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 Apr 17, 2016 2:18 pm

thepark wrote:
What is the difference between a "breakout" and a "pattern"?
In you USDJPY pic, I see prices closing lower and then coming back up to wick upward on the third curly bracket. My entry would have been to wait for a new close under the (1) then short. Same idea with your XAUUSD trade.

Your ideas seem to be able to identify entries sooner, while my method enters after it has moved and confirmation
The curly bracket represents breakouts?
What are 1-2-3?
How do you know how to draw those 15 degree lines like that? I can see a million ways of drawing those lines that are different.

I guess I just need to see these ideas at a more basic level.



You know what a pattern is, don't play with me: :lol:
1-2-3s, head & shoulders, channels, triangles, ...

A breakout is simply a move that "breaks out" from a pattern.

All patterns are related, if you learn about one then you will have insight into another.
Most people have difficulty understanding cones & channels so I use 1-2-3s to describe them.

I have two options:
a) I spend hundreds of posts talking about the nuances of trading patterns.
b) I make it so simple that even a caveman can do it.

If it looks strange it is because it is strange.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 3:04 am

USDCHF kinda looks like AAPL upside down...

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 3:22 am

We have seen it all before...

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 4:22 am

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 3:13 pm

I am buying a 6' craps table to test Space Wars money management in a truly random environment

If one sticks to place bets, lay bets, and hedging then it should be little different than a market environment.

Control is the name of the game, you decide: when to bet, how much to bet, what stays up, & what comes down.

Statistically, a shooter is good for 3 rolls of the dice before rolling a 7.
How many rolls before a shooter wins on a point when betting the pass line? 3.7 rolls (From the Wizard of Odds himself).

The Bible says that where there is true randomness there is no randomness at all for every decision belongs to the Lord:

prov_16_33.png
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Proverbs 3:5-6 Authorized (King James) Version (AKJV)
5
Trust in the Lord with all thine heart;
and lean not unto thine own understanding.
6
In all thy ways acknowledge him,
and he shall direct thy paths.

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 4:23 pm

"()" is just shorthand for a triangle...it would probably be better to use "<>".
"{" is what I use for a breakout.

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 5:32 pm

Are you starting to see what is high and what is low?

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 18, 2016 5:36 pm

Years of study? No, it just needs to click.

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Mon Apr 18, 2016 8:49 pm

MightyOne wrote:I am buying a 6' craps table to test Space Wars money management in a truly random environment

If one sticks to place bets, lay bets, and hedging then it should be little different than a market environment.

Control is the name of the game, you decide: when to bet, how much to bet, what stays up, & what comes down.

Statistically, a shooter is good for 3 rolls of the dice before rolling a 7.
How many rolls before a shooter wins on a point when betting the pass line? 3.7 rolls (From the Wizard of Odds himself).

The Bible says that where there is true randomness there is no randomness at all for every decision belongs to the Lord:

prov_16_33.png


Proverbs 3:5-6 Authorized (King James) Version (AKJV)
5
Trust in the Lord with all thine heart;
and lean not unto thine own understanding.
6
In all thy ways acknowledge him,
and he shall direct thy paths.


Perfect opportunity for a skype/google group chat with your space pupils.
Afix the camera to the table.
Go around the horn rolling the dice and then asking each student what bet is to be placed.
It matters not who does the rolling or spinning in this environment.
Nothing to do with technicals yet everything to do with trading MM and Mindset.

Now that's my kind of gambling lesson.
#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 » Mon Apr 18, 2016 9:16 pm

prochargedmopar wrote:
MightyOne wrote:I am buying a 6' craps table to test Space Wars money management in a truly random environment

If one sticks to place bets, lay bets, and hedging then it should be little different than a market environment.

Control is the name of the game, you decide: when to bet, how much to bet, what stays up, & what comes down.

Statistically, a shooter is good for 3 rolls of the dice before rolling a 7.
How many rolls before a shooter wins on a point when betting the pass line? 3.7 rolls (From the Wizard of Odds himself).

The Bible says that where there is true randomness there is no randomness at all for every decision belongs to the Lord:

prov_16_33.png


Proverbs 3:5-6 Authorized (King James) Version (AKJV)
5
Trust in the Lord with all thine heart;
and lean not unto thine own understanding.
6
In all thy ways acknowledge him,
and he shall direct thy paths.


Perfect opportunity for a skype/google group chat with your space pupils.
Afix the camera to the table.
Go around the horn rolling the dice and then asking each student what bet is to be placed.
It matters not who does the rolling or spinning in this environment.
Nothing to do with technicals yet everything to do with trading MM and Mindset.

Now that's my kind of gambling lesson.


Only I am not teaching anyone anything, I simply share ideas. Students are a pain in the ass, probably worse than taking care of a baby...

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