The ideas that I trade by:

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TygerKrane
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Re: The ideas that I trade by:

Postby TygerKrane » Sat Dec 12, 2015 8:36 pm

MightyOne wrote:Cones will help you answer the question of whether to trade the Rat Zone or the Wick Zone.

What do you see?


Not that I'm into trading Coneheads or TV Channels or anything, but what I FINALLY can see is:

If the cones⇉channels from the previous day intersect through the current day's DAILY WICK ZONE, then you might consider the Rat Zone Trade (i.e. within 20 pips of the extreme, trading into the current Daily candle's body).

Otherwise, you would just consider the DAILY WICK ZONE trade concept.


(I wasn't really trying to understand this pic, but still it bugged me what a possible answer could be...took a lot of looking, re-looking and sleeping on, lol.)

**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 TygerKrane » Sat Dec 12, 2015 9:50 pm

https://www.kreslik.com/forums/post84495#p84495
prochargedmopar wrote:Analytical knowledge is one thing.
Spiritual knowledge deep within my bones is another.

Additionally,
https://www.kreslik.com/forums/post5568 ... tra#p55688 «Mon May 30, 2011»
prochargedmopar wrote:THE MONEY MANTRA!!!

"Money is something that happens to people who do the right things irrespective of short term results". MightyOne

That is to say,
https://www.kreslik.com/forums/post6428 ... ive#p64289 «Thu Aug 16, 2012»
TygerKrane wrote:You need the ability to trade your plan through the difficult times; this is facilitated by a belief in your trading plan.

As MighyOne once said,
    "Money is something that happens to people who do the right things irrespective of short term results."

You can do the right things irrespective of short term results when you have a core philosophy deep in your mind; when you TRULY believe in your core philosophy, (you can accept losses, b/c you KNOW you are doing the right thing), you can follow your rules systematically, and allow them (read: WAIT for them) to lead you into the opportunities to participate in the market profitably.


[[1½ years later...]]
https://www.kreslik.com/forums/post7573 ... ive#p75735 «Wed Jan 15, 2014»
TygerKrane wrote:As I said, I re-read all of my Trader Psychology and mindset notes before I got back into trading...out of everything I read, this is what was echoing through my head the most throughout my first day back:

Money is something that happens to people who do the right things irrespective of Short term results.

☞☞☞ I can get consistent results if I understand that technical methods are NOT designed to tell me what's going to happen NEXT on a *Trade-by-trade* basis. Just to understand that technical methods & patterns are designed to put the odds of success in my favor over a series of trades. ☜☜☜

I'm just trying to get to the point where I can Follow My Rules of Engagement, EVERY TIME, with minimal effort and minimal struggle.
I am looking for when I can recognize my pattern and put on my trade without the slightest bit of hesitation or conflict, with zero emotional discomfort; b/c then I will know that I've accepted the risks and fully believe that my success comes from my pattern playing out over a *series* of trades.

...{cont}



And, I would add:

    "The PATIENCE to carry out, A lot of Short Term commitments to a Longer Term goal."

**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 dojirock » Sat Dec 12, 2015 10:53 pm

Out of fear of frustrating the bunch of ya... I wont even say " I still dont get it"

oh wait.... I think i just did say that... lol :)

I have some kind of scalpers, stacking mind block.

Merry Christmas to you all!

Hope your 2016 is twice a good as your 2015.

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: The ideas that I trade by:

Postby MightyOne » Sun Dec 13, 2015 5:10 am

TO "BIG PIPS"

TO "21.153%"

TO "+ZERO"

It is a path, there is nothing to "get".

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Dec 13, 2015 6:18 pm

aliassmith wrote:
prochargedmopar wrote:
seacap wrote:Just my 2 cents..



NewExtreme.png


How would that be trading with profit of high timeframe?
I think MO showed a chart a few posts back.



Coming back to this same question a few days later..

I posted a pic showing 2+ day extremes and price rejection from it. (Wicks/tails)

By droping to an m5/m15 chart and trading momentum away from the extreme I would then be trading in the direction of profit.
#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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Re: The ideas that I trade by:

Postby MightyOne » Sun Dec 13, 2015 9:01 pm

Coming back to this same question a few days later..

I posted a pic showing 2+ day extremes and price rejection from it. (Wicks/tails)

By droping to an m5/m15 chart and trading momentum away from the extreme I would then be trading in the direction of profit.


Pips "do not matter", P%PS matter.

"P%PS" are "big pips", a predetermined number of which amount to a %target (88).

+08 pips at 1u: +1.0 P%PS
+16 pips at 2u: +4.0 P%PS
+32 pips at 4u: +16 P%PS
+67 pips at 8u: +67 P%PS
--------------------------
+123 pips: +88 P%PS (+21.2%)

Accumulation is going to feel like day trading, because it is.

Once you reach 8 units you are going to need ~67 P%PS, if you use the RAT trade to enter
then you are going to need a daily range expansion of 87 pips.

Please open your daily chart now and measure 87 pips from different daily extremes; this is
all that you are doing at 8u, trading from a large TF SL for your remaining P%PS.

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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 14, 2015 12:04 am

Should you hold for multiple targets?

01) +88
02) +106.61 = 194.61
03) +129.16 = 323.77
04) +156.48 = 480.25
05) +189.59 = 669.84
06) +229.69 = 899.53
07) +278.28 = 1,177.81
08) +337.14 = 1,514.95
09) +408.46 = 1,923.41
10) +494.86 = 2,418.27
11) +599.54 = 3,017.81
12) +726.37 = 3,744.18

It's up to you. :lol:
Just be sure to lock in a few waypoints along the way.

