PA, S/R, ZL, EXTREMES & MOMO

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prochargedmopar
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Postby prochargedmopar » Mon Aug 22, 2011 9:27 am

MightyOne wrote:Most of the time my trading is just Space & Position like so:

http://tinypic.com/view.php?pic=23lidrm&s=7

I'll answer the other questions later on today.



Hmmmmm
#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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Postby PebbleTrader » Tue Aug 23, 2011 12:08 am

"Most of the time my trading is just Space & Position like so: "

I like the "Flag Pole"! :D

So is $450 the max drawdown of the initial $5k position?
Life is just a journey

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MightyOne
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Postby MightyOne » Tue Aug 23, 2011 2:30 am

$450 is 4.5% of a $10,000 account.

$5,000 is the space gained from 3xCC Hourly.

With the IF/THEN in there, you would be risking...
$1,500-$2,500

I would accumulate something like: 10/12, 12/14, 14/20, 20/25, 25/30
instead of 10/20, 20/30.

Or, on hourly, it might look like: 10/12, 12/15, 15/30, 30/20, 20/35, 35/14 up to the weekly,
14/20, 20/25, 25+5+5+5+5+5.

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Postby PebbleTrader » Tue Aug 23, 2011 3:35 am

Cool


8)
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Postby MightyOne » Tue Aug 23, 2011 3:57 am

Here is my latest chart:

5 x 1Point & Figure 3xCC (close on row change)

The power of 3xCC is in the comparison not the CC.

http://tinypic.com/view.php?pic=27zoyo&s=7

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Postby MightyOne » Tue Aug 23, 2011 4:00 am

I should add that it is a concept chart ;)

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Postby 1992 DREAM TEAM » Tue Aug 23, 2011 7:59 am

I'm still not totally sure of the course of action, so I'll try not to get too excited

but that last chart was HUGE for me

MO, when I finally get it, I think you will be standing next to Coltrane in my world. Coming from a sax player that means a lot :)

Hopefully giant steps will be made soon :idea: :smt020 :idea:
Last edited by 1992 DREAM TEAM on Tue Aug 23, 2011 8:33 am, edited 1 time in total.

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Postby MightyOne » Tue Aug 23, 2011 8:31 am

EDM wrote:
MightyOne wrote:I do not trade systems, I rely on my ability to determine what a move means by considering several factors

Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.

An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.

Ideas are at work on several tf's at the same time.


Hi MO is this somehow similar to what you look for when you analyse through diffrent time units ? also do you combine candles for such time frames or you do that on low tf (hours) only ? thanks for the anwser

I see that I hove a lot of work to do in Sept. ;)

Candles are ALWAYS grouped in periods of THREE!

A box that contains 3 periods has 3 shifts & a box that contains
6 periods has 6 shifts. Once you go beyond 3 shifts you are not gaining
any additional information as you get a greater number of combinations
saying the same thing.

When you are NOT using shifts but a single CC, you are simply attempting
to select the shift that filters out the Rats. Body in the direction of profit, a wick doll, MM, & you are golden.

When you ARE using the shifts you are NOT trading a 3 period but timing the single period.
As before, body in the direction of profit / wick doll / mm, only this time you are not filtering but comparing the actions of each shift.

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Postby EDM » Tue Aug 23, 2011 5:52 pm

MightyOne wrote: I see that I hove a lot of work to do in Sept. ;)

Candles are ALWAYS grouped in periods of THREE!

A box that contains 3 periods has 3 shifts & a box that contains
6 periods has 6 shifts. Once you go beyond 3 shifts you are not gaining
any additional information as you get a greater number of combinations
saying the same thing.

When you are NOT using shifts but a single CC, you are simply attempting
to select the shift that filters out the Rats. Body in the direction of profit, a wick doll, MM, & you are golden.

When you ARE using the shifts you are NOT trading a 3 period but timing the single period.
As before, body in the direction of profit / wick doll / mm, only this time you are not filtering but comparing the actions of each shift.


Not sure if you are talking about timing momentum (the start of the strongest shift compared to other shifts) or timing the entry based on the reaction of each shift to my IF/THEN line ... maybe some more charts will clear the idea :)

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Postby PebbleTrader » Wed Aug 24, 2011 12:17 am

MO,

Are you kind of testing the water with P & F or is that something you have used in the past before and liked?

What is your opinion on the absence of TIME?

I always considered TIME to be an important aspect in analysis.

Interesting tying CC & shifts into it...
Life is just a journey

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