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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

  • #28,021
  • Apr 21, 2017 10:14am Apr 21, 2017 10:14am
perfect projection
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  • #28,022
  • Apr 21, 2017 10:16am Apr 21, 2017 10:16am
Quoting Velikov
target hit +21 {image}
Very nice
If you fail to plan, you plan to fail.
  • #28,023
  • Apr 21, 2017 10:20am Apr 21, 2017 10:20am
Sot myself in the foot not giving the trade room to move. Way too aggressive! I talk about this all the time and fell victim to myself.
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If you fail to plan, you plan to fail.
  • #28,024
  • Apr 21, 2017 10:21am Apr 21, 2017 10:21am
So far down 9 points for the day. No biggie!
If you fail to plan, you plan to fail.
  • #28,025
  • Apr 21, 2017 10:23am Apr 21, 2017 10:23am
Quoting Mr. Pip
Sot myself in the foot not giving the trade room to move. Way too aggressive! I talk about this all the time and fell victim to myself. {image}
Impressive how the bulls came in.
  • #28,026
  • Apr 21, 2017 10:26am Apr 21, 2017 10:26am
Quoting evocpr19
{quote} Impressive how the bulls came in.
I know! Those bastards, I knew they have been wanting to do this but my timing has been off today. Can see they have been gaining strength but I have not been able to position myself properly into a trade today. Aggressiveness has worked both towards and against me today. I will make that video later to explain everything out.
If you fail to plan, you plan to fail.
  • #28,027
  • Apr 21, 2017 10:36am Apr 21, 2017 10:36am
Probably the hardest 39 pts earned ever, market is to dull for my taste
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Always trade your own plan...I don't provide trading signals.
  • #28,028
  • Apr 21, 2017 10:42am Apr 21, 2017 10:42am
Quoting kelvinyun
{quote} I love my job.. which is forex risk mitigation hedging forex exposures. so i don't think i will quit. Besides, i only use 10 minutes each day to check the charts and enter pending orders. Then i leave the computer running, and do whatever i want to do. I had spend at least 4 hours to 8 hours reading this whole thread for the last couple of months and watching Mr Pip's videos and seeking his guidance. Mr Pip has patiently taught everyone, so if anyone is still wondering whether it works, well it does. I read, re-read, watch, re-watch, and...
Those results look very interesting, but, I would suggest further testing and I mean "live" testing.

I put the quotes so you dont limit to real time, there is always forex tester software to help you with forward testing of past data, also the NT platform has market replay but I have never used that one for forex.

That way you can have a longer sample of trades, because I dont see any loser trades there, please dont think Im trolling your work, on the contrary I hope you succeed and share the EA here . Also please share some screenshots of your entry trades.

Regards.
  • #28,029
  • Apr 21, 2017 10:47am Apr 21, 2017 10:47am
Quoting Ockham
{quote} Since i discover this thread i spend almost 5 to 10 hours daily to read, watch video, paper trading. Since i use NT and tick chart i never have a loosing day, may be can happen of course but before using indicators, sometimes with good strategy, something was missing... understanding how the market moves, but Mr.Pip teach us everything we have to know, everything we need, now i just need to open a chart and everything is clear, NSH-NSL-order flow-AB=CD, and if it is unclear it is more clear ! nothing to do just wait something happen !! Anyway...
2 Thumbs up to you, wish you the best luck in the journey, just keep being here, I feel that most traders(not all) that learned and are live trading mr pip system never head back to the forum, its a shame.
  • #28,030
  • Apr 21, 2017 10:55am Apr 21, 2017 10:55am
Ok Traders,

No more entries for me today. I will work on that video later on and post it. Have a great weekend! Monday I'll be posting like today and Tuesday is the live stream. I'm excited to share another session with you live.
If you fail to plan, you plan to fail.
  • #28,031
  • Apr 21, 2017 11:02am Apr 21, 2017 11:02am
Quoting Mr. Pip
Ok Traders, No more entries for me today. I will work on that video later on and post it. Have a great weekend! Monday I'll be posting like today and Tuesday is the live stream. I'm excited to share another session with you live.
Thanks Damian for being with us today. Looking forward to the video and the live streaming on Tuesday. Have a great weekend and take care!
  • #28,032
  • Apr 21, 2017 11:26am Apr 21, 2017 11:26am
Done for today....good luck to all
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  • #28,033
  • Apr 21, 2017 11:49am Apr 21, 2017 11:49am
Quoting Mr. Pip
{quote} Hey Juri, I'll focus on strength and weakness in the live stream on Tuesday. Your win rate is really low so maybe a bit of tunnel vision is setting in, I'm not sure but post some of your trades and I will give you my opinion.
That would be wonderful.
I usually keep all my trades in my journal.
I'll post the trades as I take them from now on, surely having that tunnel vision you speak of.
Here's an example of trades I've been taking lately:
https://imgur.com/a/p8cNN

Not expecting you to go over but maybe it helps to show what I'm doing wrong.
If have to guess, I'll say that my problem is assessing strength/weakness.

