MO's MBT Micro

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MightyOne
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Postby MightyOne » Sat Apr 17, 2010 3:10 am

newark18 wrote:MO,

In the picture that you previously provided, how did you know that price was going down at the moment of "and down we go"? Several points touched the mid-line. And the price seemed to decline at a 30 degree angle slightly before that (the candles hugging the green line).

I know that I won't get a straight answer from you but I would appreciate any more direction.

Image


Stay away from diagonal lines until you master horizontal lines.

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MightyOne
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Postby MightyOne » Sat Apr 17, 2010 3:30 am

newark18 wrote:
MightyOne wrote:If the vast majority of traders are responding to the same set of market conditions in a mechanical way does this show up in the charts?

Hell yes it does...

Is it possible to "predict the future" if you know what the masses are going to do in the future?

Hell yes you do.

Many large firms are already aware of this and apply extremely complex pattern recognition software to their charts.

You have no hope...

You think your little mechanical system will survive in the future when the truth is that it will be absorbed.

The only hope you have is understanding and the application of logic.

Image


Now I am sort of confused with this post. Are you posting these patterns to help us identify and use to our advantage? Or are they a means to show that patterns can be identified and absorbed?



It is highly unlikely that any of you will be able to find these patterns on your own.

There are a few here who are head and shoulders above the rest in analytical ability and they may find the chart of significant value some time in the distant future.

What they may do is find a TREE and then look for price action to align with the prediction of the TREE.

If they cannot combine candles and make simple comparisons then this level of trading is out of their reach.

All of the small things that you learn add up to the big thing.

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Postby JESGPY » Sat Apr 17, 2010 3:57 pm

MightyOne wrote:
newark18 wrote:MO,

For some reason I thought he meant something else. I thought he was referring to the methods that help him break even once a candle closed against him. I got it and now I am on the same page. Much thanks.


If price closes against your position then you can set a limit order at the price you entered into the market.

While you can significantly reduce the size of your loss on a lot of trades you do run the risk of taking an additional loss.

If you trade with 15-25 to 1 leverage then you probably just want to get out.


MO.

You mean hear that when you enter a trade. If the candle in which you entered at closes below your entry price its better just to close the trade and wait for price to get back to your entry price instead of waiting to find out if your stoploss is going to be hit or not.? I find this interesting cause i've noted that all my MZ trades when they are good they go positive from the moment I enter the trade.

JUAN

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Postby franck » Sat Apr 17, 2010 5:00 pm

* anyOne can be prOfitable tradING ANY line. see it?

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Postby aliassmith » Sat Apr 17, 2010 6:16 pm

JESGPY wrote:
MightyOne wrote:
newark18 wrote:MO,

For some reason I thought he meant something else. I thought he was referring to the methods that help him break even once a candle closed against him. I got it and now I am on the same page. Much thanks.


If price closes against your position then you can set a limit order at the price you entered into the market.

While you can significantly reduce the size of your loss on a lot of trades you do run the risk of taking an additional loss.

If you trade with 15-25 to 1 leverage then you probably just want to get out.


MO.

You mean hear that when you enter a trade. If the candle in which you entered at closes below your entry price its better just to close the trade and wait for price to get back to your entry price instead of waiting to find out if your stoploss is going to be hit or not.? I find this interesting cause i've noted that all my MZ trades when they are good they go positive from the moment I enter the trade.

JUAN


When a candle closes against a price you believe to be support/resistance,
(ie. MZ, zline, etc.) then something is probably WRONG. MightyOne said
something to that effect

So you say:
"I find this interesting cause i've noted that all my MZ trades when they
are good they go positive from the moment I enter the trade. "

His quote goes along with your observation and my observation as well.
:)

Limit your losses with this method instead of taking full stop losses all the
time. It can increase your profitablility. At least that is what I try to do,
unless the price moves to fast and hits my stop loss anyways. The stop
loss is the back-up exit plan "last ditch".
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sat Apr 17, 2010 7:11 pm

Image

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MightyOne
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Postby MightyOne » Sat Apr 17, 2010 7:41 pm

Image

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newark18
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Postby newark18 » Sat Apr 17, 2010 8:06 pm

MO, that is uncanny

I know you told me to master horizontals first but I am too interested.
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Sat Apr 17, 2010 9:01 pm

Here are some more lines to float your boat:

Image

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noone22
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Postby noone22 » Sun Apr 18, 2010 1:14 am

MightyOne wrote:Here are some more lines to float your boat:
Image


With all my respect...
There is too much subjectivity involved
- even in drawing of "proper" trendlines.
How to draw a trendline?
There is 1000 + 1 ways of doing so,
and they all could confuse and mislead.

So, what to do with all these angles?

With very few explanations, I don't have a clue,
what to do with all this stuff.

Price went up 30 degrees, then - down 30 degrees.
And so what?
What I suppose to do after that?

I know, that MO is master of puzzles,
but I cannot implement puzzles in real trading.

If someone is smart enough to grasp this complex
concept from a few confusing charts, he's great.
I'm not the one, and I have a courage to
say it openly.

There is interesting theory of "price pace"
by Toni Hansen, where she explains
(in plain English with lots of examples),
how to determine future price trend, based
on previous movement and angles.
But in absence of any indicators, even it
looks like a puzzle for me.

I like to solve puzzles once only,
after that they should be automated
and be forgotten, blindly showing me the way.

No stress, it's just my point of view.

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