Ratios & Harmonics: a Different Way to Trade

Quoting Masterrmind

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{quote} 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............

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Quoting Mr. Pip

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Mastermind in the house good hunting my friend!

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Quoting Masterrmind

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{quote} Always hunting that is my nature. Sounds ruthless being a sniper and taking advantage of setups in the market. Sorry to say but I'm a capitalist and a realist and I love too trade! Lets make more pips together .... this is what its all about. Masterrmind............

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Quoting Mr. Pip

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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!

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Quoting Masterrmind

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What I'm currently looking at is as follows: AU (currently onhold but looking to long it for only a few pips however there is a real chance it will drop lower - observation time) {image} EA (current bias is to the long side but waiting for PA to show the way ... patience time) {image} GJ (possible short or long setup available ... need additional confirmation before entry although an aggressive long could be entered with a short SL) {image} Note: When I enter a trade I will post it. Masterrmind...........

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Quoting Tman72

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{quote} I wasn't able to make it. Your live stream can be as long as you want. A good teacher explains it one way, and a great teacher explains many ways so people frome all walks of life can understand. It's as long as the universe allows you to do so. I am happy to see it on YouTube so when I have time I can see it in chunks. I am grateful for everything you teach. Thank you again for the live stream Sir it means a lot.

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Quoting jmn5611

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{quote} MM, nice to see you still hanging out! Are you still using QAM as part of your arsenal?

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Quoting Masterrmind

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What I'm currently looking at is as follows: AU (currently onhold but looking to long it for only a few pips however there is a real chance it will drop lower - observation time) {image} EA (current bias is to the long side but waiting for PA to show the way ... patience time) {image} GJ (possible short or long setup available ... need additional confirmation before entry although an aggressive long could be entered with a short SL) {image} Note: When I enter a trade I will post it. Masterrmind...........

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Quoting Masterrmind

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{quote} GJ {image} Looking to short it soon............ However, there is a potential buying up zone (left of chart/structure) just below my preferred entry level. So I'm going to pass on the trade for the time being considering a 30 pip stop is also required and it is preferred that a higher shorting price is used. Price will probably rip down now and cover the 50+ pips but that's too bad ... I've made my decision. Masterrmind............

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Quoting Masterrmind

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What I'm currently looking at is as follows: AU (currently onhold but looking to long it for only a few pips however there is a real chance it will drop lower - observation time) {image} EA (current bias is to the long side but waiting for PA to show the way ... patience time) {image} GJ (possible short or long setup available ... need additional confirmation before entry although an aggressive long could be entered with a short SL) {image} Note: When I enter a trade I will post it. Masterrmind...........

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Quoting Masterrmind

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{quote} EA {image} Could be longed but the PA currently is very slow. Stop placement is interesting ... where would you place it? What is the risk? Is it worth trading it? Look at the order flow post recent swing high ... what is it telling you? I ask myself these questions constantly ...... Note 1: I see a stop of 25 pips for a possible gain (after many obstacles) of about 30 pips .... not worth it to me. Note 2: longer term order flow is also to the downside NOT up. Observation time. Masterrmind...........

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Quoting Masterrmind

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{quote} Hi adai123, Learn to read PA, order flow and chart structure (S+R, supply and demand zones) in the first instance. Then progress to harmonic patterns if you wish. You do not really need to know much if anything at all in regards to these patterns to trade successfully. You can simply master PA, order flow and use only the ABCD pattern and you will do just fine. If trading such that opened and closed positions occur on the same day please consider M5 or a lower TF (MT4/MT5) or relevant tick chart (Ninja Trader; 233 or similar). If you prefer...

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Quoting Masterrmind

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{quote} Yes I use a few trading methodologies (4 main ones: this one here, QAM (short & longer), FIFO and longer term fundamental setups on higher TFs). If you master just one of them and can manage your account then its a reasonably pleasant trading experience. Very nice to see you around and I hope your trading is going great. Masterrmind...........

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Quoting adai123

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{quote} i got view the mrpip video is very hard to understand of my poor english, i got open youtube subtitle, but difficult too.. mean some time can like this,some time can like that no clearly rules, some time if like this ratio&harmonic thread title will become supply demand thread... i want clearly rules in text or on a pdf in more easy understand.. eg.. if want take short trade price must break a new low price structure and retest to a fibo 38.2 zone like this...

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Quoting Harmonic1976

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{quote} If you watch all of Mr. Pips videos then you will get an idea of his trading method. There is an element of discression as far as timing your entry but the risk areas are pretty well defined beyond structure so you will always have to battle if you're willing to take a risk at a 38.2 fib (not good risk reward because you will have to tolerate a lot of pain potentially) and getting to a break even is even harder because the structure wouldn't be far away. If you always wait for .618 or beyond then you may miss the move but it does offer much...

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Quoting adai123

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{quote} so you now no use harmonic pattern to trade? if only use harmonic pattern ab-cd and aggressive sell or buy long time is loss? i think trading must made it simple.. if a lot of video a lot of different type to determine is very hard to newbies... because if like this , if got 10people , 10people must each different trade...

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Quoting Harmonic1976

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{quote} I've tried to trade many of the patterns, sometimes they work, sometimes they don't. I had one recently posted here that looked like a perfect Gartley, price was stalling just as expected, everything looked textbook, and BOOM, price blew threw my stop beyond structure. It happens no matter what you do or how you trade. But one thing I can say for sure, I started making money once I found this thread and began to understand the simple analytical method taught here. I'm a very aggressive trader but I find that AB=CD patterns aren't as profitable...

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