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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

  • #24,761
  • Feb 6, 2017 9:33am Feb 6, 2017 9:33am
Unbelievable again by one point WOW
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If you fail to plan, you plan to fail.
  • #24,762
  • Feb 6, 2017 9:34am Feb 6, 2017 9:34am
Quoting Mr. Pip
Stopped out two bad back to back days I did not trade on Friday but Thursday was a losing day with two losing positions and today one. This means nothing and I mention it so you all can see that the answer is next. Nothing else.
I would still prefer to read (even if am not in for whatever reason) that you took profit with +xx.
But it is true that taking emotions into a new trade, day, week is not good. I get better on this, but I am not a robocop as you are processing it.
  • #24,763
  • Feb 6, 2017 9:35am Feb 6, 2017 9:35am
Long
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If you fail to plan, you plan to fail.
  • #24,764
  • Feb 6, 2017 9:36am Feb 6, 2017 9:36am
Quoting Happy_Sniper
{quote} Â And forgot the most important. Did you take the short? Â
not at that structure because it did not reach my SELL ZONE. but later on yeah. been shorting the whole day LOL!

But now my last trade for today is a LONG.

This is AGAINST expectations of a NSL.

Setting a 20 pip SL, 30 pip trailing stop, and going to bed now.

HOPE Wake up to a bright tomorrow with green green pips.

Justification as follows.

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  • #24,765
  • Feb 6, 2017 9:45am Feb 6, 2017 9:45am
Let's see if the bulls can carry. They have been effective in not letting the bears come in. But now that I am long the bears will get stronger. LOL
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If you fail to plan, you plan to fail.
  • #24,766
  • Feb 6, 2017 9:52am Feb 6, 2017 9:52am
And now the bears are attacking. I'm looking for the bulls to hold the line
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If you fail to plan, you plan to fail.
  • #24,767
  • Feb 6, 2017 9:53am Feb 6, 2017 9:53am
If this keeps up, I'm going to start trading the shorter term order flow and rack up point's these last two sessions have been for the birds.
If you fail to plan, you plan to fail.
  • #24,768
  • Feb 6, 2017 9:54am Feb 6, 2017 9:54am
Quoting Mr. Pip
Long {image}
This is a beautiful entry.

Thank you for all that you had done for us.

I understood why you did as you did.

Because it's so lonely.

And its so boring.

Just sitting in front of the PC all the time.

Monitoring every price action.

And so I passed on what little I learnt to a friend.

Getting him to view your Youtube.

If he is serious, then he will be able to learn something.

My trading plan

Feb = trade 0.01 lot

March = 0.02 lot

April = 0.05 lot

May = 0.10 lot

June = 0.10 lot

Independence Day = visit you.

Hope it all works out.
  • #24,769
  • Feb 6, 2017 9:56am Feb 6, 2017 9:56am
Very nice rotation again now let's get some continuation.
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If you fail to plan, you plan to fail.
  • #24,770
  • Feb 6, 2017 9:57am Feb 6, 2017 9:57am
Quoting kelvinyun
{quote} This is a beautiful entry. Thank you for all that you had done for us. I understood why you did as you did. Because it's so lonely. And its so boring. Just sitting in front of the PC all the time. Monitoring every price action. And so I passed on what little I learnt to a friend. Getting him to view your Youtube. If he is serious, then he will be able to learn something. My trading plan Feb = trade 0.01 lot March = 0.02 lot April = 0.05 lot May = 0.10 lot June = 0.10 lot Independence Day = visit you. Hope it...
We will celebrate with an awesome steak and an ice cold beer.
If you fail to plan, you plan to fail.
  • #24,771
  • Feb 6, 2017 10:02am Feb 6, 2017 10:02am
On the pain train again. Time to get off this train soon, it's not as smooth as the one that runs the mountains.
If you fail to plan, you plan to fail.
  • #24,772
  • Feb 6, 2017 10:05am Feb 6, 2017 10:05am
Quoting Mr. Pip
If this keeps up, I'm going to start trading the shorter term order flow and rack up point's these last two sessions have been for the birds.
I've also noticed that lately you have been neglecting short term swings (more then before) and you are going for the bigger picture which I think is trying to turn against you most of the times and bite you in the bum. I don't want to sound like a know it all or something..just my observations.
  • #24,773
  • Feb 6, 2017 10:07am Feb 6, 2017 10:07am
So far the line held the test and the buyers showed interest in the area. Now we need a close above 20004 to feel better about the commitment.
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If you fail to plan, you plan to fail.
  • #24,774
  • Feb 6, 2017 10:10am Feb 6, 2017 10:10am
Forgot who said this.. but should be one of the seniors here.

