MO's MBT Micro

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aliassmith
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Postby aliassmith » Fri Oct 09, 2009 5:06 pm

MightyOne wrote:I am not trying to get you guys/gals to stop what you are doing and trade triangles.
I only wanted to show you yet another thing that may fit with your personality.

I have so many trading methods that we could do something new each month for years to come.

It is best to stick with one method and later add another that works better in a different market condition.


I like your early Elliot WAve concept. I seems similar to what FTI at forex factory talks about. He said that the people that took over the concept really distorted the whole thing. He preferred to use the old style :)
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prochargedmopar
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Postby prochargedmopar » Fri Oct 09, 2009 6:56 pm

M.O.,
I read the Stikky stock charts book last week and saw the 3 basic triangles they used along with the "widening" megaphone.

It seemed too simple but I was able to pick direction every time it asked except once. I know it's extremely basic but interesting to note your use of triangles here.
#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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Braathen
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Postby Braathen » Sat Oct 10, 2009 5:48 am

Hey MO.. i didnt want a new trick or whatever.. i wanted something more to defiine entries with my MZ strat thats has been working quit well already... but this here gives me confidence to hold the trades.. confidence on my entries.. for me this is a must have.. i normally take 1-2 entries before i get the move.. yesterday with the help of this elliot wave triangle stuff i got the move the first time.. i dont feel that combining this will effect my trading in any negativ way.. i was looking for something new and i found it.. lucky me u answered my stuff yesterday and gave me some serious info.. i mean after we had that discussion yesterday on teh forum it just opened up the MZ (held profit) for me.. thanks so much again and i hope u dont mind me posting progress
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

aliassmith
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Postby aliassmith » Sat Oct 10, 2009 2:59 pm

Here is a trade I learned awhile back that is pretty nice.
It is based on the H1 chart, which I would be trading
all the time if I was a full-time trader.

There is a trade that is nice and based on Z-lines (Which
I didn't know when I first learned it).

Looking for a break-out to happen. After the breakout candle
closes and also goes about 30 pips away, price will return to
the break-out point zeroing out the break-out profit. At that
point it is time to get in and make pips. If you go for about
60 pips then there was 9 trades this week for about 540 pips.

The green arrows show long trades and the reds show short trades.

I would probably need a blackberry/netbook to monitor the markets.
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AndreasF
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Postby AndreasF » Sat Oct 10, 2009 3:21 pm

This was taught by 3clipz3 in the RPS-system as 'retest-psycho-scalp' -and it works nice.
In his system 3clipz3 uses the sema 3 on M1 as entry and exist for trading back into the BO


MO
when have you planned to take the first live-trade on the MBT-account?

Thanks
Andreas

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aliassmith
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Postby aliassmith » Sat Oct 10, 2009 3:42 pm

AndreasF wrote:This was taught by 3clipz3 in the RPS-system as 'retest-psycho-scalp' -and it works nice.
In his system 3clipz3 uses the sema 3 on M1 as entry and exist for trading back into the BO


I learned it from Sam Seiden along with Supply/Demand dynamics.

Thanks for the heads up on 3clipz3, I'll see if I can pick up any pointers.
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MightyOne
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Postby MightyOne » Sat Oct 10, 2009 4:05 pm

I stopped selling a retrace from the low and started demanding that, if a candle closed red, price move lower from the open of the following candle.

Red rats cannot see the color green :shock:

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MightyOne
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Postby MightyOne » Sat Oct 10, 2009 4:11 pm

AndreasF wrote:This was taught by 3clipz3 in the RPS-system as 'retest-psycho-scalp' -and it works nice.
In his system 3clipz3 uses the sema 3 on M1 as entry and exist for trading back into the BO


MO
when have you planned to take the first live-trade on the MBT-account?


Thanks
Andreas


Soon...

Still undecided as to how I shall record the trades

Maybe OPEN-HIGH-LOW-CLOSE

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Postby AndreasF » Sat Oct 10, 2009 4:40 pm

Thanks for keeping up with this project- appreciate your efforts very much.

Andreas

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prochargedmopar
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Postby prochargedmopar » Sat Oct 10, 2009 5:28 pm

AndreasF wrote:Thanks for keeping up with this project- appreciate your efforts very much.

Andreas


Please include the time/date of trades so I can study the background prior to entries.....THX.
#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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