MO's MBT Micro
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
spa wrote:i guess i missed the mark with my attempt... can't quite figure out the proportions between movements
That is what Momentum Candles are for.
The real value in a TREE is understanding the pattern so that you know how best to trade it.
If it is long and trendy you might lean into the move and aggressively buy or sell.
If it is choppy then you might do a lot of hedging.
MightyOne wrote:spa wrote:i guess i missed the mark with my attempt... can't quite figure out the proportions between movements
That is what Momentum Candles are for.
The real value in a TREE is understanding the pattern so that you know how best to trade it.
If it is long and trendy you might lean into the move and aggressively buy or sell.
If it is choppy then you might do a lot of hedging.
sure hope there is a 3rd chart in a few days/weeks in your series ..to reverse engineer some additional details... you'd say 2 are enough, but not quite...
i just get fixated on a 2-3 or 6-7 etc. movement and seem to find to many of them
spa wrote:MightyOne wrote:spa wrote:i guess i missed the mark with my attempt... can't quite figure out the proportions between movements
That is what Momentum Candles are for.
The real value in a TREE is understanding the pattern so that you know how best to trade it.
If it is long and trendy you might lean into the move and aggressively buy or sell.
If it is choppy then you might do a lot of hedging.
sure hope there is a 3rd chart in a few days/weeks in your series ..to reverse engineer some additional details... you'd say 2 are enough, but not quite...
i just get fixated on a 2-3 or 6-7 etc. movement and seem to find to many of them
You already have too much power for just one man
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- Braathen
- rank: 500+ posts
- Posts: 615
- Joined: Mon Jul 20, 2009 6:21 pm
- Reputation: 15
- Location: Infront of the PC O_o
- Gender:
Id like to share my try at feeling price while trading like i normally do.
In the picture below i saw the turn and stuck in my
est. 30* equelibrium follow by 45*/60* angles as Mo said they where climbing angles(only 45* shown in pic).
I was looking for 15* equelibrium and found price travel at one for a
short period. broke out down but was rejected, and turned following.
Did the same on the way up. There was no real system in these lines
just me trying to feel the 3D equilibrium thing. Sweet trading baco
In the picture below i saw the turn and stuck in my
est. 30* equelibrium follow by 45*/60* angles as Mo said they where climbing angles(only 45* shown in pic).
I was looking for 15* equelibrium and found price travel at one for a
short period. broke out down but was rejected, and turned following.
Did the same on the way up. There was no real system in these lines
just me trying to feel the 3D equilibrium thing. Sweet trading baco
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
STOLEN FROM TRO's POST ON ET:
.......TRADING IS SIMPLE:
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY
.......TRADING IS SIMPLE:
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.