PA, S/R, ZL, EXTREMES & MOMO

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MightyOne
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Postby MightyOne » Mon May 30, 2011 8:25 pm

spa wrote:
MightyOne wrote:http://tinypic.com/view.php?pic=123ljtd&s=7

so on this chart what would be the entry candle/cushion size and how would you have/did adjust as the trade progressed..
looking at the white candles both filled and dashed the 3xCC showed some increased momo how about deciding where to exit or hedge...

edit: the blue lines might answer some of those question..


It is Mo shorthand:

The point of the triangle is the original position and the arrow moving through the line means follow with the position after this point.

As to hedging/micromanaging, you would exit on a strong shift and short the following shift that has been closing weaker (smaller bodies). Naturally this may require the help of hourly cc for various reasons.

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poipen
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Postby poipen » Tue May 31, 2011 10:28 am

Image

Anyone else seeing this? Anyone... anyone... Bueller.... Bueller
Wise Men Know Their Limits, Great Men Have No Limits.

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Postby poipen » Thu Jun 02, 2011 2:33 am

Looking for a possible long in the near future on the G/U daily?

Image
Wise Men Know Their Limits, Great Men Have No Limits.

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Libertarian
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Postby Libertarian » Thu Jun 02, 2011 7:49 pm

MightyOne wrote:
paweldobkowski wrote:
MightyOne wrote:
poipen wrote:
MightyOne wrote:You may never know :shock:


oh, alright then i guess. : /


Don't be passive, I talk to everyone on GT but scalpers (scalpers waste my time)


MO how do You define scalping? And why You don't like?


I am looking for people that trade on no less than an hour chart and are willing to trade the weekly+ charts.

In other words, I am looking to clone myself and possibly use my offspring in the future for greater purposes (my own) :wink:


Daddy! Is that you Daddy :D

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MightyOne
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Postby MightyOne » Thu Jun 02, 2011 7:57 pm

After three years somebody has to get on my level :lol:

I'm tired of being the only person who understands me.

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pawelklos
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Postby pawelklos » Thu Jun 02, 2011 9:29 pm

I am a person who intends to trade on the basis of the weekly trend. Add positions to h3 and build a pyramid.

I think it worthwhile to start a new topic on this subject?

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bredin
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Postby bredin » Thu Jun 02, 2011 11:46 pm

MightyOne wrote:After three years somebody has to get on my level :lol:

I'm tired of being the only person who understands me.


Working on it MO ;)

G.
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paweldobkowski
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Postby paweldobkowski » Thu Jun 02, 2011 11:57 pm

MightyOne wrote:After three years somebody has to get on my level :lol:

I'm tired of being the only person who understands me.


The idea of trading daily/weekly+ for huge moves and adding all the way as it goes (placing avg over/under SR levels etc.) is great but I think not a lot of people are actually patient enough to do that. Well I can only speak for myself and I'm certainly not and in my opinion it's essential to match the approach with Your personality.

Market is a stream of endless opportunities. You can buy or sell at any given moment and if You wait long enough there are only two possible outcomes. Looking at a variety of traders and approaches that are profitable we can assume that it is all about trader not the way that he/she trades. There is something for everyone.

To sum that up I think that we have a lot of good traders here who understand the ideas that You've shown. I only think that everyone has chosen different path applying bits and pieces of the knowledge that You presented mixed with what they had already brought and mixed with alcohol as for me.

In other words. You are a heavily experienced, highly agressive, surely gifted DISCRETIONARY trader. No one will ever trade Your style at "Your level".

Was I drinking? Maybe, maybe not.

Humble
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Postby Humble » Fri Jun 03, 2011 12:06 am

poipen wrote:Looking for a possible long in the near future on the G/U daily?


MO as you may have noticed, has a great deal of difficulty getting us to see what he sees. He has just basically said he needs peeps to get up to his level, presumably because he could teach us a lot on that level that he can not teach us on our level (of understanding).

One of the ways he tried to do this was to introduce the concept of Custom Candles as per the indi on your chart. But given MO said the best way to use them was x3, why the hell would you use them x4?

If you have a good answer, than fair enough and none of my business, but just in case it helps.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby poipen » Fri Jun 03, 2011 2:49 am

Humble wrote:
poipen wrote:Looking for a possible long in the near future on the G/U daily?


MO as you may have noticed, has a great deal of difficulty getting us to see what he sees. He has just basically said he needs peeps to get up to his level, presumably because he could teach us a lot on that level that he can not teach us on our level (of understanding).

One of the ways he tried to do this was to introduce the concept of Custom Candles as per the indi on your chart. But given MO said the best way to use them was x3, why the hell would you use them x4?

If you have a good answer, than fair enough and none of my business, but just in case it helps.


I've been doing this for over a year and a half now and when i talk to MO i truly understand that i have yet to even comprehend how deep the rabbit hole really goes, but... everything in time i suppose :)
Wise Men Know Their Limits, Great Men Have No Limits.

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