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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.
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"?
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".
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.
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.
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
...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
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.
Ah damnit MO, I knew you were going to say that. Haha. Alright tho. Any hints or ideas to expand on it. I learn best by actually seeing it happen on charts. I was the type of kid you told the stove was hot, but I still touched it to see.
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If someone is interesting I attached modification.
You need have http://www.mt4gui.com/ installed before using it.
EDIT: Removed some code which clear all object.
- (9.38 KiB) Downloaded 42 times
Last edited by salezyakuku on Mon Feb 15, 2016 11:35 am, edited 1 time in total.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"