The ideas that I trade by:

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MightyOne
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Postby MightyOne » Fri May 05, 2017 5:21 am

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Mira
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Re:

Postby Mira » Fri May 05, 2017 10:46 am

MightyOne wrote:CloseOnly_Area_PNF.png



Cool! The BO is more visible with the Big Road than with the other charts.

But are you considering a specific formation to see patterns breakouts?
(I don't know if I have formulated a comprensible question, sorry)

Thank you MO!

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Re: Re:

Postby MightyOne » Fri May 05, 2017 3:34 pm

Mira wrote:
MightyOne wrote:CloseOnly_Area_PNF.png


Cool! The BO is more visible with the Big Road than with the other charts.

But are you considering a specific formation to see patterns breakouts?
(I don't know if I have formulated a comprehensible question, sorry)

Thank you MO!


I am just looking at column lengths and breakouts.

There are a few nuances but you'll easily pick them up along the way.

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EDIT: I don't want to see price close below the yellow line.

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Re: The ideas that I trade by:

Postby MightyOne » Fri May 05, 2017 4:24 pm

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If price closes in an area then you mark points to that area.

The entries are the same as the HI/LO method.

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Mira
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Re: The ideas that I trade by:

Postby Mira » Fri May 05, 2017 6:21 pm

MightyOne wrote:for_Mira.png

If price closes in an area then you mark points to that area.

The entries are the same as the HI/LO method.



I'm following MO, thank you!

So the Big Road helps us to not get fooled by smaller breakouts.. ?
It creates bigger patterns every time that price closes in an area, and this why a BO is visible only when we have a longer column :idea:

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Re: The ideas that I trade by:

Postby MightyOne » Sat May 06, 2017 6:14 pm

Mira wrote:
I'm following MO, thank you!

So the Big Road helps us to not get fooled by smaller breakouts.. ?
It creates bigger patterns every time that price closes in an area, and this why a BO is visible only when we have a longer column :idea:


It helps me in a number of ways:
1) ease of comparing column lengths
2) neutral rendering of price history
3) it is compact and to the point
4) it can be used to record other outcomes:
Did I make 20 pips today? Blue = YES, Red = NO.
Did price continue 10 more pips after I exited? Blue = YES, Red = NO.
Did price close beyond an extreme after a breakout?
etc.

In a casino you can use it to track Player/Banker, Pass/Don't Pass, etc.

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Re: The ideas that I trade by:

Postby Mira » Sun May 07, 2017 8:16 pm

MightyOne wrote:
Mira wrote:
I'm following MO, thank you!

So the Big Road helps us to not get fooled by smaller breakouts.. ?
It creates bigger patterns every time that price closes in an area, and this why a BO is visible only when we have a longer column :idea:


It helps me in a number of ways:
1) ease of comparing column lengths
2) neutral rendering of price history
3) it is compact and to the point
4) it can be used to record other outcomes:
Did I make 20 pips today? Blue = YES, Red = NO.
Did price continue 10 more pips after I exited? Blue = YES, Red = NO.
Did price close beyond an extreme after a breakout?
etc.

In a casino you can use it to track Player/Banker, Pass/Don't Pass, etc.



Cool!

Do you think that there is a way to find overbought and oversold conditions only on the Big Road?

thanks MO!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon May 08, 2017 1:32 am

Mira wrote:
Cool!

Do you think that there is a way to find overbought and oversold conditions only on the Big Road?

thanks MO!



No, it only tracks price movement.

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Re: The ideas that I trade by:

Postby Brzoza » Wed May 31, 2017 1:27 pm

Hi Mighty,
You still think that only what we need togood trade is three candles ?
What is important: the midpoint of the latest closed bar or the high/low of the latest closed bar?
P.s. sorry for my english

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Re: The ideas that I trade by:

Postby MightyOne » Wed May 31, 2017 3:38 pm

Brzoza wrote:Hi Mighty,
You still think that only what we need togood trade is three candles ?
What is important: the midpoint of the latest closed bar or the high/low of the latest closed bar?
P.s. sorry for my english


Trading is horizontal lines & the most important decision is how wide I am going to make them.

Without troubling you with a long post, I use:
1) horizontal lines spaced to 38.2% of the ATR of the last 48 hourly bars: x2 for H4, x4 for D1, x8 for W1, x16 for MN.
2) closing prices of large charts as price levels / 'ovals' / 'patterns': the 'something' from which price breaks out
and the 'something' to which price returns.

If I continued the list then the items would become increasingly less significant.

I consider the closes of the last 30 bars when looking at the mini charts.

Could I trade if my data was limited to 3 or 4 bars of each period? Yes, knowing where I am in the broader picture is more important than what the small charts are doing.

To answer your other question:
Without the knowledge that the high is going to be THE high or the low is going to be THE low, the midpoint of the current candle is the most significant price as it guarantees you at least half of the resulting range should the range expand.
You should be able to trade away from this midpoint using the horizontal lines of the hourly chart and the candle should stay open long enough for the midpoint to be left behind.




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