The ideas that I trade by:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Dec 06, 2014 12:41 am

When the daily and weekly candle colors are the same...

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Dec 06, 2014 7:52 pm

TheRumpledOne wrote:When the daily and weekly candle colors are the same...


I'd say that we need the long term extremes and we need 'something' else.

'Something' is a 'significant' close over, but it is not necessarily the current long term color.

For instance we may get a long term close over and then a wickdolls;
the current candle is red but we should be heading long:

Image


Instead of looking at 'color' ask yourself what the simple truth is.

I sum up trading in one sentence:
Bodies show the way & wicks show not the way, but if you see differently then do differently

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Re: The ideas that I trade by:

Postby MightyOne » Sat Dec 06, 2014 8:37 pm

The hardest part of trading is utilizing the movement within long term price bars to accumulate size BEFORE the large chart moves :shock:

200 pips can be $200 or $10000, you can labor to be profitable or you can labor to be successful.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Dec 06, 2014 9:44 pm

"Bodies show the way & wicks show not the way, but if you see differently then do differently"

Isn't that the same as trading with the candle color??
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Dec 06, 2014 10:30 pm

TheRumpledOne wrote:"Bodies show the way & wicks show not the way, but if you see differently then do differently"

Isn't that the same as trading with the candle color??


Not exactly...

It is closer to 'trade what you see' than it is to 'candle color'

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Re: The ideas that I trade by:

Postby jscar » Sat Dec 06, 2014 11:03 pm

My take on channels, etc. I did these at about 9:45am or so, and went to run errands. I returned and captured this chart a bit after 2pm.

I didn't expect the downward sloping lines to be useful for very long, since they were based on so little price action. For the upward sloping ones, there are several false breakouts followed by some areas of interest.

Yes, MO, I recognize this is rather short term stuff. :oops: But there is still some decent price action for building space/lots.

Image

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Re: The ideas that I trade by:

Postby MightyOne » Sun Dec 07, 2014 7:29 pm

jscar wrote:
Yes, MO, I recognize this is rather short term stuff. :oops: But there is still some decent price action for building space/lots.


I start by spending 10 seconds on each chart from MN to M5, skipping H1, and then come to rest on M30.

As a rule, I click a higher chart before looking at a smaller chart; resting on M30 I would click H4 before clicking M15, M5.

Code: Select all

 If there is nothing worth trading then it is back to Pineapple Open Face Chinese Poker.
 My only complaint with the game is that the royalties need to be adjusted to:
 KK 15, AA+ 16, staying is 14
 Middle trips is 0 or 1
 Straights are 5 points in the middle

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Re: The ideas that I trade by:

Postby aliassmith » Sun Dec 07, 2014 9:05 pm

MightyOne wrote:
jscar wrote:
Yes, MO, I recognize this is rather short term stuff. :oops: But there is still some decent price action for building space/lots.


I start by spending 10 seconds on each chart from MN to M5, skipping H1, and then come to rest on M30.

As a rule, I click a higher chart before looking at a smaller chart; resting on M30 I would click H4 before clicking M15, M5.

Code: Select all

 If there is nothing worth trading then it is back to Pineapple Open Face Chinese Poker.
 My only complaint with the game is that the royalties need to be adjusted to:
 KK 15, AA+ 16, staying is 14
 Middle trips is 0 or 1
 Straights are 5 points in the middle


so why skip H1?
Trade Your Way as Long as It Makes Money!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Dec 07, 2014 9:14 pm

so why skip H1?


My xCC give a 2x perspective so clicking on M30 is like looking at H1...

you could say that my charts are:
2+ day
8 hour
1 hour
30 & 10 minute.

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Re: The ideas that I trade by:

Postby aliassmith » Sun Dec 07, 2014 11:45 pm

MightyOne wrote:
so why skip H1?


My xCC give a 2x perspective so clicking on M30 is like looking at H1...

you could say that my charts are:
2+ day
8 hour
1 hour
30 & 10 minute.


Oh you are talking about that white and orange custom chart I
suspect, so that makes sense.
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