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MightyOne
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Postby MightyOne » Mon Nov 09, 2009 5:16 am

pablo101 wrote:
MightyOne wrote:I am not sure what exactly I had, but I was sick for 4 days without mercy.

And of course I had to be completely out of Biotic Silver...


Sounds rough, sorry to hear that :(


Thanks Pablo101

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MightyOne
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Postby MightyOne » Mon Nov 09, 2009 3:04 pm

Random Rules of Thumb for Successful Trading:

Never place another trade fewer than 20 minutes after the previous trade (20 minutes after the prev. trade NOT per 20 min. candle)

a. Nothing significant happens every 20 minutes

b. If something significant is happening then you should have held your first trade :shock:

You should not use more than 20 to 1 leverage.

a. If you are targeting 40+ pips then your leverage should be 10 to 1 or less.

b. If you are targeting 40+ pips and trading multiple time frames and/or pairs then you should between 2 & 5 to 1 leverage.

Trade the larger time frames (DO, WHAT, MATTERS) first and then look to the intraday charts to carve out smaller moves in the same direction.

a. by "intraday" I mean 6, 8, 12, & possibly 4 hour charts if you are feeling frisky.

b. 6 hour is tied to D1 color, 8 hour to W1, & 12 hour to MN.

~ Always BUY when a candle is GREEN

~ Always SELL when a candle is RED

a. Small corrections turn into large corrections and large corrections turn into real moves.

b. If price is not correcting then it is moving in the direction of the trend.

c. For RATS, the trend is simply the selected color and the correction is the opposite color.

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MightyOne
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Postby MightyOne » Mon Nov 09, 2009 5:31 pm

This is what I have noticed:

If price opens above 61.8% then the chart is bullish until price opens below 38.2%.

(Both the Recent Candle and GRIDIRON are set to 8)

This would be a variation of high TF candle color where the distance between 61.8 and 38.2% is considered to be a thick horizontal line (above = green and vise versa).

If price opens above the line that signals strength

Price opening inside the line after strength is great position in the larger picture.

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mthomas
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?

Postby mthomas » Tue Nov 10, 2009 2:42 am

how does one determine the look back periods for the gridiron
for the various timeframes any hints?

Thanks ,
Alotofpips

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Re: ?

Postby MightyOne » Tue Nov 10, 2009 3:44 am

mthomas wrote:how does one determine the look back periods for the gridiron
for the various timeframes any hints?

Thanks ,
Alotofpips


It takes 3 candles to interpret momentum:

1. non-momo
2. possible momo
3. hugging candle

The candles are considered to be 1 unit of the larger time frame which also uses 3 candles to determine its momo and that brings me to 9 candles or a setting of 8 on the GRIDIRON and/or Recent Candles indi.

I don't think it really matters what settings you use as 100 candles seem to work just fine as well.

I would use a setting of 8 on all time frames down to 4 hours.

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TheRumpledOne
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Re: ?

Postby TheRumpledOne » Tue Nov 10, 2009 1:27 pm

mthomas wrote:how does one determine the look back periods for the gridiron
for the various timeframes any hints?

Thanks ,
Alotofpips


The inputs!!

myBars - set it to the number of bars to use. If = 0, uses all bars visible on the chart.

myShift - bar to start with. 0 = current bar, 1 = previous bar.
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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MightyOne
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Postby MightyOne » Wed Nov 11, 2009 10:17 am

mfAR doing its thing...again :roll:

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Postby Braathen » Wed Nov 11, 2009 10:56 am

Hi MO.. just like to say that everything u have taught me so far has been great.. 3-4 months of my life have been spent on trading and its been great..i got something down and its really working.. just been sick myself for about 3-4 days now and have not been trading.. still feeling kinda s**t but could stay away today.. so anyway i started to feel like the learning proccess slowed down.. i feel i just take trades now and thats wonderfull but I NEED MORE!! hehe.. so i started reading this new stuff u have been coming out with and it boggles me.. being totaly green(green=newbie) i guess thats understandable.. but anyway would be great if u could point out witch threads i should be reading to keep up.. is this all based on rat reversals? sorry for the newbie questions
"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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MightyOne
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Postby MightyOne » Tue Nov 17, 2009 10:28 am

Braathen wrote:Hi MO.. just like to say that everything u have taught me so far has been great.. 3-4 months of my life have been spent on trading and its been great..i got something down and its really working.. just been sick myself for about 3-4 days now and have not been trading.. still feeling kinda s**t but could stay away today.. so anyway i started to feel like the learning proccess slowed down.. i feel i just take trades now and thats wonderfull but I NEED MORE!! hehe.. so i started reading this new stuff u have been coming out with and it boggles me.. being totaly green(green=newbie) i guess thats understandable.. but anyway would be great if u could point out witch threads i should be reading to keep up.. is this all based on rat reversals? sorry for the newbie questions


I buy when price is going up or sell when price is going down.

I have lost the will to do anything more complicated than this :shock:


Now I shift my focus to Bobbo's Bible and Baluga Whale's Easy Game :wink:

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MightyOne
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Postby MightyOne » Tue Nov 17, 2009 10:35 am

Why did I ever bother to think...

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