Mark Mark Trading Epic

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IgazI
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Trading Can Be Simple

Postby IgazI » Fri Jun 11, 2021 3:05 pm

This is a Kagi chart. it is using 2 minute closing prices and 0.5 pip reversals; it is capturing every tick up to the close.

Most people look for entries and then generate stops behind their entry, but this is backward thinking;
you first mark the line that looks like a good stop location and then you generate a trigger from the stop.

The triggers are 2 or 3 lines from the marked stop and the actual stop is slightly less than 2 or 3 lines.

If you get stopped out then you keep drawing x's and generating triggers.

If you only learn how to place stops then you will have everything you need to confidently place orders.

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cheunt3
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Re: Trading Can Be Simple

Postby cheunt3 » Fri Jun 11, 2021 3:41 pm

IgazI wrote:
Most people look for entries and then generate stops behind their entry, but this is backward thinking;
you first mark the line that looks like a good stop location and then you generate a trigger from the stop.



Love it =D>

You're right, I use to always looking for entries first but someone mentored me that you gotta think how much you are willing per trade to lose first before entry. That's the easier path for your head for sure.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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IgazI
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Re: Mark Mark Trading Epic

Postby IgazI » Fri Jun 11, 2021 8:23 pm

Another Kagi example. . .

4 pips to reverse on the counting chart & 1 pip to reverse on the trade chart, both are using 2 minute closing prices.

If your minimum common number is '6' (the arrows) then you would wait for the chart to move through 6 lines before looking for a reversal trade;
marking x's and generating triggers.

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IgazI
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Re: Mark Mark Trading Epic

Postby IgazI » Sun Jun 13, 2021 3:50 pm

Drink, horsey, drink :lol:

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IgazI
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Daily Charts

Postby IgazI » Mon Jun 14, 2021 8:21 pm

You are looking at a 9 period Hull MA, on a daily bar chart, & a compressed history of the rotations (circles).

It is no more difficult to trade a daily chart than it is to trade a minute(s) chart, you just have to use a line interval that makes sense for
the chart that you are trading;

2/3 of the rotations will be single digit numbers and there be a smattering of double digit numbers when the lines 'make sense'.

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buffalo
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Re: Trading Can Be Simple

Postby buffalo » Tue Jun 15, 2021 3:12 am

IgazI wrote:This is a Kagi chart. it is using 2 minute closing prices and 0.5 pip reversals; it is capturing every tick up to the close.

Most people look for entries and then generate stops behind their entry, but this is backward thinking;
you first mark the line that looks like a good stop location and then you generate a trigger from the stop.

The triggers are 2 or 3 lines from the marked stop and the actual stop is slightly less than 2 or 3 lines.

If you get stopped out then you keep drawing x's and generating triggers.

If you only learn how to place stops then you will have everything you need to confidently place orders.

Stop_then_trigger.png


what made you decide on those spots for stop placement?

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IgazI
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Re: Trading Can Be Simple

Postby IgazI » Tue Jun 15, 2021 2:45 pm

buffalo wrote:
IgazI wrote:This is a Kagi chart. it is using 2 minute closing prices and 0.5 pip reversals; it is capturing every tick up to the close.

Most people look for entries and then generate stops behind their entry, but this is backward thinking;
you first mark the line that looks like a good stop location and then you generate a trigger from the stop.

The triggers are 2 or 3 lines from the marked stop and the actual stop is slightly less than 2 or 3 lines.

If you get stopped out then you keep drawing x's and generating triggers.

If you only learn how to place stops then you will have everything you need to confidently place orders.

Stop_then_trigger.png


what made you decide on those spots for stop placement?


STEP_1: select an objective entry method:

red shoulders 'activate' green shoulders and green waists 'activate' red waists:

STEP_2: subtract half of a line from the entry signal.

STEP_3: place your stop on or in the middle of lines that are lower than the adjusted signal.


signal.png
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buffalo
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Re: Trading Can Be Simple

Postby buffalo » Tue Jun 15, 2021 6:44 pm

IgazI wrote:
buffalo wrote:
IgazI wrote:This is a Kagi chart. it is using 2 minute closing prices and 0.5 pip reversals; it is capturing every tick up to the close.

Most people look for entries and then generate stops behind their entry, but this is backward thinking;
you first mark the line that looks like a good stop location and then you generate a trigger from the stop.

The triggers are 2 or 3 lines from the marked stop and the actual stop is slightly less than 2 or 3 lines.

If you get stopped out then you keep drawing x's and generating triggers.

If you only learn how to place stops then you will have everything you need to confidently place orders.

Stop_then_trigger.png


what made you decide on those spots for stop placement?


STEP_1: select an objective entry method:

red shoulders 'activate' green shoulders and green waists 'activate' red waists:

STEP_2: subtract half of a line from the entry signal.

STEP_3: place your stop on or in the middle of lines that are lower than the adjusted signal.


signal.png


does this look right? buy boxes entry at top stop at bottom, sell box entry at bottom stop at top

6152021.png
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IgazI
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Re: Trading Can Be Simple

Postby IgazI » Tue Jun 15, 2021 8:57 pm

buffalo wrote:
IgazI wrote:
buffalo wrote:
what made you decide on those spots for stop placement?


STEP_1: select an objective entry method:

red shoulders 'activate' green shoulders and green waists 'activate' red waists:

STEP_2: subtract half of a line from the entry signal.

STEP_3: place your stop on or in the middle of lines that are lower than the adjusted signal.


signal.png


does this look right? buy boxes entry at top stop at bottom, sell box entry at bottom stop at top

6152021.png


Yes, that's fine; price moving through lines, or halves, in the direction of the activated carrot.

Good job! :D

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IgazI
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Re: Mark Mark Trading Epic

Postby IgazI » Wed Jun 16, 2021 1:32 am

21 boxes so far :shock: when will it end? 30+ is pretty rare. . .

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