The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Oct 03, 2015 10:27 am

Technical analysis is an observation, not a "law" or secret knowledge.

If you see something different then do something different, but trade what you see.

As the Mormons are so fond of saying, "nobody always or nevers".



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Oct 03, 2015 2:14 pm

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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Sat Oct 03, 2015 3:42 pm

Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.

Edit: This was a comment to the previous chart of GBP/USD, but also a general question.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Oct 03, 2015 4:50 pm

jrtrading wrote:Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.

Edit: This was a comment to the previous chart of GBP/USD, but also a general question.


If price is volatile, range bound, and trendy then yeah.

If price is moving sideways on a small chart then you will want to go higher; sometimes
I have to move off of the M5 to an M15 chart & move my M30 to H1.

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Re: The ideas that I trade by:

Postby jrtrading » Sat Oct 03, 2015 5:06 pm

MightyOne wrote:
jrtrading wrote:Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.

Edit: This was a comment to the previous chart of GBP/USD, but also a general question.


If price is volatile, range bound, and trendy then yeah.

If price is moving sideways on a small chart then you will want to go higher; sometimes
I have to move off of the M5 to an M15 chart & move my M30 to H1.


Thanks!
Before when I was trading options on stocks I always wanted a bull market because everything - chart reading etc. becomes easier, not realizing that there are miniature bull/bear markets from the extremes almost every day..

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Oct 04, 2015 3:02 am

When support is perfect, AND BREAKS, double my lot size.
Epic.

Sure wish we could like or upvote posts on kreslik.
#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 » Sun Oct 04, 2015 9:25 am

prochargedmopar wrote:When support is perfect, AND BREAKS, double my lot size.
Epic.

Sure wish we could like or upvote posts on kreslik.


I never said that :lol:

Ideas & action, not rules & confirmation.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Oct 04, 2015 10:36 am

They do this to traders all day long & people are none the wiser:

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Re: The ideas that I trade by:

Postby jrtrading » Sun Oct 04, 2015 11:57 am

MightyOne wrote:They do this to traders all day long & people are none the wiser:


How early could one have known that the support would be false?
From what I can see it is only at the last circle.


Edit: Sorry, meant the last support where you drew the descending line.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Oct 04, 2015 1:56 pm

If you can see loss then you can see profit. -MO


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