I rarely break entry rules, but management rules get bent once in a while. It is fear of giving back points and we both need to work on it. This could have been +150 for us both. Hopefully the other traders here were more disciplined

Ratios & Harmonics: a Different Way to Trade

You got out too early just like I did

Ratios & Harmonics: a Different Way to Trade

You're an inspiration to us all. Nice trading my friend.

Ratios & Harmonics: a Different Way to Trade

Im happy with +33 . 20pt average is my goal too. I was a bit below that my first live month (still profitable though) and Im well above it this month so far. It just reminds us we are looking for LONG TERM profits and makes those losing trades ...

Ratios & Harmonics: a Different Way to Trade

I had same entry but earlier exit due to such a deep correction there. +33

Ratios & Harmonics: a Different Way to Trade

Its recommended that you never risk more than 5% of your account per trade. That is what my personal max risk per trade is currently at, although it is a bit aggressive since I am currently in “grow your account” mode. Doesnt mean I risk that for ...

Ratios & Harmonics: a Different Way to Trade

Way to pick up that ABCD - I caught it too and got out with +47. Expecting a decent correction based on short term order flow. My next AOI is right around 530 to re-enter short. We may not get that deep of a correction but that's ok, I am happy to ...

Ratios & Harmonics: a Different Way to Trade

Crazy price action today on the YM. Be safe out there boys and girls.

Ratios & Harmonics: a Different Way to Trade

a) Yes b) Yes, although price does not usually react to the exact point, so I would call this a retest instead of a NSH. Either way, it tells you the Bulls are very weak. Remember, we don't count the tails when assessing NSH/NSL's. c) If counted as ...

Ratios & Harmonics: a Different Way to Trade

Hey Gunnar - I'd like to add my input here. FYI asking questions in this thread is the smartest thing you can do at this point. Please see below. First, lets make your chart easier to read by making the scale of the bars smaller. This is important ...

Ratios & Harmonics: a Different Way to Trade

Butterfly and AB=CD for short entry. image Update: BE+5 image Update 2: Locked in +40 and an expectation failure. Long term expectation is NSL so I will be in this for a while. image Final update. Exited at 61.8 of 1 to 1 move for +81. Time to ...

Ratios & Harmonics: a Different Way to Trade

I scalped the crap out of that down swing. Its my complex correction strategy and I rarely use it but im still testing it so its demo for me while I’ll use it. Ended up with 10 trades and +64. Not sure if I will ever use it for live trading bc of ...

Ratios & Harmonics: a Different Way to Trade

I don't want to speak for Bmdenton but I think he took profit for the same reason you moved to B/E - and me too. It was a low probability trade since price corrected deeper than it should have. Price should have moved a bit faster if it was going to ...

Ratios & Harmonics: a Different Way to Trade

The great thing about your teaching here is that people can go at their own pace. There is one fundamental part of the system that's missing though. A name! What do we call your system? I suggest "Damians Dragon Breath Dollar Maker with Tigers and ...

Ratios & Harmonics: a Different Way to Trade

My most profitable trades tend to happen between 1p and 3p EST

Ratios & Harmonics: a Different Way to Trade

Can we expect the markets to behave this way for the first 2 weeks of each quarterly month?

Ratios & Harmonics: a Different Way to Trade

Beautiful Gartley and ABCD for my entry here. Seems like the Bears are losing steam so trailing tightly. Anyone else able to catch this one? Update: Taken Out +65 Day: +131

Ratios & Harmonics: a Different Way to Trade

Do you often take trades over many days? I am not currently able to trade every day and been thinking about trading interday. Do you find the risk per trade to be substantially higher using Mr. Pips system?

Ratios & Harmonics: a Different Way to Trade

Make sure your order settings are set to "GTC" or "Good 'Til Canceled" and not set to "DAY" and your orders will stay until the trade closes or you cancel them. You can find this under the "TIF" category. Nice trade.

Ratios & Harmonics: a Different Way to Trade

Thanks for the deepr explanation here I will do my best to give feedback, although it seems you follow a different plan than I do so I would encourage Mr. Pip to chime in with any input as well. trade1 was at a strong structure zone and my stop was ...

Ratios & Harmonics: a Different Way to Trade