The ideas that I trade by:

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aliassmith
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Postby aliassmith » Sun Nov 23, 2014 4:53 pm

MightyOne wrote:
...Are you saying that with this "new" space methodology that you really don't use much of the ideas from that thread?

The reason to enter and exit need some charting skills I would think.


Your technical skills need only extend so far as to recognize when a candle closes over or fails to close over something.

When I initiate a trade, I am placing a stop that holds the potential of every chart at which the stop can be seen at an extreme.

When I increase my position size then I am trailing my stop closer to the current price to normalize risk.
If I trail my stop to the middle of the weekly bar then I no longer have weekly potential; I have reduced my staying power and must now either re-position or look for an exit.

I always remember that I am trading a large chart:
small charts accumulate size, large charts use size to fill your pockets with money.
If I were to stay in a small chart mentality then I would miss out on epic windfalls.

When I trade large charts I am only doing so until a %target; it is more of a feint than actually trading the chart.

While the chart below is good for a space grab, just imagine how awesome that same chart would be if it were a weekly or monthly chart!

Image


Seek out long term potential and remember that it is a large chart; that you usually have plenty of time to increase your lot size before it does its thing.

Don't worry about winning or losing, focus on
short term and long term goals.

What else can I say, I really don't use anything that I haven't already shown you...
...I will recognize and respect cones, but that is as 'advanced' as I get these days.


So your trading has reverted from Picasso to child finger painting :D

Well it does fulfill one of your ideas you have been preaching for years.
"Don't be overly technical"

Step one find High Timeframe extreme
Step two look for Breakout away from extreme (BOx)
Step three enter at better price
Step four ADD and normalize risk
Step five ADD and make big gains (%target)
Step six take big gains and start at step one

If someone new comes into the trading game and learns only this, they
could be successful. Trying to unlearn and use this method could be a
challenge.

BTW...BOx is a ZL :shock:
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sun Nov 23, 2014 6:33 pm

A BOx is the weakest starting position but it often works, esp. when you are catching the downward momo.

It may be pierced as a ZL on the way back but that is not such a big problem because you are waiting for a BDP on a smaller chart.

If someone new comes into the trading game and learns only this, they
could be successful. Trying to unlearn and use this method could be a
challenge.


My methods are like a space-suit, they are there to make sure you don't don't die before completing your mission; you can still be your own person.

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MightyOne
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Postby MightyOne » Sun Nov 23, 2014 6:52 pm

Captain Pugwash wrote:
MightyOne wrote:
When I increase my position size then I am trailing my stop closer to the current price to normalize risk.
[highlight=yellow] If I trail my stop to the middle of the weekly bar then I no longer have weekly potential; I have reduced my staying power and must now either re-position or look for an exit.[/highlight]

I always remember that I am trading a large chart:
small charts accumulate size, large charts use size to fill your pockets with money.


So - is this the reason you add + add + 50% then get out.

In this way you [highlight=yellow]then[/highlight] WAIT for price to come back to you -like a spider patiently waiting for its pray.

Because "only" in this way, you can keep the (say) weekly extreme in place.

If price runs off without you - let it - because your adds on the small TF have taken your stop (or even position) into a crappy place - and you are only interested in being positioned from the safety of an excellent place.



(edit) So when you say "to value long term positions above all else" - I may infer that it is better to be "waiting to be" positioned from a long term pointy place - and maybe miss a move - Than catch a nice expansion of price and be positioned from a crappy place?

That truly would be a paradigme shift in my thinking


In order of importance:

1. Position (staying power)
2. Lot Size (money)
3. pips (the flow of money)

You will make money as long as you don't change the order.

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Braathen
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Postby Braathen » Mon Nov 24, 2014 10:22 am

Position.. lotsize.. show me da moneh! :D

For a good while now i have ONLY been trading position (HTx,BOx,WDx) with cones/penn's and closing above/below somehting as technical analysis.

Since i suck at larger TF direction i use the 3/9 day median (above long scalps/short long term hold visa versa)

I would like to share some really easy trades last week on EU.

Image


Image


Pic 2 .. second space adjustment is 50% not 100% :D

Image


Pick an extreme (HTx,BOx,WDx)
Try to get as many lots as you can before move
Exit at large % gain or small loss :D Simple!!!

Spare time used researching Options.. really.. really.. really.... wanna trade
options!

Thanks to everyone posting! I love reading this forum and i wish everyone
the best with there trading!
"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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prochargedmopar
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Postby prochargedmopar » Mon Nov 24, 2014 4:52 pm

Braathen wrote:Position.. lotsize.. show me da moneh! :D

For a good while now i have ONLY been trading position (HTx,BOx,WDx) with cones/penn's and closing above/below somehting as technical analysis.

Since i suck at larger TF direction i use the 3/9 day median (above long scalps/short long term hold visa versa)

I would like to share some really easy trades last week on EU.

Image


Image


Pic 2 .. second space adjustment is 50% not 100% :D

Image


Pick an extreme (HTx,BOx,WDx)
Try to get as many lots as you can before move
Exit at large % gain or small loss :D Simple!!!

