The ideas that I trade by:

[MightyOne]

SURPRISE!

XAUUSDecnM15.png (36.89 KiB) Viewed 3834 times

[MightyOne]

You either see it or you don't.

I don't know what else to tell you.

AUDJPYecnM15.png

What do the W, B and eights mean?
And the red,orange, blue lines on the H8 chart?

Also do you trade a cone like u trade a channel? For example buy from a widening bottom to a widening top.
I know pennant is good for a breakout set up.

Thanks.

B: Body in the direction of profit.
W: Wick in the direction of loss.

"...And the red, orange, blue lines on H8 chart"

A cone is used, by me, as an overbought/oversold indicator.
I trade away from the current breakout &/or midpoint.

An "Eight" is a macro-pip sized to the Eight.
If you would scalp pips at $20/pip on a small chart then you would scalp larger charts (or simply reduce volatility) at $20/Eight($2.50/pip) or $20/Sixty-four($.3125/pip).

[MightyOne]

What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer

XAUUSDecnM15.png (34.87 KiB) Viewed 3817 times

[MightyOne]

Please never go
Do you want some entertainment on Kreslik? What kind of entertainment do you prefer?

And to add some useful, here is a chart:

Take notes, keep a journal, learn to do one thing better each week.

[prochargedmopar]

What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer

XAUUSDecnM15.png

So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.

[MightyOne]

What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer

XAUUSDecnM15.png

So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.

I only know the name Rob Booker, but based on what you are saying he sounds like a smart man

Everyone out of the pages of the Market Wizards to the fund managers to the guys selling expensive courses say the same thing but somehow you know something different; that's ok PRO, if you know different then do it different

[Braathen]

so both those lines are drawn as medians?

If we are talking about the angles, the cone lines can be the high, low, or middle of a pitchfork; but you don't always need that much information, here we can see what is high and what is low by simply looking at the cone.

Yes i mean the angles

Like this where i built the pitchforks at the extreme and then traded them. I like the way you say its like an overbought/sold indicator
The thick lines are the "cone".



Ill be looking into the eights. Looks interresting.
And thanks for the heads up on gold

[v8power]

What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer

XAUUSDecnM15.png

So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.

I only know the name Rob Booker, but based on what you are saying he sounds like a smart man

Everyone out of the pages of the Market Wizards to the fund managers to the guys selling expensive courses say the same thing but somehow you know something different; that's ok PRO, if you know different then do it different

Funny how those that arent profitable always know different

[v8power]

so both those lines are drawn as medians?

If we are talking about the angles, the cone lines can be the high, low, or middle of a pitchfork; but you don't always need that much information, here we can see what is high and what is low by simply looking at the cone.

Yes i mean the angles

Like this where i built the pitchforks at the extreme and then traded them. I like the way you say its like an 8overbought/sold indicator
The thick lines are the "cone".



Ill be looking into the eights. Looks interresting.
And thanks for the heads up on gold

Anyone notice a theme of the profitable traders on this site. They listen to those who know something they dont. They study and learn what they are told. And they learn by doing over and over again until they are profitable. Look at dragon, espip, jala, capt p., tro, braathen, MO (sorry if I didnt mention you, those just popped in my head).

All those traders trade differently. All are profitable. All have put considerable amount of time into learning/mastering what they do. Losing traders share the same qualities. Excuses and a belief they know better then those who win and a unwillingness to change.

[jrtrading]

Anyone notice a theme of the profitable traders on this site. They listen to those who know something they dont. They study and learn what they are told. And they learn by doing over and over again until they are profitable. Look at dragon, espip, jala, capt p., tro, braathen, MO (sorry if I didnt mention you, those just popped in my head).

All those traders trade differently. All are profitable. All have put considerable amount of time into learning/mastering what they do. Losing traders share the same qualities. Excuses and a belief they know better then those who win and a unwillingness to change.

That's the truth right there, albeit difficult to admit.