PowerX Strategy "PowerZ"

[IgazI]

What about the wicks? you just use a smaller chart, like an M10.

Closing ranges on an H3 chart is not a 9-hour candle, it is still just a 3-hour line chart; only, instead of being blinded by a continuous line, you can actually make sense of the chart.

When it comes to trading charts, you are just risking the space between lines to make a multiple of risk.

Reading a chart is simple: price can only be:
- up from a previous point
- down from a previous point
- in something
- out of something.

If you know that you are basically trading a daily chart then you know that you don't have to rush to get the money in there:
- start with 1 lot and have a goal of reaching 6 lots.
- increase your lot size like this: 1 + 1 + 2 + 2: only add size after taking profit, and trade at a size of 4+ using only profit.

Get out of half, get taken out for the other half.

Double your minimum size and you double your maximum size; how is that for scaling up?

When you take an entry, you are looking for there to be a favorable plot on your larger chart; how do you feel about the likelihood of that happening?

H3 vs D1:

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<==BODIES || WICKS ==>

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[BambinoFlex]

Igazi, can I upload your indicators to the Discord "Kreslik -2" server?

- - - -

Be the fly on the elephants back! I was long CADJPY but moved my stop to the daily low, got stopped out, and price continued higher. Not sure if I should have re-entered, but I'm assuming as long as price closed above my range/pattern, I should have gotten on the move.

I've been curious to know, by following the idea of price closing above and below ranges, wouldn't it be possible to trade both directions? Technically free of bias, or do you only trade with the larger chart, repositioning at the pulback?

[IgazI]

Igazi, can I upload your indicators to the Discord "Kreslik -2" server?

- - - -

Be the fly on the elephants back! I was long CADJPY but moved my stop to the daily low, got stopped out, and price continued higher. Not sure if I should have re-entered, but I'm assuming as long as price closed above my range/pattern, I should have gotten on the move.

I've been curious to know, by following the idea of price closing above and below ranges, wouldn't it be possible to trade both directions? Technically free of bias, or do you only trade with the larger chart, repositioning at the pulback?

You can do with the indicators as you like; spread the religion of closing prices far and wide

I'm not going to tell you what to do, but here's how I do it:
0) be inclined not to use a stop loss.
1) what is the highest price that I would buy gold?
2) if price starts trading lower than #1, place a sell limit at that price.
3) if I don't get filled then I am going to start walking the orders down.
alternatively, I can wait for price to break a TL, place the sell limit around the break, and then walk it down as needed.
4) If price makes a "significant" (some relief enters my body) retracement towards the limit, then I can go ahead and place a stop at the low.

What happens if there is a sharp move down? I'm going to drop my sell limit 2/3 of the way to the current price, from whence it came.

As a swing trader, all of these moves on the M10 mean "nothing" to us; we can afford to wait and exit on our terms.

Swing trading is a lot of "day trading", we just call it by different names; attempt_#1, attempt_#2,

You can do anything, and who can tell you what you should do?

It was several years after dchappy's thread that I started using line charts; change doesn't happen overnight.

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[Don_xyZ]

Igazi, can I upload your indicators to the Discord "Kreslik -2" server?

- - - -

Be the fly on the elephants back! I was long CADJPY but moved my stop to the daily low, got stopped out, and price continued higher. Not sure if I should have re-entered, but I'm assuming as long as price closed above my range/pattern, I should have gotten on the move.

I've been curious to know, by following the idea of price closing above and below ranges, wouldn't it be possible to trade both directions? Technically free of bias, or do you only trade with the larger chart, repositioning at the pulback?

You can do with the indicators as you like; spread the religion of closing prices far and wide

I'm not going to tell you what to do, but here's how I do it:
0) be inclined not to use a stop loss.
1) what is the highest price that I would buy gold?
2) if price starts trading lower than #1, place a sell limit at that price.
3) if I don't get filled then I am going to start walking the orders down.
alternatively, I can wait for price to break a TL, place the sell limit around the break, and then walk it down as needed.
4) If price makes a "significant" (some relief enters my body) retracement towards the limit, then I can go ahead and place a stop at the low.

What happens if there is a sharp move down? I'm going to drop my sell limit 2/3 of the way to the current price, from whence it came.

As a swing trader, all of these moves on the M10 mean "nothing" to us; we can afford to wait and exit on our terms.

Swing trading is a lot of "day trading", we just call it by different names; attempt_#1, attempt_#2,

You can do anything, and who can tell you what you should do?

It was several years after dchappy's thread that I started using line charts; change doesn't happen overnight.

walk_limit.png

Not to butt in...

1. Get your bias.
2. If bias is intact and you use SL, then have a re-entry strategy in place. If bias is broken be prepared to switch side.
3. If you don't use SL wait until bias is broken before cutting the loss and switch side.

It doesn't matter if it's big tf or small tf the concept of running SL of many trader is the same. Check out my last post in pattern observation thread. I have the same examples in the past too, also no SL.

[IgazI]

Not to butt in...

1. Get your bias.
2. If bias is intact and you use SL, then have a re-entry strategy in place. If bias is broken be prepared to switch side.
3. If you don't use SL wait until bias is broken before cutting the loss and switch side.

It doesn't matter if it's big tf or small tf the concept of running SL of many trader is the same. Check out my last post in pattern observation thread. I have the same examples in the past too, also no SL.

Feel free

Your last post was a good example of why to exit with limit orders. . .so many games.

I have no idea how this picture played out, I just know that I would have moved my limit order from the first to the second level and then up from there as needed.

If you have a small account, a large initial size, or you're a day trader, then of course you can't afford to wait.

Stops can be a thing if you're dealing with limited OPM. . .
that's why I said "be inclined not to" instead of "don't".

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[IgazI]

I've identified which part of the updated code is deleting scrips and messing with the experts, but I don't know what to do about it

I've reverted back to the version V1b, which I believe that I included in the zip contained in the first post.

Attached is an indicator that increases the size of the price scale so that you can actually read it.

I've been tempted to just not use Metatrader and call it a loss I keep telling myself that we are just one more indicator away from making sht shine

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[IgazI]

Gold has been making moves lately. . .

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[IgazI]

You fanboys are so silly

If only it were not so sad. . .

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[prochargedmopar]

Gold has been making moves lately. . .

is_GOLD.png

D1/h3/m10?

What happened to the m3 pushing the h4, DO NOT REVERSE?

[prochargedmopar]

You fanboys are so silly

If only it were not so sad. . .

teaches.png

That's a good one.

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