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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

  • #22,581
  • Dec 15, 2016 2:55pm Dec 15, 2016 2:55pm
Quoting evocpr19
{quote} Once you have time, a question. We made a NSH and we have had a NSL. Normal expectation would be deep retracement and then short. We got this "re-test" but no new NSL. Are we now expecting a NSH? (I am still struggling with short term expectation versus long term expectation). Sorry to ask, maybe it is clear for all others.
Do you still need help with this question or did the stream help clarify this for you?
If you fail to plan, you plan to fail.
  • #22,582
  • Dec 15, 2016 2:58pm Dec 15, 2016 2:58pm
Quoting Chalky600
Hi Mr Pip Ive been following this thread on and off for a long time now and have to say it has helped me no end. Thought id share a couple of my own efforts at extracting money from the market, pretty much all i have learned is either directly or indirectly associated with what i have picked up here. This is a short video regarding stop and exit targets and how small but consistend wins add up. https://drive.google.com/file/d/0By1HMuY4jLWwNHNTMnEwZFBJSGs/view?usp=sharing Hope it helps or at least makes you think on how you are performing....
Thank you for taking the time. I agree it does not take a whole lot of points to make life changing income but I want to focus and purpose to everyone's trading not to be about the points or the money that is the results of a consistent process that empowers you to make better decisions steered by facts and not emotions.
If you fail to plan, you plan to fail.
  • #22,583
  • Dec 15, 2016 2:59pm Dec 15, 2016 2:59pm
Quoting jmezz
YM +18 TF +5.9 Notes on charts. {image} {image}
Nice work as usual!
If you fail to plan, you plan to fail.
  • #22,584
  • Dec 15, 2016 3:01pm Dec 15, 2016 3:01pm
Quoting juriFX
{quote} Thank you a lot Damian, I wasn't able to attend but can't wait to catch up almost 3h of free lesson and insight in real pro trading
You are quite welcome. I really enjoyed it and hope I don't bore you are anyone with the long documentary
If you fail to plan, you plan to fail.
  • #22,585
  • Dec 15, 2016 3:02pm Dec 15, 2016 3:02pm
Quoting pereiraalex
I am new here, but thank you. It was very helpfull, and clarified questions that I had, even ones I didn't ask. Thank you!
Excellent that is my goal. I'm glad it had value to you and everyone.
If you fail to plan, you plan to fail.
  • #22,586
  • Dec 15, 2016 3:12pm Dec 15, 2016 3:12pm
Quoting evocpr19
Mr. Pip, thank you for your time today, I enjoyed it a lot. With hindsight it is easy to say, but why I was more on short on the upper box was because what I saw on my chart. The first vertical yellow line is the start of trading. The long entry is clear for me. On the upper portion, I saw an expectation failure. The horizontal yellow line would be the confirmation to go short. In this case I would put my SL above the previous top, since it is an aggressive trade against the previous immediate expectation of a NSH. The thing which did not suit me...
In your particular example, you are addressing the shorter term order flow and part of a complex corrective process of the longer term main swing. That is fine if you want to be aggressive and take these types however usually these trades offer poorer RR and are prone to failures as these shorter term swings are part of a correction and not necessarily an expectation failure. In this case it was but hindsight confirmed it. This is very difficult to see in real time and what makes up the 30% of the trades that are not going to work out. I don't case after these as it is not worth the 30% accuracy and I prefer to be the house and not the gambler. Does this address your point?
If you fail to plan, you plan to fail.
  • #22,587
  • Dec 15, 2016 3:39pm Dec 15, 2016 3:39pm
Quoting Mr. Pip
{quote} In your particular example, you are addressing the shorter term order flow and part of a complex corrective process of the longer term main swing. That is fine if you want to be aggressive and take these types however usually these trades offer poorer RR and are prone to failures as these shorter term swings are part of a correction and not necessarily an expectation failure. In this case it was but hindsight confirmed it. This is very difficult to see in real time and what makes up the 30% of the trades that are not going to work out. I...
Yes, thank you. This was what I thought when I looked again at it.
  • #22,588
  • Dec 15, 2016 3:56pm Dec 15, 2016 3:56pm
I want to make sure everyone is clear on these live streams. I don't do it to show off you to show anyone that I know more then any other trader. The goal is to show you how I put into practice what I have taken the time to show you all over the time that I have invested in you all. Also to show you that trading at what I consider to be a professional level at a business level is completely possible and not a mystical tale.

It takes hard work and hours and hours of beating on the skill set sharpening them and making them your own. When I do these live streams with a real account there is no place to hide there is complete transparency and no room for bullshit. I want you to see what is possible and how a professional handles whatever the market throws at me. I want you all to achieve the same level of success and what I tech you is exactly what I use every time I trade without any deviation.

So take the time to own it and I promise you the skill set will reward you as it does to me win, lose or breakeven. I want to empower you and change the statistics.

