Remember, there are no magic lines.
DO NOT BE FOOLED OR ELSE THE RAT WILL BEAT YOU!!
MO's MBT Micro
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- TheRumpledOne
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- Patch
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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
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
- prochargedmopar
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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
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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:
- prochargedmopar
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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!!!
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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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
There's no business like [strike]show[/strike] covid19 business.
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
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...
- prochargedmopar
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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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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