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razorboy
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Postby razorboy » Fri Jun 12, 2009 7:04 pm

good stuff - taken me a while to get my head around this concept

Just a question though - the boxes on your second set of trades - they look to "long" time wise - original correction looks like it was done in 6 bars but your box is longer. any reason?


thanks

Manta wrote:Hi MO, I really like your trading ideas, but it took me couple of days to understand your posts. Sometimes it is not easy, quite hard style :D

I have just question about 3 trades I took today on EU. Is it your dynamic trend and "magic boxes" aka largest retracements or I am totally wrong and it was just luck????
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Fri Jun 12, 2009 7:59 pm

I'm still waiting for some confirmation from MO as to whether or not time is a factor - I suspect that it is because it relates to momentum.

Just my own thoughts
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Fri Jun 12, 2009 11:37 pm

Thanks manta for the indy.
Much appreciated
#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 » Sat Jun 13, 2009 5:38 am

ImageImageImageImage

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 5:40 am

Only problem is the "8" Semafor is rare...

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monolisa
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Postby monolisa » Sat Jun 13, 2009 5:57 am

Hi MO, I presume the "8" is not really number eight but a combination of "3" and a cross "X"? Is it correct?
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 6:53 am

monolisa wrote:Hi MO, I presume the "8" is not really number eight but a combination of "3" and a cross "X"? Is it correct?


That is correct.

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 6:59 am

I would have used the closing price of the 1 Semafor

Manta wrote:Maybe this can help to somebody...Chart is 5M GBPUSD from yesterday afternoon. I did not take this trade, because i was not at my computer (I don't like friday afternoon trading), but it shows how I would trade.

Notice how small SL you need for 100-120 pips profit in just 2-3 hours.

MO, is the TL marked on my chart correct?

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 7:24 am

Yes...

Manta wrote:Like this?

MightyOne wrote:I would have used the closing price of the 1 Semafor

Manta wrote:Maybe this can help to somebody...Chart is 5M GBPUSD from yesterday afternoon. I did not take this trade, because i was not at my computer (I don't like friday afternoon trading), but it shows how I would trade.

Notice how small SL you need for 100-120 pips profit in just 2-3 hours.

MO, is the TL marked on my chart correct?

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aVi
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Postby aVi » Sat Jun 13, 2009 8:01 am

Just to clarify, what do you mean by "TL"?
Wake up Mr. Green...

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