The ideas that I trade by:

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kate682
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Postby kate682 » Thu Nov 27, 2014 2:54 pm

Sandra wrote:Im five steps behind you sister... Im still trying find the ah ha...

S


:-)
I'm thinking, draw cones & pennants on HTF 240, and trade your risk box at those lines on a LTF 5 chart test. So when price hits your pennant, cone line, and forms a break out rejection (pin bar), place your box there, and trade a re-entry; to start the space war, getting in on additional positions on pull back continuations.

Its the initial start that i'm working on.

What are your thoughts?
Kate
x

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aliassmith
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Postby aliassmith » Thu Nov 27, 2014 5:11 pm

MightyOne wrote:After your initial entry your 'chart window' expands with the current price and can only collapse to x (your stop).

Adding size moves 'x' closer to the current price (think trailing stop) to normalize risk and so
trading the large chart is simply placing and trailing a stop loss.

I explain things as they appear in my head, I am sure there is someone who can come up with a better example :)

Image


That's interesting I came across a post in NLA where you was saying something similar about your teaching skills. :shock:

I find that my usage of BDP, WDL, ZL, Candle closing over something, and
profit cushion suit me the best from your teachings. Well I also look at a
Texas hold'em tournament style of money management.

You know in January take out $1000 to buy in and winner takes all...8 man satellite
Then roll the winnings and put $4000 into the next 8 man, $32,000 winner takes all.<edited
Then buy into a $5000 game, etc ,etc.

There are many Mightyone-isms that I go by
Last edited by aliassmith on Thu Nov 27, 2014 7:26 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!

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kate682
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Postby kate682 » Thu Nov 27, 2014 5:16 pm

aliassmith wrote:
MightyOne wrote:After your initial entry your 'chart window' expands with the current price and can only collapse to x (your stop).

Adding size moves 'x' closer to the current price (think trailing stop) to normalize risk and so
trading the large chart is simply placing and trailing a stop loss.

I explain things as they appear in my head, I am sure there is someone who can come up with a better example :)

Image


That's interesting I came across a post in NLA where you was saying something similar about your teaching skills. :shock:

I find that my usage of BDP, WDL, ZL, Candle closing over something, and
profit cushion suit me the best from your teachings. Well I also look at a
Texas hold'em tournament style of money management.

You know in January take out $1000 to buy in and winner takes all...8 man satellite
Then roll the winnings from that $8000 into the next 8 man, $64,000 winner takes all.
Then buy into a $5000 game, etc ,etc.

There are many Mightyone-isms that I go by


Hi Aliasmmith

I know what ZL's are (and momo's) but what are BDP & WDL if you don't mind me asking

Kate

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MightyOne
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Postby MightyOne » Thu Nov 27, 2014 5:39 pm

I only draw cones...
if I were actually going to trade a triangle with a buy-stop then I would draw a pennant.

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Captain Pugwash
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Postby Captain Pugwash » Thu Nov 27, 2014 5:41 pm

kate682 wrote:
aliassmith wrote:
MightyOne wrote:After your initial entry your 'chart window' expands with the current price and can only collapse to x (your stop).

Adding size moves 'x' closer to the current price (think trailing stop) to normalize risk and so
trading the large chart is simply placing and trailing a stop loss.

I explain things as they appear in my head, I am sure there is someone who can come up with a better example :)

Image


That's interesting I came across a post in NLA where you was saying something similar about your teaching skills. :shock:

I find that my usage of BDP, WDL, ZL, Candle closing over something, and
profit cushion suit me the best from your teachings. Well I also look at a
Texas hold'em tournament style of money management.

You know in January take out $1000 to buy in and winner takes all...8 man satellite
Then roll the winnings from that $8000 into the next 8 man, $64,000 winner takes all.
Then buy into a $5000 game, etc ,etc.

There are many Mightyone-isms that I go by


Hi Aliasmmith

I know what ZL's are (and momo's) but what are BDP & WDL if you don't mind me asking

Kate


BDP - body in the direction of profit
WDL - wick in the direction of loss
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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MightyOne
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Postby MightyOne » Thu Nov 27, 2014 6:01 pm

Keep in mind I make all of this up; it is not real technical analysis until someone sells it in a book ;)

Kate's Chart:
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MightyOne
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Postby MightyOne » Thu Nov 27, 2014 6:11 pm

Both cones and pennants exist at the same time because

cones = pennants = channels = forks = some other expression of the same thing.

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Postby MightyOne » Thu Nov 27, 2014 6:20 pm

aliassmith wrote:
MightyOne wrote:After your initial entry your 'chart window' expands with the current price and can only collapse to x (your stop).

Adding size moves 'x' closer to the current price (think trailing stop) to normalize risk and so
trading the large chart is simply placing and trailing a stop loss.

I explain things as they appear in my head, I am sure there is someone who can come up with a better example :)

Image


That's interesting I came across a post in NLA where you was saying something similar about your teaching skills. :shock:

I find that my usage of BDP, WDL, ZL, Candle closing over something, and
profit cushion suit me the best from your teachings. Well I also look at a
Texas hold'em tournament style of money management.

You know in January take out $1000 to buy in and winner takes all...8 man satellite
Then roll the winnings from that $8000 into the next 8 man, $64,000 winner takes all.
Then buy into a $5000 game, etc ,etc.

There are many Mightyone-isms that I go by


If you always think of profits as 'your money' then it will just drive you insane.
The closer that you can get to a play money / 'their money' mentality the better.

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MightyOne
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Postby MightyOne » Thu Nov 27, 2014 6:35 pm

Thanks to TRO for taking the time to dig through years of indicators to find and fix the donational CZ indicator...and on Turkey Day no less!

Image


*gobble gobble*

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 27, 2014 6:43 pm

Anything for you, MO!

Don't eat too much turkey.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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