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es/pip
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Postby es/pip » Mon Feb 23, 2009 2:36 am

out after that reversal bar on the 15 +9



mo,


yeah i am with ya on the hr chart

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MightyOne
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Postby MightyOne » Mon Feb 23, 2009 2:43 am

It is ok to wait :wink:

Image

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es/pip
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Postby es/pip » Mon Feb 23, 2009 2:50 am

MightyOne wrote:It is ok to wait :wink:

Image



lol sometimes i get a little mental :shock:

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Postby prochargedmopar » Mon Feb 23, 2009 3:16 am

Question on pic?
Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Postby MightyOne » Mon Feb 23, 2009 3:44 am

In order of importance:

Image

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 23, 2009 4:00 am

Philosophy of the Igrok Method

A MARKET IS IN CONSTANT MOTION
This statement means that if a market is not moving in one direction, then
it is moving in the opposite direction. In other words, a market's motionless
state is practically impossible. Any position opened in any direction
cannot keep the trader uninformed about the result for a long time; in a
few minutes or hours it will generate either an essential profit or an essential
loss.
An essential profit now and later means a profit equal to or exceeding
25 percent of each trade's trading capital (or initial margin). For the major
currency rates at an initial margin of 2 percent, it equals $500 for any minimal
standard contract of $100,000.
Because of specifics of money market trends, substantial fluctuation
amplitude of each trend is a rule, whereas a narrow and more or less continuous
side trend is rather rare. Any taken position may generate profit or
loss in a few days, which will be several times more than the initial margin
size. This particular feature of the money market allows everybody to conduct
a very interesting experiment/investigation. First, you should picture
two parallel lines at a distance of 50 to 70 or even 100 pips from each
other, drawn on a randomly chosen area of a chart showing the prehistory
of any of the major currency rates (distinguished by their almost ideal liquidity
and highest activity). Then, imagine that every time the market
crosses this line in the upward direction, we open a long position. Then,
imagine that every time the market crosses this line in its downward direction,
we open our short position. In other words, the open short position
is always below the lower line, and the open long position is always
above the upper line. See what happens next.
This simple experiment
helps to explain that, regardless of the initially opened position, this action
will immediately bring a substantial, progressing profit. In another
scenario, closed with a loss and being reversed in the opposite direction,
the new position would sooner or later generate the same profit; or, as a
minimum, would cover the initial losses by the subsequent profit. In this
case, the multiple market movements up and down crossing the drawn
horizontal lines on the charts will cover the initial loss or any possible series
of consecutive losses. This is true even if the zone we use is optional
and we choose it in the very middle of any real horizontal trend seen in
the past?even the most prolonged in the trading history of any major currency
pair. See Figure 7.1.
There is a logical conclusion based on this simple experiment/investigation:
Any random position opened at any randomly chosen price will allow
the trader either to get a substantial profit immediately or to be in a
break-even situation after a relatively short series of simple, automatically
performed transactions.


WHO DOES THAT SOUND LIKE TO YOU?


FREE DOWNLOAD
Last edited by TheRumpledOne on Mon Feb 23, 2009 4:03 am, edited 2 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Postby MightyOne » Mon Feb 23, 2009 4:01 am

Image

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es/pip
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Postby es/pip » Mon Feb 23, 2009 4:13 am

MightyOne wrote:Image



quick couple of q's

are the arrows on your charts entry's on that bar in that direction?

when u wicked the hr zline on the 5 min will you take that long without a body in direction on the lower time frame preceding the wick in direction of loss

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MightyOne
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Postby MightyOne » Mon Feb 23, 2009 4:16 am

es/pip wrote:
MightyOne wrote:Image



quick couple of q's

are the arrows on your charts entry's on that bar in that direction?

when u wicked the hr zline on the 5 min will you take that long without a body in direction on the lower time frame preceding the wick in direction of loss


I will go long a half order after a body in the direction of profit and trail a limit order for an average price.

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Postby xmess7 » Mon Feb 23, 2009 4:17 am

Hey folks got out with a -35 on the last trades. Good ol Market she never lets me down LOL.

Just waiting for the next opportunity. I'll post the new entries when I see them
:)

Life is good

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