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prochargedmopar
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Postby prochargedmopar » Mon Apr 26, 2010 4:35 am

MightyOne wrote:[s] You both win a cookie [/s] :lol:


A horizontal channel is wider than an angled channel.

A small angle has a wider channel than a large angle.

I will leave it to you do guesstimate how you would use this information.


I don't think in angles unless they are 0 or 90.

A parabolic move will be a steeper angle, have much less up/down movement , reverse it's direction more quickly (at least a short distance unless it's friday when price usually "sticks", and usually as you say, show up on the smaller time frames.
That is unless you get some fundamental catastrophe like this:
Monthly charts.....

Image

Or this:

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Mon Apr 26, 2010 4:41 am

BTW,
We are gonna have fun with a/j after it makes it another 500-800 pips up, When the U.S. starts to increase interest rates, and/or AU and china get jiggy with it. Once the big boys start to pull out of risk!!!!!! Red Rat heaven.
The Green Rat has been making money hand over fist both with pip movement and yield. Lucky dogs.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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pablo101
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Postby pablo101 » Mon Apr 26, 2010 4:56 am

cwn6161 wrote:
pablo101 wrote:so can someone tell me if my thinking is correct with this DOP stuff?

Image

maybe we should start a separate thread for this stuff



pablo that looks right to me... the angles give a clear picture of momentum/non-momentum and how they interact


Thanks cwn6161, this gives me confidence, one step at a time :)

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bacoazul
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Postby bacoazul » Mon Apr 26, 2010 5:03 am

Close my trade from friday,
Daily support, 15M trigger,
15M risk, Daily target, things go
well here :D

Image

Image
Last edited by bacoazul on Mon Apr 26, 2010 5:12 am, edited 1 time in total.
These are my principles. If you don't like them, I have others.

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pablo101
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Postby pablo101 » Mon Apr 26, 2010 5:10 am

MightyOne wrote:
pablo101 wrote:so can someone tell me if my thinking is correct with this DOP stuff?

Image

maybe we should start a separate thread for this stuff



Image


Thanks MO, I'm getting it but more questions than answers at the moment, will go through more of the past posts.

Is there a reason for not hedging more than twice per TF?

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pablo101
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Postby pablo101 » Mon Apr 26, 2010 5:29 am

bacoazul wrote:Close my trade from friday,
Daily support, 15M trigger,
15M risk, Daily target, things go
well here :D

Image

Image


NICE! :) I hate holding over weekends but it worked really nicely for you.

Baco, a quickie question, I know it's a subjective thing but can I ask why you saw that as a reversal point marked on my charts? the others are understandable.

Image

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Postby MightyOne » Mon Apr 26, 2010 6:14 am

pablo101 wrote:
MightyOne wrote:
pablo101 wrote:so can someone tell me if my thinking is correct with this DOP stuff?

Image

maybe we should start a separate thread for this stuff



Image


Thanks MO, I'm getting it but more questions than answers at the moment, will go through more of the past posts.

Is there a reason for not hedging more than twice per TF?



If you hedge too much you will miss the real move.

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bacoazul
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Postby bacoazul » Mon Apr 26, 2010 6:16 am

pablo101 wrote:
bacoazul wrote:Close my trade from friday,
Daily support, 15M trigger,
15M risk, Daily target, things go
well here :D

Image

Image


NICE! :) I hate holding over weekends but it worked really nicely for you.

Baco, a quickie question, I know it's a subjective thing but can I ask why you saw that as a reversal point marked on my charts? the others are understandable.

Image


Well Pablo, first, thats not a reversal point for me,
its more like a simple target, thats my target just
because those wicks on the blue rectangle confuse
me a little about were to exit, so i pick a near
reference point.
Im becoming very patience about my entries, and pick
just the ones i mark, but when it comes to exits i still
need more patience/practice.
Most of the time i exit at H1/H4 targets, but this goes
up while i was sleeping so i have no excuses to exit
earlier.

Image

One day soon im gonna trade from daily to daily :D
These are my principles. If you don't like them, I have others.

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pablo101
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Postby pablo101 » Mon Apr 26, 2010 8:16 am

bacoazul wrote:
pablo101 wrote:
bacoazul wrote:Close my trade from friday,
Daily support, 15M trigger,
15M risk, Daily target, things go
well here :D

Image

Image


NICE! :) I hate holding over weekends but it worked really nicely for you.

Baco, a quickie question, I know it's a subjective thing but can I ask why you saw that as a reversal point marked on my charts? the others are understandable.

Image


Well Pablo, first, thats not a reversal point for me,
its more like a simple target, thats my target just
because those wicks on the blue rectangle confuse
me a little about were to exit, so i pick a near
reference point.
Im becoming very patience about my entries, and pick
just the ones i mark, but when it comes to exits i still
need more patience/practice.
Most of the time i exit at H1/H4 targets, but this goes
up while i was sleeping so i have no excuses to exit
earlier.

Image

One day soon im gonna trade from daily to daily :D


Thanks Baco, I see what you're saying. Exits are always tough, most times I lose my head and I want to close when I see a good profit :( ... Thanks again

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dragon33
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Postby dragon33 » Mon Apr 26, 2010 3:29 pm

Image
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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