The ideas that I trade by:

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lazygeorge
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Re: The ideas that I trade by:

Postby lazygeorge » Thu Mar 03, 2016 2:33 pm

Howz it goin Mo :D

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 03, 2016 6:24 pm

lazygeorge wrote:Howz it goin Mo :D


Lazy, nice to see that you are alive and well.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 03, 2016 6:58 pm

Magic? No.
Some super special subjective analysis that cannot be duplicated? No.

Angles are 15 degrees, always.

The "law of the cone" is simple, breakouts are never part of the body of a cone.

Once you learn to see these things then there is yet on thing to master, simplicity, the
art of only drawing the lines that are relevant to the idea.
BECAUSE PEOPLE DON'T READ PREVIOUS POSTS

USDCADecnM15.png
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v8power
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Re: The ideas that I trade by:

Postby v8power » Thu Mar 03, 2016 7:25 pm

MightyOne wrote:Magic? No.
Some super special subjective analysis that cannot be duplicated? No.

Angles are 15 degrees, always.

The "law of the cone" is simple, breakouts are never part of the body of a cone.

Once you learn to see these things then there is yet on thing to master, simplicity, the
art of only drawing the lines that are relevant to the idea.
BECAUSE PEOPLE DON'T READ PREVIOUS POSTS

USDCADecnM15.png



Cones/angles/triangles are the one idea of yours i never really understood (probably cuz i never bothered to learn them). But the more i see you and Ja post pics of your charts with them on the more i want to learn them. Thank God I catorgize all my saved posts. Time to start studying and practicing.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 03, 2016 7:49 pm

Some people have always had trouble with the idea that price closes over "something":

"Price cannot rise on wicks, neither can it fall without closing lower [than "something]"

In the past I have said that "something is anything", and it is, but today we will look at the current midpoint "something".

The original quote read "Bodies show the way, wicks show not the way".
1) Body in the direction of profit
2) Wick in the direction of loss
If you have both then you have a strong indication of future direction.

The dotted black line is a failed "HORN+HEAD+HORN" pattern as "something".
These patterns are important because many traders are blindly using "trick entries".

If you want an even stronger indication of direction then ask if price is above the current
daily & weekly midpoints; each start off as the open price and are left behind as the ranges expand.

Something is anything, but if you plan how you are going to attack a chart then something is something! :mrgreen:

EURJPYecnH1.png
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Last edited by MightyOne on Fri Mar 04, 2016 2:24 am, edited 1 time in total.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 03, 2016 8:15 pm

Truth will guide you in correct thinking & correct thinking is all that you need to trade.

XAUUSDecnH4.png
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XAUUSDecnH4.png
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Last edited by MightyOne on Thu Mar 03, 2016 8:24 pm, edited 1 time in total.

lazygeorge
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Re: The ideas that I trade by:

Postby lazygeorge » Thu Mar 03, 2016 8:22 pm

MightyOne wrote:
lazygeorge wrote:Howz it goin Mo :D


Lazy, nice to see that you are alive and well.


Alive just...whats new? You still on GT?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 03, 2016 8:35 pm

lazygeorge wrote:
MightyOne wrote:
lazygeorge wrote:Howz it goin Mo :D


Lazy, nice to see that you are alive and well.


Alive just...whats new? You still on GT?


I do not have time to respond to e-mail or talk on GT unless, of course, you are TheRumpledOne.

I have many things that I am studying: learning to write code, foreign languages, ideas, second look at Binary Options(now that they
are offering more strikes), etc.

lazygeorge
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Re: The ideas that I trade by:

Postby lazygeorge » Thu Mar 03, 2016 8:45 pm

MightyOne wrote:
lazygeorge wrote:
MightyOne wrote:
Lazy, nice to see that you are alive and well.


Sad to hear you don't wanna chat but happy that your keeping busy.

As you know I am left with very limited vision, what can I trade that requires the least amount of screen time?

Alive just...whats new? You still on GT?


I do not have time to respond to e-mail or talk on GT unless, of course, you are TheRumpledOne.

I have many things that I am studying: learning to write code, foreign languages, ideas, second look at Binary Options(now that they
are offering more strikes), etc.

v8power
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Re: The ideas that I trade by:

Postby v8power » Thu Mar 03, 2016 10:11 pm

MO has given us all the tools/ideas/knowledge that we could need to be profitable. Here is a daily chart of E/U. The dotted yellow lines are weekly zlines. At the top of the chart you have price hit a weekly zline, daily candles form a HHH and you and you have a daily candle close lower then something and increased momo. Red x's mark daily candles that did not close higher then an extreme. Blue box's are just mz of momo's. Finally price had retraced all the way back down to another weekly (and daily) zline, also reaching the crash zone for the week, giving a perfect chance to look for a possible buy. Which went right back up to the other end of the crash zone and a mz (also the weekly high and a breakout).

Depending on how the daily candle closes and PA for tomorrow, you have a perfect setup to short back down or to trade long with momo.

Image

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