The ideas that I trade by:

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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.

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#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.

Goonslinger
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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 1877 times
usdchf 1h.PNG
usdchf 1h.PNG (66.35 KiB) Viewed 1877 times
"So let it be written; so let it be done."

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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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Re: The ideas that I trade by:

Postby MightyOne » Thu Jan 28, 2016 8:06 pm

Goonslinger wrote:
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.


Trade in both directions doing something like this:
1) "enter, double, exit"
2) "enter, exit"
3) "double on entry, exit"
For your last double, position your stop loss on an H4 or daily
and take trades in only one direction.

A "risk box" works like this:
1) Select a stop location (1, 2, 3, or 4).
2) attach your risk box to a stop location
3) enter WITHIN your risk box, even at the stop itself,
using a smaller chart (your entry is the bottom of the R.B.)

for_goon.png
for_goon.png (4.62 KiB) Viewed 1806 times


Your stop loss needn't be for the sum of your space but, for the purpose
of accumulation, the sum of your space is always in play.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Feb 01, 2016 9:32 am

Had to fix a few things.
I am sure that you are already aware that it is a giant loop, you just move the decimal over.
If you reset your space on white then target white & if you reset your space on purple then target purple.

If you have no idea what "space" is then disregard this post:

Ideas_2_72.png
Ideas_2_72.png (26.06 KiB) Viewed 1292 times


Converting Space:
(What $min should be / What $min is)space = space
(.367 / .40)41 = 37.6 space
(.367 / .30)41 = 50.1 space

Regression after Gain:
(% to waypoint / set pip target)waypoint = $/pip
(.21153 / 72)1000 = 2.937
(.1108 / 48)1000 = 2.308
(.0404 / 48)1000 = 0.841
(.0200 / 48)1000 = 0.416
Last edited by MightyOne on Fri Feb 05, 2016 6:47 pm, edited 1 time in total.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 04, 2016 5:30 pm

My current "overbought"/"oversold" levels:

GBPUSDecnM15.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 05, 2016 5:11 pm

GBPUSDecnM15.png
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