The ideas that I trade by:

[Captain Pugwash]

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?

Please note the "+" in "2+" day extreme, it means that you want to have your stop AT LEAST that far away.

The idea is to trade from the large chart extremes with the smallest amount of space/risk & then accumulate
size before the large chart makes a significant move that carries you to a %target.

So many people think that because they can profit that it is a good trade when it is long term position & potential that determines whether or not your trades are 'good'.
Anyone can make 20 pips, who can make 1000%? The right thing is most often the narrowest road.

EDIT: #3 should read "...a signal to fade the unlikely event..."

Alexi - thanks for posting your chart - the response is worth the loss - the education from it is priceless

I learned more about the behavior of the crash zone by drawing it by hand - seeing how price expansion in a direction effects the zones on the current week - please try using the formula MO posted above - maybe before using the indicator - a pain in the arse to do - but ultimately worth it

[TheRumpledOne]

"Be the leaf"

http://youtu.be/XK_4Z5DZcNM

[MightyOne]

"Be the leaf"

http://youtu.be/XK_4Z5DZcNM

I remember hearing it as:

"you want to be the fly on the elephant's ass, wherever the elephant goes you follow" -Scott Barkley, PROACT TRADERS

[seacap]

MO, just to clarify.. Alexi13 went long.

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?

Please note the "+" in "2+" day extreme, it means that you want to have your stop AT LEAST that far away.

The idea is to trade from the large chart extremes with the smallest amount of space/risk & then accumulate
size before the large chart makes a significant move that carries you to a %target.

So many people think that because they can profit that it is a good trade when it is long term position & potential that determines whether or not your trades are 'good'.
Anyone can make 20 pips, who can make 1000%? The right thing is most often the narrowest road.

EDIT: #3 should read "...a signal to fade the unlikely event..."

[alexi13]

MO, thank you so much for your reply. I highly appreciate that. As Captain wrote, it's priceless.
I hope that you won't lose patience and continue to give us words of wisdom.
Even in response to charts, which sometimes may look horrible to you

I'm so glad that I started to post on this forum. It really boosted my learning process.

Thank you Captain for your advice. You are absolutely right saying that drawing by hand can help.

It seems that today I'll take day off and just try to rethink things and analyse past entries.
Happy weekend everyone!

[prochargedmopar]

"Be the leaf"

http://youtu.be/XK_4Z5DZcNM

"Only the dead fish follow the stream"
https://www.youtube.com/watch?v=e6tMYac-xyU

[Captain Pugwash]

I woke up this morning in realisation as to exactly what the cash zone represents

Its my own personal supply demand curve - and just look how SYMMETRICALLY price reacts with the zones. the further price is stretched - the further it will snap - have a look - really have a look!

Thanks Alexi - you sure don't want to do this by hand tho



Bloody Amazing!

[seacap]

Just wanted to share some trades.
Please see pics. 1st trade exited after the close above my "something". Then re-entered short closer to 2-week extreme and exited after the close above my "something", again. Any help would be appreciated.

[MightyOne]

MO, just to clarify.. Alexi13 went long.

Then I'd just say 'cones man, cones' you either see them or they rip your head off

[MightyOne]

Seacap,

I am pretty sure that I posted this exact scenario in this thread

Yep, here ---> viewtopic.php?p=78090#p78090