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

Postby jrtrading » Wed Jul 06, 2016 2:21 am

Just some thoughts.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby prochargedmopar » Wed Jul 06, 2016 4:03 pm

jrtrading wrote:Just some thoughts.

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Anythings Possible
Weekly chart GU

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#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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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 8:58 am

dr000 wrote:Still waiting for somebody to tell me I'm doing this wrong


Jalarupa wrote:
v8power wrote:
MightyOne wrote:
Start with the basic pattern, a double hook, and notice that the second hook is a breakout that defines the triangle:

"I saw a triangle around here somewhere...
*moves dirt with foot*
...& this spot where the cricket jumped up and tried to bite me in the knee is not part of it"

Start with the simple and then add to it if needed.
It might be the case that you adjust the placement &/or angle of the lines having found the median line.




Maybe something simpler for me. I see the double hook and place my angle cutting it. Then find its downward opposite angle. Then a channel and a median line. This kind of correct?

eurjpy-h4-oanda-division1-2.png


Dude you got this... Don't sweat it... Now just rinse and repeat


When I try to learn a new trading idea I break it down into "abc blocks", just my slang meaning break the idea down so a 5 year old could understand.

1. Start with 1 15* angle placed at a double hook, start it at the 1st hooks extreme then cut through the next hook. That's your 1st line.

2. Find its opposite angle next.

3. Then build a channel around the first line.

4. Watch how price reacts around those 4 lines as then extend out and price moves.

p48 of this thread also has about a half a dozen repost of good idea's from MO about how to use/build/whatever with angles. Also remember MO talks about mastering the basics first, then worry about confluence idea's.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 9:06 am

jrtrading wrote:Just some thoughts.

GBPUSD.png


You always have good thoughts/idea's. You profitable when trading?

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby dr000 » Thu Jul 07, 2016 9:17 am

maybe
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 9:32 am

Sacrophage wrote:Calling all scalpers... time to rip apart some retail brokers! Bremain, brexit, whatever. Bring it on.

This is what some freq looks like on Brexit/Bremain... Short+33%, Long+13%. If I tried trading it manually I'm sure I would have been whipped and lost. I bet V8 beat my machines...


I did ok :mrgreen: . Orginally I was bullish but after watching the market run its self up like crazy the 2 days prior and all mainstream media talking like it was a sure bet that it would be a vote for stay, I just knew it was gonna sell and sell flipping hard.

I literally would max out my margin, then let it move in my favor and just kept adding and adding and adding. I thought for sure my broker was going to tell me go F myself and that they weren't paying me. I def took some losses cuz I wasn't use to price moving like that but it was all good. Blew away my 5,000 pip goal for the week. But how cant you when you have an almost 2,000 pip move.

Im surprised volatility hasn't stayed higher. I was hoping for weeks or months of movement like when the housing market crashed in 08-09. Maybe Im being gteedy though.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 9:48 am

dr000 wrote:maybe


I just went for the easy play
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby jrtrading » Thu Jul 07, 2016 3:05 pm

v8power wrote:You always have good thoughts/idea's. You profitable when trading?


No, sorry to say.

Edit: Thanks for the compliment, though.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 11:50 pm

jrtrading wrote:
v8power wrote:You always have good thoughts/idea's. You profitable when trading?


No, sorry to say.

Edit: Thanks for the compliment, though.


Well your trade idea's always seem to be spot on. So I would examine what is causing you to lose, cuz you should be winning by what I see.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Thu Jul 07, 2016 11:53 pm

Reversal?
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