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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 6:59 pm

es/pip wrote:
MightyOne wrote:
razorboy wrote:So would you have entered that trade as price entered the zone on the way down or as it was exiting the zone on the way up?


For what its worth, my associate got nailed by this trade as well


MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.


This is my view based on what I call the "Dynamic Trend" with the arrows indicating my bias.

If this were a TF that I traded I would have went short over top es / pip and started entering back the other way after the bearish "momo."

Image


how do you determine how to place your "dynamic trend" lines


Currently I have it worked out to the following:

A breakout of the high of the prev. bar (0 only) sets the line to the
prev. bars high extreme.

We will call the prev. candle "0" and the candle before that "00"

The smaller of the 2 ranges of 0 & 00 is added to the low, but only
if it has the potential to raise the breakout line higher.
The larger of the 2 ranges of 0 & 00 is added to the low, but only
if it has the potential to raise the breakout line higher.

In the case of an outside bar the breakout line remains on the breakout with the highest Dynamic Fib Iperiod BO.

Trend is UP when above the line and DOWN when below the line.

ImageImageImageImage
Last edited by MightyOne on Sat Apr 04, 2009 7:31 pm, edited 3 times in total.

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es/pip
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Postby es/pip » Sat Apr 04, 2009 7:07 pm

MightyOne wrote:
es/pip wrote:
MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.



ok i can see what you are saying

i have another q for you

with all the different examples/methods that you have presented on how to trade
---------- zl/mz
---------- degree channels
---------- trading in direction with adding p/l to your stop distance
---------- etc etc

which one do you trade----or is it a combination of all the ideas


My trades are always placed with value in mind.

The 100 bar ATR on the GBPUSD is 264 pips and that means
that with a 10 pip stop that currency has the ability to make me
26.4 to 1 per day and even more on momentum.

At 20 to 1 per day at 1% per trade $1,000 becomes

~$89,762,301,673,555,234,816,000 in 1 year.

That is over 89 sextillion dollars...

Even though that is an impossible feat to accomplish you can
clearly see that the real money in in capturing the range or at
least in trying to do so.
You can also see that 1% risk is OVER KILL when you are only
trying to get to a million dollars (no one needs to make more than $100,000/day).

So to answer your question I trade from a line in a long term direction.
As of recently this line is what I call the Dynamic trend and it
is used on a chart that represents my long term goal.

No real entry method is needed on a small TF chart like a 2m
or a 5m you just short as price picks up speed while trading away
from the line.

I have done simply that while focusing on first increasing the size
on my stop with profits and then letting price move to potentially
capture a ridiculous daily profit.

Due to my low risk and inflated stops I have both the time and
available margin to work more than one currency thus increasing
my chance of capturing a large move before dinner.

Using this strategy you need only be right 10% of the time and you will still be able to quit your job in a matter of years.

I have been exploring the use of Dynamic Fibs on a small TF traded in the direction of the longer term Dynamic Trend.


edit---------POSTED THIS WITHOUT SEEING YOUR POST ABOVE

"So to answer your question I trade from a line in a long term direction.
As of recently this line is what I call the Dynamic trend and it
is used on a chart that represents my long term goal. "


how would you place your "dynamic Trend" lines on this chart for the last 15 bars

Image

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Postby MightyOne » Sat Apr 04, 2009 7:44 pm

es/pip wrote:
MightyOne wrote:
es/pip wrote:
MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.



ok i can see what you are saying

i have another q for you

with all the different examples/methods that you have presented on how to trade
---------- zl/mz
---------- degree channels
---------- trading in direction with adding p/l to your stop distance
---------- etc etc

which one do you trade----or is it a combination of all the ideas


My trades are always placed with value in mind.

The 100 bar ATR on the GBPUSD is 264 pips and that means
that with a 10 pip stop that currency has the ability to make me
26.4 to 1 per day and even more on momentum.

At 20 to 1 per day at 1% per trade $1,000 becomes

~$89,762,301,673,555,234,816,000 in 1 year.

That is over 89 sextillion dollars...

Even though that is an impossible feat to accomplish you can
clearly see that the real money in in capturing the range or at
least in trying to do so.
You can also see that 1% risk is OVER KILL when you are only
trying to get to a million dollars (no one needs to make more than $100,000/day).

So to answer your question I trade from a line in a long term direction.
As of recently this line is what I call the Dynamic trend and it
is used on a chart that represents my long term goal.

No real entry method is needed on a small TF chart like a 2m
or a 5m you just short as price picks up speed while trading away
from the line.

I have done simply that while focusing on first increasing the size
on my stop with profits and then letting price move to potentially
capture a ridiculous daily profit.

Due to my low risk and inflated stops I have both the time and
available margin to work more than one currency thus increasing
my chance of capturing a large move before dinner.

Using this strategy you need only be right 10% of the time and you will still be able to quit your job in a matter of years.

I have been exploring the use of Dynamic Fibs on a small TF traded in the direction of the longer term Dynamic Trend.


edit---------POSTED THIS WITHOUT SEEING YOUR POST ABOVE

"So to answer your question I trade from a line in a long term direction.
As of recently this line is what I call the Dynamic trend and it
is used on a chart that represents my long term goal. "


how would you place your "dynamic Trend" lines on this chart for the last 15 bars

Image


Didn't draw them all in because you would only get confused.
But these are the main lines...

It would be so much more simple in a multimeter.

(the last up arrow from the low the line should be on the prev. bars extreme low)

Image

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Postby es/pip » Sat Apr 04, 2009 8:01 pm

very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image

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TheRumpledOne
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Postby TheRumpledOne » Sat Apr 04, 2009 8:05 pm

" We will call the prev. candle "0" and the candle before that "00" "

Please, let's do it "right"

current candle is "0"

previous candle (1 bar back) is "1"

candle 2 bars back is "2"

etc...

That's how they do it in metatrader.
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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es/pip
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Postby es/pip » Sat Apr 04, 2009 8:09 pm

not sure where you said this but it was many pages back somewhere

something like this

" and i haven't even got into a trading technique yet that will blow your mind"


is this the technique you were referencing

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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 8:29 pm

es/pip wrote:very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image


es / pip,

Upon a low BO the ranges are applied from the high of the current candle NOT the breakout.

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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 8:49 pm

es/pip wrote:not sure where you said this but it was many pages back somewhere

something like this

" and i haven't even got into a trading technique yet that will blow your mind"


is this the technique you were referencing


We have a long way to go yet, but you are getting closer.

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Postby es/pip » Sat Apr 04, 2009 8:52 pm

MightyOne wrote:
es/pip wrote:very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image


es / pip,

Upon a low BO the ranges are applied from the high of the current candle NOT the breakout.


ok i can see that

and would be vice vrsa on the high BO


where would you apply the ranges if you have 2 down bars in a row still from the high of current bar or low-------or do you need to apply this on a 2 bar sequence that have opposing bars

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Postby es/pip » Sat Apr 04, 2009 8:57 pm

es/pip wrote:
MightyOne wrote:
es/pip wrote:very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image


es / pip,

Upon a low BO the ranges are applied from the high of the current candle NOT the breakout.


ok i can see that

and would be vice vrsa on the high BO


where would you apply the ranges if you have 2 down bars in a row still from the high of current bar or low-------or do you need to apply this on a 2 bar sequence that have opposing bars


if you can do a 2 bar seq. in the same direction i guess it would have to be from the high of the current bar in a long situation otherwise it would not project a line higher than current prices

not sure

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