Hey guys, I am not going to do this often, but just wanted to share a link to my journal where I am trading exclusively ABCDs. I am just gathering data at this stage and hit the 30 trade mark. I posted very basic statistics, but the moral of the ...

Ratios & Harmonics: a Different Way to Trade

Continued... Pink EURUSD 1min-- image Blue EURUSD 1min-- image So, 30 trades in and time for a few, very basic statistics. 13 Winners, 17 Losers for a win percentage of 43.3% Winners average $12.969, losers average -$7.275 giving r:r of ~1.7827 ...

Bronco Capital's ABCD Harmonic Pattern Journal

Continued... Aqua15 EURUSD 15min-- image DarkGray (7th) EURUSD 1min-- image SkyBlue EURUSD 1min-- image Red5 EURUSD 5min-- image Yellow EURUSD 1min-- image

Bronco Capital's ABCD Harmonic Pattern Journal

Whole lotta trading going on, so I quit a little early to update the Journal and also provide some preliminary stats given I am 30 trades in. Like yesterday, there were some longer time-frame trades and more 1min trades as well. The key today, was ...

Bronco Capital's ABCD Harmonic Pattern Journal

DarkViolet EURUSD 1min-- image More to come as trades complete

Bronco Capital's ABCD Harmonic Pattern Journal

More trades, more data, pressing on. Again, I have 3 trades still in progress. Exploring longer term trades, so this will likely be common. In short, I have been keen on identifying nice, orderly waves on all time-frames and allowing them to move to ...

Bronco Capital's ABCD Harmonic Pattern Journal

You will get there, keep trading, day in, day out. Practice makes perfect.

Ratios & Harmonics: a Different Way to Trade

Itinerant, Remember, Forex is a non-centralized market. Therefore, you have to know how your broker determines a 'tick'. Some use actual matched trades ala a centeralized market while others use a change in bid or ask. Either way, the busier the ...

Ratios & Harmonics: a Different Way to Trade

Of course it is not allowed, but before today, I could place trades in both directions. Without problems. I literally cannot make a trade now because MT4 has both long AND short open trades. So if I buy, I am hedging the short trade, if I sell, I am ...

MB Trading Futures - Introduction

Continued-- Magenta EURUSD 1min-- image Skyblue EURUSD 1min-- image Update--Pink EURUSD 1min hits target-- image Still more to come, not even to 20% of my desired number of trades

Bronco Capital's ABCD Harmonic Pattern Journal

Back at it after recuperating from Super Bowl Sunday festivities! But then almost quit again after my crappy ass broker decided to start denying trades due to 'hedging'. What a crock, the changes both by this broker and the over-regulation of Forex ...

Bronco Capital's ABCD Harmonic Pattern Journal

Question-- Did MBT just turn on a hedging flag in their MT4 platform? While I despise MT4, I am stuck testing it within it for the moment. In the last few hours, I am getting "Hedging Prohibited" errors and I cannot do anything. I had a script that ...

MB Trading Futures - Introduction

You are jack-rabbit my friend, bouncing from idea to idea, how can you know if stuff works if you only trade it for a day or a week. Just look how market conditions have changed over last few weeks, from horrible chop to major trends. You will only ...

Ratios & Harmonics: a Different Way to Trade

Too many images in last post-- Orange image Purple image Red image Silver image

Bronco Capital's ABCD Harmonic Pattern Journal

First Day-- And it was not pretty, but that is not the point. The idea is to see what works and what does not before tweaking anything, before putting putting hard-earned money on the line, before giving up. Below is a spreadsheet of the trades. The ...

Bronco Capital's ABCD Harmonic Pattern Journal

Look for posts by Crassius over in the MB Trading thread in the Brokers forum. He also used Ninja+MBT, but he knows that there are only certain versions of MBT Navigator that work. Good luck!

Ratios & Harmonics: a Different Way to Trade

All right, EA is written and functioning (nearly) perfect, so it is time to start documenting trades. Before that I will show you an example chart and the output from the EA. But before that, I will define the inputs, the algorithm, and then the ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ed, Just looks like "one of those trades", although, I do see that the top of the first wave (1.34425) was subsequently tested 4 times and was very supportive giving the bulls a major edge. Also, think about what it means when it broke out the top. ...

Ratios & Harmonics: a Different Way to Trade

Money and Trade Management is a bit of my speciality (if only I could find a system to apply it to regularly!). Some additional thoughts. Dib, I agree with you that a constant max loss which gets sized based on the distance to the stop is the ...

Ratios & Harmonics: a Different Way to Trade

There is gold in this post, especially Two. Having decided that ABCD was going to be my pattern, the first thing I asked myself is "What does an ABCD represent?" and "What is the market telling me when it works, and what when it fails". If it was ...

Ratios & Harmonics: a Different Way to Trade