Libertarians take on trading

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Wed Sep 28, 2016 1:07 am

Another frustrating loss, if you look at the previous UC trade, I had a bearish bias, but I cut it short because I thought we were going to get dollar strength. I thought I had learned the lesson, that I am just going to trade the candles and not try to be a smarty pants. So I just took the trade. Thought if we were going short we'd come back into the range and zero those folks out and keep moving lower.

usdcadecn-h4-tallinex-limited-2.png
usdcadecn-h4-tallinex-limited-2.png (10.22 KiB) Viewed 506 times


One lesson here is that on the Hr chart and smaller price came back to the zone and made a lower low. This should have been a red flag that I either missed it or am wrong about direction. Something to keep in the back of my mind.

usdcadecn-h1-tallinex-limited.png
usdcadecn-h1-tallinex-limited.png (10.65 KiB) Viewed 506 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Wed Sep 28, 2016 1:14 am

Just to update. Since I got my new broker. I am down just under 2%. I have been using 1% over 50 pips as my default position size. I know I need to bust up my positions into pieces, but haven't been able to do it yet. I think once I have some success of seeing I can actually trade, I may feel more comfortable with this. I suck donkey D&#@ at adding, so its on the to do list. If only it were as easy as the almighty one makes it look :lol:

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Libertarians take on trading

Postby MightyOne » Wed Sep 28, 2016 7:50 pm

USDCAD_M10b_3p6.png


When in doubt box it out. :lol:

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Thu Sep 29, 2016 1:28 am

Speak of the devil :twisted: :mrgreen:

Im actually finding myself more partial to this...

usdchfecn-h4-tallinex-limited.png
usdchfecn-h4-tallinex-limited.png (11.52 KiB) Viewed 406 times

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Thu Sep 29, 2016 1:37 am

Update, account is back to BE after this trade. Even got a hedge in :mrgreen:

eurnzdecn-m15-tallinex-limited.png
eurnzdecn-m15-tallinex-limited.png (12.89 KiB) Viewed 406 times


Now if only I can push my position up even higher. :P

BTW, these FX brokers are all crooks, the s**t they pull...

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Libertarians take on trading

Postby MightyOne » Thu Sep 29, 2016 5:22 pm

Libertarian wrote:Speak of the devil :twisted: :mrgreen:

Im actually finding myself more partial to this...

usdchfecn-h4-tallinex-limited.png


I forgot that I even designed that charting method :lol:

The M5 is probably a better place for it.

HERE IT IS.

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Thu Sep 29, 2016 9:06 pm

MightyOne wrote: The M5 is probably a better place for it.



Every frackin time I think I might know what I'm doing you gotta throw a comment in there that shatters that :lol:

Didn't TRO say price is the same on all TFs? Argh :!:

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Libertarians take on trading

Postby MightyOne » Fri Sep 30, 2016 3:56 pm

Libertarian wrote:
MightyOne wrote: The M5 is probably a better place for it.



Every frackin time I think I might know what I'm doing you gotta throw a comment in there that shatters that :lol:

Didn't TRO say price is the same on all TFs? Argh :!:


Point & Figure, Renko, Range Bars, Kagi; any chart that is formed with horizontal lines is using the "price is the same" idea.

If you simply drop lines on a chart then it is the spacing of the lines that determins the "time frame" or rather the length of time that it takes for price to traverse one line.

If you are using the HI/LO method then the time frame is a compression setting.

The 2xHA is more for simplifying short-term data.
It shows you two versions of the same period and one color can use the other, as if it were a squiggly, for the purpose of close overs.

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Fri Sep 30, 2016 6:20 pm

Finished the week up nicely. Account stands up 1% overall. Gotta get a bit more space and then start to push. Next week could shape up nice. :-k

User avatar
Libertarian
rank: 50+ posts
rank: 50+ posts
Posts: 133
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 0
Location: Shippensburg PA
Gender: None specified

Re: Libertarians take on trading

Postby Libertarian » Sun Oct 02, 2016 2:45 pm

This was a nice one, hopefully just a hedge.

usdcadecn-h1-tallinex-limited.png
usdcadecn-h1-tallinex-limited.png (15.83 KiB) Viewed 178 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”