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This chart shows best how I look at price and where I look to take trades. Red lines mark bearish breakouts and there start at an extreme, green show bullish. Yellow line shows price close over a line and then price closes under the line and continues to close under it. To me this is what MO has be...

learn by practicing. consistency is key i have been thinking that entering at the bottom of a cone is a lower risk trade than at the cone breakouts because it could be "overbought" or "continue" i will try to enter at the bottom of the cone for longs (extremes) as much as possibl...

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: That GJ did m...

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

^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 brea...

can you guys see if im doing this right? im learning to scalp MACROS what is the general idea behind trading cones. buying and selling at the lows and highs of the cones...buying the breakout if it closes high and vice versa. edit* if cones are continually expanding from a center point, then it make...

1) Thanks Mighty, yes, I understand the math. What I am wondering is whether I am doing things the most efficient way or not - since entries/adds are subjective, there is no way for me to backtest for expected return. 2) So, in this example, should I have been forcing adds? Yes, I could take a loss...

newark18 wrote:Not that I matter but I still read this thread!

hey newark you might not remember me, but we messaged on gchat for a bit way back when. glad to see you're still on kreslik.

Assuming he added 3 zeros in 3 months (hats off to you) that is about 11.59% per day...3% risk should do it. Risk starts at 0.5%, then OPM gets added to it, then I risk anywhere from 5-10% on a HTF trade (which can easily net 100% in 1 trade). I dont recommend doing what I do. But I wanted to try a...

[quote http://i64.tinypic.com/mt0c5y.png ] A shitty week for G/U for my Asain/London breakout setup. Depending how you traded it you had around 4 or so losers, 3 possible B/E and 3 winners over 2:1. Would have made between 10-30% for the week (pretty pathetic) But s**t pro, trading as a green rat y...