Kreslik.com - traders community since 2006

MightyOne wrote:
Maybe we should start a 'Space Wars II: the strategy guide'

Good idea

In general, I try to play the s/r and add lots when it goes in the right direction. Space wars can help me to better control risk.

PebbleTrader wrote:I agree, PRICE is vastly more important than TIME.

I'm looking at time in the sense of consolidation or trending and to insure that my ideas generate profit in a reasonable amount of time.

I understand.

Personally, I prefer Renko chart.

I think time doesn't matter. Price is important, we trade price, not time.

weekly down

Monthly looks still up.

Pawl, Your pics are very miniature... kindly scale them up a bit. thx Depends on your broker time when you take daily opens into account.I I find mbt to be most accurate... Combine daily open with bredin's 3xcc indicator and turn and see how you ... Throw in a little sweet spot at 10 pips and look ...

Pawl, Your pics are very miniature... kindly scale them up a bit. thx Depends on your broker time when you take daily opens into account. I find mbt to be most accurate... Combine daily open with bredin's 3xcc indicator and turn and see how you ... Throw in a little sweet spot at 10 pips and look a...

This is how I see it. If a daily + chart is closing higher then buy at the daily+ extreme lows. I'll look to exit at extremes and managing my position with space. Still learning though. Can you show it in the picture? You mean something like this? http://www.bankfotek.pl/thumb/1229832.jpeg

The horizontal red line = present day.
Yellow line = d1 opening price

D1 opening price is very problematic because of the many false signals. Especially at low tf.

I think that this method can only work when the market is sideways.

When the market is in trend or is undecided, extreme points stop working.