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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

  • #23,061
  • Dec 23, 2016 2:39am Dec 23, 2016 2:39am
Any trader shorting the GBP currency at the moment would be feeling rather good.

Down ... down and down some more.

Masterrmind............
Master your Mind then Master your Trades
  • #23,062
  • Dec 23, 2016 2:39am Dec 23, 2016 2:39am
Quoting Masterrmind
{quote} EA +2.7 pips. {image} Price dropped nicely and at the first opportunity I locked in at BE + a few pips. Unfortunately taken out by a small bounce up. Now looking to London Open for another trade opportunity. Probably strangled the trade a little with such a tight stop applied after price dropped but midway through Frankfurt when reversals are common I chose to reduce this risk and lock in at least some pips. ps. it might appear to be a lot of work for just a few pips but many times it goes the other way with plenty of pips taken so easily....
Just curious why didn't you short at 78.6? good reading
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,063
  • Dec 23, 2016 2:42am Dec 23, 2016 2:42am
Quoting Masterrmind
Any trader shorting the GBP currency at the moment would be feeling rather good. Down ... down and down some more. Masterrmind............
yep you could think about shorting again for maybe 300 more hehe
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,064
  • Dec 23, 2016 2:44am Dec 23, 2016 2:44am
Quoting eaglestar
{quote} Just curious why didn't you short at 78.6? good reading
Would have been a far better trade.

However, when I'm running trades in this thread I tend to trade 1 entry at a time most of the time anyway.

Since I was already short a few lots I resisted the urge.

It was very tempting though to drop another short.

Plenty of other setups though so time now to find some.

Hope you get filled on EU.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,065
  • Dec 23, 2016 2:47am Dec 23, 2016 2:47am
Quoting eaglestar
{quote} yep you could think about shorting again for maybe 300 more hehe {image}
Thats only 1 pair.

Look at GA, GN and GJ.

However the progress has slowed a little on last inspection probably due to the "Current Account" due out in about 40 or so minutes.

Trade wisely.

Masterrmind............
Master your Mind then Master your Trades
  • #23,066
  • Dec 23, 2016 3:19am Dec 23, 2016 3:19am
Quoting Masterrmind
{quote} Would have been a far better trade. However, when I'm running trades in this thread I tend to trade 1 entry at a time most of the time anyway. Since I was already short a few lots I resisted the urge. It was very tempting though to drop another short. Plenty of other setups though so time now to find some. Hope you get filled on EU. Masterrmind...........
Yeah the EU was right on direction but won't come down to fill. Lets see.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,067
  • Dec 23, 2016 5:14am Dec 23, 2016 5:14am
EA

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Looking to go long .....

ps. Missed the last long had to go out.

Masterrmind..............
Master your Mind then Master your Trades
  • #23,068
  • Dec 23, 2016 5:22am Dec 23, 2016 5:22am
Quoting Masterrmind
EA {image} Looking to go long ..... ps. Missed the last long had to go out. Masterrmind..............
EA

Now long.

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Got in early.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,069
  • Edited 6:55am Dec 23, 2016 5:53am | Edited 6:55am
Quoting Mr. Pip
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.
Thank sucks for me. I requested 18th-19th off for my anniversary. All is well the videos adds value. Good thing I do have today off and will be able to hangout with everyone after I open and fund my business account today getting ready for the year. Should be in around 9:45 EST. Aside from rules of trading I have been creating positive affirmations. This time I have taken a totally different approach to trading. See y'all then
Empower Your Mind
  • #23,070
  • Dec 23, 2016 5:59am Dec 23, 2016 5:59am
Quoting Masterrmind
{quote} EA Now long. {image} Got in early. Masterrmind...........
EA

Closed out the long.

Now looking to short from around the 1.45 handle.

Now we are cooking!

ps. looks like I should have held on more for the long .... bulls still in charge but some volatility has certainly just hit this pair in the current candle.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,071
  • Dec 23, 2016 5:59am Dec 23, 2016 5:59am
Quoting vqtrader
{quote} Thank sucks for me. I requested 18th-19th off for my anniversary. All is well the videos adds value. Good thing I do have today off and will be able to hangout with everyone after I open and fund my business today getting ready for the year. Should be in around 9:45 EST. Aside from rules of trading I have been creating positive affirmations(visualization technique etc). This time I have taken a totally different approach to trading. See y'all then
1597T chart does add value to see bigger picture.
Empower Your Mind
  • #23,072
  • Dec 23, 2016 6:10am Dec 23, 2016 6:10am
Quoting Masterrmind
{quote} EA Closed out the long. Now looking to short from around the 1.45 handle. Now we are cooking! ps. looks like I should have held on more for the long .... bulls still in charge but some volatility has certainly just hit this pair in the current candle. Masterrmind...........
EA

Seeking out a short entry.

