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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

  • #23,221
  • Dec 30, 2016 7:07am Dec 30, 2016 7:07am
Quoting Dfn
Hello All, How to manage a trade that already follow the rules (Complex Pattern), in the same order flow per what I see and there are good structure to the left but it hits your SL then it goes back to the right direction of your expectation? Example: {image} Or there might be something wrong with my PRZ according to the example?
Not every pattern is going to work out nothing is 100%. Shake it off and apply your money management.
If you fail to plan, you plan to fail.
  • #23,222
  • Dec 30, 2016 7:33am Dec 30, 2016 7:33am
YM this morning

Going to take it easy today and look for maybe 5-10pts before the weekend.

Here are some zones / levels I'm watching.

I do think we see higher and as of right now I've projected a 3rd drive up. If we dip lower in RTH then this is subject to change / nullify.

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  • #23,223
  • Dec 30, 2016 9:00am Dec 30, 2016 9:00am
YM +12

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  • #23,224
  • Dec 30, 2016 9:20am Dec 30, 2016 9:20am
Quoting Mr. Pip
{quote} Not every pattern is going to work out nothing is 100%. Shake it off and apply your money management.
yep ... just had a trade blow out at stoploss ... and after 3 pips , it reversed. luckly i almost didn't lose any pips. but hate when that happens.
  • #23,225
  • Dec 30, 2016 11:32am Dec 30, 2016 11:32am
Quoting pereiraalex
{quote} yep ... just had a trade blow out at stoploss ... and after 3 pips , it reversed. luckly i almost didn't lose any pips. but hate when that happens.
Me too.
If you fail to plan, you plan to fail.
  • #23,226
  • Dec 30, 2016 4:11pm Dec 30, 2016 4:11pm
Hello Traders,

I'm sorry that I have not been able to finish and post the trading psychology presentation. The family has kept me busy. I wanted to also let you all know that I am going away for a week and I will not be able to post or keep in touch with you all. I will be back trading on the 9 of Jan and also remember the live stream on the 18 of Jan. I look forward to an amazing 2017 filled with lots of great post and I will be sticking around throughout the year and hosting a live stream each month for the duration of the year.

I wish everyone the very best in this coming year and may it provide you with health, strength, vision, prosperity and love. God Bless All!!!
If you fail to plan, you plan to fail.
  • #23,227
  • Dec 30, 2016 4:50pm Dec 30, 2016 4:50pm
Quoting jmezz
YM +12 {image}
Finished today with +3, had to recover a loss.
  • #23,228
  • Dec 30, 2016 7:10pm Dec 30, 2016 7:10pm
Quoting Mr. Pip
{quote} Well done my friend Happy New Year!
Happy New Year to you too my friend.

Take care and enjoy the celebrations with family and friends.

2017 will be an awesome year for trading.

Until then enjoy all of the festivities because very soon the workload will be once again upon us.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #23,229
  • Dec 30, 2016 8:47pm Dec 30, 2016 8:47pm
Quoting Masterrmind
{quote} Happy New Year to you too my friend. Take care and enjoy the celebrations with family and friends. 2017 will be an awesome year for trading. Until then enjoy all of the festivities because very soon the workload will be once again upon us. Good trading, Masterrmind...........
It will be for sure! I will be ready to crush 2017. God bless!
If you fail to plan, you plan to fail.
  • #23,230
  • Dec 30, 2016 9:17pm Dec 30, 2016 9:17pm
Quoting Mr. Pip
Hello Traders, I'm sorry that I have not been able to finish and post the trading psychology presentation. The family has kept me busy. I wanted to also let you all know that I am going away for a week and I will not be able to post or keep in touch with you all. I will be back trading on the 9 of Jan and also remember the live stream on the 18 of Jan. I look forward to an amazing 2017 filled with lots of great post and I will be sticking around throughout the year and hosting a live stream each month for the duration of the year. I wish everyone...
Enjoy your new years.
  • #23,231
  • Dec 30, 2016 10:01pm Dec 30, 2016 10:01pm
Attached Image
Success is a Journey Not a Destination....... kind regards ramzam
  • #23,232
  • Dec 30, 2016 11:26pm Dec 30, 2016 11:26pm
Eur 5 min thoughts
A Price broke out of consolidation area.
B Made a new high at 10650 with consolidation near
C Made a new pivot high after spike
D Made a new swing low
E Price retracted to 50% exactly and dropped
F Price hit 127.2 exactly and reversed to near 50% of B-G
G New Swing High
H. New higher low
I Price reverses at 78.6
J Moves to symmetrical finish of same distance of G-H 65 pips Also near D level of 10518

