Lucariga, You bring up and interesting and important point. First, my original system did place a stop 1 pip beyond point A to give the market some room and there were select trades that needed that room. But, to simply coding I moved it to point A. ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ah, chaos is good, to a point. More time to trade today, along with better market action. Will update the journal when I have time. As for analyzing and working over the weekend, it was a lazy weekend for me as well. I should have had the complete ...

Bronco Capital's ABCD Harmonic Pattern Journal

4xf, Interesting, I will have to take a closer look and see if I can rework what you said into something I could implement. The key issue I have is keeping it simple. Since I trade while working and code everything myself, the easier the system, the ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ha! That is the exact trade I just made. ABCD's are the greatest. Great catch there!

Ratios & Harmonics: a Different Way to Trade

Well, There are plenty of ABCD on the EURUSD 1min chart. More importantly, remember you can always just place pending orders and let the market come to you when it is ready, not when you are sitting in front of the screen. Yes, you lose flexibility, ...

Ratios & Harmonics: a Different Way to Trade

It is going to be a chaotic week to say the least, too much on my plate. May not have many trades nor posts in my journal, but things will be working in the background. Officially trading the 78.6% Stop and Reverse Update, meaning both I stop out my ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ah, no, these do not account for the "Monster Problem". That problem is related to the difference in bid-ask along with stop vs limit order functionality. My very first idea was to add a position at 78.6%, therefore I wrote my script to look for the ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ha! That is the great part--there were no rules. It was simply find a wave that looked 'good' (or not), plot the fib, let the script handle order management. There was a week in there where all the gains came from short trades and losses from longs. ...

Ratios & Harmonics: a Different Way to Trade

[quote=cuchuflito;6486332] You are 100% right on all counts. I call it the asymmetry of the market. It is everywhere you look. Using limit orders for entries, not all winning entries are guaranteed to be filled but all losers are! How the bid-ask ...

Ratios & Harmonics: a Different Way to Trade

They surely are changing lives. I completed my 100 trade ABCD challenge (102 actually) and results are posted here. Biggest take-away: A 61.8% retracement entry with 78.6% stop and 0% target would have made 30%+ return, nominally. Simulated equity ...

Ratios & Harmonics: a Different Way to Trade

Ha! I'll make you do the leg work, but the answer is in my data. I should post the xls file so it is easier to search and categorize the trades. As a matter of fact, it will be attached. The main issue with the "x then y followed by z" type ...

Bronco Capital's ABCD Harmonic Pattern Journal

Here we go. No trades today, rather I dove into the data to see what 100 trades tells me. Here are all the trades-- image Basic System-- The basic system was to enter a trade at 61.8% retracement of a manually identified wave. The target was a ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ughhh, mental note, late night of beer and basket ball = multiple mistakes the next, hungover morning. Cost myself 1R, again, when I entered a wrong order (stop vs. limit). I have to get programming and make this automated. I also got to experience ...

Bronco Capital's ABCD Harmonic Pattern Journal

Crassius, It has been a while! I am gearing up to restart trading with MB, but already switched over to Free EXN. The Pay for Limits was great until they adjusted the rates a while back. That was the last draw. I was already peeved they added Free ...

MB Trading Futures - Introduction

Still waiting for 1 more trade to hit 786BC or ABfromC, but better to get results posted while I have a second. Another great day, but still having order entry mistakes. Simultaneous entry into two platforms is a pain and shows me just how important ...

Bronco Capital's ABCD Harmonic Pattern Journal

Yes, make it your own system, but I would look to spread a wide net of trades with <1% account risk per trade. I would look for well-formed waves (preferably with trend), and set a pending buy/sell at 61.8%, I would put stop at 78.6%, and target ...

Ratios & Harmonics: a Different Way to Trade

My Parting Farewell-- I believe it is time for me to leave this thread. I no longer trade in Mr. Pip's style and do not wish to derail his teachings. But in closing, I wish to add that it is upon you to succeed. You cannot mimic Mr. Pip's exact ...

Ratios & Harmonics: a Different Way to Trade

That is a dead zone, spread widens, roll-over occurs, do not try to trade small swings, in my opinion, it is playing with fire. I would suggest you step back and use daily, 4hr, and 1hr charts to find the patterns. You will have larger stops and ...

Ratios & Harmonics: a Different Way to Trade

Grind, grind, grind, but also getting geared up to go live. Again traded the 78.6% AB stop and reverse pattern with both going to full 100% AB targets. Nets out 4 wins out of 6 total trades, although I did f'up an entry costing me a chunk of demo ...

Bronco Capital's ABCD Harmonic Pattern Journal

Starry, You know I am rooting for you, but this action and thinking will prevent you from ever mastering forex. What if you had a $10M account, what would you do differently? Why is it okay to do something at one time and not another given same ...

Ratios & Harmonics: a Different Way to Trade