The ideas that I trade by:

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Captain Pugwash
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Re: The ideas that I trade by:

Postby Captain Pugwash » Wed Apr 29, 2015 1:13 pm

MightyOne wrote:
...I have simply been sticking a pending order on a break in - with predictable results :oops: Maybe I have been at it wrong - using pending orders to try to predict the break in extreme rather than let it form - then use a pending order (pendings are mainly all i use because of work btw)


(after all I dont know just how far price will push through on a break in - if at all!)-



The long term is for placing/trailing stops, the short term is for accumulating size and space prior to the long term move.

Work/Sleep trading seems to be an epidemic around here :shock:
Trading Forex is like having a baby, you have to be ready to wake up at any time the price alert cries.

Focus on one cycle a day:
If you only have time to add once then add once and look for an exit.
If you can add twice then get the 3rd order in and look for the exit.

Write down your space, size, & pip value and then go to work or sleep: 53 & 6 @ $1.20.
What if you move to a chart where the pip value is 80 cents? (1.2 / .8 ) * 53, your new space is 79.5 & 6 @ $.80...
and back to $1.20: (.8 / 1.2) * 79.5 = 53. Gives you some ideas for situations where you have lost space doesn't it :idea:

Try to attack the same chart if you can but if it moves without you then it moves with out you.
Eventually (my favorite word...next to 'something') you are going to catch the long term chart making a move and you will be in the market with size (& that is what is important).


Thanks again MO

That's a really interesting answer

I now know you wait to see whats going to happen after price hits your alert

If you expect to see what you want to see - you act

I am thinking its a bit like dragon or espips - momo away - return to about 50% observe the reaction - hit the go button - with price heading in your direction - like tro's horz line approach

Im going to split my trading ideas over two types of ideas as a result :)

I am giving up a pending order on an extreme for an alert at the same level

Thanks again
"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 » Wed May 06, 2015 6:43 pm

You don't need indicators or fancy systems to tell you what you already see with your own eyes.

Are bodies closing lower? Price is probably not going up.

Is price breaking out and then closing lower? Price cannot rise on wicks!

"lets combine this with...a powerful system!" they say as I sit back in my leather chair and laugh :roll: :lol:

When will they see that the entry does not exist and that trading is placing and trailing stops based on an idea (a simple truth)

When will they shift their focus from making pips to making money?

The attached chart shows the multiple reasons for going short but it does not show the idea.

The chart shows a profit but profit is meaningless without size...
you need to graduate from 'I won, I won, tee-hee! :mrgreen:' to 'wow, I made a sht ton of money!'

cadjpywork.png
cadjpywork.png (56.17 KiB) Viewed 783 times
Last edited by MightyOne on Thu May 07, 2015 5:34 pm, edited 1 time in total.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Thu May 07, 2015 2:48 pm

MightyOne wrote: you need to graduate from 'I won, I won, tee-hee! :mrgreen:' to 'wow, I made a sht ton of money!'


LOL!!! =D>
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 volnmar » Thu May 14, 2015 5:22 pm

MightyOne wrote:You don't need indicators or fancy systems to tell you what you already see with your own eyes.



The attached chart shows the multiple reasons for going short but it does not show the idea.


cadjpywork.png



What is that idea?
Just learning

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Re: The ideas that I trade by:

Postby prochargedmopar » Thu May 14, 2015 5:52 pm

I'm homeschooling 2 of my boys (12 n 14) next year for 3.5hrs each AM.
That is my designated timeframe. The Rest their Mom is doing.

My subjects to cover are Math, Science, Fitness, and General repairs/electronics.
Unbeknownst to them..........
This thread is going to be study material.

:mrgreen:
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 14, 2015 6:03 pm

volnmar wrote:
MightyOne wrote:You don't need indicators or fancy systems to tell you what you already see with your own eyes.



The attached chart shows the multiple reasons for going short but it does not show the idea.




What is that idea?


The 'idea' is the grand perspective, it gives meaning and value to short term trades.

Without it you are just swinging your fists in the dark looking to land a few pips.

CADJPYDaily.png
CADJPYDaily.png (21.24 KiB) Viewed 538 times


You don't need any advanced knowledge, just a longer term perspective and to be extremely focused on accumulation, markup, and distribution.

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Re: The ideas that I trade by:

Postby TygerKrane » Thu May 14, 2015 6:05 pm

volnmar wrote:
MightyOne wrote:You don't need indicators or fancy systems to tell you what you already see with your own eyes.



The attached chart shows the multiple reasons for going short but it does not show the idea.


cadjpywork.png



What is that idea?

The chart shows various reasons to enter Short and get pips...
It doesn't show the idea/blueprint of going from getting pips, to getting massive gains.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TygerKrane
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Re: The ideas that I trade by:

Postby TygerKrane » Thu May 14, 2015 6:07 pm

Oh! Haha, there you go MO, we were replying at the same time :oops:

(Of course, I was gonna wait for your response too!)

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TygerKrane
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Re: The ideas that I trade by:

Postby TygerKrane » Thu May 14, 2015 6:11 pm

I was gonna post a reply to seedling and TRO in my thread, but I guess you'll just beat me to the punch over there too!

I guess I'll just go back to doing my J-O-B over here then :lol: :cry: :cry: :cry:

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: The ideas that I trade by:

Postby volnmar » Mon May 18, 2015 6:58 pm

About that "Idea" is strictly recomended to look for accumulation and distribution areas? I dont know how to pick good ones.

I like the idea of 1-2-3 system (get into trade after corection wave and hold position until price is closing over something). For me is easier to trade on one timeframe only.

Question is why you use bigger TF and then trade lower one? What must happen on higher TF to say " great after this, I will trade only short on lower TF (and vice versa)?"
Just learning

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