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prochargedmopar
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Postby prochargedmopar » Sat Oct 10, 2009 7:30 pm

MightyOne wrote:You could try and pay thousands of dollars for better trading methods, but I have been there done that and have not found any.

Making money is all about how skilled you are at turning your observations into words (a trading plan).

If you don't know what to look for or which questions to ask or how to turn your observations into a trading plan then you just need practice doing so.

What you don't need is some loser sitting you down in front of a chart teaching you how to interpret an oscillator and draw support and resistance lines for $3,500 (I have been scammed more than once unfortunately;)).

Image


Considering how M.O. has drawn his boxes in the area's of the X's......those are very interesting points to note.

Price has broken/closed below the lower trend line of the ascending triangle.

When price gaps up sunday night we will have to WAIT to see if it becomes support or falls through and comes back up to become resistance........

If it becomes support, we are going to go long with a target of 6300.
300+ pips.

If it re-brakes and finds resistance we go short for a target of 5600.
Another +300 pip run.

+3, +30, +300, what's the difference?? LOL

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#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 » Sat Oct 10, 2009 7:47 pm

Ahhhh,

Look how those lines nicely transfer to a daily chart!!!

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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MightyOne
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Postby MightyOne » Sat Oct 10, 2009 9:56 pm

prochargedmopar wrote:Ahhhh,

Look how those lines nicely transfer to a daily chart!!!

Image


Both lines should use the same angle between 15-20*

For that chart I used a 15* angle.

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prochargedmopar
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Postby prochargedmopar » Sun Oct 11, 2009 12:13 am

MightyOne wrote:
prochargedmopar wrote:Ahhhh,

Look how those lines nicely transfer to a daily chart!!!

Image


Both lines should use the same angle between 15-20*

For that chart I used a 15* angle.


Ok, i hadn't made it to your more recent posts....I'm driving to florida and just started playing with trend lines. first ones ever to use for fortune telling by drawing them myself. I was trying to follow the3 touch rule.....I see now, think outside the triangle...... I'll study the pics while on vacation.
#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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what angles to use?

Postby Braathen » Sun Oct 11, 2009 10:00 am

I get the whole held profit and MZ but i feel i need to get a better feel for the trend and its larger turns .. knowing where u going etc so i was sitting there looking at all this and then i remember something about unleashing teh pip FURY?! with the diamond of perception.. and im currently trying to gather every picture and text MO has written on the subject and dig in to it.. anyway with what i have so far i came up with this.. maybe i could get a nudge if im on to anything :twisted:

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Again thanks to everyone who spends time on this forum :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Re: what angles to use?

Postby MightyOne » Mon Oct 12, 2009 4:45 am

Braathen wrote:I get the whole held profit and MZ but i feel i need to get a better feel for the trend and its larger turns .. knowing where u going etc so i was sitting there looking at all this and then i remember something about unleashing teh pip FURY?! with the diamond of perception.. and im currently trying to gather every picture and text MO has written on the subject and dig in to it.. anyway with what i have so far i came up with this.. maybe i could get a nudge if im on to anything :twisted:

Image

Again thanks to everyone who spends time on this forum :)


There are only two things you have to remember:

1. You only have to be accurate to within 5*
2. The market is moving VERY MUCH slower than you think it is :shock:

If you want to be "on to something" then remember this:

On any day there are only 2 extremes and price will move a hundred or more pips from one or the other.

You may think I am being funny, but I could not be more serious 8)

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Postby Braathen » Mon Oct 12, 2009 5:15 am

Trust me i believe when u say ur are dead serious.
Ill let these words ring a bit and read the previous posts from NLA where u stated these comments before.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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pablo101
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Re: what angles to use?

Postby pablo101 » Mon Oct 12, 2009 5:46 am

MightyOne wrote:On any day there are only 2 extremes and price will move a hundred or more pips from one or the other.


Your earlier comment about price moving from/to entremes has haunted me to no ends and I'm still working hard to seek the truth. I'm quite thick but I will get there eventually. Thanks MO for your valuable teachings [-o<
What line? The line that tells you which way you are trading! - MO

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Postby Braathen » Mon Oct 12, 2009 5:57 am

**edit** I prob should have posted this in NLA.. just say if u want me to move it MO :)

First EU trade of the week.. and pablo! my sl was 15 ;)

Gonna hold for target or small loss

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"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Postby MightyOne » Mon Oct 12, 2009 6:19 am

You could do nothing but use triangles and channels and be happy for the rest of your life :lol:

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