The ideas that I trade by:

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed Dec 03, 2014 7:55 am

MightyOne wrote:
Do you also trade away from the targets as well as towards them, using them as a sort of S&R? -Kate


If you knew what you were looking at then you would not ask questions like that!

You can know three things for sure:

1. it is likely that price will reach the first set of targets

2. it is not likely that price will escape the second set of targets

3. if price escapes the second set then you are looking at long term momo.

These targets are based on one of my ancient methods that is known as "The Ruler of Six"

You will just have to trust me when I say that it only works when applied to the weekly chart [-X

Image


Folks, listen to the master/inventor.
I love that finger wag!!
Perfect touch.
#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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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Wed Dec 03, 2014 4:53 pm

"You will just have to trust me when I say that it only works when applied to the weekly chart [-X "

Don't you mean "calculated from the weekly chart values" rather than "applied to"?
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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alexi13
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Re: The ideas that I trade by:

Postby alexi13 » Wed Dec 03, 2014 7:34 pm

MightyOne wrote:For those who are already fam. with triangles, forks, median lines, 1-2-3's, channels, and all other PA that is basically the
same thing labeled differently.

Image



Thank you for that. Really helpful. I'd love to see more.
I've tried to draw similar things on my charts today.
Amazing how precise this stuff can be in predicting price action.

Image
Everything should be made as simple as possible, but not simpler - Einstein
Question all - Cs

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Dec 03, 2014 7:46 pm

Triangles are fascinating aren't they :P

Once you understand how they are related to everything else (channels, forks, etc) &
that you have to be religious about drawing through breakouts then you almost become
an instant expert. [-o<

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Dec 04, 2014 9:41 am

I modified the MP Crash Zone to use fewer words :lol:

Image

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Re: The ideas that I trade by:

Postby kate682 » Thu Dec 04, 2014 10:18 am

Image


Is this the sort of right way to draw the lines?
thank you.
Kate
Empirical Trader
Current trade music :- https://www.youtube.com/watch?v=sYQwiNH20mU

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kate682
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Re: The ideas that I trade by:

Postby kate682 » Thu Dec 04, 2014 10:41 am

Image


another example - determined to get this right
kate
Empirical Trader
Current trade music :- https://www.youtube.com/watch?v=sYQwiNH20mU

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alexi13
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Re: The ideas that I trade by:

Postby alexi13 » Thu Dec 04, 2014 2:26 pm

MightyOne wrote:Triangles are fascinating aren't they :P

Absolutely!!! :D

kate682 wrote:Is this the sort of right way to draw the lines?
thank you.
Kate

Looks good to me but better wait for MO opinion.
Everything should be made as simple as possible, but not simpler - Einstein
Question all - Cs

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alexi13
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Re: The ideas that I trade by:

Postby alexi13 » Thu Dec 04, 2014 3:03 pm

Here's my today EU trade. I've placed my stop/position at the extreme.

Now I ponder, was it possible to avoid that loss?
Sure it was. If only I had space of 31 pips I would have gained easy 100 pips.
But wait, then it would not be position at the extreme but 16 pips away from it.

So my question is do you always place your stops/positions exactly at 2d+ extremes, or do you oversize your space sometimes?
Image
Last edited by alexi13 on Thu Dec 04, 2014 4:55 pm, edited 1 time in total.
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doddy
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Re: The ideas that I trade by:

Postby doddy » Thu Dec 04, 2014 4:42 pm

MO; Please can you share the Crash Zone indicator?

Tks so much and all your help to try to help us.

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