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MightyOne
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Postby MightyOne » Mon Apr 06, 2009 2:53 pm

es/pip wrote:
MightyOne wrote:Image



loli was just about to post this same chart :D


this is one situation below that i am not sure of

when you get the magneta line off the 0,1 bars and it holds( i took a long--got out for a little profit) and then the next bar BO from it creating the next set of lines what would you do if you were still long from the magneta line----once that bar closes and is broken by the next bar doesn't that magneta line become invalid----after the next BO


i also had a nice short from the top line :D

Image


The 4HR the day and the week are bearish.
Your first goal after a new line is securing a profit to expand your SL even if that means grabbing 7 or 20 pips.

Remember to flash through time frames real quick and see where you are in the over all picture.

Trading the Dynamic Trend is about endurance not who can be more twitchy in their trading.

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MightyOne
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Postby MightyOne » Mon Apr 06, 2009 3:16 pm

If my goal were 10% per day then I could take Tuesday and Wednesday off :lol:

Hows it going es / pip?

(USDCAD & GBPUSD are the pairs of the day & I am looking into others)

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es/pip
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Postby es/pip » Mon Apr 06, 2009 3:36 pm

MightyOne wrote:If my goal were 10% per day then I could take Tuesday and Wednesday off :lol:

Hows it going es / pip?

(USDCAD & GBPUSD are the pairs of the day & I am looking into others)


i feel "twitchy" :D

lol

risking 1% and at 5% so------------ that would be 20% on 4% risk

but-----------------------------------

most of that came from the short off the top line earlier this morning

seemed to trade long thru the rest of the sell off---- a couple shorts

when the new lines form and come in and then stay above them i get in long and get out with some profit, by the time it tanks thru the line it is creating new lines lower so i feel like i am missing the "meat" and taking the scraps---- missing the shorts and taking the small longs

as i am long again off the 1hr right now-- lol

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Postby es/pip » Mon Apr 06, 2009 3:44 pm

out long +5

now short

lol


not sure i am doing this correctly---- i know i am placing my lines correctly----but i feel like i am all over the place with my trades


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Postby es/pip » Mon Apr 06, 2009 3:48 pm

i am in and out in and out----twitchy---


- i have a feeling you rode the whole thing down short

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jahjahblessed
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Postby jahjahblessed » Mon Apr 06, 2009 4:12 pm

es/pip wrote:i am in and out in and out----twitchy---


- i have a feeling you rode the whole thing down short

WAS WATCHING IT ALL THIS TIME GO 20 PIP
Image
transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

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JAHJAHBLESSED

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MightyOne
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Postby MightyOne » Mon Apr 06, 2009 4:13 pm

es/pip wrote:
MightyOne wrote:If my goal were 10% per day then I could take Tuesday and Wednesday off :lol:

Hows it going es / pip?

(USDCAD & GBPUSD are the pairs of the day & I am looking into others)


i feel "twitchy" :D

lol

risking 1% and at 5% so------------ that would be 20% on 4% risk

but-----------------------------------

most of that came from the short off the top line earlier this morning

seemed to trade long thru the rest of the sell off---- a couple shorts

when the new lines form and come in and then stay above them i get in long and get out with some profit, by the time it tanks thru the line it is creating new lines lower so i feel like i am missing the "meat" and taking the scraps---- missing the shorts and taking the small longs

as i am long again off the 1hr right now-- lol


So what have you learned today?

"...most of that came from the short off the top line earlier this morning..."


1% risk is over kill :shock:

If you want to be insanely aggressive then risk 2%

If you are risking 4% then you must think that making
89 sextillion dollars is achievable.

More risk is better paired with less profit (small tf)
Less risk is better paired with large profit (high tf)

More risk can be paired with a large time frame for
less profit; I call it the "long term scalp."

You spread your risk over a large SL and then treat the high
time frame as if it were a small tf and go for 2/3 risk in profit.

A chart is a chart the only difference is time.

Since it is said that 70% of traders are right about direction but fail to reach their destination this means that the long term scalp has a much greater probability of success than the short term scalp.

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MightyOne
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Postby MightyOne » Mon Apr 06, 2009 4:14 pm

es/pip wrote:i am in and out in and out----twitchy---


- i have a feeling you rode the whole thing down short


You are correct...

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Postby es/pip » Mon Apr 06, 2009 4:20 pm

MightyOne wrote:
es/pip wrote:i am in and out in and out----twitchy---


- i have a feeling you rode the whole thing down short


You are correct...


so u are up 30% risking 1% :shock:

what keeps you from flipping long thru that move when a new line forms and we trade above it?

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MightyOne
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Postby MightyOne » Mon Apr 06, 2009 4:25 pm

es/pip wrote:
MightyOne wrote:
es/pip wrote:i am in and out in and out----twitchy---


- i have a feeling you rode the whole thing down short


You are correct...


so u are up 30% risking 1% :shock:

what keeps you from flipping long thru that move when a new line forms and we trade above it?


I have larger goals that require larger charts:

ImageImage

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