The idea's we trade by, so we never lose again. p2. The students become the masters
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
any more clues?
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
I'm liking this for manual trading... easy to be objective on execution, even with a subjective idea.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Still waiting for somebody to tell me I'm doing this wrong
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Sacrophage wrote:I'm liking this for manual trading... easy to be objective on execution, even with a subjective idea.
Hi Sacrophage, what is the idea you are trading? I am not able to see from your chart.
I am just trying to draw cones. They seem to be working but I am not sure they are sound. Still catching up on the discussion and piecing together a plan.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Sacrophage wrote:I'm liking this for manual trading... easy to be objective on execution, even with a subjective idea.
Hey Sacrophage, where do I get this DFSR indicator?
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Jalarupa wrote:thepark wrote:whats the significance of breakout/breakin?
if price has been going up and i hit an extreme, closes over and closes under. it doesnt really tell me anything.
it could continue going up and the close under is just a pullback or the close under could be the start of a price turn or rat reversal?
AUDUSD D1 BO vs BI.PNG
AUDUSD D1 CONFLUENCE.PNG
I tried to recreate, but #1 look how bad our data integrity is. How can 1 broker have a lower low and another not? Anyway, the agles heading down were easier to create, because I felt more sure of my angle (the dashed blue is what I used). The up slanting ones were tough. You have to get comfortable cutting thru price and that is difficult.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Libertarian wrote:Sacrophage wrote:I'm liking this for manual trading... easy to be objective on execution, even with a subjective idea.
Hey Sacrophage, where do I get this DFSR indicator?
From TRO!
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
dr000 wrote:Sacrophage wrote:I'm liking this for manual trading... easy to be objective on execution, even with a subjective idea.
Hi Sacrophage, what is the idea you are trading? I am not able to see from your chart.
I am just trying to draw cones. They seem to be working but I am not sure they are sound. Still catching up on the discussion and piecing together a plan.
I like cones and agree with the way Mighty defined all action as either breakout or cone. Also, drawing 15 degree cones as a template seems to help. Draw cone or flag, but not both. One is increasing sin behavior and the other decreasing - you should be able to see the difference in PA and know which to draw.
Re: my template above, I have Dyn_Fibs_SR, M-candles, and Perfect_Bar modded to cut out wicks on all but the current bar. I feel you can see the larger trend by setting M-candles to a higher TF, you can see local SR, and you can compare candle bodies for potential triggers. Mix those 3 in a variety of ways and there are setups to be had. First 2 are TRO indis, last one was Mighty's.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
dr000 wrote:Still waiting for somebody to tell me I'm doing this wrong
Is it not offering support or resistance? Your current attempt has you doing lines that are quiet steep (15 degrees)... This is a good way to spot breakouts at extremes and their resultant Break-in's for trades away from the extreme... (overbought//oversold)
It looks good to me... try doing zoomed out... see if you get a different outcome?
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Libertarian wrote:Jalarupa wrote:thepark wrote:whats the significance of breakout/breakin?
if price has been going up and i hit an extreme, closes over and closes under. it doesnt really tell me anything.
it could continue going up and the close under is just a pullback or the close under could be the start of a price turn or rat reversal?
AUDUSD D1 BO vs BI.PNG
AUDUSD D1 CONFLUENCE.PNG
AU1d.png
I tried to recreate, but #1 look how bad our data integrity is. How can 1 broker have a lower low and another not? Anyway, the agles heading down were easier to create, because I felt more sure of my angle (the dashed blue is what I used). The up slanting ones were tough. You have to get comfortable cutting thru price and that is difficult.
Looks good!
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