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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Attachments: Ratios & Harmonics: a Different Way to Trade
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Ratios & Harmonics: a Different Way to Trade

  • #23,021
  • Dec 22, 2016 11:01am Dec 22, 2016 11:01am
Quoting Mr. Pip
Here is the marker where I was taken out. I don't care if it continues now or about how much I left on the table. This is where my rules took me out and I can live with that just fine. {image}
Very nice trade
  • #23,022
  • Dec 22, 2016 11:02am Dec 22, 2016 11:02am
Quoting Mr_Burns
{quote} Well I can only speak for me but I find it very empowering when I get to follow your trade and thought process. It helped me with my trades and to keep everything mechanical.
Thanks glad it helped. Makes me feel like it's too much some times but, as someone who does this everyday it's important for me to show you all that I walk the walk and talk the talk. I don't teach anything that is crap or doesn't work consistently. It also validates that owning a process that has positive expectancy will not only make you a better trader but also it will make your account grow. and that is the best part.
If you fail to plan, you plan to fail.
  • #23,023
  • Dec 22, 2016 11:03am Dec 22, 2016 11:03am
Quoting Mr. Pip
Almost there I aggressive trail on decision candles at the touch of the 127. Got taken out for 31 points. Nice trade! That's how I do it. It's not an emotional process. Stay mechanical and the emotions will not be a problem. As a human I has undiciplened days and some emotionally managed days but I can count them they are very few. {image}
Nice!
It's a dirty job but someone's gotta do it!
  • #23,024
  • Dec 22, 2016 11:04am Dec 22, 2016 11:04am
Quoting evocpr19
{quote} Congrats. I should also use the horizontal line. It remembers to not enter too early. Thank you a lot for showing. I wish all a nice Christmas and a happy new year!!!!!!!!!
I normally just use my cross hair for this and not draw the line but I wanted you all to see how I use short term support and resistance to help me follow the trade and make sure my stop is not in a bad area. In other words it helps you see what kind of breathing room the market needs.
If you fail to plan, you plan to fail.
  • #23,025
  • Dec 22, 2016 11:06am Dec 22, 2016 11:06am
With a clean chart here is the entry and exit.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2016_12_22.png Size: 51 KB
If you fail to plan, you plan to fail.
  • #23,026
  • Dec 22, 2016 11:10am Dec 22, 2016 11:10am
Ok Traders,

I'm heading out to lunch and to by my wife's Christmas present and I will be back to post and answer questions. I will trade tomorrow also and next week I will not be trading but I will be in and out and do the trading psychology presentation. I'm looking towards the 17 of Jan for the next live stream. I will not change this date unless something happens that is unforeseen so if you all want to start making arrangement to request time off go ahead.
If you fail to plan, you plan to fail.
  • #23,027
  • Dec 22, 2016 11:12am Dec 22, 2016 11:12am
Quoting Mr. Pip
With a clean chart here is the entry and exit. {image}
Great trade Mr.Pip. You're play by play trades over the last days were great even though the market was superslow. I am happy this last trade came around and showed perfectly how you exercise patience and trade management per rules. Very valuable stuff, thank you.
  • #23,028
  • Dec 22, 2016 11:15am Dec 22, 2016 11:15am
Post your questions or comments and I will catch up. I also want the newer traders here to see that this is the real deal thread and I'm a real deal trader. Stop following the wannabees and align yourself with this high power trading thread. The members here know what they are talking about and like me are willing to share knowledge and experience. I'm very grateful for them and to God who has allowed me the opportunity to share my skill set with you and for free. I don't think anyone does what we do here that has real priceless value. Talk to you all later.
If you fail to plan, you plan to fail.
  • #23,029
  • Dec 22, 2016 11:16am Dec 22, 2016 11:16am
Quoting stavrogijn
{quote} Great trade Mr.Pip. You're play by play trades over the last days were great even though the market was superslow. I am happy this last trade came around and showed perfectly how you exercise patience and trade management per rules. Very valuable stuff, thank you.
Very welcome! Patience is a traders greatest ally next to discipline.
If you fail to plan, you plan to fail.
  • #23,030
  • Dec 22, 2016 11:35am Dec 22, 2016 11:35am
Any thought on this setup?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m5-tmill-uk-limited-3.png Size: 67 KB


