The ideas that I trade by:

Post by **MightyOne** » Tue May 31, 2016 2:27 pm

thepark wrote:can you guys see if im doing this right? im learning to scalp MACROS

what is the general idea behind trading cones. ...

: kinda_sorta.png (31.86 KiB) Viewed 3381 times

thepark · Post by **thepark** » Tue May 31, 2016 2:35 pm

Sacrophage wrote:^I am just learning as well, but this is my take. It hasn't broken through resistance and risk looks like the 3 semafor on the downside, so, no, I would not go long there. Long from cone bottom or below if possible, and vice-versa, with a tight stop. Cone is just a resting place until the next breakout, so be ready to cut if you're wrong.

Thanks, Sacrophage. Your comments are valuable. I shorted GJ at the top of the cone.

thepark · Post by **thepark** » Tue May 31, 2016 2:41 pm

MightyOne wrote:
thepark wrote:can you guys see if im doing this right? im learning to scalp MACROS

what is the general idea behind trading cones. ...

kinda_sorta.png

thanks MO, lol im using cones recklessly over here, just shorted GJ and EJ :lol:

Post by **MightyOne** » Tue May 31, 2016 2:51 pm

Trade what you see.

EDIT: after a "continue" a long candle will be "overbought"/"oversold".

: PTG_CHART.png (25.25 KiB) Viewed 3365 times

aliassmith · Post by **aliassmith** » Tue May 31, 2016 3:29 pm

If you want MO to stick around then post some P@F charts. He drools over them

laksh · Post by **laksh** » Tue May 31, 2016 3:50 pm

thepark wrote: I shorted GJ at the top of the cone.

I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided. :wink:

aliassmith · Post by **aliassmith** » Tue May 31, 2016 4:08 pm

laksh wrote:
thepark wrote: I shorted GJ at the top of the cone.

I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided.

That GJ did move nice. I just picked up 7/8's.

Sacrophage · Post by **Sacrophage** » Tue May 31, 2016 7:17 pm

Updated - took an SL on GJ -1%, trying again for a long now...

EDIT: that was fast, 1% clawed back with 2X leverage - exited and re-entered risking 1% with SL at 159.75

prochargedmopar · Post by **prochargedmopar** » Wed Jun 01, 2016 4:47 am

aliassmith wrote:
laksh wrote:
thepark wrote: I shorted GJ at the top of the cone.

I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided.

That GJ did move nice. I just picked up 7/8's.

Without size, nothing is possible.
Nice size you have there...

Braathen · Post by **Braathen** » Wed Jun 01, 2016 6:06 am

Cones and PnF continuation.

GJ following nicly. Im really liking the mix of PnF with 1h+ cones.

Cant seem to get the PnF pic to stand up straight #-o

Kreslik.com - traders community since 2006

The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by:

Re: The ideas that I trade by: