Aliassmith Psychology 101 and other stuff

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prochargedmopar
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Postby prochargedmopar » Mon Jun 07, 2010 11:58 pm

MightyOne wrote:
aliassmith wrote:I think the success went to my head. Had 16 days up and then I thought
I was superman and went two days down. I went back to figure out what
happen and I figured out I was not following my strategy and also blindly
holding on to losses. :(

Correction plan for next week: Follow plan or DIE! :lol:


In my opinion, a gain is having the funds to trade more and a loss is lacking the funds to maintain your position size.


A total and complete change in the way MOST people think.
Nice to hear it's possible.
#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

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Postby aliassmith » Tue Jun 08, 2010 4:57 pm

What story does the candle with the arrow pointing at it tell?
How about the candle after that one?
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Postby gfg1 » Tue Jun 08, 2010 5:15 pm

Often referred to a 1 ticker. Designed to break the high or low by 1 tick to fake everyone into going the wrong way. If you expand out your chart, the same thing happened at the high of the day at 11:55 eastern, 1 tick higher than previous bar.

Kind of looks like a reversal bar, but never looked into it with any great detail.

aliassmith wrote:What story does the candle with the arrow pointing at it tell?
How about the candle after that one?
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Postby Humble » Wed Jun 09, 2010 12:08 am

That'll teach em to wait till the candle closes!
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby aliassmith » Wed Jun 09, 2010 4:30 am

gfg1 wrote:Often referred to a 1 ticker. Designed to break the high or low by 1 tick to fake everyone into going the wrong way. If you expand out your chart, the same thing happened at the high of the day at 11:55 eastern, 1 tick higher than previous bar.

Kind of looks like a reversal bar, but never looked into it with any great detail.

aliassmith wrote:What story does the candle with the arrow pointing at it tell?
How about the candle after that one?


Not saying you are wrong, but try to think about it like "they" are not out to
get you.

Lets consider it as price action and what it says.

Candle 1 ticked below the low of the other 2 candles low I marked.

What happend? Price hit a stack of orders at that level (SL Orders).
The wick tells me that there was a lot of momentum created at that time.
The little bullish body tells me that there is a slight bullish tendency.

The next candle breaks the high of the candle in question and gives an
additional bullish edge.

It screams out "GO LONG" 8)
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Postby aliassmith » Thu Jun 10, 2010 1:18 pm

:shock:
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Postby aliassmith » Thu Jun 10, 2010 1:36 pm

Looking for signs of a short on this daily, 200 pips potential.
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Postby aliassmith » Fri Jun 11, 2010 3:30 pm

Trying to use my method on longer timeframes. I believe it works, but
it is something I need to practice.

I also have a daily trade short going in that pic as you can see. Hope to
add into it like MIghtyOne showed. Using my method with his blind mice
adding method.

It is hard when trades are up $1,000's of dollars and let them go back to
zero. :( Potential is 30%+ so I'll keep practicing. Long charts are where
huge money is.

Speaking of huge trades, does anyone have a clue about how much one
big trade can be without influencing the market? I see Dukascopy has
about 1/2 billion dollars at just about every price point.
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Postby aliassmith » Mon Jun 14, 2010 2:15 am

aliassmith wrote:Trying to use my method on longer timeframes. I believe it works, but
it is something I need to practice.

I also have a daily trade short going in that pic as you can see. Hope to
add into it like MIghtyOne showed. Using my method with his blind mice
adding method.

It is hard when trades are up $1,000's of dollars and let them go back to
zero. :( Potential is 30%+ so I'll keep practicing. Long charts are where
huge money is.

Speaking of huge trades, does anyone have a clue about how much one
big trade can be without influencing the market? I see Dukascopy has
about 1/2 billion dollars at just about every price point.


Guess the long term trade didn't work so well. Need to keep practicing.
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Postby newschool » Mon Jun 14, 2010 5:46 am

aliassmith wrote:Not saying you are wrong, but try to think about it like "they" are not out to
get you.

Lets consider it as price action and what it says.


I questionned myself about this.
I do believe some MMs are making false breakouts on majors s&r level and sl hunts on purpose. But I also imagine the market as a big self-regulated device, by the simple fact that buyers and sellers are competing, and theres always a winner and looser, so some nasty price action can simply be part of the natural "survival of the fittest" market jungle.

I say it's splitted 30/70.

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