Mark Mark Trading Epic

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IgazI
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Re: Mark Mark Trading Epic

Postby IgazI » Fri Aug 13, 2021 3:04 am

For someone who 'lives on this forum' we don't see much of you; I hope that your studies are going well.

My strategy for buying has been:

- limit order 4 below the current price
- stop limit 4 above current price with a trigger 2 above. . .

you might have to widen it for FX, I'm just giving you the general idea.

Start with an obscenely small position size, 1 & 2 lot orders, then 4 & 10, and finally 20 and 100 lot orders:

aim for a low average price, weigh it down if you think that price will go up significantly, and then raise the average behind price.

I know that it is not the most affordable strategy, but it works well.

The skill that you need to have is to plan several moves ahead:
- what will you do if price goes down?
- by how much will you drop the average price?
- what will you do if price goes down again?
- how will you respond?
- how weighted is your average?
- how quickly do you want your average to move up behind price if the trade goes your way (fewer lots, a 'light' average, = faster moving average)

I do not take any action until the clock is a multiple of 5 minutes; between 14:06 and 14:10 I am just thinking; I might decide to do something or I might decide to do nothing, but when the clock strikes 5 the thinking is over.

Only buy. . .buy puts if you need to but only buy.

That's my $0.02 for the month.
Tey-ah-tah Om Bake-an-zeya Bake-an-zeya Maha-Bake-an-zeya Rahts-ah Sahm-O'gahtey So-ha

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Mark Mark
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Re: Mark Mark Trading Epic

Postby Mark Mark » Thu Sep 16, 2021 10:10 pm

I sat down very tightly to study the price action because my understanding of the market was at a fairly low level. I will return to the forum in a long time. In the meantime, I'm going to write another stack of notebooks.Thank you to everyone who communicated with me.
I am living on this forum :smt024
The Holy Grail Of Trading Is In Your Brain

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Mark Mark
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Re: Mark Mark Trading Epic

Postby Mark Mark » Thu Sep 16, 2021 10:16 pm

A lot of copybooks with price action. I filled about 20 notebooks for the period from March to August
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I am living on this forum :smt024
The Holy Grail Of Trading Is In Your Brain

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IgazI
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Re: Mark Mark Trading Epic

Postby IgazI » Fri Sep 17, 2021 2:16 am

Mark Mark wrote:A lot of copybooks with price action. I filled about 20 notebooks for the period from March to August


That's how it is done, Mark! I sketch my ideas and experiences as well; the best way to learn, I think, is to get down and dirty with paper charts.

The top three technical ideas this year are:
1. Price should never break the low of the bar that made the highest high.
2. Price should never break the low of a bar that made a lower high.
3. Price should never break the low of a bar that closed with a smaller range.
Tey-ah-tah Om Bake-an-zeya Bake-an-zeya Maha-Bake-an-zeya Rahts-ah Sahm-O'gahtey So-ha

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Mark Mark
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Re: Mark Mark Trading Epic

Postby Mark Mark » Fri Sep 17, 2021 7:55 am

IgazI wrote:
Mark Mark wrote:A lot of copybooks with price action. I filled about 20 notebooks for the period from March to August


That's how it is done, Mark! I sketch my ideas and experiences as well; the best way to learn, I think, is to get down and dirty with paper charts.

The top three technical ideas this year are:
1. Price should never break the low of the bar that made the highest high.
2. Price should never break the low of a bar that made a lower high.
3. Price should never break the low of a bar that closed with a smaller range.

I know more difficult things but it makes me understanding the market
I am living on this forum :smt024
The Holy Grail Of Trading Is In Your Brain

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