I want the information I put out to be of value and presented in a way that capture the intellect of all skill levels. I often see many people in the thread like a few minutes ago there were 59 and at present 39 and only 10 are member. Sign up it's free, get your hands dirty and take to journey watching from the sidelines may help but getting in the game is so much better.
If you fail to plan, you plan to fail.
  • #22,589
  • Dec 15, 2016 4:04pm Dec 15, 2016 4:04pm
Forgot to mention to provide feedback on the stream. Too long? Too short? Good flow of information? You feedback helps me improve. Do the live streams help? Am I communicating the thought process effectively? You get the point. Let me know.

Thank you all very much for the time and to the many other great traders to selflessly contribute to the positive development of other traders. Together we can bridge the statistical gap and add some real value and education at the most affordable price possible (Free)!

No snake oil sold here!
If you fail to plan, you plan to fail.
  • #22,590
  • Dec 15, 2016 4:19pm Dec 15, 2016 4:19pm
Quoting Mr. Pip
Forgot to mention to provide feedback on the stream. Too long? Too short? Good flow of information? You feedback helps me improve. Do the live streams help? Am I communicating the thought process effectively? You get the point. Let me know. Thank you all very much for the time and to the many other great traders to selflessly contribute to the positive development of other traders. Together we can bridge the statistical gap and add some real value and education at the most affordable price possible (Free)! No snake oil sold here!
thx Damian for taking time out to do the live stream.....just watched it and as always very proffesional and thoughtful....well done
It's a dirty job but someone's gotta do it!
  • #22,591
  • Dec 15, 2016 4:30pm Dec 15, 2016 4:30pm
Quoting Mr. Pip
{quote} Sorry you were not able to get it to work. You can ask me and I will try to remember and answer you.
I had some problems but got it to work towards the end, thanks for a good trading session. I didn't see your long trade initially since I got caught up with the bearish swing down from yesterday and while I did expect a complex correction I thought it wouldn't be so deep due to the momentum in the down swing. I still tend to look too much on the bigger picture and miss good intraday opportunities like this one. Mainly due to me trading CFDs and not futures which leads to PA not looking as clean at times.

Again, thanks a lot for all the help, I'm getting closer and closer to making this my full time job. Looking forward to your presentation on trading psychology.
Rise and rise again until lambs become lions
  • #22,592
  • Dec 15, 2016 4:31pm Dec 15, 2016 4:31pm
Quoting Mr. Pip
Forgot to mention to provide feedback on the stream. Too long? Too short? Good flow of information? You feedback helps me improve. Do the live streams help? Am I communicating the thought process effectively? You get the point. Let me know. Thank you all very much for the time and to the many other great traders to selflessly contribute to the positive development of other traders. Together we can bridge the statistical gap and add some real value and education at the most affordable price possible (Free)! No snake oil sold here!

Damian,

It is very clear to all of us that attended/watch the live stream, and indeed your other educational videos, that your intentions are to truly help traders. It is obvious, appreciated, and i trust Karma will do its thing and send a bunch of pips/points your way.

Regarding feedback, i have watched all you videos and attended the latest two live streams and i think the content was stellar. Today's session flowed perfectly, and each time price decided to move slowly, you talk about other aspects of trading or answered questions. It was great. I doubt you will hear anyone complain about the length of the videos, because the longer they are the more info they contain. I wish i could offer a constructive criticism, but honestly the live session was perfect. Thanks again.

One point you made in the video, and that i agree with you wholeheartedly, was regarding the need to have a physical, printed, trading plan prepared and within arms length of your trading desk. I suspect many aspiring traders underestimate the value such a document brings. That said, trading plans are very personal, and each trader must make their own, however, it might be useful to discuss the different sections of what a trading plan should be. Perhaps sharing only the table of contents of your own document, and maybe a few pointers on how to construct one, would be of great value to the group. Trading during the holidays is usually a bad idea, so perhaps this would be a great time for each member to work on their own Trade Plan for 2017. . . Just a thought.

Thanks again,
N
  • #22,593
  • Edited 5:22pm Dec 15, 2016 5:06pm | Edited 5:22pm
Quoting Mr. Pip
Forgot to mention to provide feedback on the stream. Too long? Too short? Good flow of information? You feedback helps me improve. Do the live streams help? Am I communicating the thought process effectively? You get the point. Let me know. Thank you all very much for the time and to the many other great traders to selflessly contribute to the positive development of other traders. Together we can bridge the statistical gap and add some real value and education at the most affordable price possible (Free)! No snake oil sold here!
The live stream was perfect (length, information flow,..)

I would have hoped to see a second entry or also a change of ordeflow in terms of trading handling (seek for new entries,...), but this is not in our hands; the market decides. The explanation about why you would not short at different levels was for example also very valuable.
If you plan to do this on a more regular basis (if your times allows this), I would always take the day off from my work and would be there, since the decision are made in realtime, without hindsight and more importantly you also show how you apply it "mechanically".

