Randomness sure is predictable
Libertarians take on trading
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Re: Libertarians take on trading
aliassmith wrote:MightyOne wrote:These are the recent minimum spreads as recorded by OANDA.
USDZAR_HISTORY.pngTRYJPY_HISTORY.png
Ended up looking at the USDTRY. It had about a 5 pip spread but moves about 3x the GBPJPY. I think the margin is really low also. It could be my new love
"Why do you like ZAR and TRY?"
- Libertarian
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So easy a caveman can do it
Trying to realistically think how I'd do it. because it looks so easy from the big chart with hindsight.
Big chart, weekly candles, looking up, Looks like duh. Only thing that would give me pause is the 2nd trade, those weekly candles are increased MO breaking out of a pattern, would I have the balls to believe in the level alone?
Daily, a little less DUH, but still OK.
Where do you say, its going up? I guess that 4hr close, but its not MOMO, its still in the range and NO zl action.
Moving along, hopefully I would have taken the beautiful zl trade back into this support, but I digress.
Right back to the daily and weekly level, beauty
I like this one better than the first one. it kind of fails to BO of the channel, breaks back in. I guess you get in when it start closing over your up channel lines. and just close if it goes against you. It all happens lower than your daily level though, just living on the edge.
Both half a month to a month trades. Would be especially nice I had some size from the smaller charts on there
Big chart, weekly candles, looking up, Looks like duh. Only thing that would give me pause is the 2nd trade, those weekly candles are increased MO breaking out of a pattern, would I have the balls to believe in the level alone?
Daily, a little less DUH, but still OK.
Where do you say, its going up? I guess that 4hr close, but its not MOMO, its still in the range and NO zl action.
Moving along, hopefully I would have taken the beautiful zl trade back into this support, but I digress.
Right back to the daily and weekly level, beauty
I like this one better than the first one. it kind of fails to BO of the channel, breaks back in. I guess you get in when it start closing over your up channel lines. and just close if it goes against you. It all happens lower than your daily level though, just living on the edge.
Both half a month to a month trades. Would be especially nice I had some size from the smaller charts on there
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Re: Libertarians take on trading
MightyOne wrote:aliassmith wrote:MightyOne wrote:These are the recent minimum spreads as recorded by OANDA.
USDZAR_HISTORY.pngTRYJPY_HISTORY.png
Ended up looking at the USDTRY. It had about a 5 pip spread but moves about 3x the GBPJPY. I think the margin is really low also. It could be my new love
"Why do you like ZAR and TRY?"
USDTRYM5.png
Trying to get there. Its beyond the level, but can't get past the extreme. Increase of MO on the weekly, just like in my previous markup, the increase in MO is something to fade at the extremes.
Daily look, 2 increases in MO before we get one that finally goes south.
I can see the setup here on the 30 minute, right to the zl, but sometimes price nails the zl and sometimes it shoots a giant wick right past before continuing along. where do you get in? The smaller chart right?
Here are both smaller chart passes at that area where I'd have been watching.
First one, price makes a higher high kind of above the smaller TF "level", it starts closing lower, but no wicks to put you in.
Here is the second pass at the level, if I'd have gotten in hopefully I'd have taken profit on the fast move down to the bottom of the channel. here comes the second pass, I'd have been thinking higher high, run those stops at the too perfect zl, of course that never comes, prices zl's the original move down, and once again it leaves the scene of the crime with no wicks for us to nab it.
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Re: Libertarians take on trading
My downs proof trade...
Big fast move into the level, run all dem stops. see where the channels takes me. Levels are a work in progress, some bastardized version of cups and closes. They seem so much easier on futures charts, but I'm not rich, so FX it is for me.
Interesting to note the differences between the futures chart and the spot FX chart. Either way I'm using the cups and the closes to come up with some kind of level. shoot down to the smaller one and see where price takes me.
Big fast move into the level, run all dem stops. see where the channels takes me. Levels are a work in progress, some bastardized version of cups and closes. They seem so much easier on futures charts, but I'm not rich, so FX it is for me.
