MO's MBT Micro

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pablo101
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Postby pablo101 » Wed Nov 18, 2009 3:44 pm

MightyOne wrote:
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:


MO, glad you're doing so well and I hope I'm not disturbing your game playing with my questions :)

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

So you became a red rat because weekly was red and therefore on your 8 hour you only trade shorts?

If this is the case where did you enter and what are the multiple horizontal lines on the side please?
What line? The line that tells you which way you are trading! - MO

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MightyOne
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Postby MightyOne » Wed Nov 18, 2009 8:15 pm

pablo101 wrote:
MightyOne wrote:
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:


MO, glad you're doing so well and I hope I'm not disturbing your game playing with my questions :)

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

So you became a red rat because weekly was red and therefore on your 8 hour you only trade shorts?

If this is the case where did you enter and what are the multiple horizontal lines on the side please?


The lines are fibo. and they are used as mfAR:

0.1665, 0.333, 0.4995, 0.666, 0.8325, 0.999, 0, 1.1665, -0.1665

Divide the 2 bar range by 6 and draw a box that = 1/6 the range.

Place your fibo tool on the top of the box as if it were a high and drag downwards until the fibo are spaced to = 1/6 the range.

On the open of a new candle place a fibo line on the open.

From here there are a number of options:

1. You can move the fibo with the low or high wick and buy/sell on a retracement like TRO_HL.

2. You can leave the lines where they are and use it as a range adjusted Buy Zone.

I trade the 6 hour with D1 color, 8 hour with W1 color, etc.

I have also been experimenting with the Recent Candles indicator.

E.Area = 133.95, 133.45, 133.30, 132.90

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pablo101
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Postby pablo101 » Thu Nov 19, 2009 5:31 am

MightyOne wrote:
pablo101 wrote:
MightyOne wrote:
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:


MO, glad you're doing so well and I hope I'm not disturbing your game playing with my questions :)

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

So you became a red rat because weekly was red and therefore on your 8 hour you only trade shorts?

If this is the case where did you enter and what are the multiple horizontal lines on the side please?


The lines are fibo. and they are used as mfAR:

0.1665, 0.333, 0.4995, 0.666, 0.8325, 0.999, 0, 1.1665, -0.1665

Divide the 2 bar range by 6 and draw a box that = 1/6 the range.

Place your fibo tool on the top of the box as if it were a high and drag downwards until the fibo are spaced to = 1/6 the range.

On the open of a new candle place a fibo line on the open.

From here there are a number of options:

1. You can move the fibo with the low or high wick and buy/sell on a retracement like TRO_HL.

2. You can leave the lines where they are and use it as a range adjusted Buy Zone.

I trade the 6 hour with D1 color, 8 hour with W1 color, etc.

I have also been experimenting with the Recent Candles indicator.

E.Area = 133.95, 133.45, 133.30, 132.90


This requires some playing around, I'll get back to you. Thanks MO :)
What line? The line that tells you which way you are trading! - MO

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MightyOne
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Postby MightyOne » Thu Nov 19, 2009 9:23 am

You just gotta WAIT for a trade and WAIT when UR in a trade:

Image

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Kenyuki
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Postby Kenyuki » Thu Nov 19, 2009 9:47 am

MightyOne wrote:You just gotta WAIT for a trade and WAIT when UR in a trade:


Amen that :D

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pablo101
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Postby pablo101 » Thu Nov 19, 2009 9:53 am

MightyOne wrote:You just gotta WAIT for a trade and WAIT when UR in a trade:

Image


If this involves practically no thinking then I can wait until the cows come home :)
What line? The line that tells you which way you are trading! - MO

Andy123
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Postby Andy123 » Thu Nov 19, 2009 11:38 am

Hi MO

Thank you for everything you have done on this forum.

Just so I can fully understand this and hopefully help others to understand it too. I've attached some screenshots of what I think you mean, would this be correct ?

Thanks







Thanks again

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MightyOne
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Postby MightyOne » Thu Nov 19, 2009 12:01 pm

Image

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MightyOne
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Postby MightyOne » Thu Nov 19, 2009 12:11 pm

Image

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MightyOne
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Postby MightyOne » Thu Nov 19, 2009 1:21 pm

1. No brain trades

2. Large charts

3. Known Risk

4. Larger reward over smaller moves

5. Trade up to 5x larger positions for the same or less risk

6. Can rest your eyes without fear of price spikes or missing the move

Need I continue?

Image

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