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Braathen
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Postby Braathen » Wed Sep 05, 2012 9:03 am

MightyOne wrote:Weekly+ means to weekly and beyond!

Sorry, I had a Buzz Lightyear moment...
Image

This is how easy it is:

I) the chart that I am trading IS THE 7 MINUTE!

II) my position just happens to be the WEEKLY+ extreme
--->FOR EVERY TRADE<---

again?

I am looking to the 7 minute for the trade & I am looking to the weekly+ for position.

How is this done?

I) I draw my space from the extreme

II) I see a reason to enter on the 7 minute chart

III) I enter a limit order on one of the retracement lines or place
a market order for x lots prior to the breakout of said line.

Kewl, I'm in a trade...now what?

I) I look to take profit and reenter for more lots at a higher(?) price

II) I might trade to the higher(?) price for a better position or an even greater number of lots.

III) I keep the goal in mind: a LARGE position PRIOR to the weekly+ expansion.

There is no VooDoo, there are only 3 steps:

I) Position
II) Lot Size
III) Expansion

repeat until your eyes bleed.


"I) I draw my space from the extreme"

MO, can you show me from witch point you drew your space today?
With a cherry on top :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Postby MightyOne » Wed Sep 05, 2012 9:06 am

Braathen wrote:Theres your CZ m8 :D

Honestly i didnt even think of going short to CZ 2 :(
Ive been pretty focused in this leg long.
What is your reason on the weekly for expecting this?


I don't 'expect' anything Braathen, I just trade from extreme to expansion.

Here is the weekly chart:

Image

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MightyOne
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Postby MightyOne » Wed Sep 05, 2012 9:23 am

Option 2 would be to move the 18 lot line to '+(125)':

Image

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Braathen
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Postby Braathen » Wed Sep 05, 2012 9:53 am

Brilliant, thank you very much :D

I keep getting booted from this site/server :(

I have some reading to do before i post more :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Wed Sep 05, 2012 3:24 pm

So not the best day today :)

Took a tiny hit on EUR/USD.
After witch i failed to enter again and price went to the target ! :-({|=

Feeling a bit lost on the 7min. I have a 21m 3xCC chart where the last 2 days i have been seeing great entries on large CC's closing at and around
retracments in the space i have setup. Ill be keeping that around to feel more comfortable :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Postby MightyOne » Thu Sep 06, 2012 3:45 am

Do the same thing tomorrow and expect a different result...
insanity industries baby! ;)

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Braathen
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Postby Braathen » Thu Sep 06, 2012 7:10 am

MightyOne wrote:Do the same thing tomorrow and expect a different result...
insanity industries baby! ;)


So either your saying im stupid :oops: or you
feel that one should trade one's plays
but not expect the same thing to happen :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Thu Sep 06, 2012 11:52 am

So i was short before this news. (1.2628)
I got popped hard and started shedding lots to gain space.
Im still in short with s small lot size looking for the close.

Hope y'all having fun :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Postby MightyOne » Thu Sep 06, 2012 12:48 pm

Image


personally, I'd take profit at the low of the red momo candle...but that is just me ;)

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Braathen
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Postby Braathen » Thu Sep 06, 2012 12:49 pm

Seasick more?

Would be nice with a big ass leg in short CZ 1 so we could go to that CZ 2
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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