The ideas that I trade by:

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MightyOne
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Postby MightyOne » Thu Sep 13, 2012 5:05 pm

I don't "KNOW" which way price is going to go; I position myself on long term pointy places and wait.

Yes, if price is closing higher it is probably not going lower.

Yes, if you are offered 50 pips in 2 minutes you should probably take it ;)

It is just Space Wars mixed with a basic understanding of how to get the job done.

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Postby MightyOne » Thu Sep 13, 2012 5:23 pm

Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...


Large charts are by far the easiest to trade; if you look at the EU weekly chart, a long trade has been a cake walk!

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.

Neo88
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Postby Neo88 » Thu Sep 13, 2012 5:58 pm

MightyOne wrote:I don't "KNOW" which way price is going to go; I position myself on long term pointy places and wait.


I should have said an edge that gives me an idea of where price could go; though I still never sure of anything
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore

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Postby Neo88 » Thu Sep 13, 2012 6:00 pm

I hate uncertainty :)
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MightyOne
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Postby MightyOne » Thu Sep 13, 2012 6:01 pm

Neo88 wrote:I hate uncertainty :)


That is sad because uncertainty is how you get paid :shock: :lol:

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Postby Neo88 » Thu Sep 13, 2012 6:09 pm

I guess then I have to work more on thinking in probabilities and managing sapce
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Postby Neo88 » Thu Sep 13, 2012 6:22 pm

MightyOne wrote:
Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...


Large charts are by far the easiest to trade; if you look at the EU weekly chart, a long trade has been a cake walk!

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.


I have to ask did you have a position prior to the close of that weekly candle in chart; where approximately ? (guessing 2010 or 2005 lows)

Image
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore

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MightyOne
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Postby MightyOne » Fri Sep 14, 2012 12:23 pm

Pretty cool stuff this move in the Euro:

Image

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Postby Braathen » Fri Sep 14, 2012 12:43 pm

Yeah its pretty nice action.

I managed to get 4/6 yesterday at 1.2879 (came right back at
my space and the 1.2875)
I closed this out just before the 1.3000 and was looking for an entry
this morning (EU time) but after having no patience yesterday i thought id have some today and wait for something i liked..
hehe.. just watched it go up :D ahh well.. an amazing week for me non the less.

Cheers MO
Last edited by Braathen on Fri Sep 14, 2012 12:45 pm, edited 1 time in total.
"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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MightyOne
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Postby MightyOne » Fri Sep 14, 2012 12:44 pm

Neo88 wrote:
MightyOne wrote:
Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...


Large charts are by far the easiest to trade; if you look at the EU weekly chart, a long trade has been a cake walk!

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.


I have to ask did you have a position prior to the close of that weekly candle in chart; where approximately ? (guessing 2010 or 2005 lows)

Image


According to the news, the downside target was 1.2000.

My first thought was whether the EU would continue to fall past
1.2000 and that seemed pretty ridiculous to me.

The idea then was to trade long off of 1.2000 or 1.2250 long term.

I was hoping for a better retrace on the weekly as that would have helped
get the lot count up but this move is ok with me :wink:

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