Hey Mr. Pip. I sent you a PM 
. Thanks.
. Thanks.
Ratios & Harmonics: a Different Way to Trade
- #27,762
- Apr 17, 2017 11:19am Apr 17, 2017 11:19am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Hey Mr. Pip. I sent you a PM
If you fail to plan, you plan to fail.
- #27,763
- Apr 17, 2017 11:22am Apr 17, 2017 11:22am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Hi Damian (and fellow traders)
I've been following this thread silently for a couple of months now. I've been trading forex for over a year and I've put a lot of time and effort in trying and reading about different methods and indicators. But none of them ever worked for me. I always felt that I was not looking at what the market was actually doing.
Although I'm not profitable yet, this thread has been a real eye opener since the day I started reading it! This is exactly what I was looking for! I will stay with this method until I die or give up on forex trading! :-)
Thank you for your videos Damian, they really are treasures for those who are willing to learn!
And thank you and all the other traders for your input in the forum, teaching others how to trade your method!
I hope to become a profitable trader in the near future with your help, so I can help other traders to become profitable in the future!
Ok sorry for the blah blah on the thread but I needed to introduce myself and thank you and the others at some point
Grtz
Peter
I've been following this thread silently for a couple of months now. I've been trading forex for over a year and I've put a lot of time and effort in trying and reading about different methods and indicators. But none of them ever worked for me. I always felt that I was not looking at what the market was actually doing.
Although I'm not profitable yet, this thread has been a real eye opener since the day I started reading it! This is exactly what I was looking for! I will stay with this method until I die or give up on forex trading! :-)
Thank you for your videos Damian, they really are treasures for those who are willing to learn!
And thank you and all the other traders for your input in the forum, teaching others how to trade your method!
I hope to become a profitable trader in the near future with your help, so I can help other traders to become profitable in the future!
Ok sorry for the blah blah on the thread but I needed to introduce myself and thank you and the others at some point
Grtz
Peter
- #27,764
- Apr 17, 2017 11:31am Apr 17, 2017 11:31am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #27,765
- Apr 17, 2017 1:46pm Apr 17, 2017 1:46pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #27,769
- Apr 18, 2017 4:37am Apr 18, 2017 4:37am
Two trades from before Frankfurt Open.
Both trades would have gone to TP, which was set at a 1:1 completion in both cases.
Both were taken when STOF re-aligned with LTOF, although the EURJPY was a bit riskier and in hindsight, probably shouldn't have been taken as the STOF was still Bullish. A bit frustrating, but at least they weren't losses.
Could have been a lot worse as EURJPY almost hit my stop loss.
I am starting to consider to really trust my original predictions and not move my SL to BE on my trades.
Just monitor the trades to see where PA corrects to, adjust the second leg of the 1:1 accordingly and move my TP to 5 pips from the completion.
EURUSD, I was stopped out at BE after protecting when PA reached structure.
EURJPY, I was on the pain train for a long time, and decided to get out when PA made it back to BE (also because the entry conditions weren't ideal in the first place. PA had also made a short term 1:1 to the upside, and the 61.8 possible correction level was close to my entry).
EURUSD Long (M5)
EURJPY Short (M5)
Both trades would have gone to TP, which was set at a 1:1 completion in both cases.
Both were taken when STOF re-aligned with LTOF, although the EURJPY was a bit riskier and in hindsight, probably shouldn't have been taken as the STOF was still Bullish. A bit frustrating, but at least they weren't losses.
Could have been a lot worse as EURJPY almost hit my stop loss.
I am starting to consider to really trust my original predictions and not move my SL to BE on my trades.
Just monitor the trades to see where PA corrects to, adjust the second leg of the 1:1 accordingly and move my TP to 5 pips from the completion.
EURUSD, I was stopped out at BE after protecting when PA reached structure.
EURJPY, I was on the pain train for a long time, and decided to get out when PA made it back to BE (also because the entry conditions weren't ideal in the first place. PA had also made a short term 1:1 to the upside, and the 61.8 possible correction level was close to my entry).
EURUSD Long (M5)
EURJPY Short (M5)
{quote} I believe stop placement is critical to profitable trading and that proper stop placement is one of those skill sets that also improves with time. We all love the idea to using small stops and to keep the risk tight however this is not always a possibility. We must understand the dynamics of what order flow you are trading and have a stop that compliments it as well as giving the market the room it needs to allow the trade to develop. Stops are dynamic they go where you feel you analysis has failed you. You will get chopped up with tight...
And with this small account will you personally trade in the same way you actually do or will you prefer some set up like aggressive C entries ?
In other word how to deal with trading YM and smaller account ?
There is no way to happiness , happiness is the way.
- #27,774
- Apr 18, 2017 7:21am Apr 18, 2017 7:21am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #27,776
- Apr 18, 2017 8:38am Apr 18, 2017 8:38am
The power of Ratios & Harmonics! I must make the ABCD, AB=CD and 1 to 1 my bread and butter trades......Screen time! Lots of screen time! {image}
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- #27,777
- Apr 18, 2017 8:49am Apr 18, 2017 8:49am
- | Joined Jan 2014 | Status: Trader | 1,089 Posts
{quote} Hey Mil - just wondering if you could quickly touch on the difference between each mentioned pattern (ABCD, AB=CD, and 1 to 1). Thanks
The ABCD has specific rules to determine the PRZ and that is determined by the confluence of the ratios the pattern gives us. When these rules are violated our PRZ does not conform which compromises the intergrity of our PRZ thus the reason of the AB=CD
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