MO's MBT Micro

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MightyOne
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Postby MightyOne » Wed Oct 21, 2009 4:04 am

prochargedmopar wrote:
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


Thanks PRO,

I have not placed a trade on the micro account as of yet :shock:
I have been busy just writing the trading plan.

I have been working on a formula for targeting profit and selecting only the best trades and its name is mfAR or Momentum Filtered Average Range.

It should allow me to pick great trades on the six hour + without having to drop down to a smaller time frame.

I modified the formula to trade charts all the way down to H1

Soon you may get your hands on another rat trade...

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prochargedmopar
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Postby prochargedmopar » Wed Oct 21, 2009 6:39 am

WILL BE WORTH THE WAIT!!!!!

Thanks for the info.
#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 » Wed Oct 21, 2009 10:05 pm

oh man i can't wait to see that

Humble
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Postby Humble » Sun Oct 25, 2009 5:29 am

Thanks MO, looking forward to it.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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MightyOne
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Postby MightyOne » Tue Oct 27, 2009 10:04 am

I am slowly learning how to edit code so that I don't bother TRO so much :lol:

It is just missing:

1. An option to be a red rat

2. Any bells and whistles that TRO would like to add:

((Trigger + (open-low)) * LotValue = $ risked

an option to be a RED RAT

who knows :wink:

While it will work on any time frame I suggest using it on a 3H or greater time frame:

ImageImageImage

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Postby MightyOne » Tue Oct 27, 2009 10:23 am

If the indi says WAIT then you need a new open:

ImageImage

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Postby MightyOne » Tue Oct 27, 2009 6:54 pm

Red Rat version:

Image

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***FX-JEDI***
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Postby ***FX-JEDI*** » Thu Oct 29, 2009 10:16 am

MightyOne wrote:Red Rat version:

Image


Hi MO,

I've been a bit quiet on the forum, had some holidays & now busy again getting ready to move.. so not much trading for me in the next few months :-( ..

Quick question, what is the numbers next to the word trigger represent. its probably something simple, but I just can't work it out.

I'm loving TRO's rat trading style, would you have gone short at the very Hi of the E/J chart, that you posted? which is at a Daily, Weekly, Monthly Hi or would you not considered that little doji candle bearish enough? I think it looks bearish??. I have Blubbs custom candle on E/J on 4hr chart with it set to 12hr's just playing around with larger timeframes. I also have shown on Daily 12HR & 4HR a key reversal candle, as was the one on ur 8hr chart just before entry, i'm a greedy rat & looking at using KR candles at extremes as an option to change rat colour... :) possibly with an increase of probability that the trade will go in my favor also.
With the Jap & Euro looking so bearhish prior to that entry marked on charts, that was a nice setup to go short on E/J there was some good pips to be had there, I had a target short to the daily 61.8% retrace level, I didn't trade it but was keeping an eye on it.. I know your not a fan of fibs, but I like them for targets levels on daily.. along with a Trend line convergence.
as shown in pic.

Was that a real trade you took? nice work if it was..

Cheers ***FX-JEDI***
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Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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MightyOne
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Postby MightyOne » Thu Oct 29, 2009 11:31 am

The numbers in that picture show the distance from the open to the trigger in pips.

I am starting to believe that the only things that matter are:

1. Range

2. Correction Size

&

3. Color

:shock:

Humble
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Postby Humble » Sun Nov 01, 2009 4:04 am

Please don't leave out memo, after all the trouble you and ors (thx es/pip & dragon) went to to explain it's concept.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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