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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

  • #26,241
  • Mar 2, 2017 12:11pm Mar 2, 2017 12:11pm
Quoting Velikov
aggressive {image}
looks awesome.
  • #26,242
  • Mar 2, 2017 12:14pm Mar 2, 2017 12:14pm
Quoting Mr. Pip
I have been trading but I have someone here and have not been able to post. I got a little undisciplined today and stepped outside of my trade plan but after slapping myself with it and getting back on track I managed to recover the loss. So a BE day so far. My day started undisciplined and I will make a short video to go through the post session.
Like me this morning, took emotional trade and got stopped...The limbic system is bad adviser for noob traders like me
  • #26,243
  • Mar 2, 2017 12:18pm Mar 2, 2017 12:18pm
Stopped for +20
Attached Image (click to enlarge)
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  • #26,244
  • Mar 2, 2017 12:34pm Mar 2, 2017 12:34pm
still holding on:
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_03_02_trade 2_progress.png Size: 93 KB
  • #26,245
  • Mar 2, 2017 12:35pm Mar 2, 2017 12:35pm
Today's USDJPY trades
Attached Image (click to enlarge)
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  • #26,246
  • Mar 2, 2017 1:02pm Mar 2, 2017 1:02pm
reducing risk. if market doesn't go up now, it will go south. third time it is trying to go high and with good volume and it is been pushed back. This tells me that maybe it's not a good idea to risk so much...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_03_02_trade 2_progress.png Size: 84 KB
  • #26,247
  • Mar 2, 2017 1:07pm Mar 2, 2017 1:07pm
is there anybody else cheering for the bulls or u guys are all in sell position and laughing at me now yeah yeah....i'll get my revenge....no worries. bwt, stop hit as i type. -14 pips. next (but tomorrow, too late today)
  • #26,248
  • Mar 2, 2017 1:11pm Mar 2, 2017 1:11pm
Quoting ujku80
is there anybody else cheering for the bulls or u guys are all in sell position and laughing at me now yeah yeah....i'll get my revenge....no worries. bwt, stop hit as i type. -14 pips. next (but tomorrow, too late today)
I am not in, neither sell nor buy. Only idiots would laugh. In hindsight everything looks easy.

I thaught too long today and ended with nothing.
  • #26,249
  • Mar 2, 2017 1:14pm Mar 2, 2017 1:14pm
Quoting Velikov
Stopped for +20 {image}
Nice trade.
  • #26,250
  • Mar 2, 2017 1:25pm Mar 2, 2017 1:25pm
Quoting evocpr19
{quote} I am not in, neither sell nor buy. Only idiots would laugh. In hindsight everything looks easy.
well i'm aware that time after time I take trades which deserve to be ridiculed But i guess the point here is to learn.

And, i still don't know that even though i tell myself to always focus on the immediate order flow i still keep on looking on the long term. i seem to not be able to learn from my own mistakes.

So, if someone here can learn from my mistakes then he can say that he is twice as smart as I am. Now, if you think that that is not a considerable incentive to pump up your self-esteem, then note that I have a master in physics, and another one in chemistry (no kidding) and a PhD in materials Science. ok?
  • #26,251
  • Mar 2, 2017 1:38pm Mar 2, 2017 1:38pm
Quoting ujku80
{quote} well i'm aware that time after time I take trades which deserve to be ridiculed But i guess the point here is to learn. And, i still don't know that even though i tell myself to always focus on the immediate order flow i still keep on looking on the long term. i seem to not be able to learn from my own mistakes. So, if someone here can learn from my mistakes then he can say that he is twice as smart as I am. Now, if you think that that is not a considerable incentive to pump up your self-esteem, then note that I have a master...
I prefer when someone is telling like it is, regardless of studies level (I got only a master in electrical engineering; you like to study). I am missing a bit to enter in a smart manner a trade and more importantly when to hold for a longer swing (including also PA against your entry). Maybe one day I will get it.
I tend to pay too much attention to the longer term orderflow. This does also not help when you consider PA of 20 to 40 points. I hope you know what I mean.
  • #26,252
  • Mar 2, 2017 1:46pm Mar 2, 2017 1:46pm
Quoting ujku80
{quote} well i'm aware that time after time I take trades which deserve to be ridiculed But i guess the point here is to learn. And, i still don't know that even though i tell myself to always focus on the immediate order flow i still keep on looking on the long term. i seem to not be able to learn from my own mistakes. So, if someone here can learn from my mistakes then he can say that he is twice as smart as I am. Now, if you think that that is not a considerable incentive to pump up your self-esteem, then note that I have a master...
Tough break my friend but next! I am a man of science too so I can say this is the easiest most hardest thing anyone can do. Sounds kind of funny but it's true. I will address some things that you could have been aware of before taking the trade. I will do this in the short video of my post session that I will do later. I am picking up my daughter from school but will work on it later today. Glad to see you back after a year of holiday I have to move to your country.
If you fail to plan, you plan to fail.
  • #26,253
  • Mar 2, 2017 1:49pm Mar 2, 2017 1:49pm
Quoting Mr. Pip
{quote} What pair is this so I can give you a visual?
EURUSD - 1 min chart - 1 Mar, 10:20am UTC +2 time (MT4 default time)

