The ideas that I trade by:

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forexjpn
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Re: The ideas that I trade by:

Postby forexjpn » Wed Jan 27, 2016 2:41 pm

I think this goes without saying, but nothing you post here is SPAM..... you are the heart and soul of this site. I can't put in words what you have done for all of us. I appreciate even a scoff or rant from you. I don't think I've ever communicated directly with you before, but believe me when I say that everything I've learned about trading is thanks to you. I'm so grateful that you are still here after so many years and hope someday I can invite you to Tokyo and buy you a drink or ten and shoot the s**t.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 27, 2016 3:58 pm

forexjpn wrote:I think this goes without saying, but nothing you post here is SPAM..... you are the heart and soul of this site. I can't put in words what you have done for all of us. I appreciate even a scoff or rant from you. I don't think I've ever communicated directly with you before, but believe me when I say that everything I've learned about trading is thanks to you. I'm so grateful that you are still here after so many years and hope someday I can invite you to Tokyo and buy you a drink or ten and shoot the s**t.


We are all in this together, I am inspired by everyone who posts.

Always believe in yourself even when people laugh at your ideas.

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michal.kreslik
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Re: The ideas that I trade by:

Postby michal.kreslik » Wed Jan 27, 2016 4:03 pm

MightyOne wrote:Always believe in yourself even when people laugh at your ideas.



one of my favorite quotes:

First they ignore you, then they laugh at you, then they fight you, then you win.
- Mahatma Gandhi

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 27, 2016 4:03 pm

It is hard for a pair to smack you around when you know what it is doing.

USDCHF_CONES_5.png
USDCHF_CONES_5.png (59.9 KiB) Viewed 1373 times

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 27, 2016 4:18 pm

michal.kreslik wrote:
MightyOne wrote:Always believe in yourself even when people laugh at your ideas.



one of my favorite quotes:

First they ignore you, then they laugh at you, then they fight you, then you win.
- Mahatma Gandhi


:smt023

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 27, 2016 7:23 pm

I kinda enjoy this price action more than [range expansions] :lol:

USDCHFecnM15.png
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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Jan 28, 2016 4:01 am

MightyOne wrote:I kinda enjoy this price action more than [range expansions] :lol:
/attachment]


There has to be a way to use history to predict future.
We all do the same damn thing every day.

A bunch of going nowhere but it does still break out @times.. Cones/channels make no sense.

IMG_20160127_220027.jpg
IMG_20160127_220027.jpg (143.55 KiB) Viewed 1151 times
#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 Jan 28, 2016 6:29 am

prochargedmopar wrote:
There has to be a way to use history to predict future.
We all do the same damn thing every day.

A bunch of going nowhere but it does still break out @times.. Cones/channels make no sense.


The short answer to your chart is...yes, yes I can :lol:

Can I know 90% of the time based on a single chart? The answer is no.
If I check 2 or 3 charts then I can plot my course with a high degree of accuracy.

Cones/Channels make more sense to people who have experience drawing channels, forks, triangles, & 1-2-3's.
I have had one person PM me multiple charts that I could not correct because they looked as if I drew them myself.
It must make sense somehow! :wink:

You do not need to predict the future, GO TRO, trade what you see.

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Re: The ideas that I trade by:

Postby Goonslinger » Thu Jan 28, 2016 9:24 am

MightyOne wrote: The short answer to your chart is...yes, yes I can :lol:

Can I know 90% of the time based on a single chart? The answer is no.
If I check 2 or 3 charts then I can plot my course with a high degree of accuracy.

Cones/Channels make more sense to people who have experience drawing channels, forks, triangles, & 1-2-3's.
I have had one person PM me multiple charts that I could not correct because they looked as if I drew them myself.
It must make sense somehow! :wink:

You do not need to predict the future, GO TRO, trade what you see.


Would you have been entering/exiting longs and shorts based on the cones on the 15m chart or would you have waited for a close in a particular direction on the hourly before making a decision? It seems that price is ranging and that it would therefore be best to scalp for space. Though I could easily see myself holding out in one direction in the hopes that there's a breakout.

I attached 1h and 4h charts to provide some context.
Attachments
usdchf 4h.PNG
usdchf 4h.PNG (71.96 KiB) Viewed 2098 times
usdchf 1h.PNG
usdchf 1h.PNG (66.35 KiB) Viewed 2098 times
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aldomcfaldo
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Re: The ideas that I trade by:

Postby aldomcfaldo » Thu Jan 28, 2016 11:34 am

MightyOne wrote:
Postby aldomcfaldo » Mon Jan 25, 2016 9:48 pm

I'm also reading your posts MO, planning how to manage the job, the kids and trading time. Really appreciate you sharing your ideas.

It can be done in 4 to 6 hours per day.
I see that you left out your wife, that's a big time saver right there :wink:


Hah! There will be more time and money for her once trading becomes the income provider :wink:

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