BambinoFlex wrote:Hmmm, I think I got it. In essence, it’s to exit/enter on a pull back with an order ready in place vs a market execution?
Correct.
Price is 'trending' against your position when you move to exit with a limit order.
PowerX Strategy "PowerZ"
Moderator: moderators
Re: PowerX Strategy "PowerZ"
Correct.
Price is 'trending' against your position when you move to exit with a limit order.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
BambinoFlex
- rank: 500+ posts
- Posts: 557
- Joined: Thu Oct 10, 2019 4:40 am
- Reputation: 336
- Location: Houston
- Real name: Jorge "George" Alvarado
- Gender:
Re: PowerX Strategy "PowerZ"
IgazI wrote:BambinoFlex wrote:Hmmm, I think I got it. In essence, it’s to exit/enter on a pull back with an order ready in place vs a market execution?
Correct.
Price is 'trending' against your position when you move to exit with a limit order.
I see it, tried it on a few trades last night for entry and it easily meshed with my ideas.
I’ll try some exit examples and see how it ends up working out but I like it.
"If you're wrong, guess what...thats TRADING"
Re: PowerX Strategy "PowerZ"
Did you fall for it? I wasn't amused by their shenanigans 
- IMG_0657.jpeg (139.27 KiB) Viewed 1507 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
It's easy to be a doomer, to say what everyone else is saying, it's not so easy to 'hold onto your religion' in the face of adversity.
- ^UPDATE.png (80.66 KiB) Viewed 1418 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Re: PowerX Strategy "PowerZ"
I have reduced my exposure to crypto by around 25%:
I feel that I can achieve the same profit targets with less.
I feel that I can achieve the same profit targets with less.
- IMG_0658.jpeg (87.76 KiB) Viewed 1404 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
This is the way I see it. . .
No matter which small tf you use, it is going to 'plug' into a waypoint, and these waypoints are going to form ranges, and price is either going to move above or below ranges.
The upper limit for an intraday waypoint is about 30 minutes; the information loss (dissimilarity to small charts) rapidly increases from there.
No matter which small tf you use, it is going to 'plug' into a waypoint, and these waypoints are going to form ranges, and price is either going to move above or below ranges.
The upper limit for an intraday waypoint is about 30 minutes; the information loss (dissimilarity to small charts) rapidly increases from there.
- thoughts_charts.png (21.81 KiB) Viewed 1314 times
- horizontal_lines.png (57.46 KiB) Viewed 1306 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
LOL! 
Somebody needed money.
Somebody needed money.
- lulz.png (92.44 KiB) Viewed 1258 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
Day traders are some of the most emotionally driven creatures, and you all want to sit in a room with them and hear the vomit. 
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
This is quality entertainment right here, boys
- amused.png (85.82 KiB) Viewed 1180 times
- ^UPDATE_.png (61.19 KiB) Viewed 1144 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.