The ideas that I trade by:

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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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biggusdickus
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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
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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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 13, 2016 7:53 pm

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.


I have purchased a few of Raghees books in the past.
I am not her biggest fan, but she does have a lot of good things to say and I do watch her posts.

Yes, everything is related, we are all seeing the same things and describing it in a way that our own brain understands it;
all technical analysis is simply a drawing of what your brain is seeing.

That TRO fella is the foundation of everything that we show here; we don't trade channels, we trade to/from horizontal lines.

Channels are used as an indication of "overbought/oversold".

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Feb 14, 2016 6:32 am

MightyOne wrote:
I have purchased a few of Raghees books in the past.
I am not her biggest fan, but she does have a lot of good things to say and I do watch her posts.

Yes, everything is related, we are all seeing the same things and describing it in a way that our own brain understands it;
all technical analysis is simply a drawing of what your brain is seeing.

That TRO fella is the foundation of everything that we show here; we don't trade channels, we trade to/from horizontal lines.

Channels are used as an indication of "overbought/oversold".


Why not just use historical range protections?

When a crash zone is hit start looking for bodies on a smaller chart.

Horizontal to horizontal.
#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 prochargedmopar » Sun Feb 14, 2016 6:37 am

Why do I need 15 degrees when you said
"Price rarely makes it to the moon"
#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 » Sun Feb 14, 2016 9:08 am

prochargedmopar wrote:Why do I need 15 degrees when you said
"Price rarely makes it to the moon"


If you have previous experience drawing channels/forks then you will know the answer &
if you do not then there is no point in me explaining it to you.

If you cannot see it with your own eyes then it will never be of use to you.

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Re: The ideas that I trade by:

Postby v8power » Sun Feb 14, 2016 5:31 pm

My chart analysis for a longer term trade (W,M,L) for gbp/usd. Monthly chart just hit 8 year old support. Weekly chart is at the low extreme for profit taking, from past downtrend. Daily candles showing increase in momo up, also have a nice fatcat candle for support. Could have gotten in really early at 1.4180 or 1.4350. looking for weekly and monthly candle to close above 1.4800. That's just how I think I would play it off a yearly low.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Feb 14, 2016 5:48 pm

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v8power
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Re: The ideas that I trade by:

Postby v8power » Sun Feb 14, 2016 6:10 pm

Are you saying that I could have used the crash zone earlier. Or to use it with upcoming price action? Chart shows last weeks crash zones and the blue rectangles and daily+ extremes that could have been used to enter (I know you know that MO, just for anyone else reading).

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