The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed May 11, 2016 4:50 pm

Updated AUDCAD chart.

LINK to previous charts HERE

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MightyOne
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IDEAS WORTH TRADING

Postby MightyOne » Wed May 11, 2016 5:26 pm

No matter where you look you will find a cone...

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Re: The ideas that I trade by:

Postby MightyOne » Thu May 12, 2016 2:29 pm

The 101 wingding makes for a great midpoint marker.


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Re: The ideas that I trade by:

Postby MightyOne » Thu May 12, 2016 2:57 pm

This chart starts where the other chart left off.

Technical analysis is easy, if it is not a breakout then it is a pattern (congestion).

If you can draw a pattern within the space of a dime then you might see a trigger.

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Re: The ideas that I trade by:

Postby MightyOne » Fri May 13, 2016 3:55 pm

x's are not real stops, they are horizontal lines (blue lines are bias); you pick your horizontal lines based on where you would place a stop on a large chart.

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Re: The ideas that I trade by:

Postby MightyOne » Fri May 13, 2016 4:02 pm

Do you know how many people have shown me a small chart and said "price closed over something, I went long and loss loss loss"?
I ask these people to show me where their stop loss is located on a 4 hour chart and they show me something like the attached.

Then I tell them that there is nothing wrong with their trades, it is the expectation of how far price can move without closing over "something" that they need to adjust.

Price cannot rally on wicks, what part of that do you not understand?
Yes it can go up, no it cannot make a meaningful rally without bodies closing higher.

This is so basic that it was the very first thing that I ever posted.

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Re: The ideas that I trade by:

Postby MightyOne » Fri May 13, 2016 4:31 pm

So last episode of USDTHB price was above something and, as I do very rarely, I drew a pennant.

Price moved sideways, breaking above the pennant, and continued in the direction of profit (big surprise).

Separate the patterns from the breakouts & the chart should begin to make sense.
No 2 hour lectures and fancy words required, just two eyeballs and faith that you are not a complete idiot.

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Postby MightyOne » Fri May 13, 2016 4:45 pm

If everything is not a cone then why does everything look like a cone? :lol:

Stocks, Futures, Forex, any chart, any timeframe, ...and there it is.

What has been seen cannot be unseen.

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v8power
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Re: The ideas that I trade by:

Postby v8power » Mon May 16, 2016 1:29 am

Image


Price is down 1,000 pips from the yearly high. "Price will fill yearly range within 5 (sometimes 7) months" M.O. Helpful hint to know. Especially when you have strong support at 122 (triple bottom). Price needs to close strong below that for me to keep selling. DWM all look like there could be a possible reversal coming depending on what prices does.

There was a nice double failure in a MZ last week that sold off into another MZ (who would have guessed). This is way to easy guys, if you would just listen to M.O.

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Re: The ideas that I trade by:

Postby v8power » Mon May 16, 2016 2:02 am

M.O. I swear I just read a post the other day with you talking about if price didn't reach a crash zone and what that could possibly lead to the following. But I cant recall where or what thread or if I just imangined it. So I am curious about this now. Im thinking such a scenario would happen do to volatility decreasing or price being range bound or both. Would this set up for a possible breakout and/or increase momentum? Soomething new for me to look for and take notes on in the future.

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