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noone22
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Postby noone22 » Mon Apr 19, 2010 2:38 am

MightyOne wrote:Image
2. Take daily chart formation (H&S, NS-Channel, 1-2-3, etc) breakout long if in low areas and short if in high areas.


Thank you MO for clear explanations for your new idea.

Thinking about it: price won't stay for long
in both red & green zones, so trader have to spend
more time waiting for price to reach this areas, rather
than trading - like setting a trap.

But in year 2008 (during huge bearish fall),
how one could trade this system ?
(when new lower low was made every week, if not - every day)

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MightyOne
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Postby MightyOne » Mon Apr 19, 2010 3:17 am

noone22 wrote:
MightyOne wrote:Image
2. Take daily chart formation (H&S, NS-Channel, 1-2-3, etc) breakout long if in low areas and short if in high areas.


Thank you MO for clear explanations for your new idea.

Thinking about it: price won't stay for long
in both red & green zones, so trader have to spend
more time waiting for price to reach this areas, rather
than trading - like setting a trap.

But in year 2008 (during huge bearish fall),
how one could trade this system ?
(when new lower low was made every week, if not - every day)


"You want to know what I did for the first 4 years?" -MO

It is neither a new idea or system...

It is a slight variation of the "Levels System" from Ken Roberts options course.

It is also self explanatory :lol:

Later I replaced it with the 2 Extreme method.

That said, in 2008 you would have purchased some 4-6 month put options and then sat on your ass until ~35 days prior to expiration.

If significantly in profit you would convert to an 4-5 month outright position, sit on a cushion of profit, and periodically roll over your contracts.

Some years from that time you would finally liquidate your position as price moved past the 50% to the opposite gray area.

And yes I have held futures positions for several years:

Coffee starting at $0.69

Gold at $259

Rice from the bottom of the monthly to the top...forgot my entry price.

I did not post the chart so that you would have a new toy to play with, I was just showing what I used the 4 years after which there was no money left to do anything but wait as I was maxed out.

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bredin
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Postby bredin » Mon Apr 19, 2010 3:20 am

I believe the idea is to trade short from the red zones and long from the green zones. In theory you should have been mentally (if not actually positionally) prepared to short BEFORE that big drop.

edit: MO posted as I was typing

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Postby franck » Mon Apr 19, 2010 7:42 am

1) Thanks MO. The group is learning! (incl. me) and it will be good to have your continual guidance.

Pondering thoughts in myself.
2) if life is like a BAR and there is a "right" or "wrong" at the close of the bar, then the feeling we have or the INTUITION sense we have may be able to tell us if we are going the right direction in life.

3) despite all advances in computer algorithm in the hand of big boys, we still have the followings

a) the nature of market is as such the market will go up after its down and the market will go down after its up.

b) the control of stop loss is in our hands until we are stopped from playing the game.

c) intuition, with the speed of small to act. Like the warning the birds get before a tsunami/earthquake.

3) http://www.socionomics.net/progress/pro ... aspx#proso

IMO, if the market is a mirror image of oneself (human behavior), the best teacher then is self ;)

4) The area of event (eg price)/time projection/"prediction"/forecasting is always under scrutiny. Without going into the details, i ponder how i can use it and work backwards. When someone tells me my horoscope for tomorrow's, weather forecast for this evening, or even my life destiny (http://en.wikipedia.org/wiki/Zi_wei_dou_shu), what does it mean to me at this point in time? tomorrow? i am using the extremes as an example.

From a student behind.
* anyOne can be prOfitable tradING ANY line. see it?

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noone22
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Postby noone22 » Mon Apr 19, 2010 12:43 pm

MightyOne wrote:It is also self explanatory


The only one ambiguity remaining is -
what is the actual point to enter in reverse direction?

Let's imagine, that price is near Higher High.
Which way it will go & when?
Big chances are, that it will fail, but it may still breakout.

So a "little bit of confirmation" is required to enter short at High extreme.

The question is: which one from the following is more reliable
(if any) as such confirmation:

- Rat entry
- 1-bar or 2-bars reversal
- TRO semaphor # 3 or higher
- red candle closed below the Higher High with wick above it
- just 2 red bars in the row
- something else (would like to know it anyway)

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Postby Braathen » Mon Apr 19, 2010 1:08 pm

Argh.. angles flying around my head ... hehe
Nobody else is posting so ill throw up my latest trade.
This is just a headcase of me trying to incopirate dop into my trading.
I have NO IDEA whether this is even close to anything logical.

Image

edit: trying diffrent sizes here :) :)
Last edited by Braathen on Mon Apr 19, 2010 1:12 pm, edited 2 times in total.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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es/pip
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Postby es/pip » Mon Apr 19, 2010 1:10 pm

Braathen wrote:Argh.. angles flying around my head ... hehe
Nobody else is posting so ill throw up my latest trade.
This is just a headcase of me trying to incopirate dop into my trading.
I have NO IDEA whether this is even close to anything logical.

Image


can you make that chart larger
Bend over and assume the position for another 4 years of hope and change.

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Braathen
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Postby Braathen » Mon Apr 19, 2010 1:13 pm

Tiny pics sucks sometimes.. keeps saying my GiF. files arnt gif.. so this is crappy jpeg. Anyone know a better option?
"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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es/pip
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Postby es/pip » Mon Apr 19, 2010 1:27 pm

i can see it now

thanks
Bend over and assume the position for another 4 years of hope and change.

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Braathen
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Postby Braathen » Mon Apr 19, 2010 1:32 pm

Not like u where missing out anyway :) :)
"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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