Thank you a lot!!!
  • #22,594
  • Dec 15, 2016 5:47pm Dec 15, 2016 5:47pm
The live stream was excelent, in terms of flow and time. I had alot of other questions, but i don't want to make them without first reading all your information first, and checking the videos again and again, so that you don't repeat yourself again.

The only "issue" I had, is that I am european, so at the time of the stream, I had positions open on some european indexes. So I was "kinda looking at both places". Actually, at the time, Dax was making an interesting move. It was looking like it was doing a bullish harmonic pattern. After I read all your information on Harmonic Patterns, I may ask some questions about it, because I seem to get hit alot of times on those ( sometimes they don't work, and when they work, they have completely offset ratios ).

Cannot thank you again. Your help has been great, and its helping me to build a better trading. Its not completely like yours, but the bases are the same.

You say something that is actually very important to me: "It is what it is". After alot of trading and trading theory/systems, one tends to forget that.
  • #22,595
  • Dec 15, 2016 6:35pm Dec 15, 2016 6:35pm
Quoting Mr_Burns
{quote} I had some problems but got it to work towards the end, thanks for a good trading session. I didn't see your long trade initially since I got caught up with the bearish swing down from yesterday and while I did expect a complex correction I thought it wouldn't be so deep due to the momentum in the down swing. I still tend to look too much on the bigger picture and miss good intraday opportunities like this one. Mainly due to me trading CFDs and not futures which leads to PA not looking as clean at times. Again, thanks a lot for all the help,...
Glad you are getting closer, if I can offer a tip would be to try to isolate the order flow you are trading and how it fits into the bigger picture. Having those expectations in the forefront will help you identify solid trading opportunities.
If you fail to plan, you plan to fail.
  • #22,596
  • Dec 15, 2016 6:39pm Dec 15, 2016 6:39pm
Quoting Nik-Nyc
{quote} Damian, It is very clear to all of us that attended/watch the live stream, and indeed your other educational videos, that your intentions are to truly help traders. It is obvious, appreciated, and i trust Karma will do its thing and send a bunch of pips/points your way. Regarding feedback, i have watched all you videos and attended the latest two live streams and i think the content was stellar. Today's session flowed perfectly, and each time price decided to move slowly, you talk about other aspects of trading or answered questions. It...
Great point the trade plan is critical if you do not have a plan then you plan to fail. I will outline the element of the trade plan sometime tomorrow for everyone. Thanks for the feedback.
If you fail to plan, you plan to fail.
  • #22,597
  • Dec 15, 2016 6:42pm Dec 15, 2016 6:42pm
Quoting evocpr19
{quote} The live stream was perfect (length, information flow,..) I would have hoped to see a second entry or also a change of ordeflow in terms of trading handling (seek for new entries,...), but this is not in our hands; the market decides. The explanation about why you would not short at different levels was for example also very valuable. If you plan to do this on a more regular basis (if your times allows this), I would always take the day off from my work and would be there, since the decision are made in realtime, without hindsight and more...
Thank you. I wish you all would have gotten the opportunity to also see it but like you said the market will dance how she want to dance. We mush listen and dance to the beat she throws out there. There will be more streams from time to time.
If you fail to plan, you plan to fail.
  • #22,598
  • Dec 15, 2016 6:45pm Dec 15, 2016 6:45pm
Quoting pereiraalex
The live stream was excelent, in terms of flow and time. I had alot of other questions, but i don't want to make them without first reading all your information first, and checking the videos again and again, so that you don't repeat yourself again. The only "issue" I had, is that I am european, so at the time of the stream, I had positions open on some european indexes. So I was "kinda looking at both places". Actually, at the time, Dax was making an interesting move. It was looking like it was doing a bullish harmonic pattern. After I read all...
It's up so you can watch it again and again As for the Harmonic pattern post your questions at will and I will answer them. Thanks again for the feedback.
If you fail to plan, you plan to fail.
  • #22,599
  • Dec 15, 2016 6:48pm Dec 15, 2016 6:48pm
Mastermind in the house good hunting my friend!
If you fail to plan, you plan to fail.
  • #22,600
  • Dec 15, 2016 6:53pm Dec 15, 2016 6:53pm
Quoting Mr. Pip
Hello Traders, The live stream has concluded and I hope it hold tremendous value to you and helps clarify the process farther. If you have any questions feel free to post them. and I will answer them. Also if you did not have an opportunity to watch it here it is. https://www.youtube.com/watch?v=Nd2k3x0RLZg
I did get to watch live the first trade you went through and very nice work indeed.

Its really hard to predict a follow through with the bulls though as price charged up the chart but what you took from that move was very good.

Now I'll look through the rest of the video since I have more time now than yesterday.

I don't see too many other 'real' traders putting together a live stream like you do Damian.

Big thumbs up to you my friend .... excellent value!

Good trading,

Masterrmind............
Master your Mind then Master your Trades
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