The ideas that I trade by:

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Distinction
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Re: The ideas that I trade by:

Postby Distinction » Sun Mar 22, 2015 10:15 pm

Hello,

interesting answer :) .
Are you saying that this is not an entry method but just a way to see if the trade you are already in from the extremes is still going strong or am i reading to much into it?

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Distinction

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Mar 22, 2015 10:26 pm

Distinction wrote:Hello,

interesting answer :) .
Are you saying that this is not an entry method but just a way to see if the trade you are already in from the extremes is still going strong or am i reading to much into it?

Regards
Distinction


That is correct.

rahimseven
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Re:

Postby rahimseven » Tue Apr 14, 2015 3:50 pm

MightyOne wrote:
jmag4 wrote:Awesome, thanks so much.

Would you recommend I finish the rest of the 250 pages in the NLA thread before beginning this thread? Or skip to this thread or even the post you linked me to?


I would never tell someone to read through hundreds of pages, but I wouldn't stop them either :D

It is hard to answer you when I don't know what your goals are.

If you want to study trading then read tens of thousands of posts over several forums.

If you just want to make money then ask and someone will show you how =)


Can someone please show me the way??? Can't get my head around this method yet. [-o<

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Re: The ideas that I trade by:

Postby rahimseven » Tue Apr 14, 2015 4:22 pm

I'll read a bit more... :D

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Apr 14, 2015 7:31 pm

rahimseven wrote:I'll read a bit more... :D


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Remember: you must normalize your risk when increasing your position size (if you double your lots then you must halve your 'space' (drop your stop closer to the current price).

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Wed Apr 15, 2015 3:55 pm

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Looking at the daily highs and lows, one can see where price "runs out of gas" and must return to "refuel".
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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Re: The ideas that I trade by:

Postby MightyOne » Wed Apr 15, 2015 6:17 pm

I am mostly interested in 'double failures':

Lower high (failure 1), breakout of lower high but does not close higher (failure 2)

price is in a down-trend, there is a higher high that fails to close higher (1), there is a breakout of that higher high but price fails to close higher (2).

Two is a trend :wink:

If you are simply trying to get in on a good thing then you can use any long term breakout as your stop:

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Re: The ideas that I trade by:

Postby Captain Pugwash » Wed Apr 15, 2015 9:00 pm

I'm not sure why, but my perfect opens that I acquired here never are quite the same as yours Mo- probably not even important - but its about time i asked :) :)

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Re: The ideas that I trade by:

Postby Jalarupa » Thu Apr 16, 2015 12:18 am

Captain Pugwash wrote:I'm not sure why, but my perfect opens that I acquired here never are quite the same as yours Mo- probably not even important - but its about time i asked :) :)

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Probably stating the obvious... But your broker times are different... You using FXCM where MO is using MBT... MBT daily open is based off of New York (if memory serves) whereas yours would be another timezone... Ergo you will have differing candles for anything larger than H1...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Re: The ideas that I trade by:

Postby Jalarupa » Thu Apr 16, 2015 12:27 am

MightyOne wrote:I am mostly interested in 'double failures':

Lower high (failure 1), breakout of lower high but does not close higher (failure 2)

price is in a down-trend, there is a higher high that fails to close higher (1), there is a breakout of that higher high but price fails to close higher (2).

Two is a trend :wink:

If you are simply trying to get in on a good thing then you can use any long term breakout as your stop:


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Just checking to see if I understand your rationale...?
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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