Starry, Time to go "Papa Bear" on you You need to slow down, stop jumping around, and focus. We have seen you move currencies, change charts, bring in other people's strategies, and get confused looking for blank and white answers. You will never ...

Ratios & Harmonics: a Different Way to Trade

I do not know if this will help or cause confusion, but see if you can follow this trade logic tree. Good luck! image

Bronco Capital's ABCD Harmonic Pattern Journal

Okay, back in the saddle, with the beginning of a monster update. As I stated earlier, initially finding an interesting system or strategy is like finding a new lady. Hot, intense, a bit reckless until reality sets in. After reading Mr. Pip's ...

Bronco Capital's ABCD Harmonic Pattern Journal

Awesome and good to see you are tracking your trades. In all honesty, I read Mr. Pip's thread then started trading ABCD's willy nilly. It made it very difficult to determine what was systematic and what was luck. I got a bit excited, but am getting ...

Ratios & Harmonics: a Different Way to Trade

Forthcoming on my thread, but I can share results here. I spent much of the weekend designing my system and the variables I want to test. I will be running a simple ABCD pattern system based primarily on the 15min, but allowing for other time ...

Ratios & Harmonics: a Different Way to Trade

Dibo, One suggestion. All my testing and as already stated in this thread (I will have to get the post), taking partial profits usually reduces total profit. It is akin to trading scared. When you do, you end up taking full losses and if the ...

Ratios & Harmonics: a Different Way to Trade

Here

Ratios & Harmonics: a Different Way to Trade

Okay, taking a step back. The posting here is more true than the original poster may even know. Perseverance and truly learning a system or style of trading is absolutely key to a successful trading business. I think of it like a new love. It starts ...

Bronco Capital's ABCD Harmonic Pattern Journal

Starry, Wow, you are going hard, good for you. A thought, maybe Mr. Pip will agree or disagree, but the smaller the timeframe, the less emphasis or strength a PRZ will have, or so I believe. A daily or 4h PRZ off a major pattern (Gartley, etc.) ...

Ratios & Harmonics: a Different Way to Trade

Actually, the long ABCD prior to this was even better (your point A = prior move's point D). The problem with a AB=CD that is shallow is the risk:reward. Where do you set the stop. Either must be arbitary or based on other information (confluence, ...

Ratios & Harmonics: a Different Way to Trade

A look at the past-- The key to system development is collecting sufficient trade data to draw statistical conclusions and determine future probabilities. So here we go, a summary of the week's trades: 21 total trades over the full 5 days. 4 trades ...

Bronco Capital's ABCD Harmonic Pattern Journal

Quick update, busy Friday night-- Not a lot of time to trade this AM, blue line was when I got to my trading desk and left as the final ABCD failed. Painful as well, 3 losses. First refinement to the method coming this weekend. First going to ...

Bronco Capital's ABCD Harmonic Pattern Journal

After the Fact Cherry Picking But these patterns can be found everywhere. Some work, some do not. The whole point of trading these is to find when they do, when they don't, etc. EURUSD 1min image I do not like being a "Monday Morning Quarterback" ...

Bronco Capital's ABCD Harmonic Pattern Journal

If it was easy, we'd all be filthy rich, sitting on a beach, trading from laptops. Rules take out emotion, but only if followed. Experience trumps 'gut feelings' but only after being earned. You have to dust off the losses, analyze the results, know ...

Ratios & Harmonics: a Different Way to Trade

Starry, A note on 'ticks'. I do not know about kinect, but MB Trading 'ticks' are just changes in bid or ask, they do not represent a trade. Similarly, volume is the number of ticks in a time period, not a value related to size of trades. So that ...

Ratios & Harmonics: a Different Way to Trade

Putting the cart before the horse here, but my results for today are below. It was a rough session, I was not on point. Yet, I am just trying to get trades under my belt, so these count in the statistics and will be used to refine the system later ...

Bronco Capital's ABCD Harmonic Pattern Journal

I think you should watch his ABCD video again, it is very clear, at least I think so. ABCD is the ideal pattern where the C point closes past 61.8% but does not close beyond the 78.6% retracement levels. It can 'wick' past the 78.6% but not close. ...

Ratios & Harmonics: a Different Way to Trade

Here are some links jg, most notably a link to Mr. Pip's YouTube account and videos. Watch, read, and learn. url url url url YouTube

Ratios & Harmonics: a Different Way to Trade

Agreed! I was just thinking that going short was not completely wrong. "It's subjective" is the last thing most traders want to hear, but it is true. The short could have won, it could have lost. Only a trader with experience and statistics to back ...

Ratios & Harmonics: a Different Way to Trade

Yes, but if the pattern was a Gartley, which I am thinking it was (or nearly was), then a short is the next step. I have 0, zero, zilch, nada experience identifying gartley, so I may be wrong, but the ratios seem to work out. C did not close above ...

Ratios & Harmonics: a Different Way to Trade