The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Mar 16, 2016 6:04 pm

SURPRISE! :-$ :smt006

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MightyOne
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Re: Re:

Postby MightyOne » Wed Mar 16, 2016 6:09 pm

thepark wrote:
MightyOne wrote:You either see it or you don't.

I don't know what else to tell you.


AUDJPYecnM15.png


What do the W, B and eights mean?
And the red,orange, blue lines on the H8 chart?

Also do you trade a cone like u trade a channel? For example buy from a widening bottom to a widening top.
I know pennant is good for a breakout set up.

Thanks.


B: Body in the direction of profit.
W: Wick in the direction of loss.

"...And the red, orange, blue lines on H8 chart"

A cone is used, by me, as an overbought/oversold indicator.
I trade away from the current breakout &/or midpoint.

An "Eight" is a macro-pip sized to the Eight.
If you would scalp pips at $20/pip on a small chart then you would scalp larger charts (or simply reduce volatility) at $20/Eight($2.50/pip) or $20/Sixty-four($.3125/pip).

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Mar 16, 2016 6:22 pm

What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer :lol:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Mar 16, 2016 6:33 pm

Rangoban wrote:Please never go :shock:
Do you want some entertainment on Kreslik? What kind of entertainment do you prefer? :?

And to add some useful, here is a chart:


Take notes, keep a journal, learn to do one thing better each week.

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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Mar 17, 2016 5:01 am

MightyOne wrote:What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer :lol:

XAUUSDecnM15.png


So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.
#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 MightyOne » Thu Mar 17, 2016 8:43 am

prochargedmopar wrote:
MightyOne wrote:What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer :lol:

XAUUSDecnM15.png


So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.


I only know the name Rob Booker, but based on what you are saying he sounds like a smart man :wink:

Everyone out of the pages of the Market Wizards to the fund managers to the guys selling expensive courses say the same thing but somehow you know something different; that's ok PRO, if you know different then do it different :lol:

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Re: The ideas that I trade by:

Postby Braathen » Thu Mar 17, 2016 2:21 pm

MightyOne wrote:
Braathen wrote:so both those lines are drawn as medians?


If we are talking about the angles, the cone lines can be the high, low, or middle of a pitchfork; but you don't always need that much information, here we can see what is high and what is low by simply looking at the cone.


Yes i mean the angles :D

Like this where i built the pitchforks at the extreme and then traded them. I like the way you say its like an overbought/sold indicator :mrgreen:
The thick lines are the "cone".

Image

Ill be looking into the eights. Looks interresting.
And thanks for the heads up on gold 8)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Re: The ideas that I trade by:

Postby v8power » Thu Mar 17, 2016 2:40 pm

MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:What is the difference between micro-pips and macro-pips? You can recover from losing macro-pips.

How difficult would it be to make 24 pips and cancel out this trade if it were a loss?
But how easy is it to cancel out a 192 pip loss?
EDIT: just in case you are confused, the difference between 192 pips and 24 Eights is the IMPACT to your account.

Now when people ask you why you do weird things you can give them an answer :lol:

XAUUSDecnM15.png


So what your saying is the same thing rob booker is saying.

Use small lot size, each trade is a project.
Cant make any money that way.
At least my small lots have stayed small and so has my acct.


I only know the name Rob Booker, but based on what you are saying he sounds like a smart man :wink:

Everyone out of the pages of the Market Wizards to the fund managers to the guys selling expensive courses say the same thing but somehow you know something different; that's ok PRO, if you know different then do it different :lol:


Funny how those that arent profitable always know different

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Re: The ideas that I trade by:

Postby v8power » Thu Mar 17, 2016 3:30 pm

Braathen wrote:
MightyOne wrote:
Braathen wrote:so both those lines are drawn as medians?


If we are talking about the angles, the cone lines can be the high, low, or middle of a pitchfork; but you don't always need that much information, here we can see what is high and what is low by simply looking at the cone.


Yes i mean the angles :D

Like this where i built the pitchforks at the extreme and then traded them. I like the way you say its like an 8overbought/sold indicator :mrgreen:
The thick lines are the "cone".

Image

Ill be looking into the eights. Looks interresting.
And thanks for the heads up on gold 8)


Anyone notice a theme of the profitable traders on this site. They listen to those who know something they dont. They study and learn what they are told. And they learn by doing over and over again until they are profitable. Look at dragon, espip, jala, capt p., tro, braathen, MO (sorry if I didnt mention you, those just popped in my head).

All those traders trade differently. All are profitable. All have put considerable amount of time into learning/mastering what they do. Losing traders share the same qualities. Excuses and a belief they know better then those who win and a unwillingness to change.

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Re: The ideas that I trade by:

Postby jrtrading » Thu Mar 17, 2016 4:01 pm

v8power wrote:
Anyone notice a theme of the profitable traders on this site. They listen to those who know something they dont. They study and learn what they are told. And they learn by doing over and over again until they are profitable. Look at dragon, espip, jala, capt p., tro, braathen, MO (sorry if I didnt mention you, those just popped in my head).

All those traders trade differently. All are profitable. All have put considerable amount of time into learning/mastering what they do. Losing traders share the same qualities. Excuses and a belief they know better then those who win and a unwillingness to change.


That's the truth right there, albeit difficult to admit.

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