MightyOne wrote:Oh yes it did
and you think that your gains are sick MR es/pip
And the finish
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MightyOne wrote:Oh yes it did
and you think that your gains are sick MR es/pip
v8power wrote:es/pip wrote:a couple swing trades
posted some scalps in aliassmith's thread
At a quick glance you might think those are my charts. But nope. There espips from 2010. Same basic idea, applied the same basic way.
Jalarupa wrote:v8power wrote:es/pip wrote:a couple swing trades
posted some scalps in aliassmith's thread
At a quick glance you might think those are my charts. But nope. There espips from 2010. Same basic idea, applied the same basic way.
Dragon also really used the failures concept well...
Price fails to advance... trade the other way...
dragon33 wrote:The first trade is not out the book it is just a trade away from resistance
Here you can see the reentry based on the H1 chart.
Here you can see the priceaction on the M15. After the first high price drops down but stays in the momocandle. When running back up there is a decrease in speed and time. That made me decide to take the trade!
MightyOne wrote:
The most important thing to me is position.
If I am going long then I want to have a daily+ extreme directly under me.
There is nothing magical about a Zero Line.
There is something called an equilibrium line that is something like a temporary constant rate of decline/advance/indecision.
If price moves too fast (momo) then there is a deviation from this rate and price is likely to reverse back to this line (wick doll) before continuing its decline.
All that you need to understand is that you want a return to equilibrium, which is roughly 1/2 the momo's real body, before LOOKING to trade short.
MightyOne wrote:
Everyone always want to do the "advanced" analysis instead of making it simple.
You have to picture yourself loosely winding a bit of yarn around a cylindrical object.
X and Y is complicated because you are attempting to analyze a variable speed. It is like trying to go long an H1 breakout when someone keeps shifting the candles forwards and backwards. If you are given a new speed then you just have to deal with it; you cannot pick your time frame.
The EQ lines do not have to be 30*, they only have to be a multiple of 5*.
It is best to master the basics and save this kind of analysis for your play time
Jalarupa wrote:Ha! You definitely have dragons tolerance for risk and the ability to push... I think you ate the perfect combination of both although es was also good at gearing...
I don't know if I aspire to trade like anyone, I'm still figuring most of this s**t out as the days tick along...
Some of the things I have found most gratifying from the effort I have placed into developing a trading style is that I can enter a trade and be in profit from the get go, and stay in profit... This takes a boat loss of stress away from me... I have probably had 2 losing trades all year... Although I don't trade nearly as often as many on this board... But when I do it's generally a 400+ pip trade at larger lot sizes... Sometimes I only find out I'm in a trade when I open my email... Only to see a line that i cast a week or a couple of days ago has been taken and I'm sitting with a 100 pip buffer and have already scaled in twice...
I find if I stay in front of the screen too long trying to scalp that I get bored or fall asleep (literally)
So I run a alerts client (which will be getting a much needed upgrade with FX SYNERGY 2.0)
And I have a few live trades waiting to get triggered at cone extremes, long term zlines, pullback's into momo or zlines...
The only time I ever really trade the market actively is around key news releases or when a alert gets triggered...
That's the benefit of having a software package that manages risk as well as synergy does... I don't need to be committed 24/7 and can let price trigger and entry and the software takes care odd everything else...
Does it always work out? No, but when it does its normally big numbers