BTW just a few days ago realized that using a fixed RR ratio of 2R is not ideal, better take profit at 1:1 completion of a harmonic move or start trailing aggressively once the expectation has been met, before that I would just set my SL to BE to protect the trade and still go for a 2R TP regardless of harmonics...

Thanks and can't wait for the next live stream

ps. hopefully someone else can learn from my struggle too
the 3rd wave is the crowd's wave
  • #28,034
  • Apr 21, 2017 5:18pm Apr 21, 2017 5:18pm
Just want to share a huge candle with an amazing wick from yesterday on CAC 40. I only saw the chart now.
I only asked myself the question on how to deal with that in realtime and to the expectation after this candle.

Normally, I know such type of candles for SL hunting before a big move in the opposite direction (here it would be then up). However, by taking into account where the candle happened, it would for me not appear likely to happen (I mean a rally up). Honestly, I would be puzzled in realtime and would not really know what to expect and to define a solid entry.
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  • #28,035
  • Apr 21, 2017 6:26pm Apr 21, 2017 6:26pm
Quoting evocpr19
Just want to share a huge candle with an amazing wick from yesterday on CAC 40. I only saw the chart now. I only asked myself the question on how to deal with that in realtime and to the expectation after this candle. Normally, I know such type of candles for SL hunting before a big move in the opposite direction (here it would be then up). However, by taking into account where the candle happened, it would for me not appear likely to happen (I mean a rally up). Honestly, I would be puzzled in realtime and would not really know what to expect and...
I do not have this bar with my broker.
  • #28,036
  • Apr 21, 2017 7:48pm Apr 21, 2017 7:48pm
Quoting evocpr19
Just want to share a huge candle with an amazing wick from yesterday on CAC 40. I only saw the chart now. I only asked myself the question on how to deal with that in realtime and to the expectation after this candle. Normally, I know such type of candles for SL hunting before a big move in the opposite direction (here it would be then up). However, by taking into account where the candle happened, it would for me not appear likely to happen (I mean a rally up). Honestly, I would be puzzled in realtime and would not really know what to expect and...
Wow, this is cfd? Do you think CAC future chart have this?
  • #28,037
  • Apr 21, 2017 8:59pm Apr 21, 2017 8:59pm
Both my brokers have no such stop hunt. I'm using oanda and fxcm.
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  • #28,038
  • Apr 22, 2017 12:13am Apr 22, 2017 12:13am
Quoting CrocodileRex
{quote} from my personal experience, trading on 3-5min using forex time charts is not good for mr pip's teaching although i know he said that his method applies to most instruments. I believe that the rotation in tick charts and time charts are TOTALLY different. let this sink in for a while. A 233 tick transaction is not the same as time charts. You might have a perfect bullish engulfing bar that engulfs the previous few candles on the time chart but it will not work as perfectly as the ones in tick charts. From what i have gathered, i am using...
totally agree with you
  • #28,039
  • Apr 22, 2017 8:44am Apr 22, 2017 8:44am
Hi Mr. Pip,
I heard from your video on Live Stream 02-21-16 that you pay extra cost for data provider. It should be Kinetick, right?
I have asked brokerage about the difference between Kinetick and Contiuum. The following is what I ask to brokerage and their response.

Me: Ninjatrader will provide Contiuum as free live future data. It should be include tick data, right? I have to pay if I choose Kinetick as data provider. What's the difference between Kinetick and Contiuum?
Borkerage: Kinetick is a non-trade routing data feed, which means it only provides data for charting. You cannot trade with it. We supply you with CQG data, which call Continuum, with the live account. You would not need to pay for Kinetick as Continuum will provide you with everything you need, including tick data.

So, why did you choose Kinetick, is that because Kinetick better than Contiuum? Thanks.
  • #28,040
  • Edited Apr 23, 2017 8:42am Apr 22, 2017 10:40am | Edited Apr 23, 2017 8:42am
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{ copyrighted attachment deleted by staff }
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
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