The ideas that I trade by:

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MightyOne
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The ideas that I trade by:

Postby MightyOne » Thu Jan 12, 2012 3:10 pm

The ideas that I trade by:

Body in the direction of profit, wick in the direction of loss; if price is closing higher than something
then it is probably not going lower. -MO

S/R is a line that price may cross as long as it is home in time for dinner.-MO

There is only ONE highest high or lowest low & price will move a hundred or hundreds of pips from one (daily+)
extreme to the other (if this is so then what is stopping you from making hundreds of pips?) -MO

A Zero-Line is the idea that if you can see loss then you can see profit. -MO

Anything beyond a scalp and you are waiting for a range expansion (time &/or price); since this is statistical, the
focus must shift from candles to a gamble that price will indeed expand to completion in the desired direction. -MO

In order of importance: SPACE, VALUE, PIPS.
Space contains initial risk, value is position sizing, & a pip is only as valuable as space + value. -MO

Trading is about comparisons, ideas, space manipulation/money management, and taking action. -MO


"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H.Rearden


"Price is the same on all time frames" - The Rumpled One (bothered the $#!@ out of me until I finally accepted it)


"Trading is guessing, if it wasn't then why would you need to (limit your risk)" - The Rumpled One


"What would you do if you knew that you could not fail?" Robert H. Schuller
Last edited by MightyOne on Thu Jan 12, 2012 4:44 pm, edited 1 time in total.

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Postby MightyOne » Thu Jan 12, 2012 3:30 pm

My charts are pretty naked XD

The only time that I draw on my charts is when I am sharing it as a picture.

The indicators on the chart are:

II_CC_LITE (free) loaded 3 times
II_H_EXTREME_COO ($$$$) to point out DWM high extremes and closes over the open price.


Image
Last edited by MightyOne on Fri Jan 13, 2012 9:20 am, edited 1 time in total.

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Postby MightyOne » Thu Jan 12, 2012 3:36 pm

This thread contains the ONLY THINGS I consider before making a trade.

Anything else is just to impress women.

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Postby MightyOne » Thu Jan 12, 2012 4:38 pm

Q: How do you know if S/R is broken?

Price closes beyond "something" -MO

Q: How many candles/cc must close beyond "something"?

You mean what time frame should you use to trade? -MO

Q: So you're a scalper now?

I am whatever works best at the moment -MO

Q: I know that you have to be using some secret method that you
are not sharing with everyone else.

Everything I know I share with everyone else; success is not in the
methods but in the trader. -MO

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Postby MightyOne » Thu Jan 12, 2012 4:50 pm

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Postby PebbleTrader » Thu Jan 12, 2012 5:06 pm

value is position sizing"


I use VALUE when referring to the idea of obtaining a better price.

and

POSITION SIZING for answering the question of "how much"?
Life is just a journey

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Postby PebbleTrader » Thu Jan 12, 2012 5:08 pm

"Price is the same on all time frames" - The Rumpled One (bothered the $#!@ out of me until I finally accepted it)


I would say that I never really questioned TF's & PRICE or TIME until I saw the above or thought about TIME with PNF.

Thanks for that and all your other wisdom as well :)
Life is just a journey

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Postby MightyOne » Thu Jan 12, 2012 5:11 pm

PebbleTrader wrote:
value is position sizing"


I use VALUE when referring to the idea of obtaining a better price.

and

POSITION SIZING for answering the question of "how much"?


If you want a better price then shed some lots :wink:

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Postby PebbleTrader » Thu Jan 12, 2012 5:18 pm

Everything I know I share with everyone else; success is not in the
methods but in the trader.


Only a small amount of traders are able to continually do what is necessary for success no matter how much good information, beliefs and methods on trading they have.

I used to have extreme "stage freight" in terms of sharing ANYTHING trading knowledge related. Then I realized that most people mostly ignore me, even my friends and family in life if I offer them good advice. :)

Also, everyone else is NOT ME, even if they knew exactly what I know, the results would vary greatly.

In other words, if we were together in a room and traded side by side for a year and then went our own ways. Our trading methods years later, our entries, exits, instrument traded, all aspects of a trade would NOT be the same and would have diverged in a sense.
Life is just a journey

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Postby PebbleTrader » Thu Jan 12, 2012 5:26 pm

^---Forgot to mention that I believe in collaboration versus if I just worked on trading by myself. A group as a whole can move more intellectually further than can a single entity.

I also want to "pay forward" information I have found useful to others who genuinely have a yearning for the knowledge.
Life is just a journey

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