The idea's we trade by, so we never lose again. p2. The students become the masters

[PhilipLangford]

Picture says it all.

What is a downtrend. 2 lower lowers and 2 lower highers. Then you have a 1hr momo bar that no other 1hr momo bar can close above its 50% area. So we.....Sell. Then we look to exit at a BO were traders moved their SL to breakeven. Rinse and repeat.

Here's that downtrend between the two trendlines.
According to price action, GU was heading south as brilliantly analyzed by Mr.Hyde.
Then suddenly there was news about progress in Brexit negotiations which nullified the analysis and gave strong upward momentum.
We can now see traders getting zlined left and right.
This is not to take away from the methods of Mr.Hyde, which are massively valuable, just to highlight the fact that news events
can and do shove the markets around. Why not just wait around for news, see what the market does, then trade with that generated momentum?
There ought to be several high probability trades a week doing this.


Edit: quote

[Jalarupa]

Picture says it all.

What is a downtrend. 2 lower lowers and 2 lower highers. Then you have a 1hr momo bar that no other 1hr momo bar can close above its 50% area. So we.....Sell. Then we look to exit at a BO were traders moved their SL to breakeven. Rinse and repeat.

download/file.php?id=23448

I have no right to post anymore as I do not follow any of these threads...

BUT I feel like this is something that may be worthwhile to some...?



Price enters the cone... Price exits the cone... follow Price...

[Mira]

Picture says it all.

What is a downtrend. 2 lower lowers and 2 lower highers. Then you have a 1hr momo bar that no other 1hr momo bar can close above its 50% area. So we.....Sell. Then we look to exit at a BO were traders moved their SL to breakeven. Rinse and repeat.

download/file.php?id=23448

I have no right to post anymore as I do not follow any of these threads...

BUT I feel like this is something that may be worthwhile to some...?



Price enters the cone... Price exits the cone... follow Price...

Jala!

I think that it’s the opposite: the more you post, the more we are happy!

With time I’m learning to draw lines as you suggested in the past (using previous hooks), but I still have problems to trade them.. well, really I don’t know how
Any suggestion, chart or “angles for dummies” is always WELL accepted!

Thanks man!

DD87D4E7-CC31-482A-9268-71B28C877F7D.png (76.6 KiB) Viewed 3471 times

[Jalarupa]

There is a very simple and good explanation of trendlines in this book...

http://www.cabafx.com/trading-ebooks-co ... lForex.pdf

But to me it looks like you are going to be fine

Cone high (upper trendine) is resisting price... at the moment a break higher signifies a new leg up...

[PhilipLangford]

Picture says it all.

What is a downtrend. 2 lower lowers and 2 lower highers. Then you have a 1hr momo bar that no other 1hr momo bar can close above its 50% area. So we.....Sell. Then we look to exit at a BO were traders moved their SL to breakeven. Rinse and repeat.

download/file.php?id=23448

I have no right to post anymore as I do not follow any of these threads...

BUT I feel like this is something that may be worthwhile to some...?



Price enters the cone... Price exits the cone... follow Price...

Jala!

I think that it’s the opposite: the more you post, the more we are happy!

With time I’m learning to draw lines as you suggested in the past (using previous hooks), but I still have problems to trade them.. well, really I don’t know how
Any suggestion, chart or “angles for dummies” is always WELL accepted!

Thanks man!

DD87D4E7-CC31-482A-9268-71B28C877F7D.png

Hey Mira,
Might I suggest not attempting to trade directly off the trendlines, but rather use them for confluence. If you see a failure to close past your horizontal line, price is in a MZ from somewhere AND the extreme is bouncing off your trendline...good to go

[Mira]

download/file.php?id=23448

I have no right to post anymore as I do not follow any of these threads...

BUT I feel like this is something that may be worthwhile to some...?



Price enters the cone... Price exits the cone... follow Price...

Jala!

I think that it’s the opposite: the more you post, the more we are happy!

With time I’m learning to draw lines as you suggested in the past (using previous hooks), but I still have problems to trade them.. well, really I don’t know how
Any suggestion, chart or “angles for dummies” is always WELL accepted!

Thanks man!

DD87D4E7-CC31-482A-9268-71B28C877F7D.png

Hey Mira,
Might I suggest not attempting to trade directly off the trendlines, but rather use them for confluence. If you see a failure to close past your horizontal line, price is in a MZ from somewhere AND the extreme is bouncing off your trendline...good to go

Thank Philip!

I have to learn a lot about it.
My face when i'm trying to understand angles --> LOL

[PTG]

Turn TRO's dfsr indy iperiods to 10 instead of 5. Then its like trading S/R with training wheels.

Talking about DFSR, for some reason the name of Lord Tedders popped up in my mind. If I remember correctly, he was on Kreslik when I first came here a while back. He had a Youtube channel with some interesting ideas; I checked it out and it's still there. 240p resolution only, but that doesn't make it any less worthwhile to watch imo.

This is the channel (I found 4 videos): https://www.youtube.com/user/lordtedders

Video about 3LL scalping strategy using DFSR indi: https://www.youtube.com/watch?v=a4Qs6_-f0iM

Might be helpful for some.

EDIT Kreslik user name is eudamonia

[Mira]

Turn TRO's dfsr indy iperiods to 10 instead of 5. Then its like trading S/R with training wheels.

Talking about DFSR, for some reason the name of Lord Tedders popped up in my mind. If I remember correctly, he was on Kreslik when I first came here a while back. He had a Youtube channel with some interesting ideas; I checked it out and it's still there. 240p resolution only, but that doesn't make it any less worthwhile to watch imo.

This is the channel (I found 4 videos): https://www.youtube.com/user/lordtedders

Video about 3LL scalping strategy using DFSR indi: https://www.youtube.com/watch?v=a4Qs6_-f0iM

Might be helpful for some.

EDIT Kreslik user name is eudamonia

GOLDEN!
Thanks for sharing!

[prochargedmopar]

I markup 400 charts a weekend.

[PhilipLangford]

Trying out Dragon Style.
I'm hooked. There's no turning back. The fib tool is an H4 candle off a number 3 sema.