Aliassmith Beats a "Dead Horse"

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
IgazI
rank: 150+ posts
rank: 150+ posts
Posts: 248
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 261
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Thu Feb 11, 2021 4:01 pm

NQ currently requires 10 point lines on the small chart due to the increased volatility; that is the size of the bricks that I am using for the large chart!

There is a lot of money to be made counting bricks, you just have to be observant and trade the common rotation numbers:

The current leg in the picture below made 5 bricks up and price has now retraced by 30 points.


count+brickula.png
count+brickula.png (81.99 KiB) Viewed 1066 times
insane+ranges.png
insane+ranges.png (60.33 KiB) Viewed 1060 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
IgazI
rank: 150+ posts
rank: 150+ posts
Posts: 248
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 261
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Thu Feb 11, 2021 5:34 pm

count+cont.png
count+cont.png (48.73 KiB) Viewed 1051 times

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2618
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 907
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Feb 11, 2021 6:20 pm

IgazI wrote:NQ currently requires 10 point lines on the small chart due to the increased volatility; that is the size of the bricks that I am using for the large chart!

There is a lot of money to be made counting bricks, you just have to be observant and trade the common rotation numbers:

The current leg in the picture below made 5 bricks up and price has now retraced by 30 points.


count+brickula.pnginsane+ranges.png


I guess I missed it. What kind of chart is the brick chart? I've seen renko and tick look like that.
Trade Your Way as Long as It Makes Money!

User avatar
IgazI
rank: 150+ posts
rank: 150+ posts
Posts: 248
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 261
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Thu Feb 11, 2021 7:40 pm

aliassmith wrote:
IgazI wrote:NQ currently requires 10 point lines on the small chart due to the increased volatility; that is the size of the bricks that I am using for the large chart!

There is a lot of money to be made counting bricks, you just have to be observant and trade the common rotation numbers:

The current leg in the picture below made 5 bricks up and price has now retraced by 30 points.


count+brickula.pnginsane+ranges.png


I guess I missed it. What kind of chart is the brick chart? I've seen renko and tick look like that.


Bricks, blocks, boxes, lines, ... renko, P&F, it's all the same thing;
all that we want to know is roughly how many lines price moves through before there is a price rotation, a change in direction:

And you didn't "miss it"; opportunity is around every rotation.

cnt.png
cnt.png (64.83 KiB) Viewed 1014 times

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2618
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 907
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Feb 11, 2021 11:04 pm

IgazI wrote:
aliassmith wrote:
IgazI wrote:NQ currently requires 10 point lines on the small chart due to the increased volatility; that is the size of the bricks that I am using for the large chart!

There is a lot of money to be made counting bricks, you just have to be observant and trade the common rotation numbers:

The current leg in the picture below made 5 bricks up and price has now retraced by 30 points.


count+brickula.pnginsane+ranges.png


I guess I missed it. What kind of chart is the brick chart? I've seen renko and tick look like that.


Bricks, blocks, boxes, lines, ... renko, P&F, it's all the same thing;
all that we want to know is roughly how many lines price moves through before there is a price rotation, a change in direction:

And you didn't "miss it"; opportunity is around every rotation.

cnt.png


Is this something you are testing or do you use it all the time?
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
IgazI
rank: 150+ posts
rank: 150+ posts
Posts: 248
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 261
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Fri Feb 12, 2021 12:41 am

aliassmith wrote:
Is this something you are testing or do you use it all the time?


I am not the only one who uses this:
https://www.youtube.com/watch?v=Gqtak3arz_c&t=0s

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2618
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 907
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Feb 20, 2021 1:46 am

Trade price structure only.
Price makes new swing low with a pullback
2R trade on a short from the arrow

Interesting how price struggles at 1R and 2R areas
Attachments
Screenshot_20210219-204104_MetaTrader 4_crop_18.jpg
Screenshot_20210219-204104_MetaTrader 4_crop_18.jpg (92.23 KiB) Viewed 394 times
Trade Your Way as Long as It Makes Money!

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby thepark » Sat Feb 20, 2021 3:13 am

aliassmith wrote:Trade price structure only.
Price makes new swing low with a pullback
2R trade on a short from the arrow

Interesting how price struggles at 1R and 2R areas


nice trade! after the swing low, do you interpret the increased green momo up as long bias, and then since the down momo's body is bigger than the green it turns bearish again?

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2618
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 907
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Feb 20, 2021 4:18 am

thepark wrote:
aliassmith wrote:Trade price structure only.
Price makes new swing low with a pullback
2R trade on a short from the arrow

Interesting how price struggles at 1R and 2R areas


nice trade! after the swing low, do you interpret the increased green momo up as long bias, and then since the down momo's body is bigger than the green it turns bearish again?


I think I follow your question. I was looking at structure. We have LOWER HIGHS and LOWER LOWS. Once the red "trigger" candle shows up it looks like a continuation of the structure.

If you had the 20 sma on there it would also have been a pullback under the 20.

It also looks like a 50% retrace.

Over all the price action and structure were very clean. I've been using the m15 charts more since volatility has decreased.
Trade Your Way as Long as It Makes Money!

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby thepark » Sat Feb 20, 2021 9:38 am

aliassmith wrote:
thepark wrote:
aliassmith wrote:Trade price structure only.
Price makes new swing low with a pullback
2R trade on a short from the arrow

Interesting how price struggles at 1R and 2R areas


nice trade! after the swing low, do you interpret the increased green momo up as long bias, and then since the down momo's body is bigger than the green it turns bearish again?


I think I follow your question. I was looking at structure. We have LOWER HIGHS and LOWER LOWS. Once the red "trigger" candle shows up it looks like a continuation of the structure.

If you had the 20 sma on there it would also have been a pullback under the 20.

It also looks like a 50% retrace.

Over all the price action and structure were very clean. I've been using the m15 charts more since volatility has decreased.


appreciate the explanation Alias. agree with you about the decreased volatility, lately its been one big move a week. do you think its a structural change where vol will decrease indefinitely?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”