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Re: The ideas that I trade by:

Postby prochargedmopar » Mon Dec 14, 2015 7:08 pm

MightyOne wrote:Should you hold for multiple targets?

01) +88
02) +106.61 = 194.61
03) +129.16 = 323.77
04) +156.48 = 480.25
05) +189.59 = 669.84
06) +229.69 = 899.53
07) +278.28 = 1,177.81
08) +337.14 = 1,514.95
09) +408.46 = 1,923.41
10) +494.86 = 2,418.27
11) +599.54 = 3,017.81
12) +726.37 = 3,744.18

It's up to you. :lol:
Just be sure to lock in a few waypoints along the way.



Holy smokes.
All these #'s are a bumch of gobble de gook to me.
If Im able to make 88 pips none of this matters.
Simple as increasing or decreasing lot size according to how much held over OPM I have aquired on the last 88 pip move.



Without pips you cant increase lot size.
Huge lot size and no pips doesnt help.
The only thing that matters is pips.
It is the basis and starting point of all acquired riches.

So tell me again.

How do I get to use huge lot size on my $400 account without making pips???
Just curious. ;)
#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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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 15, 2015 3:59 am

prochargedmopar wrote:
MightyOne wrote:Should you hold for multiple targets?

01) +88
02) +106.61 = 194.61
03) +129.16 = 323.77
04) +156.48 = 480.25
05) +189.59 = 669.84
06) +229.69 = 899.53
07) +278.28 = 1,177.81
08) +337.14 = 1,514.95
09) +408.46 = 1,923.41
10) +494.86 = 2,418.27
11) +599.54 = 3,017.81
12) +726.37 = 3,744.18

It's up to you. :lol:
Just be sure to lock in a few waypoints along the way.



Holy smokes.
All these #'s are a bumch of gobble de gook to me.
If Im able to make 88 pips none of this matters.
Simple as increasing or decreasing lot size according to how much held over OPM I have aquired on the last 88 pip move.



Without pips you cant increase lot size.
Huge lot size and no pips doesnt help.
The only thing that matters is pips.
It is the basis and starting point of all acquired riches.

So tell me again.

How do I get to use huge lot size on my $400 account without making pips???
Just curious. ;)


McDonalds burgers are so small, yet they taste sooo good ;)

Anyways...

The numbers are simply the number of 'big pips' to a %target; the first target is 88 pips, the second is
106.6 pips further away (if you don't resize your $min), and the total of 88 & 106.6 is 194.6...please
tell me that you understand :wink:

Pips 'do not matter'... as my father always used to say:
"I am not $100 a day poor, I am $1000 a day poor; $100 isn't going to help me today & it sure as s**t is
not going to help me tomorrow".

There are 704 pips, at 1 unit, to a %target; any pips that you gain prior to 8 units is of little help, it is all
risk reduction / shts and giggles.

How many 'big pips' are there to a %target & how many 'big pips' have you made?
30 of 704 'does not matter' where as 30 of 88 is definitely progress.

When playing football, mm don't help us, we only care about yardage...do you get what I am saying? :lol:

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Re: The ideas that I trade by:

Postby aliassmith » Tue Dec 15, 2015 6:13 am

MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:Should you hold for multiple targets?

01) +88
02) +106.61 = 194.61
03) +129.16 = 323.77
04) +156.48 = 480.25
05) +189.59 = 669.84
06) +229.69 = 899.53
07) +278.28 = 1,177.81
08) +337.14 = 1,514.95
09) +408.46 = 1,923.41
10) +494.86 = 2,418.27
11) +599.54 = 3,017.81
12) +726.37 = 3,744.18

It's up to you. :lol:
Just be sure to lock in a few waypoints along the way.



Holy smokes.
All these #'s are a bumch of gobble de gook to me.
If Im able to make 88 pips none of this matters.
Simple as increasing or decreasing lot size according to how much held over OPM I have aquired on the last 88 pip move.



Without pips you cant increase lot size.
Huge lot size and no pips doesnt help.
The only thing that matters is pips.
It is the basis and starting point of all acquired riches.

So tell me again.

How do I get to use huge lot size on my $400 account without making pips???
Just curious. ;)


McDonalds burgers are so small, yet they taste sooo good ;)

Anyways...

The numbers are simply the number of 'big pips' to a %target; the first target is 88 pips, the second is
106.6 pips further away (if you don't resize your $min), and the total of 88 & 106.6 is 194.6...please
tell me that you understand :wink:

Pips 'do not matter'... as my father always used to say:
"I am not $100 a day poor, I am $1000 a day poor; $100 isn't going to help me today & it sure as s**t is
not going to help me tomorrow".

There are 704 pips, at 1 unit, to a %target; any pips that you gain prior to 8 units is of little help, it is all
risk reduction / shts and giggles.

How many 'big pips' are there to a %target & how many 'big pips' have you made?
30 of 704 'does not matter' where as 30 of 88 is definitely progress.

When playing football, mm don't help us, we only care about yardage...do you get what I am saying? :lol:


In football we only care about points. Yardage just happens on the way to those points.

In trading we only care about the $$$$. Pips just happen on the way.
Trade Your Way as Long as It Makes Money!

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