Interesting to note the differences between the futures chart and the spot FX chart. Either way I'm using the cups and the closes to come up with some kind of level. shoot down to the smaller one and see where price takes me.
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Principles...
This is a message for Mighty Joe Young,
Something has been running through my head for the last few days/weeks. You keep saying our aim should be to consistently apply our principals. What are our principals? Can you review. You have said that the old info should be thrown out and the new stuff is so easy someone with downs syndrome can't fail. It has got me jumbled up a bit, I know I'm close, but there are all these ideas and opinions. Some from you and some from others. I was wondering if you'd be so kind as to review what those are Today, in DEC of 2017. I'd appreciate it if your up to it. You da man.
Something has been running through my head for the last few days/weeks. You keep saying our aim should be to consistently apply our principals. What are our principals? Can you review. You have said that the old info should be thrown out and the new stuff is so easy someone with downs syndrome can't fail. It has got me jumbled up a bit, I know I'm close, but there are all these ideas and opinions. Some from you and some from others. I was wondering if you'd be so kind as to review what those are Today, in DEC of 2017. I'd appreciate it if your up to it. You da man.
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Re: Principles...
Libertarian wrote:This is a message for Mighty Joe Young,
Something has been running through my head for the last few days/weeks. You keep saying our aim should be to consistently apply our principals. What are our principals? Can you review. You have said that the old info should be thrown out and the new stuff is so easy someone with downs syndrome can't fail. It has got me jumbled up a bit, I know I'm close, but there are all these ideas and opinions. Some from you and some from others. I was wondering if you'd be so kind as to review what those are Today, in DEC of 2017. I'd appreciate it if your up to it. You da man.
I know you said this is for MO but all you need to do is look at the last couple pages in the MOster thread. He made a post highlighting his idea.
So simple a caveman can do it!
Trade lines make lines.
Trade away from patterns.
Build size for large charts.
Trade Your Way as Long as It Makes Money!
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Re: Principles...
aliassmith wrote:Libertarian wrote:This is a message for Mighty Joe Young,
Something has been running through my head for the last few days/weeks. You keep saying our aim should be to consistently apply our principals. What are our principals? Can you review. You have said that the old info should be thrown out and the new stuff is so easy someone with downs syndrome can't fail. It has got me jumbled up a bit, I know I'm close, but there are all these ideas and opinions. Some from you and some from others. I was wondering if you'd be so kind as to review what those are Today, in DEC of 2017. I'd appreciate it if your up to it. You da man.
I know you said this is for MO but all you need to do is look at the last couple pages in the MOster thread. He made a post highlighting his idea.
So simple a caveman can do it!
Trade lines make lines.
Trade away from patterns.
Build size for large charts.
viewtopic.php?p=110132#p110132
Yep, this post tells more than 100 trading books.
[edit]
Ok the link is not working good
BTW.. page 139. I’m writing it for the people who will come.
__________ THE IS A LIE__________
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Re: Libertarians take on trading
Levels didn't work, but those angles
HOWBOUDAH
HOWBOUDAH
Libertarian wrote:My downs proof trade...
Chart-@CDZ17_1 Day.jpg
Chart-@CDZ17_150 Min.jpg
Big fast move into the level, run all dem stops. see where the channels takes me. Levels are a work in progress, some bastardized version of cups and closes. They seem so much easier on futures charts, but I'm not rich, so FX it is for me.
usdcad-d1-capital-city-markets-2.png
usdcad-m15-capital-city-markets.png
Interesting to note the differences between the futures chart and the spot FX chart. Either way I'm using the cups and the closes to come up with some kind of level. shoot down to the smaller one and see where price takes me.
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- CAD futures.jpg (107.49 KiB) Viewed 2544 times
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- usdcad-m15-capital-city-markets.png (59.49 KiB) Viewed 2544 times
- Libertarian
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Actually
Actually the level worked perfectly, I just need to PAY ATTENTION FML
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