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

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

Postby laksh » Mon Jun 13, 2016 4:27 am

v8power wrote:
prochargedmopar wrote:When is the vote?


the 16. .


It's on 23rd, Thursday.

Fun starts from 10 PM BST when counting starts. Result will be known by early morning.

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

Postby v8power » Mon Jun 13, 2016 4:29 am

laksh wrote:
v8power wrote:
prochargedmopar wrote:When is the vote?


the 16. .


It's on 23rd, Thursday.

Fun starts from 10 PM BST when counting starts. Result will be known by early morning.


That's what I thought but FF had something on the 16, so I assumed that was it. Thanks for the correction.

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

Postby v8power » Mon Jun 13, 2016 5:02 am

Brexit vote be damned. That yellow line is some strong support. Price has only closed over it twice since 1989. And looked what happened when it did just a few months back. Closed under, then closed over (BDP), then wicked the same line and closed over it again (wick in direction of loss). Plus who's profit are you trading for?! Im aiming for 1.6700 then 1.9300. If my trade that I put on in Feb doesn't get blown out, Im holding it until it hits 1.9300 and I collect 6,000 pips :mrgreen:
gbpusdpro-mn1-tradeking-forex-llc.png
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This is my one and only idea for a possible short. If it does break through
gbpusdpro-mn1-tradeking-forex-llc-4.png
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watch out.

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

Postby Jalarupa » Mon Jun 13, 2016 5:29 am

prochargedmopar wrote:Considering the orange boxes as the most recent weekly candle (last weeks)
And that the weekly ZL/MZ area of interest was much higher than your entry shown.

Not condemning, just wondering why you entered lower instead of higher?
I know, the word WHY puts people on the defense but I gotta ask.

higherEntry.png


So PRO, if I may add to your question here... The Entry of V8 is standard Zline/MZ 101

However if you were aiming for a brutally accurate entry like that suggested by yourself above (or questioned?), one would have to adopt the Cone in the form of the BDP / Wick Doll Methodology...

When price is falling (DBP) - Wick Dolls congregate and bounce/touch off of upward sloping cones... (and the same is true for DBP longs and Downward sloping cones)

This is my fail-safe check for continuation (YES a straight line does the same thing... BUT) It offers the most accurate buffer against price moving in the direction of loss...

See below...

EURJPY H4 Cone.PNG
EURJPY H4 Cone.PNG (46.38 KiB) Viewed 250 times


The initial cone was created from the HIGHEST / TOP Cone - Therefore this is applicable in real time ;)

I'm sure this post will prove powerful to those who understand what I am saying - I have said it before and MO has shown it many times , but without saying as much (asking us to see and learn for ourselves)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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

Postby Jalarupa » Mon Jun 13, 2016 5:41 am

v8power wrote:Curious as to how the brexit vote will affect the market. I've been bullish on G/U since the start of the year and still have a long position on since Feb.
Pissed my margin has been slashed on all Gbp pairs.

Also Pro here is a live example of how and what I look for, for breakout/breakin trades. Did price close or did price not close over a line? Its just another idea to help build a thought of what price might do and where it might go. Also remember price can cross a line as long as its home for dinner and price can move hundreds of pips past a line on HTF charts before it has to be home. :mrgreen: HA its fun playing mini M.O.

Image


Here's an update on my PNF HTF Chart (Its 10x2 - BUT zoomed all the way out - so it gives the effect of a daily chart)

AS you can see the price has stalled and bounced off of previous failed lines... but those lines are still relative (upward sloping for downside continuation)

Price may def rally hard out of here if this price level holds up....

GBPUSDPNF1.PNG
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GBPUSDM15.PNG
GBPUSDM15.PNG (48.46 KiB) Viewed 247 times


To validate this, you would want to see price stay ABOVE the Downward Sloping Cones... It would be better if we got some DECENT MOMO out of this area... If you do you can start scaling in on the pullback to Zline/ Dragon Line/ MZ
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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

Postby prochargedmopar » Mon Jun 13, 2016 5:42 am

I don't know about all that stuff Ja
See a body
See what could become a wick.

Only looked at this chart for entry.

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Just started reading about FL shooting.
#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 prochargedmopar » Mon Jun 13, 2016 5:56 am

GU monthly,

To much liquidity below 1.3500 not to go there.

IMG_20160613_005516.jpg
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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 Jalarupa » Mon Jun 13, 2016 6:02 am

Sacrophage wrote:I've been short EA. Exited Fri. Want to be short again, ideally from the top of the cone or better with a stop above 1.53, for a break below the low @ 1.519. Maybe exit the short at the cone that develops after that breakdown. If I don't get the entry, do I chase, or should I not even be looking for this entry, and instead be waiting for a move back up to 1.54? Secondarily, since you need to use such tight stops to trade big leverage, I imagine waiting is 90% of the strategy. What % of trades don't quite make it into your acceptable SL zone? Or, do you shift the setup and alter volume to accommodate?


Hey Sacro,

EURAUD H1.PNG
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If I may your cones are a not correct (I know MO says 15 Degrees) But that's not IMO the best way to draw them... You need to connect Lows and Highs (like I have highlighted here... (this is highly subjective and you will get angles than vary depending on how steep you wish to make the cone)

Once you get the cone right you will see its easy to map future PA... Remember the Cone is the Markets DNA... two opposite forces that pull and push off of one another creating areas of supply and demand...

You are 100% correct waiting is 90% of the strategy... I use a EA (I'm sure I've posted a link to it before) that takes a trade if the trendline that you have set gets touched by PA... So for me waiting is just waiting for the email from FX Synergy to come saying that its GAME ON!

In terms of my personal SL... It depends on the amount of space I wish to give a pair... on a High Beta pair like the EURAUD I would perhaps double my space and half my position... and then scale in aggressively once price starts to distance itself from my average line...

I think the area you are now trading is perfect for shorting (but I'd be more inclined to fade the upper band trendlines (in RED) or the GREEN - because I'm a pussy)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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

Postby prochargedmopar » Mon Jun 13, 2016 6:10 am

Dropping to a 10m chart I see my actual risk was 2 pips.
SL moved to reflect that #,
TP is still 20ish.
Off to bed

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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 » Mon Jun 13, 2016 6:10 am

prochargedmopar wrote:GU monthly,

To much liquidity below 1.3500 not to go there.

IMG_20160613_005516.jpg

Been over 25 years since price went to that level and stayed. I need some good conformation to want to short that.

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