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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

  • #23,481
  • Jan 10, 2017 9:59am Jan 10, 2017 9:59am
Rescue mission deployed averaged in 18 points better. This is the line in the sand for the bears
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If you fail to plan, you plan to fail.
  • #23,482
  • Jan 10, 2017 9:59am Jan 10, 2017 9:59am
Quoting rocky
YM 03-17 (233 Volume) 1_10_2017.jpg;2133781 {image}
7 tick stop, lol. Wish I could get those on the regular.

Nice trading per usual Rock.
  • #23,483
  • Jan 10, 2017 10:00am Jan 10, 2017 10:00am
Quoting evocpr19
{quote} I am short now
Quoting Mr. Pip
Rescue mission deployed averaged in 18 points better. This is the line in the sand for the bears {image}
GL to your shorts
  • #23,484
  • Jan 10, 2017 10:04am Jan 10, 2017 10:04am
Rescue mission failed. Next.
If you fail to plan, you plan to fail.
  • #23,485
  • Jan 10, 2017 10:08am Jan 10, 2017 10:08am
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  • #23,486
  • Jan 10, 2017 10:08am Jan 10, 2017 10:08am
Quoting jmezz
{quote} {quote} GL to your shorts
I could get out with a rescue mission for 0
  • #23,487
  • Jan 10, 2017 10:11am Jan 10, 2017 10:11am
Now short again

Entry protected

Taken out +1
  • #23,488
  • Jan 10, 2017 10:15am Jan 10, 2017 10:15am
Quoting rocky
YM 03-17 (233 Volume) 1_10_2017.jpg;2133781 {image}
Good trading Rocky!
If you fail to plan, you plan to fail.
  • #23,489
  • Jan 10, 2017 10:35am Jan 10, 2017 10:35am
Quoting evocpr19
{quote} I could get out with a rescue mission for 0
Since I presently try to practice more the entry and trailing of a move, I trade with minimum. At least, my feeling at the beginning that price will go up was right. I ended to early with +7.5. In terms of money, overall no loss.
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  • #23,490
  • Jan 10, 2017 10:38am Jan 10, 2017 10:38am
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  • #23,491
  • Jan 10, 2017 10:41am Jan 10, 2017 10:41am
Quoting eaglestar
Took a fib reversal trade off of the 161.8 and buyers TP near 61.8 will may look for an opportunity if it retests the 61.8. I usually don't take counter trend trades, but looking at the PRZ trades by you guys motivated me. +1R As you can see price will push up into a level to trade it in opposite direction many times. i am also looking how price responds to blue median line. Updated Potential new 6R setup. Would be going against 1h however, we will see. {image} {image} {image} {image}
Missed my re entry. got 1R for today, going out.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,492
  • Jan 10, 2017 11:55am Jan 10, 2017 11:55am
Quoting pereiraalex
{quote} Hi Mr. Pip, Sorry for making that question and not even posting an example. I was thinking of this chart: On M5, It is just doing NSH and HL ( I think it is, right ? ), and then, just drops. Now, I was actually expecting it to drop, because on higher timeframe M15, It was arriving at a 0.886 PRZ. My doubt is actually more on "how to handle this?". I was expecting it to drop, but I was looking at M5 and looking for : "Let it do a LH and then enter". It never did. I noticed on your videos that you recommend not looking at other (higher) timeframes...
You can't expect for price to indefinitely continue making NSH eventually it will fail ans sometimes the order flow will alert us into this and other times it will not.

Also expecting price to drop because it is interacting with a fib level is also weak. You need to find the confluence. Remember price follows the path of least resistance and the more obstacles price has to deal with the better chance you have of price holding. I don't intertwine TF because I can differentiate between long term and intraday and the short term from my trading time frame or in my chase tick interval. We manage the trade by the rules and move on to the next without concern.
If you fail to plan, you plan to fail.
  • #23,493
  • Jan 10, 2017 11:57am Jan 10, 2017 11:57am
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  • #23,494
  • Jan 10, 2017 11:58am Jan 10, 2017 11:58am
Quoting x3m-PippiN
This has been a very interesting session for me. Managed to read the market very well but did not participate in it. Would you short from a bar by bar perspective on any of this? Do you guys think I'm to picky with my entries ? {image} {image}
No the order flow suggested that the bulls were getting stronger. Well done!
If you fail to plan, you plan to fail.
  • #23,495
  • Jan 10, 2017 12:01pm Jan 10, 2017 12:01pm
Quoting liemo
That extra one minute would have made a difference to whether execute or not. I think my problem is fear of missing out on the trade, just need to get that stupid thought out of my head, doing me more damage than good.
Wait for those candles to close. I know it is tough sometimes but must find a way to do it.
If you fail to plan, you plan to fail.
  • #23,496
  • Jan 10, 2017 12:04pm Jan 10, 2017 12:04pm
Quoting rocky
YM 03-17 (233 Volume) 1_10_2017.jpg;2133781 {image}
nice job. i guess the old adage "knowledge is power, data is money " proves correct
  • #23,497
  • Jan 10, 2017 12:11pm Jan 10, 2017 12:11pm
Hello ALL, I hope you are all having a great Day. Im Looking at the NZD/USD to form LH and continue to complete BAT D. I may go short if rollover at LH has good invite with PA. Then Long at D rollover till TP level.... Please Let me know if Im not seeing this correctly.
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  • #23,498
  • Jan 10, 2017 12:16pm Jan 10, 2017 12:16pm
Well Traders, Today was not a great day for me I'm still at it since I had some company over so I wasn't able to post my other entries. I took a short which got stopped out by a few points. I then entered another short which is currently up 18 points at the moment and at a BE +2 I will keep this one open into the afternoon to see if it can help recover today's draw down. The trade is not about trying to get back what I lost earlier that does not matter it's about managing the trade and see how much it gives me.
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If you fail to plan, you plan to fail.
  • #23,499
  • Jan 10, 2017 12:24pm Jan 10, 2017 12:24pm
Quoting grambo21
Hello ALL, I hope you are all having a great Day. Im Looking at the NZD/USD to form LH and continue to complete BAT D. I may go short if rollover at LH has good invite with PA. Then Long at D rollover till TP level.... Please Let me know if Im not seeing this correctly. {image}
Looks right.
If you fail to plan, you plan to fail.
  • #23,500
  • Jan 10, 2017 12:46pm Jan 10, 2017 12:46pm
An update on the trade. I also talked about it in a video I just made and will post in a few. I locked in thirty
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If you fail to plan, you plan to fail.
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