ProchargedMopar's Trading Trilogy

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MightyOne
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Postby MightyOne » Fri May 22, 2009 4:35 pm


Closed bodies are truth and the truth shall set you free :shock:


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TheRumpledOne
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Postby TheRumpledOne » Fri May 22, 2009 5:48 pm

MO:

I am sorry. I just do NOT understand. I can not follow step by step. Otherwise, I would have code an indicator by now. There always seems to be a piece or 2 missing.
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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Postby blubbb » Fri May 22, 2009 6:07 pm

The way I understand it: The left box marks the size of the correction. MO then painted the next box from the newly formed low. After he realized it is no correction, but a change in trend (= price makes a new high), he could continue using the same sized box on the next correction, which followed shortly after that (box painted from the new high). As we can see, price was only ranging inside the box. This correction's range was the same as the last correction's range.

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prochargedmopar
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Postby prochargedmopar » Fri May 22, 2009 6:19 pm

Interesting info shown here:
-215ish pips
-$430ish

B/E total -$902.ish

In life, I thought I was a disciplined individual.
"Others/Society" must have been my cover-up.

I'm not the Man I thought I was.

Be, Do, Have?

I've gotten what I be.
I'm going to take a hiatus from posting for a while.
Gotta look closer at who/what I AM.


The markets WILL be my playground.
And my losses WILL cause me great laughter!!!
Thanks. M.O.
#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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razorboy
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Postby razorboy » Fri May 22, 2009 7:46 pm

is this some sort of custom time frame - am trying to recreated this diagram myself and the candles dont look the same

and I have two feeds :)


MightyOne wrote:
Closed bodies are truth and the truth shall set you free :shock:


Image
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat May 23, 2009 12:11 am

You deserve a cookie!

blubbb wrote:The way I understand it: The left box marks the size of the correction. MO then painted the next box from the newly formed low. After he realized it is no correction, but a change in trend (= price makes a new high), he could continue using the same sized box on the next correction, which followed shortly after that (box painted from the new high). As we can see, price was only ranging inside the box. This correction's range was the same as the last correction's range.

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razorboy
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Postby razorboy » Sat May 23, 2009 1:01 am

I know I am going to get yelled at for this, but I will ask it anyways. I recall MO citing that your stop loss only needs to be as large as the most recent correction, but what happens when that correction turns out not to be a correction? or is this all done retropectively for future trades?


As far as price making a new high, relative to what?

MightyOne wrote: You deserve a cookie!

blubbb wrote:The way I understand it: The left box marks the size of the correction. MO then painted the next box from the newly formed low. After he realized it is no correction, but a change in trend (= price makes a new high), he could continue using the same sized box on the next correction, which followed shortly after that (box painted from the new high). As we can see, price was only ranging inside the box. This correction's range was the same as the last correction's range.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat May 23, 2009 1:34 am

It is MBT data feed...

You almost have to find the chart with the least amount of bad prices and create a custom time frame.


razorboy wrote:is this some sort of custom time frame - am trying to recreated this diagram myself and the candles dont look the same

and I have two feeds :)


MightyOne wrote:
Closed bodies are truth and the truth shall set you free :shock:


Image

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razorboy
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Postby razorboy » Sat May 23, 2009 1:44 am

the difference between our charts is amazing - I use two feeds and trade on fxcm - the lag is insane sometimes - I wonder who is getting screwed................(wait, there is a saying about that)
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat May 23, 2009 1:44 am

It is not a correction unless price returns to the high and vise versa.


razorboy wrote:I know I am going to get yelled at for this, but I will ask it anyways. I recall MO citing that your stop loss only needs to be as large as the most recent correction, but what happens when that correction turns out not to be a correction? or is this all done retropectively for future trades?


As far as price making a new high, relative to what?

MightyOne wrote: You deserve a cookie!

blubbb wrote:The way I understand it: The left box marks the size of the correction. MO then painted the next box from the newly formed low. After he realized it is no correction, but a change in trend (= price makes a new high), he could continue using the same sized box on the next correction, which followed shortly after that (box painted from the new high). As we can see, price was only ranging inside the box. This correction's range was the same as the last correction's range.

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