The ideas that I trade by:

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Goonslinger
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Re: The ideas that I trade by:

Postby Goonslinger » Fri Jul 03, 2015 9:41 pm

prochargedmopar wrote:I just can't see how this mess answers one of the two questions.

Edit:
I see why your cones are where they are.
And why the channels are placed there.
Price going up or down?
Neither answered in my mind using that info.


I'm going to hazard a guess...

The yellow line is the median line which price fails to close above. It also fails to close above yesterdays daily high, therefore you would want to go short. I think its crucial to see where price is closing - closed candles are the truth, the current candle is an illusion.
As of this reply I can't figure out what the circle at the bottom means though.
"So let it be written; so let it be done."

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Jul 04, 2015 4:34 pm

prochargedmopar wrote:
MightyOne wrote:If you look then you will find answers.

gbpusdm5.png


I just can't see how this mess answers one of the two questions.

Edit:
I see why your cones are where they are.
And why the channels are placed there.
Price going up or down?
Neither answered in my mind using that info.


It is more confluence and perspective than prediction.

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Re: The ideas that I trade by:

Postby MightyOne » Wed Jul 08, 2015 6:46 am

Making a decision at this decision point, I wouldn't hold short...

NZDUSDM10.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jul 08, 2015 3:23 pm

I think that it is easier to view decision points as a chart than it is to look at the 10 minute price action between lines.

I divide the day like this:
02:40
08:00
12:00
16:00
21:20

It creates a repeating cycle of 3 candles of 5 hours and 20 minutes, that contain a period of four 4 hour bars, followed
by two 4 hour periods for a total of 24 hours. When does the cycle start? 16:00 :shock:

Some people call it numerology, I call it human psychology; if numbers exist in the mind then they are reflected in the markets.

I started seeing patterns with halves, and then thirds, and then it evolved into the division that you see today.

It's madness, madness, I know, I know...great, I'm answering myself :lol:

NZDUSDM10.png
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Last edited by MightyOne on Thu Jul 09, 2015 5:57 pm, edited 1 time in total.

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed Jul 08, 2015 3:52 pm

MightyOne wrote:I think that it is easier to view decision points as a chart than it is to look at the 10 minute price action between lines.

I divide the day like this:
02:40
08:00
12:00
16:00
21:20

It creates a repeating cycle of 3 candles of 5 hours and 20 minutes, that contain a period of four 4 hour bars, followed
by two 4 hour periods for a total of 24 hours. When does the cycle start? 16:00 :shock:

Some people call it numerology, I call it human psychology; if numbers exist in the mind then they are reflected in the markets.

I starting seeing patterns with halves, and then thirds, and then it evolved into the division that you see today.

It's madness, madness, I know, I know...great, I'm answering myself :lol:



16:00GMT?

Chart looks more like 7 h4 candles over an m10 to me.
And there were many Ledges (decision points) along the way.

Ledges.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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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 » Wed Jul 08, 2015 4:49 pm

16:00GMT?

Chart looks more like 7 h4 candles over an m10 to me.
And there were many Ledges (decision points) along the way.


A common question.

Simply use your charts time zone.

5:20 + 5:20 + 5:20 = 16:00
+ 4:00 + 4:00 = 24:00

forpro_004.png
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Previous close = current open, keep those charts clean :wink:

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Re: The ideas that I trade by:

Postby MightyOne » Fri Jul 10, 2015 7:17 pm

Some people are baffled by the accuracy of my lines & assume that I must be the
God of subjectivity...let me remove your fears by explaining just how simple it
really is to draw magnetic lines :wink:

The first thing people say is that "the angles change when you compress the chart"
& to that I say that 0* is 0* on every chart; do you cry that your horizontal line has
changed its angle when you compress the chart?

"but a horizontal line is not an angle & therefore it cannot change"

Then why do you move it?

"what?"

You see, an angle is simply the movement of a horizontal line through time.

Don't tell me that you don't move your lines, I see you use the: OPENS, the HIGH, LOW, CLOSE, MIDPOINT, etc, I see you buddy!

Which of you has ever drawn a single horizontal line and left it there, fully content to never draw another?

At what speed, price over time, must price move at to close over a horizontal line?

"........"

It must move at *drum roll* 'breakout speed'.

"laugh"

There is the slow drift that we call "channel speed" and there is something faster than that that we call "breakout speed"; I am currently aware of no further distinction.

I promised to keep it easy so here is how it is done:

No matter which chart compression that you use: draw a 15* angle, find the cone, and then soften the angle to roughly the angle of the triangle it is as easy as that!

Everything else is automatic...
anyone with the most basic knowledge of Pitchforks can copy what I do to a 'T'.

So don't hate on me for being 'special', take the time to be 'special' :lol:

gbpusdm5.png
gbpusdm5.png (28.09 KiB) Viewed 395 times


PS: what happens when that yellow triangle slides down along the lower yellow line or when the
top of the triangle slides up along the lines pointing up? Do you see how triangles move? do you
see the 'sawing' motion?

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Re: The ideas that I trade by:

Postby prochargedmopar » Sat Jul 11, 2015 1:24 am

So now Ive got to find a "basics of pitchforks" ebook?

And no, I see price break out of the cone.
Sometimes going big distance sometimes not.

M5?/ M10?
Better to just look at a weekly candle. ;-)
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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 » Sat Jul 11, 2015 3:12 am

prochargedmopar wrote:So now Ive got to find a "basics of pitchforks" ebook?

And no, I see price break out of the cone.
Sometimes going big distance sometimes not.

M5?/ M10?
Better to just look at a weekly candle. ;-)


I'm just putting this out there for anyone who is interested.

It doesn't really matter to me if it becomes lost forever :wink:

BTW, you don't remember when I posted that 'cut & project' picture in your thread? :mrgreen:

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forexjpn
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Re: The ideas that I trade by:

Postby forexjpn » Sat Jul 11, 2015 9:26 am

Had a question here but deleted it because I felt I should make a stronger effort to figure it out on my own before asking questions.....
(just in case anyone read the post and was wondering where it went)

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