My Reason:

  1. Blue line is a S/R zone to the left.
  2. Order flow is bearish
  3. Price retrace to 50% of Fibo. I expect an AB=CD.

My Doubt:

  1. Will you wait until 1.27 of FE to OP or now?
  2. Yellow line is another major S/R. But it seems I have some room to move to get some pips


Hope to hear your opinion!

Thank you

  • #23,031
  • Dec 22, 2016 12:08pm Dec 22, 2016 12:08pm
great Trade Damian. Of course I love to see how you trade. Can't thank you enough for this. U're our champion , Cheers mate .
  • #23,032
  • Dec 22, 2016 12:51pm Dec 22, 2016 12:51pm
TF Long working.

Locked in 10 and letting it ride.

Attached Image (click to enlarge)
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  • #23,033
  • Dec 22, 2016 12:53pm Dec 22, 2016 12:53pm
127 ext fib's
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-22 18-47-30.png Size: 109 KB
It's a dirty job but someone's gotta do it!
  • #23,034
  • Dec 22, 2016 1:00pm Dec 22, 2016 1:00pm
Quoting jmezz
TF Long working. Locked in 10 and letting it ride. {image}
Taken out +1.0. 3.7 total today.
  • #23,035
  • Dec 22, 2016 1:13pm Dec 22, 2016 1:13pm
Quoting LaBoca
{quote} Why did it not matter?
Because either way we made it to my first NSH.
  • #23,036
  • Dec 22, 2016 1:21pm Dec 22, 2016 1:21pm
Quoting Mr. Pip
Let's plan to do the live stream Jan 17. My goal is to do one to two every month in 2017. How does that sound?
Awesome!

I'm learning so much from you and the other traders here. Took this trade on EURUSD today(DEMO) and was testing exit using trailing price(need to work on that also).
Attached Image (click to enlarge)
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veni vidi vici
  • #23,037
  • Dec 22, 2016 1:43pm Dec 22, 2016 1:43pm
Quoting Dfn
Any thought on this setup? {image} My Reason: Blue line is a S/R zone to the left. Order flow is bearish Price retrace to 50% of Fibo. I expect an AB=CD. My Doubt: Will you wait until 1.27 of FE to OP or now? Yellow line is another major S/R. But it seems I have some room to move to get some pips Hope to hear your opinion! Thank you
Look to protect your trade at the test of structure and look for the 127 to lock in more profit. Follow my example from today it's how I manage almost every trade and it gives the market the room it needs to allow the expectation to play out. Being too aggressive will often take you out leaving more the. You want to on the table. Be mechanical about how I was. Don't do anything unless a condition in your rules has been met by price.
If you fail to plan, you plan to fail.
  • #23,038
  • Dec 22, 2016 1:44pm Dec 22, 2016 1:44pm
Quoting ujku80
great Trade Damian. Of course I love to see how you trade. Can't thank you enough for this. U're our champion , Cheers mate .
Cool love to do it. Just don't want to overwhelm the thread.
If you fail to plan, you plan to fail.
  • #23,039
  • Dec 22, 2016 1:44pm Dec 22, 2016 1:44pm
Quoting jmezz
TF Long working. Locked in 10 and letting it ride. {image}
Nice!
If you fail to plan, you plan to fail.
  • #23,040
  • Dec 22, 2016 1:45pm Dec 22, 2016 1:45pm
Quoting jmezz
{quote} Taken out +1.0. 3.7 total today.
Very nice!
If you fail to plan, you plan to fail.
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