The ideas that I trade by:

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prochargedmopar
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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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MightyOne
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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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MightyOne
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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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 12, 2016 4:24 pm

Do you know how OLD these lines are? :lol:

Sometimes you don't need to draw anything more.

If you follow the blue links back as far as they go and scroll down the page then
you will understand what is going on.

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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 12, 2016 4:48 pm

How many pictures must you see before you understand the importance of spotting cones?

Can you cross the street without looking both ways? Yes.
Do you want to cross the street without looking both ways?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 13, 2016 5:56 am


.............................................................


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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 13, 2016 6:15 pm

And just for fun we will steal a chart from Raghee Horner and hit it with some 15 degree angles.

*sings* "I'll show you ma-a-gic, 15 degrees, girl you don't believe me? I'll show you tonight!" :lol:
Raghee Horner_MO_MOD.png
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These are some of the different ways that channels can be drawn.
I used "down/up only" on Raghee's chart.
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Re: The ideas that I trade by:

Postby biggusdickus » Sat Feb 13, 2016 7:22 pm

YM 03-16 (5 Min)  1_11_2016post.jpg
YM 03-16 (5 Min) 1_11_2016post.jpg (152.77 KiB) Viewed 873 times
Thanks for this, I don't know who Raghee is but I do know of that TRO fella. It looks like we arrive at the same conclusions
just a bit differently. I use that awesome TRO tool and connect the squares. I don't know if the chart engine in TS supports squaring-
I know Multi charts does not but it's like magic on ninja for me.
YM 03-16 (5 Min)  1_11_2016post.jpg
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 13, 2016 7:32 pm

If you can locate the cone then channels will draw themselves.

I developed these methods (15 degrees, "cone first", up/down, middle, bounce) so that EVERYONE
can be an expert overnight...
that we might finally focus on the important things like risk management, trading plans, and zeros.

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