Thanks!
  • #26,254
  • Mar 2, 2017 1:54pm Mar 2, 2017 1:54pm
Quoting evocpr19
{quote} I prefer when someone is telling like it is, regardless of studies level (I got only a master in electrical engineering; you like to study). I am missing a bit to enter in a smart manner a trade and more importantly when to hold for a longer swing (including also PA against your entry). Maybe one day I will get it. I tend to pay too much attention to the longer term orderflow. This does also not help when you consider PA of 20 to 40 points. I hope you know what I mean.
yes, i know very well what u mean. i have the same problem u see. But, just keep on looking at naked charts focusing on swings and bars alone and u'll get it. it comes with experience.
  • #26,255
  • Mar 2, 2017 2:00pm Mar 2, 2017 2:00pm
Quoting Mr. Pip
{quote} Tough break my friend but next! I am a man of science too so I can say this is the easiest most hardest thing anyone can do. Sounds kind of funny but it's true. I will address some things that you could have been aware of before taking the trade. I will do this in the short video of my post session that I will do later. I am picking up my daughter from school but will work on it later today. Glad to see you back after a year of holiday I have to move to your country.
u'll be more than welcomed to visit us here. let me now when u plan to so i can arrange a nice stay for u and your family here with places to visit etc etc.

As u know i got a job in another city in the south, where i stay for two weeks and then one week at my home city where my family is and then again back to south. this has changed all my personal regime on many things and that's the major reason why i haven't been so active here. but i'll try to keep up with the business as i really love it. i wont stop trading even if i have only one hour in disposition to do that.
  • #26,256
  • Mar 2, 2017 2:27pm Mar 2, 2017 2:27pm
my number one stupid trade of the year (so far). see the graph below. Typically bad management. As i didn't trade so much last month, this and another hit ruined almost completely February. I had to beat myself and take some action to make it sure that February closed in positive +20 pips (after commissions). so, a good example to NEVER leave trades unattended and treat trading as a real business (i'm afraid i'm still treating it as a hobby). Damian has provided us with an amazing technique and we can only blame ourselves for not succeeding here. just think about it.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_02_16_stupid trade.png Size: 157 KB
  • #26,257
  • Mar 2, 2017 2:51pm Mar 2, 2017 2:51pm
Quoting ujku80
my number one stupid trade of the year (so far). see the graph below. Typically bad management. As i didn't trade so much last month, this and another hit ruined almost completely February. I had to beat myself and take some action to make it sure that February closed in positive +20 pips (after commissions). so, a good example to NEVER leave trades unattended and treat trading as a real business (i'm afraid i'm still treating it as a hobby). Damian has provided us with an amazing technique and we can only blame ourselves for not succeeding here....
We have all been here before.
If you fail to plan, you plan to fail.
  • #26,258
  • Mar 2, 2017 4:17pm Mar 2, 2017 4:17pm
Quoting ujku80
my number one stupid trade of the year (so far). see the graph below. Typically bad management. As i didn't trade so much last month, this and another hit ruined almost completely February. I had to beat myself and take some action to make it sure that February closed in positive +20 pips (after commissions). so, a good example to NEVER leave trades unattended and treat trading as a real business (i'm afraid i'm still treating it as a hobby). Damian has provided us with an amazing technique and we can only blame ourselves for not succeeding here....

no no no no no my friend ... you did everything perfect ... it was broker scam manipulation blame the broker

now seriously: i know some platforms, thinking about ctrader, ( and ninja trader should allow it also ) to move stoploss at breakeven when price is past + XX pips ( note, not trailing stop, just move it to break even ) . It can come handy in such cases
  • #26,259
  • Mar 2, 2017 4:51pm Mar 2, 2017 4:51pm
Quoting pereiraalex
{quote} no no no no no my friend ... you did everything perfect ... it was broker scam manipulation blame the broker now seriously: i know some platforms, thinking about ctrader, ( and ninja trader should allow it also ) to move stoploss at breakeven when price is past + XX pips ( note, not trailing stop, just move it to break even ) . It can come handy in such cases
it's not a bad idea considering that i have to get away from the trade quite often.
  • #26,260
  • Mar 2, 2017 5:08pm Mar 2, 2017 5:08pm
Quoting ujku80
{quote} it's not a bad idea considering that i have to get away from the trade quite often.
The ATM function in NT allows you to do this.
If you fail to plan, you plan to fail.
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