The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5977
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Sun Feb 14, 2016 9:34 pm

v8power wrote: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).


In the picture I was suggesting a plan of attack to enter on a smaller chart (15?) within the Buy-zone, exit/reverse from the CZ, re-enter/reverse using small chart after the break-in...which no doubt crashed into a zone that was projected down from the high.

Do not think to trade patterns/levels directly, but use them to form a plan of attack on the fly using the ideas of Space.
It is often the case that I hold my first thoughts in my head as I trade the short term & then revert back to my original thoughts.
For instance, you might have a pattern on a daily chart. Short-term price is all over the place, but longer term your thoughts are
of an expansion in one direction or the other.

I never say to myself "if this happens then I am going to do that"; I treat every situation as unique.

The 3-2-1 is what I call the "Modified Buzzard" & it is simple 3 body sizes that are either consecutively larger or smaller.
I look for the string of candles to also be the same color, but if the body is small (doji/hanging man/hammer/etc) then it can be either color.

When price nears a level, that traders are mindful of, the bodies tend to shrink.
Price will either move slowly and then race to a level or move quickly and then "stall".

for_v8power2.png
for_v8power2.png (6.67 KiB) Viewed 948 times


A final push after "shrinkage" is also common.
for_v8power3.png
for_v8power3.png (18.74 KiB) Viewed 948 times


Small patterns, like these & "Little Devils", are more powerful on larger charts like H1+

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

v8power
rank: 1000+ posts
rank: 1000+ posts
Posts: 1087
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 231
Gender: None specified

Re: The ideas that I trade by:

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

Oh yea, I always fine tune my entry off of 5-15min tmf. Yea last week on G/U you could easily have riden price up to the crash zone, down and back up again. I just happened to reread the blind mouse thread this weekend so I was looking at that plus some of your other ideas for trying to catch the yearly extreme.

Here is another that I mocked up really quick. Its eur/aud. On the daily you have a double failure set-up. On the weekly you have a fatcat resistance line at 1.5700 that also crosses right through a down momo. And the same line 1.5700 also crosses right through a down momo on the monthly. These are just my bastardise versions of your ideas. They kind of just stood out to me, so I figured I would post them. I also love using the crash zone, daily+extremes and zlines/momo.

Image
Image
Image

v8power
rank: 1000+ posts
rank: 1000+ posts
Posts: 1087
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 231
Gender: None specified

Re: The ideas that I trade by:

Postby v8power » Sun Feb 14, 2016 10:35 pm

Here was a real easy way to trade the G/U last week. Wait for price to reach the crash zone then use a rat trade within 20 pips of the daily extreme and enter. Hold until you hit the opposite zone and exit. Wait for your next setup and trade back. You could have done it three time for 500+pips. Just exactly what you have been saying all along. All trades taken at daily+extremes with the sl outside of the 2day high or low. But that's just how I would use MO's ideas and lessons. Not saying there right at all.

Image

v8power
rank: 1000+ posts
rank: 1000+ posts
Posts: 1087
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 231
Gender: None specified

Re: The ideas that I trade by:

Postby v8power » Sun Feb 14, 2016 10:45 pm

Also thank you MO for adding shrinkage and 3-2-1 to my knowledge. I love when you just mention simple ideas or knowledge in your posts. Its taking those pieces and adding them to everything else that just makes trading that much easier. What is a "little devil"?

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5977
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Sun Feb 14, 2016 11:06 pm

v8power wrote:Also thank you MO for adding shrinkage and 3-2-1 to my knowledge. I love when you just mention simple ideas or knowledge in your posts. Its taking those pieces and adding them to everything else that just makes trading that much easier. What is a "little devil"?


This is a "Little Devil".

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

v8power
rank: 1000+ posts
rank: 1000+ posts
Posts: 1087
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 231
Gender: None specified

Re: The ideas that I trade by:

Postby v8power » Sun Feb 14, 2016 11:35 pm

Alright you got me stumped. Im sure what I see isn't even remotely close to what your trying to show me. But I see 2 candles with higher/lower extremes (horn)then a candle in the middle (head). Then it looks like you have a angled line running from the 1st extreme. I attached a chart to try and show you what I am seeing. Red arrow up is horn, red x is the head. Try not to laugh to hard at my explanation.


Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5977
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Mon Feb 15, 2016 1:28 am

for_v8power4.png
for_v8power4.png (8.54 KiB) Viewed 936 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5977
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Mon Feb 15, 2016 1:32 am

v8power wrote:
...
I just happened to reread the blind mouse thread this weekend so I was looking at that plus some of your other ideas for trying to catch the yearly extreme.
...


I have found better ways since then, a multipronged approach that targets smaller waypoints.

Using the current 21.153% waypoints:

Always look to double a $minimum size entry (anything doubled can be halved).

If $min & no double, liquidate in profit.
$min times 2, 4, or 8 for up to 55 pips: liquidate at any price <55 pips, if 55 (+4, 8, or 16%) then reduce size by 50% & see what more
I can get. Any pips above 55 may be used to add another pair.

Revert to $min for hundreds of pips (+21.153%) if I hold a stop from a monthly extreme or breakout
(a small price to pay for the possibility of an effortless waypoint).

I make no claim that this is the best way, it is just my way.

v8power
rank: 1000+ posts
rank: 1000+ posts
Posts: 1087
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 231
Gender: None specified

Re: The ideas that I trade by:

Postby v8power » Mon Feb 15, 2016 2:06 am



Ok now I see a double failure. But you have your line connected from the 1st horn, to the head. Which runs through the 2nd horn. I feel like you presented it to me in a line chart for a reason, but I am not sure. I feel like the 3rd horn is key. That it possibly could give you a false breakout signal, but you then know not to take it.

Yes I know you always have some fancy(good) MM and that is still on my to do list. While I don't do anything like you currently, I still start with 0.5% risk and gain profit cushion. I also break up my entries and do simple add on, like a rat trade with momo.

Saw you have dropped about 40 pds. Congrats and you did it with a keto. Whether it was a true keto or not that is awesome. But let me give you some MO advice for the weight loss. If you think you have 10 pds more to go, aim for 20. Everyone always underestimates their bodyfat. Also hold that weight for as long as you can (at least a few months). If not, once you start eating normal again you will put the weight right back on. At the end of Feb, I start my 6 month diet. I should lose 3-4 pds of fat a week, while gaining 1-2pds of muscle each week.

Here is a pic of me squatting 585 pds
Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5977
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Mon Feb 15, 2016 2:40 am

...I feel like you presented it to me in a line chart for a reason, but I am not sure...


I think half as much as people think I do :lol:

If this thread were "the rules I live by" then you would expect detailed lists, but because this thread is "the ideas I trade by"
you need only look at the picture and let an idea grow within yourself.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”