The ideas that I trade by:

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MightyOne
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Postby MightyOne » Tue Jul 08, 2014 6:31 pm

forextrading wrote:+ 8 pips today.

Body shows the direction. Play in the direction of the body.

http://www.mql5.com/en/charts/2097657/e ... rski-banku


This thread is not about scalping :lol:

Pips are meaningless without size.


Now if you showed how you traded away from extreme, successfully doubled your size, & THEN increased your size by 50% scalping to your TP then that would be constructive.

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forextrading
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Postby forextrading » Tue Jul 08, 2014 7:13 pm

Low volatility = 8 pips :)

Currently, I do not play extreme, but if I played - example:

1. Base: http://www.mql5.com/en/charts/2097852/e ... rski-banku

2. trade: http://www.mql5.com/en/charts/2097842/e ... rski-banku

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Sandra
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Postby Sandra » Tue Jul 08, 2014 7:46 pm

I sensed I wasnt getting it, so I closed my short on e/j from 55 at 20 taking +35 @ 3 lots.

Now I will look for next extreme.
My take from the latest post is it cant be any 2 day candles...were looking for swings, extremes, s/d on the daily time frame so we have some room for price to move and we escalate our position?

S

jmag4
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Postby jmag4 » Tue Jul 08, 2014 8:12 pm

One thing I'm not sure about is if I'm supposed to place my fib 100 on stop loss and drag the 50 down to the 15/25/35 pip range or whether I drag the 0 to the 15/25/35 range? (Not sure if that makes sense, let me know if I need to clarify better)

How does this look? I already have an open position, ignore that

Image

Image

Enter around the 50 fib short 0.75%?

Image

forextrading
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Postby forextrading » Tue Jul 08, 2014 10:50 pm

Sandra wrote:I sensed I wasnt getting it, so I closed my short on e/j from 55 at 20 taking +35 @ 3 lots.

Now I will look for next extreme.
My take from the latest post is it cant be any 2 day candles...were looking for swings, extremes, s/d on the daily time frame so we have some room for price to move and we escalate our position?

S


day 2+ extreme or higher = more pips

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aliassmith
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Postby aliassmith » Wed Jul 09, 2014 3:18 am

the biggest problem with this methodology and space war 2 is my inability to guage when to liquidate when i think the overall move is still going to go my direction.
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Wed Jul 09, 2014 5:32 am

aliassmith wrote:the biggest problem with this methodology and space war 2 is my inability to guage when to liquidate when i think the overall move is still going to go my direction.


My trading started in simplicity & gradually became more complex before plateauing in simplicity :lol:

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Braathen
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Postby Braathen » Wed Jul 09, 2014 8:25 am

aliassmith wrote:the biggest problem with this methodology and space war 2 is my inability to guage when to liquidate when i think the overall move is still going to go my direction.


Hey buddie!

Try going for the accumulation of space as a target
or a % goal like 12.5% of your account or whatever
makes you h*rny.

Since theres always a +2 day extreme to make extreme trade,
BOx trade etc etc you will always have the opertunity
to get back in.

Yes you might miss a few spikes but in my mind its all about
grabbing that cash baby! :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Postby aliassmith » Wed Jul 09, 2014 3:27 pm

Braathen wrote:
aliassmith wrote:the biggest problem with this methodology and space war 2 is my inability to guage when to liquidate when i think the overall move is still going to go my direction.


Hey buddie!

Try going for the accumulation of space as a target
or a % goal like 12.5% of your account or whatever
makes you h*rny.

Since theres always a +2 day extreme to make extreme trade,
BOx trade etc etc you will always have the opertunity
to get back in.

Yes you might miss a few spikes but in my mind its all about
grabbing that cash baby! :D


its definitly about grabbing the cash. I'll. have to continue to
to figure this out. position, and size
Trade Your Way as Long as It Makes Money!

forextrading
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Postby forextrading » Wed Jul 09, 2014 10:16 pm

MightyOne, are you playing extreme in the direction of the main trend or playing in both directions?

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