xXx wrote:MO or PebbleTrader or anyone...
Could you present Space Wars in a form of a video
I'm not making you a video
The ideas that I trade by:
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trueblueTEX
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trueblueTEX
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MightyOne wrote:xXx wrote:MO or PebbleTrader or anyone...
Could you present Space Wars in a form of a video
I'm not making you a video
Hey MO, I've made a couple of notes in green ( and a little in gold) on your pic. Could you tell me if I'm interpreting you correctly?
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trueblueTEX
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Basic Strategy:
D3 & D9 are used in unison as (instead of) the weekly chart; all technical analysis is done on these charts.
Because Space is tight initially, I use 7 to/or 30 minute charts to trade off of D3 or D9 extremes. It is important to remember that I am not trading the small(er) charts but 00 as seen from the weekly level.
There are times when I am on the small(er) chart and see something 'obvious' that I trade with 4 or 5 units.
In periods of high volatility I will use 50 & 150 second charts.
Rarely, I will be in the right place at the right time to find position (00) on the monthly chart (D15 & D45) & when that happens I trade it just as I would the weekly chart.
The key ideas are:
1) A stop loss on a large chart so that I have both the time and space to safely accumulate size.
2) Accumulating size so that I actually get paid something I can live on =)
D3 & D9 are used in unison as (instead of) the weekly chart; all technical analysis is done on these charts.
Because Space is tight initially, I use 7 to/or 30 minute charts to trade off of D3 or D9 extremes. It is important to remember that I am not trading the small(er) charts but 00 as seen from the weekly level.
There are times when I am on the small(er) chart and see something 'obvious' that I trade with 4 or 5 units.
In periods of high volatility I will use 50 & 150 second charts.
Rarely, I will be in the right place at the right time to find position (00) on the monthly chart (D15 & D45) & when that happens I trade it just as I would the weekly chart.
The key ideas are:
1) A stop loss on a large chart so that I have both the time and space to safely accumulate size.
2) Accumulating size so that I actually get paid something I can live on =)
Last edited by MightyOne on Mon Mar 25, 2013 12:47 am, edited 1 time in total.
trueblueTEX wrote:MightyOne wrote:xXx wrote:MO or PebbleTrader or anyone...
Could you present Space Wars in a form of a video
I'm not making you a video
Hey MO, I've made a couple of notes in green ( and a little in gold) on your pic. Could you tell me if I'm interpreting you correctly?
When you are in a trade, ## is the current price and 00 remains fixed where you last placed it.
If you double your size on ## (the current price) then 00 drops to the 50% retracement (# / (#*2) = 0.50) where ever the 50 RET is at the time of the trade.
So yes & yes
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trueblueTEX
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