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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

  • #28,481
  • May 5, 2017 10:37am May 5, 2017 10:37am
Quoting Victor_Lin
{quote} We are in the same boat.
Wanting the bears to quickly overtake the bulls....come on bears!
  • #28,482
  • May 5, 2017 10:48am May 5, 2017 10:48am
stop on be
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  • #28,483
  • May 5, 2017 10:57am May 5, 2017 10:57am
moving my stop lil bit up
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  • #28,484
  • May 5, 2017 10:58am May 5, 2017 10:58am
Quoting Velikov
stop on be {image}
Congrats. My bias is also more up.
  • #28,485
  • May 5, 2017 10:59am May 5, 2017 10:59am
Quoting evocpr19
{quote} Congrats. My bias is also more up.
probably the market will test the upper boundary of the range
  • #28,486
  • May 5, 2017 11:01am May 5, 2017 11:01am
profit taken +18
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  • #28,487
  • May 5, 2017 11:05am May 5, 2017 11:05am
Quoting Velikov
profit taken +18 {image}
Very nicely done.

This is the last stand for my bears. It may or may not survive....
  • #28,488
  • May 5, 2017 11:09am May 5, 2017 11:09am
Done for today 2 trades P/L +20
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  • #28,489
  • May 5, 2017 11:11am May 5, 2017 11:11am
Quoting Milfortra
{quote} Very nicely done. This is the last stand for my bears. It may or may not survive....
This was the best place to short in range buy low sell high
  • #28,490
  • May 5, 2017 11:12am May 5, 2017 11:12am
Mr. Pip..... If you get a chance to read this..... You have inspired me to not give up my dream of learning how to trade successfully. And you have also inspired me to start trading the YM.... However, what is a good broker with a good demo account that I can practice on that also has the 233 tick chart. Does your broker have a demo. You can send me a pm if you don't want to post it here. Thanks in advanced for your help. Also.. I really appreciate your nice and precise videos on TA. Have a great day.
Luck has no place in trading. Leave that for the poker table.
  • #28,491
  • May 5, 2017 11:13am May 5, 2017 11:13am
Quoting Milfortra
{quote} Wanting the bears to quickly overtake the bulls....come on bears!
Going for a graceful exit after the bulls nearly took my SL...
  • #28,492
  • May 5, 2017 11:20am May 5, 2017 11:20am
Quoting Velikov
{quote} This was the best place to short in range buy low sell high
Totally agree but it was not in my trading plan. I traded what I had planned to do which is strictly 2 kinds of entries. I may need to be more flexible but I need to master this 2 basic entries first before I can get more flexible with my trading plan...
  • #28,493
  • May 5, 2017 11:31am May 5, 2017 11:31am
Quoting Pair-me-up
Mr. Pip..... If you get a chance to read this..... You have inspired me to not give up my dream of learning how to trade successfully. And you have also inspired me to start trading the YM.... However, what is a good broker with a good demo account that I can practice on that also has the 233 tick chart. Does your broker have a demo. You can send me a pm if you don't want to post it here. Thanks in advanced for your help. Also.. I really appreciate your nice and precise videos on TA. Have a great day.
Just google Ninjatrader
  • #28,494
  • May 5, 2017 11:33am May 5, 2017 11:33am
Quoting Milfortra
{quote} Going for a graceful exit after the bulls nearly took my SL...
Did a graceful exit and ended up with +3.
  • #28,495
  • May 5, 2017 11:35am May 5, 2017 11:35am
Quoting PeterT
EURUSD long thumbs up grtz Peter {image} EDIT: Moved SL to BE+3. Strong resistance level, hope I survive :-) {image}
Stopped out +16 pips
Could have gotten more if I had trailed more aggressively...

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  • #28,496
  • May 5, 2017 11:37am May 5, 2017 11:37am
Recently I tested a butterfly pattern indicator. It looks like the similar pattern we are discussing here. Anyone trade the same indicator before?
  • #28,497
  • May 5, 2017 11:38am May 5, 2017 11:38am
Quoting PeterT
{quote} Stopped out +16 pips Could have gotten more if I had trailed more aggressively... {image}
Well done Peter! Your trade management looked good to me...
  • #28,498
  • May 5, 2017 11:39am May 5, 2017 11:39am
Quoting Milfortra
{quote} Totally agree but it was not in my trading plan. I traded what I had planned to do which is strictly 2 kinds of entries. I may need to be more flexible but I need to master this 2 basic entries first before I can get more flexible with my trading plan...
there was a 2 great trading opportunities so far
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  • #28,499
  • May 5, 2017 11:44am May 5, 2017 11:44am
Quoting Milfortra
{quote} Well done Peter! Your trade management looked good to me...
Thanks Milfortra!
  • #28,500
  • May 5, 2017 11:46am May 5, 2017 11:46am
Quoting PeterT
{quote} Stopped out +16 pips Could have gotten more if I had trailed more aggressively... {image}
It is always easy to see things in hindsight but the only way for your profit to run is exactly how you trailed your stop. I had the same feeling a couple of weeks ago where I really wanted to take profit of +20PIPs on YM but I stuck to my trade management rules and ended up with like +57 PIPs! Imagine how I would feel if I had taken the initial +20Pips and knowing later that I left +37PIPs on the table!

Listening to Mr Pip in the background really helps too(I do it by playing his older recording of his live streaming while trading)

Thanks Mr Pip!
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