The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Mar 20, 2016 8:15 pm

Braathen wrote:Had a go with the EU 1h chart trying to capture what your showing.

Added some cones/pennants to see if i understood "2) differentiate between hooks and breakouts." correctly.

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You are drawing better pennants already :smt023

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Sun Mar 20, 2016 8:41 pm

Thanks to your awsome pictures of late it has set the wheels turning on how i can improve myself.
Your art quote was pretty damn sexy to :D

I really think that last picture of yours showed "Price travels hundreds of pips from one extreme to the other" really well.
"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 » Mon Mar 21, 2016 6:46 am

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v8power
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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 1:34 pm

Just keeping it simple and canceling out profit. +100 pips down, then nabbed another +75 up. Same days they just give u pips.

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E/J +2 day extreme just netted me another 75. Now just waiting for G/U to finish doing its thing.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Mar 21, 2016 2:41 pm

v8power wrote:Just keeping it simple and canceling out profit. +100 pips down, then nabbed another +75 up. Same days they just give u pips.

Image


E/J +2 day extreme just netted me another 75. Now just waiting for G/U to finish doing its thing.


Very Nice v8power, I like that you don't have 100 indicators on your chart.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Mar 21, 2016 3:01 pm

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v8power
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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 3:12 pm

MightyOne wrote:
v8power wrote:Just keeping it simple and canceling out profit. +100 pips down, then nabbed another +75 up. Same days they just give u pips.

Image


E/J +2 day extreme just netted me another 75. Now just waiting for G/U to finish doing its thing.


Very Nice v8power, I like that you don't have 100 indicators on your chart.


I actually couldn't tell you what 99% of indy's do. When I firsted started my forex journey I learned about Donchain breakouts and "the turtles". So I devoted my time to that (first intro to trading horizontal lines and I didn't even know). The only 2 indicators I use are custom candles and crash zones.

My trading is very basic. I look for no brainer trades (double failures, MZ, zlines) for my profit of cushin. Then use that to put on my bigger size trades from extremes, crash zones, or DWM mzones. I no longer fear news releases and actually look forward to them to help move my longer trades into more profit.

v8power
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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 3:51 pm

Here is a super easy trade (that also shows what MO preaches). Blue box was a double failure. Also price had made monthly and yearly high (what does MO and TRO always say). Then I just held to I zlined the profits of all the longs at the red line. That trade alone almost added a zero to my account.

Why did I hold for so long. Because there is only one yearly high and Im not about to sell it for less then its worth. Also I remember MO saying a yearly candle will normally fill its range in 5 months (or 7). So after priced dropped for 4 weeks straight I had a perfect exit at the zline.

Nope trades don't happen like this often. But hey this 1 trade was almost worth 1 zero to my account. I only need one of those a year (maybe two G/J was down almost 2,000 pips from Jan 3).

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Re: The ideas that I trade by:

Postby jrtrading » Mon Mar 21, 2016 4:06 pm

That's an amazing trade, thanks for posting, very helpful.
Did not mean to be blunt earlier.

v8power
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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 4:13 pm

jrtrading wrote:That's an amazing trade, thanks for posting, very helpful.
Did not mean to be blunt earlier.


No worries. I opened my mouth on a subject(person) I knew nothing about in your thread. Glad it is helpful.

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