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aliassmith
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Postby aliassmith » Fri Oct 16, 2009 4:11 pm

aliassmith wrote:
prochargedmopar wrote:Thankyou to both aliassmith and Dragon33 for your most recent exchanges with Lukx.

There are others watching and these post have been very helpful.


You are welcome PRO.

I try to give back when I can.

What I had to do to improve my trading:

*Go back and read everything MO has posted more than once.
*Forget there are timeframes less than M15 and trade more pairs instead.
*Learn to take that small loss or BE.
*Learn to take a profit before it is snatched away.


I forgot to add:
Getting "Wicked" into a trade is an artform.
I must have missed at least 90 pips in moves this week
because my limit orders were missed by 1 or 2 pips.

Getting wicked into a trade helps with 2 things. It helps limit
your stoploss sizes. I have a hard 21 pips stop, but I have
been taking 9 or less recently with wicked in trades.

Being wicked into a trade helps with the psychology. It is a
nice feeling sitting with profit after the entry candle closes.
It builds confidence in the trade.

So with a reduced average stoploss my risk:reward model
changes. 1:2 with 20 pips 1:3 with 30 pips etc. Having that type
of R:R you only have to be right over 50% of the time for
the most part.
Trade Your Way as Long as It Makes Money!

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es/pip
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Postby es/pip » Fri Oct 16, 2009 4:17 pm

blubbb wrote:Press Control and 0 (zero)



thanks

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

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MightyOne
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Postby MightyOne » Fri Oct 16, 2009 5:21 pm

lukx wrote:no way to win this game
whoever is doing it is or lying or is extremely lucky
everyone can post historic charts with picked up like cherries trades that supposedly are coming from zl lines.

Image


http://www.youtube.com/watch?v=RZsj4jKkXoc

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lukx
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Postby lukx » Fri Oct 16, 2009 5:38 pm

\:D/

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es/pip
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Postby es/pip » Fri Oct 16, 2009 5:43 pm

es/pip wrote:
prochargedmopar wrote:Sellling at support has got to increase the risk of the trade......
I see a double top...(valley was broken around 135.40 for short entry conformation) Even that would have been selling at previous support level but 40 pips up the ladder.

These are the kind of things that make me hesitate and miss trades then get hasty and enter to late.

What to do?

Where have you guys entered the short for e/j?
I see a few M5 entries when price was 20 pips from the daily high but those are just a guess most times.

HMMMM??
Double Hmmmm!!!

Selling at support not working out to well for someone.
after price failed to make a new high sure looks good in hindsight, but it is something we see ALL the time.
So maybe.

Image



this is what i did

Image


Image


and then scalped long ( off support) back into take out the short holders



:roll:

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

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MightyOne
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Postby MightyOne » Fri Oct 16, 2009 5:59 pm

flossnhoss wrote:
MightyOne wrote: I like to answer posts, but please don't ask me $#!+ like:

"Every candle is green and bullish momentum is getting out of control...when do I go short?"


Here is the triangle trade from not too long ago:

Image


Okay, I'll bite :)

Here's what I see:

I believe I understand where the triangles are being formed... that part seems pretty straight forward (at least in hind sight).

In your picture, what I _think_ the numbers marked 1 and 2 seem to indicate a new high (1), and then a higher high (2), yes?

I'm unclear what the smaller lines with the check marks are indicating. It looks like those are bars where price bounced off of the top triangle line, and closed lower. I'm not clear on the significance of these, other than they help confirm the formation of the line.

*Important question*

Where was your trade(s)? I'll make an educated guess and at least say you were going long... perhaps at the break of the top triangle.

Really not sure...thus my post :)

**Really Important question**

Concerning scale, and price angles...I'm really struggling to understand what scale is the 'right' scale for the angles to be 'correct'. If I adjust my chart size, the angles get all messed up.

I think this issue was addressed in earlier posts, but I have since gone back a couple times in this thread (and a couple others) and can't seem to find the answer.

Many thanks for any information.

-floss


I triangle is a double hook

A double hook is a pivot + breakout that turns into a pivot.

Your Diamond of Perception questions require a Google Talk session.

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 9:00 pm

Animals in Translation: Using the Mysteries of Autism to Decode Animal Behavior
by Temple Grandin and Catherine Johnson

When highly verbal people get control of the audit process, they tend to make five critical mistakes:

* They write verbal auditing standards that are too subjective and vague, with requirements like "minimal use of electric prod" and "non-slip flooring." Individual inspectors have to figure out for themselves what "minimal use" means. A good audit checklist has objective standards that anyone can see have or have not been met.

* For some reason, highly verbal people have a tendency to measure inputs, such as maintenance schedules, employee training records, and equipment design problems, instead of outputs, which is how the animals are actually doing. A good animal welfare audit has to measure the animals, not the plant.

* Highly verbal people almost always want to make the audit way too complicated. A 100-item checklist doesn't work nearly as well as a 10-item checklist, and I can prove it.

* Verbal people drift into paper audits, in which they audit a plant's records instead of its animals. A good animal welfare audit has to audit the animals, not the paper and not the plant.

* Verbal people tend to lose sight of what's important and end up treating small problems the same way they treat big problems.

Page 268 - 269 Animals in Translation

====================

Sounds like these same people also write trading systems.
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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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 10:31 pm

Image

REMEMBER PRICE IS THE SAME ON ALL CHART PERIODS!!

There is no "magical" chart period.
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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pablo101
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Postby pablo101 » Sat Oct 17, 2009 2:39 am

MightyOne wrote:
lukx wrote:no way to win this game
whoever is doing it is or lying or is extremely lucky
everyone can post historic charts with picked up like cherries trades that supposedly are coming from zl lines.

Image


http://www.youtube.com/watch?v=RZsj4jKkXoc


Blunt
Last edited by pablo101 on Tue May 04, 2010 9:18 am, edited 1 time in total.

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pablo101
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Postby pablo101 » Sat Oct 17, 2009 2:51 am

MightyOne wrote: I triangle is a double hook

A double hook is a pivot + breakout that turns into a pivot.

Your Diamond of Perception questions require a Google Talk session.


MO, a pic is worth a thousand words :)
What line? The line that tells you which way you are trading! - MO

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