Requote it again:

Damian's videos are like teaching us how to drive, to control the steering, to press the brakes, to shift the gear.

Once we know how to drive then we braved the road.

We will face other drivers, going in our direction, and against our direction.

We have to drive with the flow, sometimes speed up, sometimes slow down, sometime brake and stop, sometimes reverse, evading traffic.

Sometimes the road are ice frozen and we have to drive carefully, sometimes its a highway and we go faster, sometimes its climbing up the hill and test our patience.

Sometimes though, unexpected things can happen. ACCIDENTS. Unfortunate but undeniable. Could be due to our own mistake. Could be due to the road condition. Could be due to other drivers ramming into us. Doesn't matter. That's why we have insurance. We may suffer some loss, but insurance can cover most of it.

This is why I wanted to visit Damian.

I wanted to sit in his Lamborghini. To look outside his window and see his views. To see him interacting and adapting to the different roads, weather conditions, and drivers.

OK. Enough ramblings. I have to go bed now. Haha and good night.
  • #24,775
  • Feb 6, 2017 10:10am Feb 6, 2017 10:10am
Quoting x3m-PippiN
{quote} I've also noticed that lately you have been neglecting short term swings (more then before) and you are going for the bigger picture which I think is trying to turn against you most of the times and bite you in the bum. I don't want to sound like a know it all or something..just my observations.
Your observation is on point and you are right. Being that the main swing are large and to justify the RR I have scaled out to the larger term but like you said it's biting me in the ass. Tomorrow I will scale into the intraday / shorter term to rack up the points and shorten the exposure. Thanks for calling me out on that.
If you fail to plan, you plan to fail.
  • #24,776
  • Feb 6, 2017 10:13am Feb 6, 2017 10:13am
Quoting kelvinyun
Forgot who said this.. but should be one of the seniors here. Requote it again: Damian's videos are like teaching us how to drive, to control the steering, to press the brakes, to shift the gear. Once we know how to drive then we braved the road. We will face other drivers, going in our direction, and against our direction. We have to drive with the flow, sometimes speed up, sometimes slow down, sometime brake and stop, sometimes reverse, evading traffic. Sometimes the road are ice frozen and we have to drive carefully, sometimes its a highway and...
Good night! That's nice! I'm on the icy road the last couple of sessions
If you fail to plan, you plan to fail.
  • #24,777
  • Feb 6, 2017 10:25am Feb 6, 2017 10:25am
BE protecting the trade
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If you fail to plan, you plan to fail.
  • #24,778
  • Feb 6, 2017 10:40am Feb 6, 2017 10:40am
Price hit many times on the EUR 5 min down modified schiff fork and 78.6% retracement from the high. That was also a 1:1 measured move and reversal. Now we have price doing a small abcd retracement into the 1:1 measured move and 127% extension near 10740. Passed on the long as I am looking for minimum 4:1
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #24,779
  • Feb 6, 2017 10:43am Feb 6, 2017 10:43am
Out at the BE
If you fail to plan, you plan to fail.
  • #24,780
  • Feb 6, 2017 10:58am Feb 6, 2017 10:58am
Tough day again. Tomorrow I will trade the intraday order flow which has always been my bread and butter. So tomorrow we get on the train that goes through the mountains.
If you fail to plan, you plan to fail.
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