Let me know if anyone had a similar read on this.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,233
  • Dec 31, 2016 5:33am Dec 31, 2016 5:33am
Happy New Year everyone!
Rise and rise again until lambs become lions
  • #23,234
  • Dec 31, 2016 7:11am Dec 31, 2016 7:11am
Prosperous and Happy New Year to you all! May we all find the success we strive for!
  • #23,235
  • Dec 31, 2016 9:08am Dec 31, 2016 9:08am
Quoting eaglestar
Eur 5 min thoughts ... Let me know if anyone had a similar read on this.
Your Fib. analysis appears to be spot on but what about if you had to replay it bar per bar after the huge spike up? Where would you go long or short and would your Fib's and measured moves be placed as they are currently?
  • #23,236
  • Jan 1, 2017 3:06am Jan 1, 2017 3:06am
Happy New Year from Greece!
or locally stated, Kali Xronia!
  • #23,237
  • Edited 11:44pm Jan 1, 2017 6:53pm | Edited 11:44pm
Quoting eaglestar
Eur 5 min thoughts A Price broke out of consolidation area. B Made a new high at 10650 with consolidation near C Made a new pivot high after spike D Made a new swing low E Price retracted to 50% exactly and dropped F Price hit 127.2 exactly and reversed to near 50% of B-G G New Swing High H. New higher low I Price reverses at 78.6 J Moves to symmetrical finish of same distance of G-H 65 pips Also near D level of 10518 Let me know if anyone had a similar read on this. {image}
Forgive me but I'm not sure what your asking. Are you asking my expectation and how price filled or my expectation based on the following chart. hopefully that makes sense.

Sorry for the delay, super busy holidays.

anyway, I'll give both?

Here were my thoughts when I did the market replay. I tried to do it as real as possible. Please note, usually I trade 0900 - 1330 PST (1200 - 1630 EST) more or less and I haven't traded this pair for awhile. Not sure if it matters.

Long term View (sorry for the TF change; clear picture)
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The chart
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got to here. ran out of data. this is currently what I am thinking and would be looking for. S/T order flow is currently bearish but my L/T bias is bullish but weak and could flip

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Edit: that last sentence should say ; sometimes when PA slows , I will hold after hours. Depending on market conditions. (Basicly)

After reviewing your read on the situation. Which is very good BTW. I would only disagree with point C. But it was a good call by you too notice it. It was clearer on a tick chart but on the 5m it didn't seem like much compared to the rest of the price action.

I do admit , I did several things wrong but no one's perfect. But my basic expectations seem to play out. We will see about the rest I guess when the market opens.

PS. i HOPE I ANSWERED YOUR QUESTION AND HAPPY NEW YEARS

Pss in retrospect I don't think I would have taken the long due to close of London market on a Friday afternoon. Something I forgot.

Psss sorry for the long response
  • #23,238
  • Jan 2, 2017 6:37am Jan 2, 2017 6:37am
Sorry for the delay (my kids and wife wanted also some time); Happy new Year to all and many pips to all in 2017!!!!
  • #23,239
  • Jan 2, 2017 11:59am Jan 2, 2017 11:59am
Hello everyone and hello Mr. Pip. Of course, I need to start by saying HAPPY NEW YEAR to all of you, and to express my respect and admiration for a man who would spend so much time helping others learn this system. When I found this thread I saw the date it was started and was beyond impressed to learn that it is still going and Mr. Pip is still active within it. Cheers to you Mr. Pip.

A little introduction to my trading experience: ZERO! I started researching a few weeks ago and decided its something I'd like to pursue (at least with a demo account at first) to see if I can make a go of it. So at this point I am studying the charts and the lessons here trying to wrap my head around it. I have made a few trades on a demo account (and have been profitable) but with no real system or strategy. I have decided to stop until I can develop said strategy as I don't want to build bad habits. I am reading and re-reading the lessons form week 1 (Structure Analysis) but since I am so far behind the active lessons, I am curious about posting my own results and asking questions pertaining to that lesson (and the lessons to follow). I don't want to upset the flow of the thread and there are plenty of user-posted charts and questions that I may be able to answer my own questions through reading on. I'd like to do the assigned homework so, Mr. Pip, let me know if there is a particular way you'd like me to submit assignments or if I missed the train.
  • #23,240
  • Jan 2, 2017 3:36pm Jan 2, 2017 3:36pm
Quoting Mack2013
{quote} Forgive me but I'm not sure what your asking. Are you asking my expectation and how price filled or my expectation based on the following chart. hopefully that makes sense. Sorry for the delay, super busy holidays. anyway, I'll give both? Here were my thoughts when I did the market replay. I tried to do it as real as possible. Please note, usually I trade 0900 - 1330 PST (1200 - 1630 EST) more or less and I haven't traded this pair for awhile. Not sure if it matters. Long term View (sorry for the TF change; clear picture) {image} The chart...
Well, that didn't work out as expected. How embarrassing... hahahaha

Maybe I should go back to the service industry for a 2nd job. Hows this, "Anybody order a taco? No, sir, the mexi-fries are not unlimited, here's your bull$#it taco."



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