Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15?
THE MACRO PIP
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- prochargedmopar
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Re: THE MACRO PIP
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Re: THE MACRO PIP
prochargedmopar wrote:Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15?
There was a double failure on the daily chart which prompted a closer look.
You can simply watch the daily and reduce from 3 to 2 units or from 5 to 3 and move your stop so that
it is unlikely that you will lose money...&/or you can use horizontal lines and decision points so that if
'this' or 'that' happens you will take a certain action.
Plan your trade and trade your plan, but...
...if you see something different then do something different
- prochargedmopar
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Re: THE MACRO PIP
Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.
I saw these and was drawing cones/channels while you were drawing that simplified version.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: THE MACRO PIP
Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.
Sometimes you only need to know that it is there.
I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.
- prochargedmopar
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Re: THE MACRO PIP
It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do you consider failures on this chart? Tallinex closes/opens
Which 2 spikes lower do you consider failures on this chart? Tallinex closes/opens
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Re: THE MACRO PIP
It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do yo consider failures on this chart? Tallinex closes/opens
I believe that last close and current open should be the same price & that is why I
use the 'perfect open' indicator.
The first failure is the higher low and the second is the breakout of said low and close higher.
- prochargedmopar
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Re: THE MACRO PIP
Just to double check what we are looking for,
Going in direction of the weekly trend would be a bonus.
Like here:
Going in direction of the weekly trend would be a bonus.
Like here:
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: THE MACRO PIP
Nothing is 100%, but these signals are very strong.
- volnmar
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Re: THE MACRO PIP
MightyOne wrote:Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.
Sometimes you only need to know that it is there.
I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.
please how to draw the right cone?
Just learning
- aliassmith
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Re: THE MACRO PIP
MightyOne wrote:Bodies, Wicks, & Horizontal lines:
My favorite!
Trade Your Way as Long as It Makes Money!
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