The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 19, 2016 8:01 am

v8power wrote: Alright since im pretty sure MO already dislikes me...


Why do I have to keep saying that everything is alright? It is like I am in a relationship :lol:

v8power wrote: ...MO was showing different trade ideas all the time and was cocky as hell then. He is more Disney and humble in his trading now...

I used to trade with a liter of rum on my desk at all times so I am sure that most people found me to be quite abrasive...I'm sure they still do.


v8power wrote: ...What about this post from MO "I have a pyramiding method by which I start by risking 4% until I increase my account by 16% and then risk 8% until one loss...


I learned that I am far more likely to reach a goal if I trade to it than if I try to trade through it.

Consistent small returns will always trump quick profits in the end.

It is not simply because "it is no longer kewl to do so" that I do not target sextillions, It is because it is an impossible goal.

If you sit down and ask yourself what number you are targeting and you plot a course to achieve that goal within a specific amount of time
then you will see that you need to risk next to nothing for even the most lofty of goals.

The closer you get to the target number the more you reduce your risk because it doesn't make sense to use the same size that you were using to target 100% of the goal for the last 25%. If after reducing your size you are pushed further from the goal then you can increase your size and brush your losses to the side but if you did not reduce your size then the goal may be greatly delayed.

There are certain things that you just cannot appreciate until the market kicks you in the balls a few times. #-o

v8power wrote: Forex is now a means to enrich the lives around me...


If you want to enrich lives then go to Vietnam and give $10,000 (224,000,000 Dong) to the 7 year old girl who is selling bookmarks to tourists so that her grandparents don't starve to death; it will feed her family for about 5 years.

$10,000 to an American is a brand new couch and a case of beer (my a++ thanks you...now go away!)

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Thu May 19, 2016 1:59 pm

MightyOne wrote:
v8power wrote: Alright since im pretty sure MO already dislikes me...


Why do I have to keep saying that everything is alright? It is like I am in a relationship :lol:

v8power wrote: ...MO was showing different trade ideas all the time and was cocky as hell then. He is more Disney and humble in his trading now...

I used to trade with a liter of rum on my desk at all times so I am sure that most people found me to be quite abrasive...I'm sure they still do.


v8power wrote: ...What about this post from MO "I have a pyramiding method by which I start by risking 4% until I increase my account by 16% and then risk 8% until one loss...


I learned that I am far more likely to reach a goal if I trade to it than if I try to trade through it.

Consistent small returns will always trump quick profits in the end.

It is not simply because "it is no longer kewl to do so" that I do not target sextillions, It is because it is an impossible goal.

If you sit down and ask yourself what number you are targeting and you plot a course to achieve that goal within a specific amount of time
then you will see that you need to risk next to nothing for even the most lofty of goals.

The closer you get to the target number the more you reduce your risk because it doesn't make sense to use the same size that you were using to target 100% of the goal for the last 25%. If after reducing your size you are pushed further from the goal then you can increase your size and brush your losses to the side but if you did not reduce your size then the goal may be greatly delayed.

There are certain things that you just cannot appreciate until the market kicks you in the balls a few times. #-o

v8power wrote: Forex is now a means to enrich the lives around me...


If you want to enrich lives then go to Vietnam and give $10,000 (224,000,000 Dong) to the 7 year old girl who is selling bookmarks to tourists so that her grandparents don't starve to death; it will feed her family for about 5 years.

$10,000 to an American is a brand new couch and a case of beer (my a++ thanks you...now go away!)


You nailed it,
The U.S. is a wellfare state.
Most people are like, gimme, gimme, gimme, MORE!!!
While unwilling to give anything for it.
#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 » Fri May 20, 2016 3:57 pm

Etching out a cone using yellow x's.

How did I select them?
1) long columns moving out of 'something'
2) price returning to 'something'

USDTRYH4.png
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Re: The ideas that I trade by:

Postby MightyOne » Fri May 20, 2016 6:24 pm

Why did you have to go and post a P&F chart Jala? :lol:

So far I am set on this:

1) each 'x' is the price above and below it (basically it is a two box reversal chart drawn as a one box reversal)
2) the "high/low method" is used on a 4 hour chart instead of a daily.
3) each line is the largest line spacing that you would use for that pair (roughly 16 to 24 lines per week).
4) charts are separated into weeks.

To mark a chart like this I used wingding 203, scale fixed the chart, and widened it so that the wingding would fit between the lines.

The result is pretty much the same as a time chart, you see price breaking in and out of congestion.

Does it work better for you? I don't know, that is a question that you will have to answer for yourself.

USDCNHH4.png
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MightyOne
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CONES CONES CONES

Postby MightyOne » Sat May 21, 2016 4:12 am

Any chart, any time frame.

EURJPYM1.png
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prochargedmopar
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Re: CONES CONES CONES

Postby prochargedmopar » Sat May 21, 2016 5:14 am

MightyOne wrote:Any chart, any time frame.

EURJPYM1.png


What the hell are you trying to do to me?

M1?!?!
#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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Re: The ideas that I trade by:

Postby prochargedmopar » Sat May 21, 2016 5:32 am

OK,
M1 is to have a 2-3 line SL which equates to 6 pips or less.

I'm not exactly sure how to make $ off these lines if the box is the earliest possible scenario for having drawn the cone lines placed on the chart.

EarliestPossibilities.png
EarliestPossibilities.png (34.38 KiB) Viewed 512 times
#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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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Sat May 21, 2016 5:58 am

Let me try this one last time.

Now how can I use this to make $$?

OneLastTime.png
OneLastTime.png (32.27 KiB) Viewed 509 times
#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 » Sat May 21, 2016 6:07 am

prochargedmopar wrote:OK,
M1 is to have a 2-3 line SL which equates to 6 pips or less.

I'm not exactly sure how to make $ off these lines if the box is the earliest possible scenario for having drawn the cone lines placed on the chart.



1) You already want to go long based on H1+
2) price is above a line
3) go long...

Is price breaking lower and staying lower or did price break lower and fail to maintain lower prices?

Did you expect me to say anything different? Of course you didn't.

Stop looking at a chart like you are supposed to know what is going to happen next.

See it, trade it.
Your guess is as good as anyone else's.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Sat May 21, 2016 8:15 am

MightyOne wrote:Why did you have to go and post a P&F chart Jala? :lol:


Lol, I hear you... THREAD derailed... Lol

I've found the application of cones on a P&F chart to be almost invaluable as a lot of noise gets removed and one can just focus on the levels where price hits or breaks the trend lines...

They also show BDP very nicely... So it's a ideal marriage in the end...

Are you drawing those X's by hand?

So is that a 20x1 on a normal P&F indy?
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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