support level
Management - had 2 opportunities to exit in profit at the blue resistance level but I wanted to show some discipline and hold for the target 18895 on my charts. But I choked up on my stops after the test... maybe a mistake.
Honestly, I'm still expecting price to push higher to test the upper trendline until a breakout happens (down or Up, doesn't matter)
- #21,536
- Nov 18, 2016 3:58pm Nov 18, 2016 3:58pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #21,537
- Nov 18, 2016 7:40pm Nov 18, 2016 7:40pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
I hope everyone is enjoying the play by play and helps you develop some of the skill set further. I am showing you every trade live not line entered here took profit here. I'm showing you the everything the pain and pleasure. LOL.
Very few others provide this type of live trading and its generally after the fact... what-could-of-been, what-might-of-been type scenarios.
The great traders are the ones in my opinion that outline the setup in advance, show the entry and discuss the follow through and completion.
Nice to see that you tick all the boxes.
Great trade by the way +21 in the 1 trade .... nicely done.
Masterrmind..........
Master your Mind then Master your Trades
- #21,538
- Nov 19, 2016 7:35am Nov 19, 2016 7:35am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
{quote} This is the way to show real trading as it occurs in the live market. Very few others provide this type of live trading and its generally after the fact... what-could-of-been, what-might-of-been type scenarios. The great traders are the ones in my opinion that outline the setup in advance, show the entry and discuss the follow through and completion. Nice to see that you tick all the boxes. Great trade by the way +21 in the 1 trade .... nicely done. Masterrmind..........
If you fail to plan, you plan to fail.
- #21,539
- Nov 19, 2016 8:14am Nov 19, 2016 8:14am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Thank you Mastermind! I believe in transparency. Like you say almost everyone shows everything after the fact or with lines, entry here, profit here. Hell everyone is an amazing trader that way. How can I teach something and ask someone to believe in it if you don't put it out there. A real deal trader has no issues showing in real time his trades. Real deal traders also don't have issues with live stream and letting everyone in on live trades. Its how we go and teach the real way. There are so many teachers out there and mentors. Next time...
They always have as many excuses up their sleeves as failing trades on their trading accounts.
Traders are more fortunate than they think to have access to this thread and not having to pay a cent ... very lucky indeed!
Personally I enjoy the atmosphere of this thread from all the positive thinking traders.
Keep up the great work!
Masterrmind..........
Master your Mind then Master your Trades
- #21,540
- Nov 19, 2016 12:57pm Nov 19, 2016 12:57pm
Hey Mr. pip, was just looking at the chart you did for sakeplz on the E/U, i took a long trade in that area where you were advising a short. just wondering if you could look at the trade and see if there's something im missing.
price had been stuck in a range and broke to create a series of nsh, although short term orderflow had given a nsl, the overall bias for me was still bullish. price came back to test the area of structure and stall at .618.
the one obvious reason to not go long was the increase in momentum from the bears, however on a time based chart i don't think momentum plays as important a role as tick based charts. (i use both and for me tick charts tend to be slightly smoother and time charts more jagged.)
i went long at the blue arrow.
from a bar by bar perspective i had to wait longer to time the entry because of the increase in selling pressure -
1. This strong bull candle was to be expected as price slammed into structure, after 4 strong bear candles this was way too early to get involved.
2. a small reply by the bears
3. The bears now continue the push down but are completely rejected.
4. a less intense effort, again rejected.
5. the bulls take over, a tempting entry but they could not hold much of the candle.
6. the bears re assert selling pressure for one last big push down but can only take half the candle
7. the bears put up a good effort but just couldn't break through structure, the bulls take back complete control. this is my entry.
basically, as the trade began to fail i tightened up risk, but would never have exited the trade and definitely wouldn't have flipped the position to go short.
Don't get me wrong, i don't mind the loss, winnners or losers don't tend to bother me one way or the other these days, but i am going through a tough spell and was just wondering if im doing something fundamentally wrong. its easy to wander off course over time.
Cheers
price had been stuck in a range and broke to create a series of nsh, although short term orderflow had given a nsl, the overall bias for me was still bullish. price came back to test the area of structure and stall at .618.
the one obvious reason to not go long was the increase in momentum from the bears, however on a time based chart i don't think momentum plays as important a role as tick based charts. (i use both and for me tick charts tend to be slightly smoother and time charts more jagged.)
i went long at the blue arrow.
from a bar by bar perspective i had to wait longer to time the entry because of the increase in selling pressure -
1. This strong bull candle was to be expected as price slammed into structure, after 4 strong bear candles this was way too early to get involved.
2. a small reply by the bears
3. The bears now continue the push down but are completely rejected.
4. a less intense effort, again rejected.
5. the bulls take over, a tempting entry but they could not hold much of the candle.
6. the bears re assert selling pressure for one last big push down but can only take half the candle
7. the bears put up a good effort but just couldn't break through structure, the bulls take back complete control. this is my entry.
basically, as the trade began to fail i tightened up risk, but would never have exited the trade and definitely wouldn't have flipped the position to go short.
Don't get me wrong, i don't mind the loss, winnners or losers don't tend to bother me one way or the other these days, but i am going through a tough spell and was just wondering if im doing something fundamentally wrong. its easy to wander off course over time.
Cheers