The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 11, 2016 5:17 pm

If you see it enough times then you will know what it looks like.

This is also a perfect example of the "not all green candles that close over something are bullish indicators" pic
that I posted.
Here you can see price "bend backwards", it cancels profit, the range is overly large...just as described in the pic
that I drew for you.

CHFJPYecnM15.png
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BDP2.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 11, 2016 7:16 pm

What is a 1-2-3? Head & Shoulders? ect?

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biggusdickus
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Re: The ideas that I trade by:

Postby biggusdickus » Thu Feb 11, 2016 8:24 pm

A-B-C Zig Zags

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 11, 2016 8:41 pm

biggusdickus wrote:A-B-C Zig Zags


All patterns are related in some way to one another.

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Re: The ideas that I trade by:

Postby Braathen » Thu Feb 11, 2016 9:39 pm

Thread title is the spoiler :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Re: The ideas that I trade by:

Postby biggusdickus » Fri Feb 12, 2016 12:33 am

NQ 03-16 (1200 Volume)  2_11_2016DR12post.jpg
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Yep- I get it- Closing above-below line- Follow bars- Not wicks etc.
But what I see in the same pattern is probably the most common market alogrythm setup there is.
The boy'z at Goldman call it the ambush trade. ( Not that I ever traded there- but know someone who did).
The pattern is objective - quantifiable and measurable. Combine it with the other things I see mentioned in your thread
( at high's and lows of the range ) and it's like $$ in the bank.

This is the same pattern from the hourly chart but executed on the smaller charts today with my live trades today.
Building my short positions.
NQ 03-16 (60 Min)  2_11_2016ambush.jpg
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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Feb 12, 2016 6:20 am

MightyOne wrote:What is a 1-2-3? Head & Shoulders? ect?

WHAT_IS_123.png


"All market reversals are dbl tops/dbl bottoms" Al Brooks
Top for example can be HH, LH, or equal (rare) high.

"There is only one Highest High or Lowest Low in a trend"
M.O.

"Little devils"...
#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 biggusdickus » Fri Feb 12, 2016 6:42 am

Good old Al- I like Mo's quotes better though..

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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 12, 2016 7:31 am

The ability to see with your own eyes & to think your own thoughts, that is what makes money.

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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 12, 2016 3:25 pm

Just an updated chart.

Lines are always horizontal or 15*.

You can draw a 15* angle as long as the chart is touching the top/bottom 10% of the page;
you can compress your chart horizontally as much as you want, the angles will still work.

Why do 15* angles work so well? They are magical! :^o

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