v8power wrote:Never been good with patience, haha. How much do you think cones have helped your trading would you say.
In the beginning i just drew them everyday not REALLY using them.
I use cones with everything now. They have helped me with position strength(better entries), better exits witch also includes scaling in and out of my trade
and just having fun making a road map
Now dont get me wrong.. you cant just reverse at every line or sell every cone breakout because like everything
else you have to feel whats happening. But it is what it is.. i feel i get solid information from this that suits my trading style.
Heres a 4H chart with the cones ive been trading latly. I moved up to a 4H from 1H.
I try to slice breakouts with my 15* lines and ive tried to show this here.
See that's why Iam afraid to even bother with them, cuz my dumbass would be by and selling every little thing. Plus they are very subjective or at least I think.
My trading has to be set up in simplicity for me not to go broke. Is price at or near a something line. Did price do this, yes or no. Ok then do either a,b, or c. Aim for either x,y,or z. Price either hits x,y,or z or I take a loss.
I don't allow myself really to think to much. Otherwise that could be bad. Keeps me from chasing price or trades.
What if every person that isn't profitable did just that. Look at the chart I attached. Open up the daily 2 lines. Top one shows where price broke out and came from, bottom was were price needed to go before I cared about it. Then the hourly justs shows it in action. 3 trades +350 pips. I think its funny when people think im cherry picking trades or charts or there is no way to use small sl's on big charts. Go look at either g/j or e/j and I did the same for them. That's how I took a weekly zline trade last week for 20 pip sl and almost +300. Almost +1,000 pips today and for once and even started out only risking 1% over 20 pips. I was still up 70% in less then 2 hours and I wont bother saying what I finished with cuz no one would believe or care. PRICE CANCELS OUT PROFIT, TRADE FROM EXTREMES, HORIZANTAL LINES. You have to just not care what is going to happen. Don't just end your trade cuz your up 30%. Who cares. Either the trade works or doesn't. And that wasn't directed at you, just for anyone reading. I know you know how to trade. I study you and your charts to learn how to