The ideas that I trade by:

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MightyOne
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Postby MightyOne » Fri Oct 12, 2012 3:49 pm

I'm a techni-mentalist trader, the only things relevant to me are the impulses of the mind and how it is reflected on the chart.

I'm not looking to be right, I'm looking to be right when I need to be ;)

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Karma
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Postby Karma » Wed Oct 17, 2012 3:14 am

MightyOne wrote: Special tools: Bottle of Rum (good ideas don't come from nowhere!)


Just wanted to be off topic for the time being

I'm relaxing with a bottle of Ron Zacapa,
Which I happen to quite enjoy

Rum is my flavor of choice at the moment

Curious if there is anything you would thoroughly recommend

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MightyOne
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Postby MightyOne » Wed Oct 17, 2012 3:41 am

Try Angostura 1824.

Ron Zacapa is a very nice choice as well!

If it is International Talk Like a Pirate Day then Captain Morgan Black ;)

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Postby MightyOne » Wed Oct 17, 2012 3:45 am

And Rum is never off topic =)

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Postby forexjpn » Wed Oct 17, 2012 8:54 am

I was never one to drink rum straight, until I had Zacapa.......
One of my favorites as well........you guys may already know this site already, but just in case.......
www.ministryofrum.com

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Postby MightyOne » Thu Oct 18, 2012 3:08 am

Just a little reminder:

Image

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newscalper
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Postby newscalper » Thu Oct 18, 2012 9:22 am

All this says to me is that the bigger the retrace the larger the position you can put on for the same % risk. Box is sized on last swing?

The only thing that always puzzles me is that price cannot be 'allowed' to reach your position. Price goes where price goes I don't think you can allow it to do anything or not :)

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Postby Karma » Thu Oct 18, 2012 1:18 pm

It's really not that complicated though, I'll probably use a spreadsheet rather than a fib tool because I despise mt4

Ultimately you look at a long term chart and if price is going up you don't try and disagree

Then essentially position yourself from where it came from... then it legitimately isn't allowed to come back. and even if it does you've usually liquidated enough along the way to rack up some serious pips, so much so that the loss CAN be negligible.

I still haven't got it down pat, but I'm getting there
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby Karma » Thu Oct 18, 2012 1:33 pm

My trouble lies in time

I understand that I like MO seem to spend a majority of my time in front of the charts

But I've been lost recently in seeing some of the bigger moves I expect not taking place until very late in the day. I usually expect nothing after noon but yesterday we had motion at 6 and 7 o'clock

Beyond faith and preparing for anything... How do you do it?

XD
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby Karma » Thu Oct 18, 2012 1:49 pm

I think I may just require more rum
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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