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- Timwelch replied Feb 22, 2016
I agree. IF price breaks our expectation of a NSL, this is where I would then look for price to make another attempt.
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 21, 2016
Thinking more through this. It appears that the nth entries are growing too large too quickly with purely using Phi. Such that, on Entry E, if the price moves to hit stop loss, there is such a large loss due to that, that we don't even see a 1:1 ...
Optimized Risk vs Reward Equation
- Timwelch replied Feb 21, 2016
After reading through the thread last night a few times, this is what i came up with. I have nowhere near the level of math skills required to tackle this problem, but this is what I conjured up based on what I understood. I drew up an example chart ...
Optimized Risk vs Reward Equation
- Timwelch replied Feb 20, 2016
Agreed. We're here to learn from Mr. Pip, not from stevepatt. You have a good system, no one is knocking it. But, please move along and start your own thread. You're distracting us from what we're trying to accomplish here.
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 20, 2016
I don't have any statistics or long term analysis yet. I'm new to this awesome way of trading. :-) Form what I've seen so far, I'm less likely to risk my capital on a trade that has had a projection that is 1/3 or less of the depth of the previous ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 20, 2016
From my perspective, there isn't enough projection to keep me interested in going long there. Too much depth. Even though momentum looked to be growing / strengthening, it looks to me more like a last attempt to drive price higher before the bulls ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 18, 2016
I decided to take a trade tonight on the USD/JPY. I saw what I thought was a decent setup. I actually got into the trade a little early (always make sure you're waiting for price to come into your target zone! It did go into the target zone barely ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 18, 2016
All aboard the EUR/USD roller coaster! Breaking my expectations left and right!
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 18, 2016
Nice! Yeah, from this NSL area, out of this crazy complicated correction area, I would expect to see a deep pullback to structure before it ran down further (if it's going to do that). Otherwise, again, expectation is still deep correction that ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
Rock on! I'm not there yet with the exhaustion points and patterns yet. :-)
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
And that's fine, we can see it differently for sure. But what I'm not understanding is if you're looking at a NSL, then your expectation would be a NSL, and your trade should follow that. If you're buying, then you're not following the trading rules ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
Ok. It's just hit that same area 3 times now and bounced off dramatically each time. I don't think it's going to hit your blue target. And it just tried to get past it and rejected it very hard. For what it's worth, here's what I see on the tick ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
I would be careful with that. I don't see what you're seeing. Why do you think it's a sell? I could be wrong.
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
You'll get there, my friend! I'm still ironing mine out, to be honest. I'm modifying one of my old expert advisors that I wrote with really good money management built-in to be a script with a hotkey (MetaTrader) that will automagically place the ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
I do see your point. But I think it depends on how you look at Fib numbers. :-) I started using 161 because 161.8 is the golden ratio level, which technically could be 162 then, if you round it up. I didn't want to use 0.618, or 61 ticks, for the ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 17, 2016
I guess it's all in how you are looking. I saw this on the EUR/USD so I took it. I could have managed the trade better as I got taken out due to having too aggressive of a trailing stop on my trade. I got taken out just above the 38.6% retracement. ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 16, 2016
Yes! I'm up 5.3% on the day. ;-) You're my hero!
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 16, 2016
Here was my trade today. (I'm still using NinjaTrader for the tick chart, but using MetaTrader to place my trades) I watched the new video from Mr. Pip this morning (Amazing, thank you Mr. Pip!) and then I began my day. I saw that there was a NSH ...
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 12, 2016
I'm in Orlando too. Maybe we could have a trade session at Starbucks one day? :-)
Ratios & Harmonics: a Different Way to Trade
- Timwelch replied Feb 11, 2016
Excellent! Cleared up a lot of my questions!
Ratios & Harmonics: a Different Way to Trade