The ideas that I trade by:

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v8power
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Re: The ideas that I trade by:

Postby v8power » Thu Feb 18, 2016 6:26 am

Haha. I dont think you will ever get out.

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biggusdickus
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Re: The ideas that I trade by:

Postby biggusdickus » Thu Feb 18, 2016 6:55 am

MightyOne wrote:
biggusdickus wrote:I am interested in how you formed your beliefs? Did you you develop your ideas through your own intuition,
or did you pick up pieces from others and adopt some for your own? Once you formulate an idea do you have
a process to make it a belief? Specifically, can you share how you came up with the 15 degree thought process?


What is a triangle in its most basic form? A double hook.
What is the 2nd hook? A breakout.
A breakout of what? If a triangle is congestion then it must be a channel or rather two channels that are in disagreement.
If a breakout then it must not be part of the channel itself & this means that I should cut through breakouts to draw channels.

Previous journaling revealed that angles could be reused as channels run at roughly the same angles on any given chart;
this eventually led to homing in on the 15 degree angle as the defacto "channel speed".

Next I simply go back through the logic and look for ideas within ideas and create new journal entries.


Nice,
So basically thought guides you to your beliefs, and if I had to guess you approach a problem with the idea that an
answer is contained somewhere within the defined problem - I would assume then break the problem down to find the common
answers to build on. Each step of the way builds upon another until you build an unshakable belief you can then act upon.
Because you did the work You know it works for you. =D>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 18, 2016 7:05 pm

What are traders doing wrong?

They are not thinking about what they are doing, they are chart-blind.

"I do it exactly as it says to do in the book, I don't know what I am doing wrong..." :lol:

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Trying to make sense of it all

Postby Jalarupa » Fri Feb 19, 2016 4:18 am

Hey everyone,

If you don't mind I'll join in on the convo here? I have missed a lot due to loving trappings of my 6 month old son and my 4 year old daughter who have just demanded all of my time...

So please excuse me if a lot of what has evolved on here the past 6 months is lost on me...

I meditated on your image above and more so your statement that traders are not thinking about what they are doing... Chart Blindness"

Image

So above I circled a your new chart pattern as well as whee I could see those patterns failed...

I then noticed the inverse of this new LDev pattern is a FatCat and the FatCat seems to me still the ultimate reversal pattern...

And if the FatCat gets broken or reversal stopped then it becomes a Zline...

In terms of future PA on this pair, I see the possibility of a Larger LDev or the Reversal FatCat... although this could also meet a LDev Pattern before and "upset" the uptrend...

Image

Here I overlay the only thing that makes sense to me in this trading life ;)
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

v8power
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Re: The ideas that I trade by:

Postby v8power » Fri Feb 19, 2016 4:38 am

Hey Jal, its good to see you posting again and congrats on the kids.

MO starts talking about double failures on pg 170 if you hadn't read it yet. I love looking for them on the higher tmf, DWM.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 19, 2016 4:54 am

As soon as Jala posted those pics I remembered this post.

Plans can and do break but it is not necessarily a bad thing; instead of that 2nd failure you get a close [higher] & now you have a body in the direction of profit & your new plan is to trade in the direction of profit:
Having traded monthly/quarterly/yearly extremes, I recommend that your largest period does not exceed 2 weeks :lol:

The thread is called 'the Ideas that trade by' and not 'the rules that I live by' because profit is found in a thinking mind.

If you come to this thread with pen and paper in hand then you will fail to find the beauty that exists within yourself.


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v8power
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Re: The ideas that I trade by:

Postby v8power » Fri Feb 19, 2016 5:02 am

Haha. Exactly why these are "ideas you trade by" and not a mechanical system.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 19, 2016 5:09 am

Forget everything that I have said.

I know that you cannot forget, but shove it to the back of your mind and just look at the chart.

What is your brain telling you?

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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 19, 2016 5:11 am

v8power wrote:Haha. Exactly why these are "ideas you trade by" and not a mechanical system.


When you are trading larger patterns from small charts you can easily switch directions.

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Re: The ideas that I trade by:

Postby v8power » Fri Feb 19, 2016 5:15 am

If i just look at it from a blank mind i would say price is headed down.

Also i see your reverse buzzard pattern or shrinkage marked with the 3,2,1. Also i see a double failure. But thats not what you asked.

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