Hangaround Lounge

[Braathen]

I have been practicing trading off weekly+ extremes and the large numbers
250+ half.
For accumulation i have been using the 250+ half and daily+ extremes
moving my positon up/down staying behind the swings.

I was long monday and didnt make much profit due to oversizing last
push up and not closing it.. really wanted it to push long.
Price did make another go at it but failed missrebly (looked nice
on a higher TF) i then switched coming off weekly high looking to get 6 or 8.

[Braathen]

i LOVE weekly+ extremes...

Long EU of weekly low (setup looked sweet on 90m and upwards)


I always had a thing for GJ..


I have had some losses doing this but they are literally tiny.
My biggest problem is still accumulation when price is moving like
it did on GJ i have a hard time pulling the trigger on the way up/down.

[Braathen]

My trading atm feels more like im the guy standing at the back of the battle
field stepping a bit further back everytime something bad happens finally to run away.

I mean ofc when things go well i run behind the big lads and shout a little maybe...

Something is wrong

[Braathen]

"12 lots consumes more space than 04 lots so after a very short while there is a disconnect between what you are seeing on the chart and why you are placing new orders."
"The other traders must balance their gains and losses where in your case you can set pips on fire and place orders in the name of greed." -MO

This is where i am going! ^^^^^^

My position (00) is always a weekly+ extreme.
Sometimes price makes the extreme and i wait for a retrace.
Sometimes i feel the move making the extreme is the retrace
and will enter right off it.

But i must be missing out. With an entry at for exsample 9lots x whatever my acc is at or how much space i have absorbed for lotsizes over a sequal of trades.
I will simply let it ride until i hit a cash zone or a some other reason.

So im not actually doing anything with the trade where i think i should
be accumlating during the trade like a previous pic of mine but i found that more often then not i would loose all the profits ( i *censored - swear word* up pretty bad lol )
Since i have been resizing/absorbing after a trade.

I want to change this, when i get a run like this i want to get in there
all up in there face as a true keeper of the position

Heres is my latest trade. First picture is the 90m with a 2xCC, big
fast drop into the range making a weekly+ extreme.
Second picture is the 7m with postion and lotsize.





Sorry for the size of the pics

Any hints as to what it is im not doing would be much apriciated.

"not like anyone listens"
I do my very best to listen to you
Once again thank you for your guidence and effort.

[Braathen]

Maybe not intentionaly.. but i got my answer .. cheers.

[Braathen]

Balls to the wall you say, getting creative.
Thats what i feel i was doing in my last trade shown.

I didnt have enough space to get what i felt was a strong position
nor a good lotsize.
I had the range marked up and then saw the "2fast2furious" spike
giving me what i believed to be insecurity and a chance to profit.

Yes i may have been lucky etc etc but i defently wasnt just sizing my
space and longing 15 lots all day as you put it
I will however in the future make more sense of my lot sizes.
Also your last few pics have shown that with a bit of brain power
i could have come up with a better solution.

Also to newscalper. I love you man I really hope
my not answering your reply didnt offend.. i just simply hadnt got a clue what you ment and couldnt find any words to write.. sorry dude.

[Braathen]

Also the BO trailing position is just *censored - swear word* brilliant...
Thanks.

You once had a vision when you started posting here at kreslik.
I believe space is the perfect gift.. rest is up to us.

PS. the breakout trailing position also made me see
how simple the fibo is to do stuff without a calculater.
Like if you go from the 6 lot line to 4 you can just add 50% either
to your space or lotsize f.ex 50 pips of space at 4 lots becomes
either 75 pips of space at 04 or 50 pips of space at 6 lots.

[Braathen]

Just a little update for myself and anyone else interrested.

Im starting to get close to max lot size every trade.
2 trades this week so far have netted me a whopping 34% account growth.
My goal has been a percentage and not a pip/price related goal.

Yes i could have traded more but i like it when price moves.. so i wait
for when i think its gonna move.. like just now on the EU.

But damn! Its hurts a little to close out and see it keep running.
Im still working towards being a real position trader.

Hope everyone is doing well.. long live KR!

I hope that soon i will in my own mind desearve the right to help others.

[Karma]

It sounds like you're there sir

I'd love to see some charts

[trueblueTEX]

I'm in the (very) slow process of re-familiarizing myself with the trading methods being used here. I left for nearly a couple of years and just got "busy" with other things so I left Rat trading. I never kept up with MO's style, but that is what I'm looking to learn.
Thank god for bredin's site because I've learned the definitions of a lot of MO's jargon. Couldn't really follow it, before.

Glad to hear of your progress and would love to see some charts as well!!