lukx zline trading log + cfabian p.35 + adaseb p.48

[adaseb]

So what you are saying is to enter at the very top or very bottom... and let your profits run?

[TheRumpledOne]

Can you spot where the highest/lowest prices are?

[es/pip]

So what you are saying is to enter at the very top or very bottom... and let your profits run?

i will take a stab at it

you have a lower time frame and a higher time frame (looking at it via custom candles) extremes

when the market fails at an extreme it will go the other way--- bec it has no other way to go

the larger extremes are what is important

getting in on extremes gives you a better position vrs other traders

the ones with the better position have the upper hand on staying in a trade

the amateurs get shaken out or get suckered in while the pros are taking the other side

in a way---- I THINK---- this is what i am sort of doing via scalping the euro--- in a round about way----- its just on a much smaller level and smaller PA


edit-----------------

i guess i should say "looking" to get in on extremes vrs getting in on extremes

[MightyOne]

So what you are saying is to enter at the very top or very bottom... and let your profits run?

There is only one highest and one lowest price in any period of time.

Since price spends most of its time between these two points, the safest place on the chart is at the highest or lowest price (high ground/position) away from the ocean waves.

Naturally you should not want to liquidate a short position from the highest price ever for 20 or 30 pips.

Likewise you weigh the value of the high ground (is it a hill, mountain, or space station?) on smaller but large charts.

Just because you are trading off of daily extremes that doesn't mean that you have to hold for days.

You can get in plenty of day trading by hedging prior to a reversal and entering to unload at the highest/lowest prices.

You go from painting with a brush to throwing buckets of paint at the wall and taking profit as the floor changes color

[MightyOne]

So what you are saying is to enter at the very top or very bottom... and let your profits run?

i will take a stab at it

you have a lower time frame and a higher time frame (looking at it via custom candles) extremes

when the market fails at an extreme it will go the other way--- bec it has no other way to go

the larger extremes are what is important

getting in on extremes gives you a better position vrs other traders

the ones with the better position have the upper hand on staying in a trade

the amateurs get shaken out or get suckered in while the pros are taking the other side

in a way---- I THINK---- this is what i am sort of doing via scalping the euro--- in a round about way----- its just on a much smaller level and smaller PA


edit-----------------

i guess i should say "looking" to get in on extremes vrs getting in on extremes

Or you could say that you are looking to enter off of the extreme.

The only time I would ever just throw an order out there into rising prices is when I am dismantling a hedge.

[es/pip]

So what you are saying is to enter at the very top or very bottom... and let your profits run?

i will take a stab at it

you have a lower time frame and a higher time frame (looking at it via custom candles) extremes

when the market fails at an extreme it will go the other way--- bec it has no other way to go

the larger extremes are what is important

getting in on extremes gives you a better position vrs other traders

the ones with the better position have the upper hand on staying in a trade

the amateurs get shaken out or get suckered in while the pros are taking the other side

in a way---- I THINK---- this is what i am sort of doing via scalping the euro--- in a round about way----- its just on a much smaller level and smaller PA


edit-----------------

i guess i should say "looking" to get in on extremes vrs getting in on extremes

Or you could say that you are looking to enter off of the extreme.

The only time I would ever just throw an order out there into rising prices is when I am dismantling a hedge.

with ya on that

[***FX-JEDI***]

Thanks for ur input MO,

I have just quickly gone over the last few post in this topic, I thought I would share a pic on a current trade I'm in.
Buying at extreme low on GBP/JYP on Wed nite just under 400pips in few days

[fx_disciple]

playin' with scalp...
gonna give it a shot this whole week and see what'll happen. Scalping is not my routine and I'm still trading as usual.

[dragon33]

I will try to do my best to post some losers but when you read your charts properly and you can take profit when it is there then it is hard to lose. If you will not lose there is always a possibility of hedging your way out.

[es/pip]

I will try to do my best to post some losers but when you read your charts properly and you can take profit when it is there then it is hard to lose. If you will not lose there is always a possibility of hedging your way out.

nice