Mr. D's Humble Quest in the Wick Land

[Mr. D]

Got out after a reversal formed, pocketing some pips. That big bar was scary while forming but remembered "wicks in the direction of loss".

Conclusion: should have exited after the third bar down, could have entered in the same place, taking advantage of the humongous-wick bar. All in retrospect, of course

[Mr. D]

Yes I did interact with him on and off of kreslik, but I don't claim to understand everything he talked about.

Is there a place where you discuss your discoveries and questions? I see MO followed your lead and applied his ideas to trading stocks. How is that going?

No where specific.

Yes similar principles apply to stocks but I am still a fan of forex and futures.

MO says, that you were one of the two people for whom he stayed on this forum. Says a lot.

[aliassmith]

Is there a place where you discuss your discoveries and questions? I see MO followed your lead and applied his ideas to trading stocks. How is that going?

No where specific.

Yes similar principles apply to stocks but I am still a fan of forex and futures.

MO says, that you were one of the two people for whom he stayed on this forum. Says a lot.

Most of my interaction on kreslik was with MO, es\pip, and dojo. Also dragon here and there. They all have something of value to offer on kreslik. Then again there are others lthat people don't name that helped shape this place.

[Mr. D]

MO blatantly says what not to trade,

post90436#p90436

[Mr. D]

P&F explanations,

post90525#p90525

[LeMercenaire]

Some "gobblygook" of this forum,

post90244#p90244

''...have fun kicking rocks .'' lol.

[aliassmith]

Got out after a reversal formed, pocketing some pips. That big bar was scary while forming but remembered "wicks in the direction of loss".

Conclusion: should have exited after the third bar down, could have entered in the same place, taking advantage of the humongous-wick bar. All in retrospect, of course

I posted the same chart with things I look at. So I love the short entry at the down arrow, I would look for an exit at the line marked "1" which is also about equal to the ATR of 13ish pips. If I feel I can get more I would be looking at an exit at line "2".

According to MO you would trade no more than 2 candles after the Momo so the exit would still be around the line "1"

[aliassmith]

Trades off of the GU. 4ish hours and about 40 pips using the ideas that evolved from Zlines.

[Mr. D]

Got out after a reversal formed, pocketing some pips. That big bar was scary while forming but remembered "wicks in the direction of loss".

Conclusion: should have exited after the third bar down, could have entered in the same place, taking advantage of the humongous-wick bar. All in retrospect, of course

I posted the same chart with things I look at. So I love the short entry at the down arrow, I would look for an exit at the line marked "1" which is also about equal to the ATR of 13ish pips. If I feel I can get more I would be looking at an exit at line "2".

According to MO you would trade no more than 2 candles after the Momo so the exit would still be around the line "1"

Cool, or "kewl" MO style

When you place 15 angles, how do you find a starting or reference point? Is there a guiding principle that you use? Is it simply the first lower low or higher high and wait for a breakout?

[Mr. D]

Daily question(s) from MO,

post90732#p90732

There is an indi for that,

post92102#p92102

and

post93037#p93037