The ideas that I trade by:
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Re: The ideas that I trade by:
I received some PM's so I attached also ex4 compiled version.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
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- aliassmith
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Re: The ideas that I trade by:
MightyOne wrote:Get better at something.
GBPUSDH4.png
Whats the somethings? They look like cones that were partially removed.
Trade Your Way as Long as It Makes Money!
Re: The ideas that I trade by:
aliassmith wrote:MightyOne wrote:Get better at something.
GBPUSDH4.png
Whats the somethings? They look like cones that were partially removed.
There are breakouts and there are patterns (the thing behind the BO) and all that one must do is tell the difference between the two.
How I mark a chart does not matter, a drawing can only describe what you see.
- prochargedmopar
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Re: The ideas that I trade by:
MightyOne wrote:Get better at something
The angled lines are a diversion tactic.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: The ideas that I trade by:
prochargedmopar wrote:MightyOne wrote:Get better at something
The angled lines are a diversion tactic.
AngledLines.png
People cannot get past the word "something" which is simply a word for "there is no need to define it, it is what it is, price is above or below something"
"Price cannot rise on wicks, neither can it fall without closing lower [than something]"
"Something" is the direction of profit, if you knew something then you would only trade in that direction.
Why did I mark cones? Because I believe that EVERYTHING is a cone!
If that is not what you SEE then don't draw them.
There are many methods that you can use to mark cones or 1-2-3 or anything else & it doesn't matter how you draw them; the only thing that matters is that it is what you see and that you know how you are going to trade it.
As I said before, it is my belief that there are breakouts, from some pattern (everything is a cone), and there are break-ins and there are range expansions.
Analysis, aka "art class", is done on H1+ and entries are based on H1+ using smaller charts.
It is expected that the weekly range will expand to within .625 to 1.375 of the weekly median range.
The daily range is more volatile, once the range expands to about 31.25% of median then you are trading away from that line.
Knowing all of these things you should have the confidence to pick a direction (profit) and hold for an expansion; not because you know the future, but because you know that price will expand the range in one direction or the other.
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Re: The ideas that I trade by:
Each solid line is +1%.
Start wide and make 2 or 3 lines then begin to narrow (add size) and take a few more than before.
Prevent a large loss and then focus on large wins.
Take it slow, all that you need is to net a single solid line per day to add a zero by the end of the year.
Start wide and make 2 or 3 lines then begin to narrow (add size) and take a few more than before.
Prevent a large loss and then focus on large wins.
Take it slow, all that you need is to net a single solid line per day to add a zero by the end of the year.
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Re: The ideas that I trade by:
Eights indi updated HERE
- if Show_Macro_Buttons = false - there was no way to update sublevels value.
If you use buttons no update required.
Below video from new development version. Work in progress....
- if Show_Macro_Buttons = false - there was no way to update sublevels value.
If you use buttons no update required.
Below video from new development version. Work in progress....
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
Re: The ideas that I trade by:
MightyOne wrote:..
Prevent a large loss and then focus on large wins.
Take it slow, all that you need is to net a single solid line per day to add a zero by the end of the year.
..
Hi MightyOne,
Does your willingness to take a loss (space implosion) change as you accumulate MACROs?
Do I understand the above correctly in saying that you are more careful with losing space in the beginning,
since your money is a larger part of space, than after some accumulation when space consists of much OPM?
In your experience, with experience, is it common to reach targets (21.12%) without implosions on the way?
Comparing the MACRO approach to doubling, it seems as if MACROs are not as aggressive by default.
I hope this makes sense, if not I apologize.
Thank you.
Re: The ideas that I trade by:
jrtrading wrote:Hi MightyOne,
Does your willingness to take a loss (space implosion) change as you accumulate MACROs?
Do I understand the above correctly in saying that you are more careful with losing space in the beginning,
since your money is a larger part of space, than after some accumulation when space consists of much OPM?
In your experience, with experience, is it common to reach targets (21.2%) without implosions on the way?
Comparing the MACRO approach to doubling, it seems as if MACROs are not as aggressive by default.
I hope this makes sense, if not I apologize.
Thank you.
You don't really have to think about all of that when you are using macros.
Your goal is to make so many lines and the first step towards that goal is not losing lines.
The second step is narrowing the lines so that they are made more quickly.
If you have just spent half of the day trading and are sitting with 2% then don't get aggressive, but if the market hands you a bag of gold and you still have the whole day ahead of you then pocket 1% and see if you can make it an even better day.
You might have been trading for 16's and, having narrowed to 12's for the second trade, the market suddenly shoots upwards and gives you 9 lines. On your 15 minute chart there might then be a trade, that looks obvious, that you decide to trade for 4's; after a few lines you widen to 6's (partial profits) and then next trade you widen to 8's
As a rule of thumb, you slash your position size in half when you see a tall candle or price breaking above a cone.
Aim for 4% per day, be happy with 2, and don't cry about 1.
.92%/day is +0/year.
Always remember that if it is not a breakout then it is a cone:
Re: The ideas that I trade by:
Thanks!
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