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TheRumpledOne
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Postby TheRumpledOne » Sat Oct 17, 2009 3:31 am

Remember, there are no magic lines.

DO NOT BE FOOLED OR ELSE THE RAT WILL BEAT YOU!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Patch
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Postby Patch » Sat Oct 17, 2009 8:28 am

The big bad rat may take a bite out of you.

BOA had a Big BITE taken out of them. Couldn't happen to a more deserving group of RATS.

Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby prochargedmopar » Sat Oct 17, 2009 3:01 pm

MightyOne wrote:The cone widened & no trader (who is out of bed) is left alive with profit ;)

Not convinced enough to go long...
maybe 4650

Image


In the stikky stock charts book, It said that "megaphones" usually end in a drop.

I see 2 in this pic. Both culminated in a big drop in price.

There are too many profitable patterns in the market. It's nuts.
#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 17, 2009 6:24 pm

flossnhoss wrote:
MightyOne wrote:
bacoazul wrote:Sorry if this question was answered before but i can't find the answer, how u do to draw real 15' lines, cuz i use trend line by angle, but when i zoom in-out the line seems to change angle, or at least don't touch the same candles, ty


Draw a 15* angle with the line by angle tool and then draw a TL over it.

Hold down shift to extend the line into the future without changing the angle.

Hold down CTRL and drag line to copy the angle.


Thanks, I asked this same question today on the NLA thread.

The other part of my question was which scale is 'correct' to draw the 15-20* angle on? Maybe that is a stupid question...but I'm asking anyway :)

Thanks

-floss


Horizontally the rule of thumb is the tighter the better.

Vertically you should have candles touching at least the top and bottom 20% of your chart.

Angle strategy for chart formations is based on the Diamond of Perception:

Image

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prochargedmopar
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Postby prochargedmopar » Sat Oct 17, 2009 10:05 pm

Horizontally the rule of thumb is the tighter the better.
MightyOne,

Will you please put this into the context you are referring to?

I understand the next 2 statements, just not that one.
And, I really appreciate that chart and the guidelilnes you've writtin on it.
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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bacoazul
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Postby bacoazul » Sun Oct 18, 2009 2:24 am

Any1 here talk spanish, i don't understand the words wedges and pennant, so i can't understand most of what MO says in his last post, and google traductor doesn't help
ty

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PTG
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Postby PTG » Sun Oct 18, 2009 11:47 am

bacoazul wrote:Any1 here talk spanish, i don't understand the words wedges and pennant, so i can't understand most of what MO says in his last post, and google traductor doesn't help
ty

Hola Baco,
Puedes buscarlo en investopedia.com !

Wedge: http://www.investopedia.com/terms/w/wedge.asp
Pennant: http://www.investopedia.com/terms/p/pennant.asp
This is my new signature: "new signature".

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bacoazul
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Postby bacoazul » Mon Oct 19, 2009 2:08 am

PTG wrote:
bacoazul wrote:Any1 here talk spanish, i don't understand the words wedges and pennant, so i can't understand most of what MO says in his last post, and google traductor doesn't help
ty

Hola Baco,
Puedes buscarlo en investopedia.com !

Wedge: http://www.investopedia.com/terms/w/wedge.asp
Pennant: http://www.investopedia.com/terms/p/pennant.asp


muchas gracias PTG ahora entiendo

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MightyOne
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Postby MightyOne » Mon Oct 19, 2009 8:16 am

prochargedmopar wrote:Horizontally the rule of thumb is the tighter the better.
MightyOne,

Will you please put this into the context you are referring to?

I understand the next 2 statements, just not that one.
And, I really appreciate that chart and the guidelilnes you've writtin on it.
THX!!!


The rule of thumb is to take a chart like this:

| | | | | | | | | |

and make it look like this:

||||||||||

The tighter the better...

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prochargedmopar
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Postby prochargedmopar » Wed Oct 21, 2009 12:59 am

MightyOne wrote:
prochargedmopar wrote:Horizontally the rule of thumb is the tighter the better.
MightyOne,

Will you please put this into the context you are referring to?

I understand the next 2 statements, just not that one.
And, I really appreciate that chart and the guidelilnes you've writtin on it.
THX!!!


The rule of thumb is to take a chart like this:

| | | | | | | | | |

and make it look like this:

||||||||||

The tighter the better...


Thankyou, I understand. (ZOOM OUT) LOL

Your teaching is brilliant and the last few weeks have opened up doors for many traders on this site. Simple but powerful.

If you are trading the $450, please show us some trades.
Seeing is part of learning and this would be very helpful to many of those who doubt.

Pro
#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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