Libertarians take on trading

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Libertarian
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Re: Libertarians take on trading

Postby Libertarian » Mon Oct 29, 2018 9:39 pm

Here is my trade for the day. Price can only go one way. The daily candle starts at 5pm my time, right about the time both the main countries trading the UC log off for the day. So, I have been using 12 hr closes as breaker to help me see the daily range. Something I picked up on Klik here. Price shot down hard, and I wasn't around to trade it. Good thing, because when the us started. Price began to close higher. Once it finally showed its true colors, and with daily candle color, I got long and had a nice trade.

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MPI is still very new for me, but I wanted to try to make it work, the piece in the box was most interesting to me. Both showed cad weakness.

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aliassmith
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Re: Libertarians take on trading

Postby aliassmith » Mon Oct 29, 2018 9:54 pm

Libertarian wrote: Price can only go one way.


I was laughing at those famous last words..... :lol:
Trade Your Way as Long as It Makes Money!

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Re: Libertarians take on trading

Postby Libertarian » Mon Oct 29, 2018 10:10 pm

aliassmith wrote:
Libertarian wrote: Price can only go one way.


I was laughing at those famous last words..... :lol:


Not mine Mr Smith, Doji, and DC Happy. Monkey see monkey do.

Of course trading is guessing, why else would we have to limit our risk. :lol:

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Re: Libertarians take on trading

Postby Libertarian » Mon Oct 29, 2018 10:12 pm

Libertarian wrote:
aliassmith wrote:
Libertarian wrote: Price can only go one way.


I was laughing at those famous last words..... :lol:


Not mine Mr Smith, Doji, and DC Happy. Monkey see monkey do.

Of course trading is guessing, why else would we have to limit our risk. :lol:



Sit down, draw a line, price will eventually move 100s of pips away from your line. I think you know EXACTLY what I mean.

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Re: Libertarians take on trading

Postby aliassmith » Mon Oct 29, 2018 10:14 pm

Libertarian wrote:
aliassmith wrote:
Libertarian wrote: Price can only go one way.


I was laughing at those famous last words..... :lol:


Not mine Mr Smith, Doji, and DC Happy. Monkey see monkey do.

Of course trading is guessing, why else would we have to limit our risk. :lol:


Very true
Trade Your Way as Long as It Makes Money!

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Re: Libertarians take on trading

Postby Libertarian » Wed Oct 31, 2018 6:08 pm

15.png
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A trade I had. I have been using the midday open of the 12 hour candle as my large chart. I have marked the candle opens. I saw the first long wicks down to clear the day traders and thought we were good to go. I didn't expect another shot down came within inches of my stop, but look at how the 2MA closed, look at the AO, look at the trendlines. Look at the big chart resting above a level. Either way, risk lines make lines.

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Mira
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Re: Libertarians take on trading

Postby Mira » Wed Oct 31, 2018 7:04 pm

Libertarian wrote:15.png

A trade I had. I have been using the midday open of the 12 hour candle as my large chart. I have marked the candle opens. I saw the first long wicks down to clear the day traders and thought we were good to go. I didn't expect another shot down came within inches of my stop, but look at how the 2MA closed, look at the AO, look at the trendlines. Look at the big chart resting above a level. Either way, risk lines make lines.


Look how price returned to the bullish pattern :shock:
Very strong, good job Lib
__________ THE :smt096 IS A LIE__________

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Re: Libertarians take on trading

Postby Libertarian » Wed Oct 31, 2018 7:12 pm

Mira wrote:
Libertarian wrote:15.png

A trade I had. I have been using the midday open of the 12 hour candle as my large chart. I have marked the candle opens. I saw the first long wicks down to clear the day traders and thought we were good to go. I didn't expect another shot down came within inches of my stop, but look at how the 2MA closed, look at the AO, look at the trendlines. Look at the big chart resting above a level. Either way, risk lines make lines.


Look how price returned to the bullish pattern :shock:
Very strong, good job Lib


Ha, none of this is me, I'm just copying a lot of better traders than I who for whatever reason allow me to talk to them. :?: :D

Is the pattern to which you refer the red box? Thanks Mr. Mira

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Re: Libertarians take on trading

Postby Mira » Wed Oct 31, 2018 8:38 pm

Libertarian wrote:
Mira wrote:
Libertarian wrote:15.png

A trade I had. I have been using the midday open of the 12 hour candle as my large chart. I have marked the candle opens. I saw the first long wicks down to clear the day traders and thought we were good to go. I didn't expect another shot down came within inches of my stop, but look at how the 2MA closed, look at the AO, look at the trendlines. Look at the big chart resting above a level. Either way, risk lines make lines.


Look how price returned to the bullish pattern :shock:
Very strong, good job Lib


Ha, none of this is me, I'm just copying a lot of better traders than I who for whatever reason allow me to talk to them. :?: :D

Is the pattern to which you refer the red box? Thanks Mr. Mira


That one around the stop loss line.
__________ THE :smt096 IS A LIE__________

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Libertarian
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Re: Libertarians take on trading

Postby Libertarian » Fri Nov 02, 2018 3:42 am

Short off the daily EU high, sister pair doesn't look as good, but at least a momo/zl setup is forming on there. Its 10:38 here, setup looks good, but I won't be able to monitor this but every 4 hrs as I have to sleep. For anyone who trades this style, how do you guys manage it? :?: Stop is 16 pips. I like this setup early in the day because I entry usually coincides with daily color as well as from the highs. If it gets too far away you end up trading against daily color.

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eurjpy-m30-turnkeyfx-uk-ltd.png
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