Libertarians take on trading

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PTG
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Re: Libertarians take on trading

Postby PTG » Thu Mar 29, 2018 7:08 am

IgazI wrote:
PTG wrote:
--edit-- blame it on Russia. :shock:


Putin is Russia.


Sounds like a reasonable guy then, Russia. Unlike the screechers who appear to want to cover up something by pointing fingers without proof.

"They only understand force"..

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Re: Libertarians take on trading

Postby Libertarian » Thu Mar 29, 2018 2:45 pm

You are speaking my language PTG!

[/quote]\ But it is rewarding in many ways, not in the least because one meets like-minded people who aren't afraid to take responsibility of their lives into their own hands. Just keep hammering away =D>[/quote]

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Re: Libertarians take on trading

Postby IgazI » Thu Mar 29, 2018 4:21 pm

Was the price action around the 40 SMA bullish or bearish?

What do you need to see before you can go long?

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Re: Libertarians take on trading

Postby IgazI » Thu Mar 29, 2018 4:36 pm

PTG wrote:
IgazI wrote:
PTG wrote:
--edit-- blame it on Russia. :shock:


Putin is Russia.


Sounds like a reasonable guy then, Russia. Unlike the screechers who appear to want to cover up something by pointing fingers without proof.

"They only understand force"..


My heart is with Russia and his people.

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Re: Libertarians take on trading

Postby IgazI » Fri Mar 30, 2018 3:37 pm

A 'cup' is simply a pointy place that is facing away from the direction that you wish to trade.

If price bounces off of the 40 SMA then you take a trade at a pointy place that is facing in the same direction; preferably the one nearest to the bounce.

You can see a long lower wick on the M30 followed by a cup which was followed by a 2 SMA (close) that went down to form a price level from which you could go long and that lower cup.

On the H4 price has been hugging the 40 SMA, which has been trending downward, and price finally closed above the line. We see a pattern break on the M30's 2 SMA, we have a cup, price is above the 40, & we have decided to go long at the cup AFTER the next open.

Where did people buy? This is not a trick question.
Massive up spike from the first cup (buying), long lower wick (buying), another cup (buying), ... so in what price range did you see buying?
"But I saw selling too!", ...we are looking to buy :lol:

Analysis based on closes, triggers after opens; simple!

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Re: Libertarians take on trading

Postby IgazI » Fri Mar 30, 2018 4:01 pm

Thought I'd give LB charts a shot.

That tall green line at the beginning of the chart is part of a "bearish fakeout" or what we commonly call "prev. buying" :lol:
After the trend break you would simply buy into prev. buying.

When the close drops below the low of 3 then you have a rounding top, looking left we see prev. selling and we are good to go.

Bearish expansion, similar to the rounding top we are short below 3 with prev. selling to our left.

Bullish fakeout, prev. buying to the left..."buy in an area of prev. buying", there is nothing not to get.

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Re: Libertarians take on trading

Postby LeMercenaire » Fri Mar 30, 2018 6:57 pm

IgazI wrote:Thought I'd give LB charts a shot.

That tall green line at the beginning of the chart is part of a "bearish fakeout" or what we commonly call "prev. buying" :lol:
After the trend break you would simply buy into prev. buying.

When the close drops below the low of 3 then you have a rounding top, looking left we see prev. selling and we are good to go.

Bearish expansion, similar to the rounding top we are short below 3 with prev. selling to our left.

Bullish fakeout, prev. buying to the left..."buy in an area of prev. buying", there is nothing not to get.

3BREAKpatterns.png


Never thought I'd ever see anyone using LB charts on a retail forum!

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Re: Libertarians take on trading

Postby Libertarian » Mon Apr 09, 2018 1:54 pm

Capture.PNG
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You have said that it is OK to micro manage on smaller charts. I think that I want to do that in order to keep my stop as small as I possibly can. As you have said in the past we can do.

What would keep you out on the first touch just after the vert red line? What about the PA at the red arrows? Entering and exiting at them is pretty choppy.

I'm not trying to bombard you with dumb questions, I'm just trying to get an idea of what your mentality/mind state is when your looking to trade this strategy. I'm need to adjust my way of thinking to be more like a professional, and need some help on what that even is.

:mrgreen:

IgazI wrote:A 'cup' is simply a pointy place that is facing away from the direction that you wish to trade.

If price bounces off of the 40 SMA then you take a trade at a pointy place that is facing in the same direction; preferably the one nearest to the bounce.

You can see a long lower wick on the M30 followed by a cup which was followed by a 2 SMA (close) that went down to form a price level from which you could go long and that lower cup.

On the H4 price has been hugging the 40 SMA, which has been trending downward, and price finally closed above the line. We see a pattern break on the M30's 2 SMA, we have a cup, price is above the 40, & we have decided to go long at the cup AFTER the next open.

Where did people buy? This is not a trick question.
Massive up spike from the first cup (buying), long lower wick (buying), another cup (buying), ... so in what price range did you see buying?
"But I saw selling too!", ...we are looking to buy :lol:

Analysis based on closes, triggers after opens; simple!

teatime.png

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Re: Libertarians take on trading

Postby IgazI » Mon Apr 09, 2018 5:54 pm

I think that you already know the answer...

the wicks picked out 2 price levels leaving the entry in the middle and that is what made entering at that price so rough;

simply shifting your lines to the midpoints of the lines should solve a lot of these problems.

Another filter is trading away from M30 opens: only take action when the clock reads 1:30, 2:00, 2:30, 3:00 etc and not 1 minute past.

If I don't like the price action then my 'action' might be to wait for a new H4 open (or some multiple).

save.png
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Another filter is looking for triggers that are near the AO cross:

zar.png
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IgazI
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Re: Libertarians take on trading

Postby IgazI » Tue Apr 10, 2018 12:50 am

It's candle color but it is also thinking about which opens you want to trade by lining up the technical things with opening times.

timeANDprice.png
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