MO can confirm or deny the above----
thats how i understand it --- may be incorrect
i haven't spent a ton of time on any of this yet
Blind Mouse Strategy
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- IN-XS
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es/pip wrote:MO can confirm or deny the above----
thats how i understand it --- may be incorrect
i haven't spent a ton of time on any of this yet
Well thank you anyway. I still like an insight from other people on how they perceive this information, especially someone like you, who I consider to have a very good level of understanding.
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es/pip wrote:
you take a short position at 100
it goes to 50
bounces to 75
you want to short more
you want your average above the bounce --- say 76
100 + x / 2 = 76
x is your entry to get your average at 76
I think you meant:
( 100 + X ) / 2 = 76.
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- TheRumpledOne
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TheRumpledOne wrote:es/pip wrote:
you take a short position at 100
it goes to 50
bounces to 75
you want to short more
you want your average above the bounce --- say 76
100 + x / 2 = 76
x is your entry to get your average at 76
I think you meant:
( 100 + X ) / 2 = 76.
yeah
Bend over and assume the position for another 4 years of hope and change.
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I thought MO defined S&R on page 1 of this thread.....
G.
G.
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- aliassmith
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TheRumpledOne wrote:aliassmith wrote:
TRO we are Discretionary traders there is no "precisely" in our vocabulary
I am being serious.
I was being serious.
An average is a midpoint between two equal amounts.
((High Price - Low Price)/2)+ Low Price = Average Price
Where you might want that midpoint is discretionary.
Trade Your Way as Long as It Makes Money!
MightyOne wrote:Ok, I am done being cute.
When I am trading it just looks like this:
1. Trade off of the Daily+ High/low
2. Take a trade with custom candle color (CCC)
3. Did price cross S&R?
4. Place an average beyond S&R.
It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.
5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).
6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.
Careful that price doesn't go anywhere near your average after doubling your position
This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.
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Ok, Ive done my analysis, and for the purposes of trading this method this is the plan:
1. I will trade only EJ and GU until Ive shown myself that Im not completely retarded I will expand the "active watchlist".
2. I will observe and mark up, but not trade 5 other charts: these will be EU, AJ, EN, GJ and AU
3. I will post my marked up charts for either "pointing and laughing" or "gentle applause" as appropriate.
4. I will follow MO's trading rules posted earlier in this thread to the best of my abilities.
5. Initial trades will be made with 1 micro lot (0.01 lots, 10c/pip): no cash, no pressure. I must give my mind something to lose in order to be competitive enough to carry my resolve. Nothing beats the feeling of victory!
6. I will write a log detailing the reasons for taking the entries that I take. This is the medication that will prevent sudden attacks of retardation in future.
G.
1. I will trade only EJ and GU until Ive shown myself that Im not completely retarded I will expand the "active watchlist".
2. I will observe and mark up, but not trade 5 other charts: these will be EU, AJ, EN, GJ and AU
3. I will post my marked up charts for either "pointing and laughing" or "gentle applause" as appropriate.
4. I will follow MO's trading rules posted earlier in this thread to the best of my abilities.
5. Initial trades will be made with 1 micro lot (0.01 lots, 10c/pip): no cash, no pressure. I must give my mind something to lose in order to be competitive enough to carry my resolve. Nothing beats the feeling of victory!
6. I will write a log detailing the reasons for taking the entries that I take. This is the medication that will prevent sudden attacks of retardation in future.
G.
Welcome to the era of "Guns and Maskies" Trading!
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- bredin
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tmanbone wrote:MightyOne wrote:Ok, I am done being cute.
When I am trading it just looks like this:
1. Trade off of the Daily+ High/low
2. Take a trade with custom candle color (CCC)
3. Did price cross S&R?
4. Place an average beyond S&R.
It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.
5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).
6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.
Careful that price doesn't go anywhere near your average after doubling your position
This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.
looks to me that this example is a short trade (duh..) and that the first averaging line is ABOVE the white dashed S&R line and the second averaging line is exactly at the next S&R line.
G.
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