It was the best of times, it was the worst of times

equities live trades, setups, charts

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jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sat Dec 31, 2016 8:10 pm

Your life is your own special project. You need to attack your own problems
and make changes with a sense of urgency and significance.

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jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sat Mar 11, 2017 11:18 pm

I am half way through Market Wizard Edward O. Thorp's memoir book "A Man for All Markets";
what a great story, and he seems like a great person too.

If anyone is interested here is a new interview with him, which more or less follows the content
of the book:

Would you believe this man is 84 years old? :shock:

First part:


Second part:

jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sun Mar 12, 2017 8:35 am

Just some thoughts on the NASDAQ index
Last edited by jrtrading on Fri Mar 31, 2017 10:07 pm, edited 1 time in total.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sun Mar 12, 2017 8:59 am

.
Last edited by jrtrading on Fri Mar 31, 2017 10:07 pm, edited 1 time in total.

jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sun Mar 12, 2017 8:59 am

What are your thoughts, guys

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sun Mar 12, 2017 11:30 am

Here is some things I have been working on with regards to space, using the rectangle way.
Hope it may be helpful to someone.

Image

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MightyOne
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Postby MightyOne » Sun Mar 12, 2017 9:47 pm

EDIT: you should look at this example if you have not already done so.

for_jrtrading.png
for_jrtrading.png (77.94 KiB) Viewed 8508 times


There is a lot going on here because there are an infinite number of combinations that you can achieve with space.

"What should I do", isn't that the question...
I think that the answer is to find your own artistic style and then strive for consistency.

The first thing you do is mark what your eyes are telling you is important; your eyes form the guru which is you (too many YT videos, I know) :lol:

The line segments of space will be roughly half of the ATR of the last 48 hours.

By comparing your space to the line width of a certain period you can get a feel for the "correct" position sizing.

The first step is to take profit (first exit).
If you find that your rectangle (profit) is too small then adjust your position size to increase your space (don't worry about the smaller size as you are going to be doubling in the near future)
Next you can trace your finger back to a previous stop, to improve your position on a retracement, or you can seek rapid accumulation by doubling your position size as price retraces.

If price retraces and you miss your entry then you can place the middle of your space at a more recent pivot.
If you start with a normal re-entry, within the orange box, then you will have the option to double your size prior to price escaping the box.

The thick orange line shows a technique for catching a falling price when there is no prior 1-2-3 in sight; you simply make the pseudo trend longer than the second thrust (the breakout of a steep move or a mini-move from congestion)

Hope this helps.

jrtrading
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Re:

Postby jrtrading » Mon Mar 13, 2017 12:49 am

MightyOne wrote:EDIT: you should look at this example if you have not already done so.
..


Thanks a lot for the reply MO, much appreciated.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Mon Mar 13, 2017 1:36 am

AUDCAD was a mistake

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Mon Mar 13, 2017 7:01 am

Thanks to Mr. Hyde I doubled space :D

gbpusd-m30-tickmill-ltd.png

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