The ideas that I trade by:

[PebbleTrader]

This intense breathing technique I have found can fix a lot of problems in the body. It is very simple/easy/quick/impactful

https://www.youtube.com/watch?v=RW1C_3OXhEs

I hope all has been well

Have The Best Day Ever!

https://www.youtube.com/watch?v=RW1C_3OXhEs

[MightyOne]

This intense breathing technique I have found can fix a lot of problems in the body. It is very simple/easy/quick/impactful

https://www.youtube.com/watch?v=RW1C_3OXhEs

I hope all has been well

Have The Best Day Ever!

https://www.youtube.com/watch?v=RW1C_3OXhEs

Pebble! Nice to see you around these parts again!

Thanks for the links.

[MightyOne]

I knew that it was a bullish fractal...
everything else was off

AUDNZDH1.png (24.51 KiB) Viewed 2415 times

Below is a slightly edited version of a reply I sent today by email.

If it sounds all too familiar then just skip it

Code: Select all

 The 'line method' is the easiest way to manage your money:

 How quickly one 'stacks' size is based on the number of segments within the initial risk-box.

 If my risk is $100 and I divide it into 8 lines then stacking occurs when the total number of lines is greater than 8.
 If each line is worth $12.50 and I make 4 lines then my new trades size is (12/8)12.5 or $18.75 per line
 &, if I need to adjust it to $18 even, that is simply (18.75/18)8 or 8.333 lines of $18.

 I gain 2 more lines, (10.333/8)18 = $23.25, (23.25/23)8 = 8.086 lines of $23.

 Adding to active trades is a more advanced skill that gets people into trouble.

 If I lose 2 lines then either have 6 lines or a can maintain 8 lines:
 (6.086/8)23 = 8 lines of $17.50

 A better way to make sure that your lines survive is to allocate lines to larger charts
 eg
 H1: 6 lines
 H4: 2 lines
-------------------->
 H1: 8
 H4: 8
 D1: 4
 etc
 
 The fastest way to spread out is to stack first:

 I have 15.086 lines of $23.
 (23/12.50)15.086 = 27.758 lines of $12.50 <---return to normal size to multiply space
 
 Allocate lines:
 H1: 8.758
 H4: 8
 D1: 8
 W1: 2 
 MN 1


[nat]

Hey MO, hope all is well

In this picture i have price levels boxed out. is there something that would indicate to accumulate in these boxes or wait for a body in direction of profit as the black lines show? I ask this because for the first one it looked to be a short because price was kind of making zigzags under the pattern. thanks.

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[MightyOne]

Hey MO, hope all is well

In this picture i have price levels boxed out. is there something that would indicate to accumulate in these boxes or wait for a body in direction of profit as the black lines show? I ask this because for the first one it looked to be a short because price was kind of making zigzags under the pattern. thanks.

Everyone will have different ideas based on timeframe, accumulated profits, strategic repositioning, etc.

You don't need to spend your time trying to predict what price will do, simply seek to consistently apply concepts and manage your money well.

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[MightyOne]

Jeez + us

EPIC ZL

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[v8power]

Jeez + us

EPIC ZL

GBPAUDM15.png

Yea that one paid good.

[tom7ak]

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MO, this pointy candle, is this a momentum hugging candle? or its not because it broke the low of the momentum candle and failed to close below?

[MightyOne]

A price level is a magnet that attracts multiple closing prices.

Find a price level, create a zone, risk lines, & make lines.

All price action is breakouts and the thing behind the breakouts that we call 'patterns'.

What matters most is position sizing, line management, and stacking; the chart is just there to show you how to best to
these things.

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[MightyOne]

"Pigs are investors whose goal is to make the most amount of money in the shortest amount of time..." -The Motley Fool

Well damn, they're right!

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