The ideas that I trade by:

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Mon Dec 08, 2014 7:57 pm

MightyOne wrote:
michal.kreslik wrote:
MightyOne wrote: Michal Kreslik, he does exist :shock:


I'm trading FX for a living. I stopped posting when I felt that the competition can take advantage of the information I provide in my posts :idea: .


Knowledge is not respected unless you put a price tag on it; they will hear what you have to say and then they will hear what the other guy has to say because his knowledge is free also.


I'm. going to make a Ken Roberts type trading couse
and sell it for $3997. 8)
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 » Mon Dec 08, 2014 8:00 pm

Riddle007 wrote:It's my first post on this forum so Hello EVERYONE!!
I have a questions to you MO.

I can not understand it...

let's say that we play off of monthly extreme.
*sign* on Monthly chart
price closes below something, on a smaller TF chart.

after that we are safe until our target on monthly? Or anything can happend and between our target and "place" where we entred on smaler tf, we will have to be closed Consistently below something further on higher TF created during the creation HH on MN TF ?
:shock: a little messed up,but if you will have a problem ,I will try to write more clearly.

Regards,


Do I just go short and ride the long term chart to a target


The target has no period attached to it, it is simply when my account reaches the next 'waypoint' ($1000 ---> $1500 --->$2250)
At each waypoint space is reset and it becomes 'my money'.

Without accumulating size I would have to make 5000 or even 10000 pips to reach my target; that is why I say 'forget about pips, they do not matter, focus on size'. [-X

How aggressively I accumulate determines the distance to the target which determines how large of a chart that I need to reach the target.

By starting with my back to the 2+ day I give myself the potential movement of the 2+ day chart; it is like first securing the energy to reach a target (fuel the rocket-ship) before even placing a trade.

If you think about the problem you will find the solution #-o

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 08, 2014 8:03 pm

I'm. going to make a Ken Roberts type trading course
and sell it for $3997. 8)


Isn't giving people hope profit enough? :mrgreen:

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alexi13
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Re: The ideas that I trade by:

Postby alexi13 » Mon Dec 08, 2014 8:37 pm

MightyOne wrote:
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 :lol:


Sure thing but how far the cone will widen.. that is the question :wink:

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


Would it be ok to use 2 day extremes as IF/THEN line and have stop further away like on the picture below?
Image
Everything should be made as simple as possible, but not simpler - Einstein
Question all - Cs

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Mon Dec 08, 2014 10:31 pm

MightyOne wrote:
I'm. going to make a Ken Roberts type trading course
and sell it for $3997. 8)


Isn't giving people hope profit enough? :mrgreen:


I wouldn't go through the headache of doing that.
I can make enough trading. If I did I would sell the
"Water Horse" method. :twisted:
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby aliassmith » Mon Dec 08, 2014 10:44 pm

MightyOne wrote:
Riddle007 wrote:It's my first post on this forum so Hello EVERYONE!!
I have a questions to you MO.

I can not understand it...

let's say that we play off of monthly extreme.
*sign* on Monthly chart
price closes below something, on a smaller TF chart.

after that we are safe until our target on monthly? Or anything can happend and between our target and "place" where we entred on smaler tf, we will have to be closed Consistently below something further on higher TF created during the creation HH on MN TF ?
:shock: a little messed up,but if you will have a problem ,I will try to write more clearly.

Regards,


Do I just go short and ride the long term chart to a target


The target has no period attached to it, it is simply when my account reaches the next 'waypoint' ($1000 ---> $1500 --->$2250)
At each waypoint space is reset and it becomes 'my money'.

Without accumulating size I would have to make 5000 or even 10000 pips to reach my target; that is why I say 'forget about pips, they do not matter, focus on size'. [-X

How aggressively I accumulate determines the distance to the target which determines how large of a chart that I need to reach the target.

By starting with my back to the 2+ day I give myself the potential movement of the 2+ day chart; it is like first securing the energy to reach a target (fuel the rocket-ship) before even placing a trade.

If you think about the problem you will find the solution #-o


Pips are not a good metric.

I could trade monthly charts with large stops
and make 5000 pips but only make %10 for the
year.

Fuel the rocket ship and lauch it to Pluto!
Trade Your Way as Long as It Makes Money!

Riddle007
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Re: The ideas that I trade by:

Postby Riddle007 » Mon Dec 08, 2014 11:04 pm

Sir thank you for such a quick reply
I understand the need to accumulate the size of the position.
But I asked for something else. I know, I know all messed up because my tired brain.

I keep repeating NLA thread and blind mouse, and there fall such phrases as (of course, not exactly) ::
-important is what price is doing at the moment.
- When the price goes up, remove all supports, do not limit price.

But at the same time, it is good to go out on extreme. (And of course I understand it)

And here my question

situation:

price closed above something on High TF chart. When we play from, 2+ daily extrem, and price will close under something on smaller TF. Should I ignore all these places where the price was closed above the something on smaller TF when she went up to close above something on HIgh TF chart? :shock: again :roll:


This picture solved my questions
MightyOne wrote:Image

This one also are good one
Image
Last edited by Riddle007 on Mon Dec 08, 2014 11:55 pm, edited 4 times in total.

Riddle007
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Re: The ideas that I trade by:

Postby Riddle007 » Mon Dec 08, 2014 11:49 pm

aliassmith could you write what are your favorite TF Big and smallest? Sometimes i feel that if I use 1H candle i can miss a lot of move ;/ in other side too small TF have a lot of less suces rate, where is the balance? I know i can exit almost on zero lose but When candle close above my entry im begin balding.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 4:07 am

alexi13 wrote:
Would it be ok to use 2 day extremes as IF/THEN line and have stop further away like on the picture below?


Image
[/quote]

I covered this already [-X

1. A 2+ day extreme is a minimum requirement of 2 daily candles + the current daily candle or 2.5 days worth of smaller chart PA.
Again, you can use a monthly or yearly extreme if you want to, 2 days is just the minimum range that you want to stay out of.

2. Your total space is your maximum risk.
If you enter for less than you max risk, from an extreme, then your true stop is lower than the extreme.
You can either let yourself get stopped at the extreme and have space left over or you can move your stop lower so that your total risk is x%.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 4:31 am

I would rather you start on page 99 of this thread than read NLA & BLIND MOUSE.

In this thread we use: bodies, wicks, extremes, position sizing, space, a horizontal line, & 'buy-buy-buy-bye!' accumulation.

Everything has been simplified for the benefit of the people who just want to make money rather than study charting.

Because of the direction I want to move this thread in I do not talk about Zero-Lines.
I even regret talking about cones because new members always try to apply 'advanced' charting
with a shaky knowledge of the basics.

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