Ratios & Harmonics: a Different Way to Trade | Page 1195 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

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

Ratios & Harmonics: a Different Way to Trade

  • #23,881
  • Jan 19, 2017 3:53pm Jan 19, 2017 3:53pm
Quoting Mr. Pip
{quote} If you look at the previous swings you can see that the buyers and seller are aggressive and produce good volume. There is no question that price will have issues coming down. I don't get worked up about a very strong candle you need more information. You are looking at a correction that has corrected very deep and with great momentum I would not be looking to short this could very easily turn into a complex correction or fail on the expectation.

Dear mr. Pip, thank you for your feedback. Keep the goodwork
  • #23,882
  • Jan 19, 2017 3:56pm Jan 19, 2017 3:56pm
Who feels like there trading is progressing in a good direction? How has the last couple of weeks benefited your trading and what do you feel se need to look at deeper? I know about trading psychology and accumulation and distribution of orders. But what else. I also want to put to paper the date of the next stream. This time I want to see lots of you guys there.
If you fail to plan, you plan to fail.
  • #23,883
  • Jan 19, 2017 4:26pm Jan 19, 2017 4:26pm
strongest momentum and greater value is very important as it define the good entry + good area to enter . if we can have more lessons about them it will be highly appreciated .
I know it mean area of demand / S/R level with good candle size if this what I understand
  • #23,884
  • Edited 4:54pm Jan 19, 2017 4:39pm | Edited 4:54pm
Quoting Mr. Pip
Who feels like there trading is progressing in a good direction? How has the last couple of weeks benefited your trading and what do you feel se need to look at deeper? I know about trading psychology and accumulation and distribution of orders. But what else. I also want to put to paper the date of the next stream. This time I want to see lots of you guys there.
Although I thought before market opened more on bull power (see my trade on post 23,823), I think my trading skills are progressing. Your screenshot during trading helps me to develop my skills to read the chart in realtime. This does not mean that I blindly follow it (I do often enough the contrary), but I can then better follow where eventually the problem was (and I see the levels that you mention, since my chart is not the same). Moreover, "I want to walk at the end alone" and I want to learn it properly and get rid of impulsive trades taking and scalps.

You probably do not know it, but you cover with your charts (and the input of others) and your live stream many aspects (entries level, PA reading, trade management, patience and many others). I have to digest it and to put it into practice, since I try to trade longer moves. For this end, I trade most of the time with minimal risk (1$/point).

If possible, please do not foresee the live session on a Thursday, because of work commitments on my side.

I cannot tell you often enough "Thank you"
  • #23,885
  • Jan 19, 2017 5:17pm Jan 19, 2017 5:17pm
Quoting Mr. Pip
Who feels like there trading is progressing in a good direction? How has the last couple of weeks benefited your trading and what do you feel se need to look at deeper? I know about trading psychology and accumulation and distribution of orders. But what else. I also want to put to paper the date of the next stream. This time I want to see lots of you guys there.
I a lot out of the live session I need some time to digest it the part on accumulation and distribution of orders. I heard mentioned before but didn't realy understand what was meant be it. Maybe that would be of help to me and others.
A lot of what you telling us I have read but not told why or how the understand the true meaning of it.
I would open my charts in the morning and be lost for a 1/2 hour or so then slowly start making sense of it.
Now like the blind man said I SEE.
  • #23,886
  • Jan 19, 2017 6:14pm Jan 19, 2017 6:14pm
Quoting marwan71
strongest momentum and greater value is very important as it define the good entry + good area to enter . if we can have more lessons about them it will be highly appreciated . I know it mean area of demand / S/R level with good candle size if this what I understand
Kind of. I will put something together.
If you fail to plan, you plan to fail.
  • #23,887
  • Jan 19, 2017 6:16pm Jan 19, 2017 6:16pm
Quoting evocpr19
{quote} Although I thought before market opened more on bull power (see my trade on post 23,823), I think my trading skills are progressing. Your screenshot during trading helps me to develop my skills to read the chart in realtime. This does not mean that I blindly follow it (I do often enough the contrary), but I can then better follow where eventually the problem was (and I see the levels that you mention, since my chart is not the same). Moreover, "I want to walk at the end alone" and I want to learn it properly and get rid of impulsive trades...
You are welcome no Thursday Live Streams
If you fail to plan, you plan to fail.
  • #23,888
  • Jan 19, 2017 6:18pm Jan 19, 2017 6:18pm
Quoting jcgibson
{quote} I a lot out of the live session I need some time to digest it the part on accumulation and distribution of orders. I heard mentioned before but didn't realy understand what was meant be it. Maybe that would be of help to me and others. A lot of what you telling us I have read but not told why or how the understand the true meaning of it. I would open my charts in the morning and be lost for a 1/2 hour or so then slowly start making sense of it. Now like the blind man said I SEE.
Awesome!
I am working on the accumulation video.
If you fail to plan, you plan to fail.
  • #23,889
  • Jan 19, 2017 9:56pm Jan 19, 2017 9:56pm
Mr Pip, Thank you for the live stream. Excellent Work. I am unclear on how you identify when to move Stop Loss to breakeven. Can you please explain.
  • #23,890
  • Jan 20, 2017 2:38am Jan 20, 2017 2:38am
Quoting Mr. Pip
{quote} No that would mean that there is fear in the process. I am a block of Ice when I trade. I just have clear areas there I want to take entries and sometime price just does not get there. It really does not affect me how many contracts I trade. I believe in every trade I take. I only lesson contracts when I feel I am entering early or the RR is not great because it's a shallow correction.
Yes, that is how it should be. Wish I had that trust in my ability. When I move up and trade bigger I get anxious and that is a signal to me that I am not ready for those contract sizes yet. Slow and steady.
  • #23,891
  • Jan 20, 2017 2:43am Jan 20, 2017 2:43am
Quoting grambo21
Mr Pip, Thank you for the live stream. Excellent Work. I am unclear on how you identify when to move Stop Loss to breakeven. Can you please explain.
Not to take away Mr. Pip's answer, but maybe steer you in the right direction:

He advises to move to BE at the first test of structure (read support or resistance zone). Where you expect a reasonable reaction of price, you move to BE to protect your risk. This also means that you only take trades that provide you with enough room to the next structure, so that you can move to break even when price gets there and still have a good chance of not getting taken out when price reacts to that structure and pulls back a bit.
  • #23,892
  • Jan 20, 2017 5:11am Jan 20, 2017 5:11am
Hi guys... something has been puzzling me for weeks already. When there are consecutive failed expectations, at what point do we classify a new NSL or NSH?

Eg, the scenario below.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 359 KB
  • #23,893
  • Jan 20, 2017 5:33am Jan 20, 2017 5:33am
Quoting kelvinyun
Hi guys... something has been puzzling me for weeks already. When there are consecutive failed expectations, at what point do we classify a new NSL or NSH? Eg, the scenario below. Untitled.jpg;2148466 {image}
Point B: the clear swing high/low of the last move (the move you are basing your analysis on).
  • #23,894
  • Jan 20, 2017 5:41am Jan 20, 2017 5:41am
Thank you!
  • #23,895
  • Jan 20, 2017 6:48am Jan 20, 2017 6:48am
Got away from computer to spend the day with wife for our anniversy. hope charts make sense. Heading to work but wanted everyone here to see my thought process. I am one of those people who cares about growth in all aspects and my trading is no different. I tried learning from previous days session on watching bar by bar closer for accurate entry after the webinar because that was why my drawdown was huge. I had one more day off so that was my focus. The issue was watching bars but forgot to look at EVERYTHING in trade context terms ie pitch of momentum(for me this tells me how deep the correction is likely to go) projection(if I was thinking of this I would not have gotten in short it was shallow projection) also zone price smack dead in demand and I did not extend my zone.

Lesson: Trade overall long term bias if I don't get a setup I don't trade. This will allow me time to look at context and time to make a decision. The intermediate I will leave alone this year.

Any insight from the group is cool. I am big on critque if it will help me grow. Been doing this for 9 years and I am so close I can taste it. I must iron out my trade plan more so emotion will not creep in. Have a good weekend folks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: session1.jpg Size: 98 KB
Click to Enlarge Name: session2.jpg Size: 61 KB
Click to Enlarge Name: session3.jpg Size: 72 KB
Click to Enlarge Name: session4.jpg Size: 159 KB
Click to Enlarge Name: session6.jpg Size: 73 KB
Click to Enlarge Name: session7.jpg Size: 49 KB
Attached Image
Empower Your Mind
  • #23,896
  • Jan 20, 2017 6:55am Jan 20, 2017 6:55am
Quoting LaBoca
{quote} You may already have this in place but your broker may have the facility to automatically stop you from trading for the day if you reach a 'pre-arranged' daily loss amount.
no. There is only a little amount in there and I went below it required amount to trade
Empower Your Mind
  • #23,897
  • Jan 20, 2017 6:56am Jan 20, 2017 6:56am
Quoting ujku80
{quote} Ohhh gees, i know how u feel. i've been there myself. Not once, not twice...4 times actually. GL and listen to Damian when tells to stop for today. Come back tomorrow or when u're really cool without emotions. Dont try revenge trading. Its the worse thing to do after that bad luck. GL
Thanks did just that
Empower Your Mind
  • #23,898
  • Jan 20, 2017 8:49am Jan 20, 2017 8:49am
YM +22, +8 = +30

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
  • #23,899
  • Jan 20, 2017 9:17am Jan 20, 2017 9:17am
Quoting jmezz
YM +22, +8 = +30 Screenshot1.png;2148867 {image}
That was quick. Think fast and grow rich ;-)
  • #23,900
  • Edited 6:29pm Jan 20, 2017 9:33am | Edited 6:29pm
Dear Mr Pip,

Homework for your comments and advises please

whether or not i did any mistake in labeling, or making conclusion..

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 213 KB


Subsequently this is what happened..

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.jpg Size: 391 KB
6 traders viewing now