The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Mar 18, 2016 5:50 pm

Watching charts, posting, & eating breakfast...and somehow PRO thinks that I have time to exercise :lol:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Mar 18, 2016 6:15 pm

Psalm 64:5

They encourage themselves in an evil matter:
they commune of laying snares privily;
they say, Who shall see them?


Oh, let us see all of the snares of the fowler [-o<

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Mar 18, 2016 6:21 pm

MightyOne wrote:Watching charts, posting, & eating breakfast...and somehow PRO thinks that I have time to exercise :lol:


There is plenty of time to exercise.
Just be sure not to grease your shorts after eating all that fat.

I finished the lateral lines for the septic yesterday and now working on building a Gaga pit today:
It's for my daughters 15th B-day party.

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p.s.
Training can be something as simple as racket ball, gaga (dodge) ball, or even tether ball is a kicker with someone close to your own skill level.
#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 18, 2016 7:07 pm

Ok, last chart for the day.

I deleted all of the lines that I no longer care about.

XAUUSDecnM1.png
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thepark
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Re: The ideas that I trade by:

Postby thepark » Sat Mar 19, 2016 3:50 am

MightyOne wrote:There is something about triangles that makes you fall in love with them :D

XAUUSDecnM1.png



I understand the rationale for drawing the very first small pennant because the price action fits , but afterwards are you just moving the pennant lines down and using those lines as "something", for body in the direction of profit and wick in direction of loss?

thanks.

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Re: The ideas that I trade by:

Postby MightyOne » Sat Mar 19, 2016 7:05 am

thepark wrote:
MightyOne wrote:There is something about triangles that makes you fall in love with them :D

XAUUSDecnM1.png



I understand the rationale for drawing the very first small pennant because the price action fits , but afterwards are you just moving the pennant lines down and using those lines as "something", for body in the direction of profit and wick in direction of loss?

thanks.


Notice that I stopped widening the triangle where I could have reasonably drew a large pennant.

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Re: The ideas that I trade by:

Postby thepark » Sat Mar 19, 2016 7:23 am

MightyOne wrote:
thepark wrote:
MightyOne wrote:There is something about triangles that makes you fall in love with them :D

XAUUSDecnM1.png



I understand the rationale for drawing the very first small pennant because the price action fits , but afterwards are you just moving the pennant lines down and using those lines as "something", for body in the direction of profit and wick in direction of loss?

thanks.


Notice that I stopped widening the triangle where I could have reasonably drew a large pennant.


It is widened? or are you stating it wasnt widened anymore than the line that goes through 1264.30?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Mar 19, 2016 8:01 am

thepark wrote:
MightyOne wrote:
thepark wrote:

I understand the rationale for drawing the very first small pennant because the price action fits , but afterwards are you just moving the pennant lines down and using those lines as "something", for body in the direction of profit and wick in direction of loss?

thanks.


Notice that I stopped widening the triangle where I could have reasonably drew a large pennant.


It is widened? or are you stating it wasnt widened anymore than the line that goes through 1264.30?


A triangle, in its simplest form, is a double hook.

There can be mini triangles and the mini triangles can combine into larger triangles...

The triangle doesn't get any wider than the large double hook (HH):

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Mar 19, 2016 3:43 pm

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Mar 19, 2016 4:05 pm

The only things that are important are:

1) use 15* angles.
2) differentiate between hooks and breakouts.

if you do those two things then you can draw them however you wish.


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