Libertarians take on trading

[Libertarian]

NOT my intention to take a shot at you MO. I'm the failure. My actions, decisions, and experiences. I've chosen who to follow, I've chosen to put the pieces together in my own way. Others have had success so clearly its about ME. I am the problem. Full stop.

That was the old me i was talking about. This is the new me

Can you markup what you mean? I've only really followed MO on here. And DTB like a RAT. I have never really followed TRO. Might be why I'm a failure after all these years.

Right, someone or something else must be the problem.

[Libertarian]

Does anyone in the community have the perfect opens indicator where you can make the candle bodies wide like a regular mt4 candle chart? Vs the thin ones in the first few generations of that indicator? I know its out there, I just can't find it. Any help is appreciated.

[MightyOne]

Does anyone in the community have the perfect opens indicator where you can make the candle bodies wide like a regular mt4 candle chart? Vs the thin ones in the first few generations of that indicator? I know its out there, I just can't find it. Any help is appreciated.

EURJPYH1w.png (26.96 KiB) Viewed 3368 times

[Libertarian]

Obrigado amigão

Does anyone in the community have the perfect opens indicator where you can make the candle bodies wide like a regular mt4 candle chart? Vs the thin ones in the first few generations of that indicator? I know its out there, I just can't find it. Any help is appreciated.

EURJPYH1w.png

[MightyOne]

Let's say that you are trading for $10/line and you make 2.5 lines.

Your size is now 10(10.5/8) or $13/line with 8.076 lines.

If you lose 2 lines then your size is 13(6.076/7) or $11/line with 7.180 lines (you're down about $1)
If you win 2.5 lines then your size is 13(10.576/8) or $17/line with 8.087 lines (+57.5 ish dollars, $137.50 risk-box)
If you lose 2 lines then your size is 17(6.087/7) or $14/line with 7.391 lines (you're at +$23.50 & if you lose again then you'll be at -$4.50)
If you win 2.5 lines then your size is 17(10.587/8) or $22/line with 8.180 lines (+100 ish dollars, $180 in the risk-box)

In 3 TP you made $100 and in 2 TP you'll add more than $100...
worst case scenario you lose $80.

Sit down at the table and 'Paper manage' your lines, go back and forth between wins and losses, go on winning and losing streaks, & see for yourself that being down money is no big deal: stacking heals all wounds.

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The exact action that you take depends more on observation, line width, and progress, than on a trade setup.

GBPUSDH1.png (37.1 KiB) Viewed 3330 times

[Libertarian]

All I want for Christmas is.........to consistently apply my principles.

gbpjpy-d1-capital-city-markets.png (47.63 KiB) Viewed 3317 times

gbpjpy-h4-capital-city-markets.png (52.33 KiB) Viewed 3317 times

gbpjpy-h1-capital-city-markets.png (43.34 KiB) Viewed 3317 times

I am trading 32nds (4 8ths per line) I believe, but either way its 2 lines. Stack if it moves my way.

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EDIT: I realize I'm trying to get long at the top end of the range, but I still think it can go higher before we get a flush.

[MightyOne]

EDIT: this is an example of coming back from getting your a++ handed to you.

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[aliassmith]

Let's say that you are trading for $10/line and you make 2.5 lines.

Your size is now 10(10.5/8) or $13/line with 8.076 lines.

If you lose 2 lines then your size is 13(6.076/7) or $11/line with 7.180 lines (you're down about $1)
If you win 2.5 lines then your size is 13(10.576/8) or $17/line with 8.087 lines (+57.5 ish dollars, $137.50 risk-box)
If you lose 2 lines then your size is 17(6.087/7) or $14/line with 7.391 lines (you're at +$23.50 & if you lose again then you'll be at -$4.50)
If you win 2.5 lines then your size is 17(10.587/8) or $22/line with 8.180 lines (+100 ish dollars, $180 in the risk-box)

In 3 TP you made $100 and in 2 TP you'll add more than $100...
worst case scenario you lose $80.

Sit down at the table and 'Paper manage' your lines, go back and forth between wins and losses, go on winning and losing streaks, & see for yourself that being down money is no big deal: stacking heals all wounds.

BTCUSD.png

The exact action that you take depends more on observation, line width, and progress, than on a trade setup.

GBPUSDH1.png

I'm short from your line marked 4,2, and 1 on the gbp. Its tough for me to hold for this long. I'm trying for 100 more pips but we'll see if I can hold out.

[Libertarian]

I just think these lines are amazing. Sometime I think maybe its just the phenomena that if you put random lines on the chart they will look good, but people swear by them and I am coming around. Sometime I'm too steep and sometime I'm too flat, and I fret that I am both probably way too often, but then this sure looks like a road map to me. Notice how it caught the top of the cone of some pretty wicked price action. I am hoping to use these to pull the trigger, so when price comes into my area, i can say its above or below and mash the buttons. Full disclosure the lines were drawn when price was at the vertical line. Too bad MT4 degrades the angles over time.

eurgbp-m15-capital-city-markets.png (57.59 KiB) Viewed 3251 times

[Libertarian]

So you wanna be an FX trader DIRTY

I wonder why price went all the way up there...