The ideas that I trade by:

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Tue Dec 16, 2014 7:15 pm

MightyOne wrote:You should start by clicking from MN to your lowest chart, say M5.
Why do we do this?
Because we are placing and trailing a stop loss ('position') on the largest chart of which we have position at an extreme.

I don't know why people don't get this: you are always trading your largest chart.

You can trade the short term chart against the long term chart but at the end of the day(s) one of two things must happen:
1. the large chart complies and bends to you.
2. you comply and bend to the large chart.

No matter what: you are [eventually] always trading your largest chart.

If you were sitting there looking at only the daily chart then how would you trade it?
Guess which extreme you would choose (direction of loss)?

When people argue against extremes I just laugh, the absurdity of the argument is too much for my mind to handle; as If I were one to strive for something in vain, as if there were another path that I am just not seeing.

Trade without the extreme!
Place your stop randomly, according to your entry, within the short term range!
Aim for 1.5:1, and dream of 4:1! =D>
I know your type, you're nothing but fodder; I will eat of the meat you create & get fat on your profits.

When you find a truth hold onto it, dig a moat and guard it, for seeing the way is the holy grail.


Feeling poetic I see!
I tend to favor the ZL after the extreme and lean
on both. Just about every time i put my postion
inside the extreme it would get cracked often.
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 » Tue Dec 16, 2014 7:46 pm

...Just about every time i put my postion
inside the extreme it would get cracked often.


like clockwork :lol:

The D1 extreme used to be pretty safe but now it too is likely to be pegged.

48 to 56 hours seems to be the sweet spot.

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Re: The ideas that I trade by:

Postby kate682 » Tue Dec 16, 2014 8:05 pm

Hi Mo

Ok, so we should be trading the extreme, here is the dow monthly chart, how do i trade that? In context of what you've
said to Pro, how do i trade that?

kate

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Empirical Trader
Current trade music :- https://www.youtube.com/watch?v=sYQwiNH20mU

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Re: The ideas that I trade by:

Postby kate682 » Tue Dec 16, 2014 8:13 pm

And here's the daily, with the 48 - 56 hours boxed in

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Current trade music :- https://www.youtube.com/watch?v=sYQwiNH20mU

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Tue Dec 16, 2014 11:27 pm

MightyOne wrote:
...Just about every time i put my postion
inside the extreme it would get cracked often.


like clockwork :lol:

The D1 extreme used to be pretty safe but now it too is likely to be pegged.

48 to 56 hours seems to be the sweet spot.


I would say mine are about 1 to 3 candles depending
on how the extreme forms.
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Re: The ideas that I trade by:

Postby seedling » Tue Dec 16, 2014 11:35 pm

Bigger picture for dow, long range expansion... If looking at yearly bars tis 5 greenies in a row... Nearly 1000 pips from yearly extreme though so gonna need some space if trading yearlies :lol:
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Captain Pugwash
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Re: The ideas that I trade by:

Postby Captain Pugwash » Wed Dec 17, 2014 8:53 pm

Cones in the hands of an amateur!

Thanks so much for your persistence MO - now to learn exactly how to use this info - I shall do many markups over the Christmas period

That markup I posted yesterday where I said I missed the trade because I was at work - Well Price kindly returned

I targeted the bottom line - Well, It would have been rude not to!

I really should have acted on a a blue arrow to add when the illusion candle poked its nose over the line - but ...excuses excuses

I expanded my space for the long as I am not happy CT atm on this pair - although we are at the yearly extreme - right on an interesting monthly dragon line.

Another thing - I should have (maybe) taken a tp at the first higher pink line and re-positioned my space at the zero line

edited the colours - the pink was my starting point



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"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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Re: The ideas that I trade by:

Postby seacap » Thu Dec 18, 2014 2:09 pm

Ok, fine. It took some time to reread this thread and some others. Now I feel that I am still missing something important here.
If we wait for a close above/below something more significant, we will be far away from the daily+ extreme. But the goal is to enter within 20-30 pips from it, right?
Here is another try. We were far away from multi-day extremes so I positioned at BOx. Got stopped out.
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Re: The ideas that I trade by:

Postby Captain Pugwash » Thu Dec 18, 2014 2:22 pm

Seacap, have a look at where you are on the bigger tf's

Image

a tad extremy
Last edited by Captain Pugwash on Thu Dec 18, 2014 2:23 pm, edited 2 times in total.
"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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Re: The ideas that I trade by:

Postby MightyOne » Thu Dec 18, 2014 2:22 pm

Ok, fine. It took some time to reread this thread and some others...
...Here is another try. We were far away from multi-day extremes so I positioned at BOx. Got stopped out.


Then you read the part about 'end of trend momo'?

This was obviously a take profit area...
give me an example that isn't stupid.

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