Spare time used researching Options.. really.. really.. really.... wanna trade
options!

Thanks to everyone posting! I love reading this forum and i wish everyone
the best with there trading!


Good work,
Great to see your still at it!!!
Did you see that wacky tabacky is legal in a couple states over here in the U.S.?

you were always Mr. patient.
Patience pays it seems.
#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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MightyOne
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Postby MightyOne » Mon Nov 24, 2014 5:34 pm

*places graduation cap on Braathen's head* :idea:

Wonderful trading.

You are already trading long term charts by simply holding the extreme of a large chart.
At some point, while looking at the large chart, you say 'I wish I was short with a stop at x...oh wait, I am!' :lol:

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alexi13
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Postby alexi13 » Tue Nov 25, 2014 9:56 am

Great trades Braathen. I hope to see more of your charts :)

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Braathen
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Postby Braathen » Tue Nov 25, 2014 10:57 am

prochargedmopar wrote:
Braathen wrote:Position.. lotsize.. show me da moneh! :D

For a good while now i have ONLY been trading position (HTx,BOx,WDx) with cones/penn's and closing above/below somehting as technical analysis.

Since i suck at larger TF direction i use the 3/9 day median (above long scalps/short long term hold visa versa)

I would like to share some really easy trades last week on EU.

Image


Image


Pic 2 .. second space adjustment is 50% not 100% :D

Image


Pick an extreme (HTx,BOx,WDx)
Try to get as many lots as you can before move
Exit at large % gain or small loss :D Simple!!!

Spare time used researching Options.. really.. really.. really.... wanna trade
options!

Thanks to everyone posting! I love reading this forum and i wish everyone
the best with there trading!


Good work,
Great to see your still at it!!!
Did you see that wacky tabacky is legal in a couple states over here in the U.S.?

you were always Mr. patient.
Patience pays it seems.


Thanks for the kind words Pro!
4-5 years now.. sticking to my goal of trying to get what MO say's...
its all about the journey baby!
Yeah i see that with the wacky tobacky! Pretty sure ill go visit the US
before long.. not only for that reason ofc but hey!
Some like rum.. i like tobacky! :D

MightyOne wrote:*places graduation cap on Braathen's head* Idea

Wonderful trading.

You are already trading long term charts by simply holding the extreme of a large chart.
At some point, while looking at the large chart, you say 'I wish I was short with a stop at x...oh wait, I am!' Laughing


*wears new cap with pride*

UHHHH perfect fit m8!

When i look through my old pics and think about how i trade today
i laugh.. hard.. but hey! I know i say this in every post m8 but thanks!
Really appreciate what you have done here at kreslik and the countless
hours u have spent giving back :D

Thanks for your kind words alexi13 :D ill try :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

aliassmith
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Postby aliassmith » Tue Nov 25, 2014 1:51 pm

Braathen wrote:
prochargedmopar wrote:
Braathen wrote:Position.. lotsize.. show me da moneh! :D

For a good while now i have ONLY been trading position (HTx,BOx,WDx) with cones/penn's and closing above/below somehting as technical analysis.

Since i suck at larger TF direction i use the 3/9 day median (above long scalps/short long term hold visa versa)

I would like to share some really easy trades last week on EU.

Image


Image


Pic 2 .. second space adjustment is 50% not 100% :D

Image


Pick an extreme (HTx,BOx,WDx)
Try to get as many lots as you can before move
Exit at large % gain or small loss :D Simple!!!

Spare time used researching Options.. really.. really.. really.... wanna trade
options!

Thanks to everyone posting! I love reading this forum and i wish everyone
the best with there trading!


Good work,
Great to see your still at it!!!
Did you see that wacky tabacky is legal in a couple states over here in the U.S.?

you were always Mr. patient.
Patience pays it seems.


Thanks for the kind words Pro!
4-5 years now.. sticking to my goal of trying to get what MO say's...
its all about the journey baby!
Yeah i see that with the wacky tobacky! Pretty sure ill go visit the US
before long.. not only for that reason ofc but hey!
Some like rum.. i like tobacky! :D

MightyOne wrote:*places graduation cap on Braathen's head* Idea

Wonderful trading.

You are already trading long term charts by simply holding the extreme of a large chart.
At some point, while looking at the large chart, you say 'I wish I was short with a stop at x...oh wait, I am!' Laughing


*wears new cap with pride*

UHHHH perfect fit m8!

When i look through my old pics and think about how i trade today
i laugh.. hard.. but hey! I know i say this in every post m8 but thanks!
Really appreciate what you have done here at kreslik and the countless
hours u have spent giving back :D

Thanks for your kind words alexi13 :D ill try :D


Nice cap, well deserved!
Trade Your Way as Long as It Makes Money!

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kate682
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Postby kate682 » Wed Nov 26, 2014 2:41 pm

Problem I'm having is that i see an extreme point, and I put my 20 pip space box above and to the 50% Momo candle and wait patiently for the price to get into my space in order to position. But price does not come back to that box, and so i'm not in the market and unsure what to do at that point. I know i'm missing something here, but i'm not sure what.
:-(
Empirical Trader
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