Attached Image (click to enlarge)
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Most of the analysis is now coming from the current day (since plenty of PA has now occurred) except for yesterdays highs which are projected through into the current chart.

Masterrmind..........
Master your Mind then Master your Trades
  • #23,073
  • Dec 23, 2016 6:19am Dec 23, 2016 6:19am
Quoting Masterrmind
{quote} EA Seeking out a short entry. {image} Most of the analysis is now coming from the current day (since plenty of PA has now occurred) except for yesterdays highs which are projected through into the current chart. Masterrmind..........
EA

Attached Image (click to enlarge)
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Looking to short somewhere between the 2 red circles depending on PA.

Price is now testing yesterdays highs ....

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No short just yet ... lets see what happens.

Masterrmind........
Master your Mind then Master your Trades
  • #23,074
  • Dec 23, 2016 6:32am Dec 23, 2016 6:32am
Quoting Masterrmind
{quote} EA {image} Looking to short somewhere between the 2 red circles depending on PA. Price is now testing yesterdays highs .... {image} {image} No short just yet ... lets see what happens. Masterrmind........
EA

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H1 Chart
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Daily order flow is UP.

Makes looking for shorts that much riskier.

Not sure another trade will be made today ... but lets see.

ps. this is actually a very good example of why following the order flow is so important .... trading smaller pullbacks is not always easy.

Masterrmind............
Master your Mind then Master your Trades
  • #23,075
  • Dec 23, 2016 6:49am Dec 23, 2016 6:49am
EA

Attached Image (click to enlarge)
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Fib applied showing 161.8 exhaustion level.
The 1.46 handle is also shown for reference.

If the bulls are in fact tired as that is yet to be seen.

ps. I have a feeling though that price will soon retrace quite a lot before this day is over but not sure I will be awake to see it.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,076
  • Dec 23, 2016 6:57am Dec 23, 2016 6:57am
Quoting Masterrmind
EA {image} Fib applied showing 161.8 exhaustion level. The 1.46 handle is also shown for reference. If the bulls are in fact tired as that is yet to be seen. ps. I have a feeling though that price will soon retrace quite a lot before this day is over but not sure I will be awake to see it. Masterrmind...........
EA

Attached Image (click to enlarge)
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Now short but its a risky entry so beware.

Any sign of the bulls coming back in with force and I'll close it out in a heartbeat.

Masterrmind..........
Master your Mind then Master your Trades
  • #23,077
  • Dec 23, 2016 7:49am Dec 23, 2016 7:49am
Quoting eaglestar
Euro testing 61.8% retracement and bouncing up. Lets see if it can come down to fill my order. {image}
Right on direction, right on extension, but no retrace to fill. lol.
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,078
  • Dec 23, 2016 8:04am Dec 23, 2016 8:04am
Quoting vqtrader
{quote} Thank sucks for me. I requested 18th-19th off for my anniversary. All is well the videos adds value. Good thing I do have today off and will be able to hangout with everyone after I open and fund my business account today getting ready for the year. Should be in around 9:45 EST. Aside from rules of trading I have been creating positive affirmations. This time I have taken a totally different approach to trading. See y'all then
I will be here looking to see how the market moves today. This is my last active trading day for the next two weeks. Next week I will be around to post and answer questions and to finish my company's year out. I will also be posting the psychology video. If there is also any other topics we need to cover next week will be ideal. The following week which is the first week on Jan I will be gone taking the whole family on a trip. I will be trading again and in full swing Jan 9.
If you fail to plan, you plan to fail.
  • #23,079
  • Dec 23, 2016 8:08am Dec 23, 2016 8:08am
I would like to thank Mastermind for his detailed postings it is very time consuming and difficult to do while trading. Thank you your efforts are greatly appreciated. This also goes out to all of our contributors and their selflessness and willingness to help. This is definitely an amazing place to learn and share our experiences with you all. I am very pleased and look forward to 2017.
If you fail to plan, you plan to fail.
  • #23,080
  • Dec 23, 2016 8:15am Dec 23, 2016 8:15am
I just wanted to post the trade from yesterday once more so you all can see how rules help catch great entrances and exits. These rules have been designed and tested to give the trade the room it needs and to get aggressive at the exhaustion points to capture as much of the swing as possible. The goal for me is to capture 70% of the swing. This was great because you all go to see it in a play by play. We will not always catch the 70% of better as that is impossible but we catch a lot more then we don't and the expectancy will keep your trading account happy and full.

In this particular trade the entry and exit could not have been better. This is what I strive for everyday.
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If you fail to plan, you plan to fail.
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