## Never Lose Again

free & uncensored discussion arena for TheRumpledOne

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MightyOne
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es/pip wrote:You are either going to say-----

Es/pip that is close but you need....................
Or
Es/pip you jumped off the boat and missed the water

1. The sample of candles one chooses to use does not matter-- in that ---I can take a move in the market that happens over say, 30 candles. So we have a down move that lasted 30 candles and was 200 pips and was at a 30 deg angle so -----------

30*= 200 pip drop over 30 bars

So in knowing the above and knowing that it will either increase by 2 or decrease by .5, we can then move 30 bars in the future and draw both a 15* and a 60* channel

And then

15*= 200 / 30 x 15 = 100
60*= 200/ 30 x 60= 400

So

If the channel decreases by 1/2 at 15* the next 30 bars will yield a 100 pip move
Or
If the channel increases by 2 at 60* the next 30 bars will yield a 400 pip move

If I am correct in my understanding, then what you are proposing allows you to see into the future not only by price but also by time?

In my mind the above made total sense when I was thinking and typing it. Lol, but now I am not so sure. Looking back at your 70 bar example chart u did not use 70 bars back to back----- so maybe I missed the boat on this

It can be confusing because the angles in the diamond are not really 15-30-45-60-75 degrees, but consist of Slow and fast angles based on the single angle it was constructed from (30*).
Last edited by MightyOne on Fri Aug 07, 2009 12:35 am, edited 1 time in total.

Thank you for your support.

aliassmith
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### MZ's and position sizing

Hello All,

Thanks again Mightyone, Es/pips, and ZZ for all your posts they really get me to see some great opportunities. I figure with the ZL's alone I can make about what I was making when I traded the news releases (approx. 100%/mo).

Anyways, I have actually put together some of the entry Ideas that MO would tell es/pips. My idea for entry after a "momo" candle completes is enter right away with approx. 1% risk based on using a mental stoploss below a low of the (bullish)momo candle. If that takes off then I look for a target to get out. If price retraces to the MZ(50%) I then add another 1% position which will be about 2x the lot size of the first order. If that takes off then I look for a target to get out. If the price goes down in the bottom 25% of the momo candle then I enter another 1% order which will have approx. 2x the lot size of the previous order.

If price breaks hard and fast you capture some profit
If price pulls back you gain even more
If price pulls back even further the slot machines gives you all the money
maximum risk is about 3% because of position size

10 fully build positions a month is 100% return on 25 pip breakouts

MightyOne
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Ok, instead of getting really complex I have created a little method that you can use to easily transfer the major angles:

If you don't get how to draw it then I don't know what to tell you.

es/pip
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ehhhhhhh

sigh

yellow lines =

Draw a horizontal line from the left point through the point at which the fibo lines intersect with the right side of the square.

purple dashed vert. lines= marking off where the 21st and 37th candles are located

"Now connect the lines from the left point to where the 21st & 37th candle intersect with the top or bottom of the square. "
---------- cant figure out what this means

---- do i move the yellow lines from the right side anchor to the top or bottom of the rectangle

-- i have moved the yellow lines each way and i cant figure out how to do it

i have a feeling something is not correct in the pic

for some reason it is distorting my lines in the pic the line by angle is 45* on my chart not sure why it is showing like that

edit------------------------------------------------------------------

just saw your other post

Bend over and assume the position for another 4 years of hope and change.

es/pip
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with ya now

Bend over and assume the position for another 4 years of hope and change.

Thank you for your support.

MightyOne
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es/pip wrote:with ya now

This would be the finished product for plotting the majors.

Now I have to figure out an easy way to add the Sharps and Flats using a similar method.

I can visualize them, but that doesn't help you

es/pip
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with ya

thats pretty cool the way you figured that out with the fibs and the intersection

ive said it before---- you come up with some unreal stuff--- its nuts

Bend over and assume the position for another 4 years of hope and change.

deeforex
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Here I thought I was going to briefly check in before heading to bed...then I saw MO's posts about Diamond of Perception!

YAY! Angles and Diamonds again

So much for sleeping, now I've got to figure out how to draw these darn things. ES, thanks for your write up.

MO, thanks for your patience and your willingness to share your knowledge with us

Let's see how long I stay up doing this

dee

MightyOne
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Thank you all for you kind words

Diamond of Perception Simplified:

I will just need to adjust the line placement strategy for the M.O.E. Angles...it shouldn't be too big a deal.

Patch
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deeforex

I love that little smiley face banging his head against the brick wall.

Thanks for the laugh,

Patch

Are you still up?
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO