The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 10, 2016 10:37 am

Pennants...

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Mar 10, 2016 5:28 pm

I'm guessing 15 degree angles are an estimate?

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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 10, 2016 6:52 pm

prochargedmopar wrote:I'm guessing 15 degree angles are an estimate?

AngleOfDangle.png


1) both of those angles are not 15 degrees.
2) no, one cannot know the exact angle, but 15* will always be closer to the channels speed than any other angle.

The angles stay at 15 degrees regardless of horizontal compression; the only requirement is that a chart runs from
the top to the bottom 90% of your chart at the time that they are drawn and that the chart is scale-fixed moving forward.
Last edited by MightyOne on Thu Mar 10, 2016 7:28 pm, edited 1 time in total.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 10, 2016 7:25 pm

Price fell about 62 pips in 1 minute.

If you were long then you would have loved to be trading for "Eights" because your loss was only 7.75 macros (-2.275%, using my MM).

EDIT: for some reason my math skills are not working this morning, I think that I need a coffee.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 10, 2016 8:32 pm

I think that I shall change my pennant drawing style to something like the picture below.

Ideas stand the test of time, but the application of the ideas is always based on what you are seeing.

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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Mar 10, 2016 10:04 pm

MightyOne wrote:
prochargedmopar wrote:I'm guessing 15 degree angles are an estimate?

AngleOfDangle.png


1) both of those angles are not 15 degrees.
2) no, one cannot know the exact angle, but 15* will always be closer to the channels speed than any other angle.

The angles stay at 15 degrees regardless of horizontal compression; the only requirement is that a chart runs from
the top to the bottom 90% of your chart at the time that they are drawn and that the chart is scale-fixed moving forward.


Im sure I missed it so what are you using to draw these angles correctly without holding a protractor up to my screen?
#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 PeterBerregi » Fri Mar 11, 2016 3:16 am

prochargedmopar wrote:Im sure I missed it so what are you using to draw these angles correctly without holding a protractor up to my screen?


Hi pro

I only just stumbled on this myself recently.

If you are using MT4 then it is one of the line objects: from the main menu select Insert > Lines > Trendline by Angle.

You can also customise your toolbars and add it so it is one of your icons and thus just a single click away:

1. Right click on the "Line Studies" toolbar (the one with the cursor and cross-hair icons)
2. select "Customise"
3. Drag the "Trendline by Angle" icon to the toolbar.

Up until a couple of days ago I literally used to hold a protractor to the screen! :shock:

Also in case you weren't aware, 2 other time-saving gems:

1. Once you have your angle, if you hold the "Shift" key when resizing the trendline then the angle remains "locked" in place. This works for other objects as well, though you need to play around with them a bit as different objects do slightly different things. I use it a lot for the fib object as well so I don't have to keep resetting my pips "space" when I sometimes resize it.

2. To duplicate an object, click on the object in question so the little square "highlighted" corners appear. Then whilst holding down the "Ctrl" key, click and drag the selected object to another part of the screen. How good is that?

I cannot tell you how much time I have saved since learning those two tips. I think it was MO in another thread that brouight them to my attention. Is there nothing this man cannot teach us? :mrgreen:

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Re: The ideas that I trade by:

Postby MightyOne » Fri Mar 11, 2016 3:21 am

prochargedmopar wrote:
Im sure I missed it so what are you using to draw these angles correctly without holding a protractor up to my screen?


Right-click on your toolbar, select "customize", left-click the TLBA tool, & click "insert".

Next you should cry as you watch MT4 change the angle of your lines whenever it feels like it.
To get around this, draw a regular trend-line over the TLBA and scale fix the chart.

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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Mar 11, 2016 5:57 am

PeterBerregi wrote:
prochargedmopar wrote:Im sure I missed it so what are you using to draw these angles correctly without holding a protractor up to my screen?


Hi pro

I only just stumbled on this myself recently.

If you are using MT4 then it is one of the line objects: from the main menu select Insert > Lines > Trendline by Angle.

You can also customise your toolbars and add it so it is one of your icons and thus just a single click away:

1. Right click on the "Line Studies" toolbar (the one with the cursor and cross-hair icons)
2. select "Customise"
3. Drag the "Trendline by Angle" icon to the toolbar.

Up until a couple of days ago I literally used to hold a protractor to the screen! :shock:

Also in case you weren't aware, 2 other time-saving gems:

1. Once you have your angle, if you hold the "Shift" key when resizing the trendline then the angle remains "locked" in place. This works for other objects as well, though you need to play around with them a bit as different objects do slightly different things. I use it a lot for the fib object as well so I don't have to keep resetting my pips "space" when I sometimes resize it.

2. To duplicate an object, click on the object in question so the little square "highlighted" corners appear. Then whilst holding down the "Ctrl" key, click and drag the selected object to another part of the screen. How good is that?

I cannot tell you how much time I have saved since learning those two tips. I think it was MO in another thread that brouight them to my attention. Is there nothing this man cannot teach us? :mrgreen:


Thankyou,
I knew about 1 and 2 but never dug deep enough to investigate what all was available. Years ago I moved the equidistant channel to the toolbar but that trading method didnt last long. Hahahah.
#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 » Fri Mar 11, 2016 6:58 am

Black lines are new, orange lines are old as dirt.

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