The ideas that I trade by:

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dchappy
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Re: The ideas that I trade by:

Postby dchappy » Sat Apr 09, 2016 2:45 pm

MightyOne wrote:Just for you dchappy :)

Same as always, use 15 degree angles and ignore breakouts ( { ) when drawing 1-2-3s.

Plenty of pips to be made at SIXTEENS.
Plan your trades, trade your plans.

Ok, art class is over.

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Beautiful ...I'm not good at drawing cones ...how would they be placed on my trend line chart today ?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 3:10 pm

Why do you get hung up on trading for ONES ("pips")?

Each line is x amount of dollars, that is all that you are doing when you are trading for pips.

EACH LINE IS X AMOUNT OF DOLLARS! No one, not even you, cares about how many pips you make.


I forget who I was listening to at the time but a fund manager was asked what is the single most important thing that a new trader can do to become profitable and his answer was to take whatever size they are trading at and cut it in half...and probably cut it in half again.

Do more with less.
Make your money by increasing your lot size not by maximizing your pip gains.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 3:21 pm

Here you go dc, feel free to ask any questions.

PS: charge that battery! :wink:

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Goonslinger
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Re: The ideas that I trade by:

Postby Goonslinger » Sat Apr 09, 2016 3:42 pm

MightyOne wrote:I will not be posting any charts for about another week or two, just fyi.

This week (or two) I have dedicated to memorizing a deck of cards using the "character, action, object" method.

If you have nothing better to do then feel free to suggest some characters actions and objects of your own.


A tool you could use to help with your memorisation is http://ankisrs.net/.

Here's an article that describes its use http://mkaito.github.io/2014/spaced-repetition-learning.html

This is an article that is linked from the previous article which I think is worth a read. https://www.supermemo.com/en/articles/20rules

I guess it does go off on a tangent if you're only interested in memorising the cards, but the info is useful in any case.

Somewhat related to that is a course called Learning How to Learn (https://www.coursera.org/learn/learning-how-to-learn) which you might find interesting.
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 3:58 pm

Goonslinger wrote:
MightyOne wrote:I will not be posting any charts for about another week or two, just fyi.

This week (or two) I have dedicated to memorizing a deck of cards using the "character, action, object" method.

If you have nothing better to do then feel free to suggest some characters actions and objects of your own.


A tool you could use to help with your memorisation is http://ankisrs.net/.

Here's an article that describes its use http://mkaito.github.io/2014/spaced-repetition-learning.html

This is an article that is linked from the previous article which I think is worth a read. https://www.supermemo.com/en/articles/20rules

I guess it does go off on a tangent if you're only interested in memorising the cards, but the info is useful in any case.

Somewhat related to that is a course called Learning How to Learn (https://www.coursera.org/learn/learning-how-to-learn) which you might find interesting.


Thanks Goonslinger!

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Goonslinger
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Re: The ideas that I trade by:

Postby Goonslinger » Sat Apr 09, 2016 4:09 pm

MO, how do these cones look? All lines are at 15 degrees.

I circled an area on the 5th where there was a reaction from the cone, but price ended up turning around and breaking through. Not sure if there's anything really worthy of note there, just thought it was interesting price reacted there.


Which time frame is best to draw the cones on? You seem to draw them on all time frames, but I'm guessing the higher the time frame the more time you have to draw and then plan how to trade the chart.
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 4:14 pm

What is a breakout and what is not a breakout..."momo", "not momo", that is all that you really need to know know.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 4:44 pm

Focus on the important things first:

1) what is a breakout and what is not a breakout?

2) how do I trade it?

3) how do I make my chart look pretty?

Start with one line & if that is all that you require then do not draw another.

As time passes you might draw another line...
you might start with 1 line and a 1-2-3, or 1 line and "this is the bottom of a cone", etc

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Apr 09, 2016 5:08 pm

You don't need to explain it, you only need to know how you are going to trade it.

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Goonslinger
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Re: The ideas that I trade by:

Postby Goonslinger » Sun Apr 10, 2016 8:34 am

MightyOne wrote:Focus on the important things first:

1) what is a breakout and what is not a breakout?

2) how do I trade it?

3) how do I make my chart look pretty?

Start with one line & if that is all that you require then do not draw another.

As time passes you might draw another line...
you might start with 1 line and a 1-2-3, or 1 line and "this is the bottom of a cone", etc

for_goon.png


Thanks MO.

Do the 1 - 3 - 2 relate to the 1-2-3 pattern? Or is it something else?
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