The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat May 21, 2016 3:29 pm

Jalarupa wrote:...
So is that a 20x1 on a normal P&F indy?


It is a 20x2 drawn as a 20x1.

20x1 displays congestion/stalling better than multi-box reversal charts because it has a rule that allows for 'double reversals' in the same column, allowing you to spot cones more readily.

To answer your question, you will probably have to draw it by hand.

There are only about 12 columns per week when using HIGH/LOW on a 4 hour chart so it isn't that bad (I find it relaxing).

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Re: The ideas that I trade by:

Postby MightyOne » Sat May 21, 2016 7:19 pm

I attached a "Renko like" picture in the above post but then I noticed an error.

One of the dangers of doing things by hand is re-doing things by hand :shock: :lol:

v8power
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Re: The ideas that I trade by:

Postby v8power » Sun May 22, 2016 6:29 am

prochargedmopar wrote:
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.


Pro aren't you constantly asking everyone to give you more cuz you suck at trading, while unwilling to give anything for it. I hope none of your children ever have a medical condition that insurance wont cover and might die without it being paid for. But hey at least we know we have a bunch of future fast food workers with all the kids you have. We know you cant afford college for them and you talk about how lazy the oldest one is (father like son). Im sure you would be on welfare if it wasn't for your wife, who financial supports your family. She is what your 3rd already. Im sure she will eventually divorce you. But at least you can always be a loser and still dick ride MO.

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun May 22, 2016 7:08 am

v8power wrote:
prochargedmopar wrote:
MightyOne wrote:
Why do I have to keep saying that everything is alright? It is like I am in a relationship :lol:


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.




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



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.


Pro aren't you constantly asking everyone to give you more cuz you suck at trading, while unwilling to give anything for it. I hope none of your children ever have a medical condition that insurance wont cover and might die without it being paid for. But hey at least we know we have a bunch of future fast food workers with all the kids you have. We know you cant afford college for them and you talk about how lazy the oldest one is (father like son). Im sure you would be on welfare if it wasn't for your wife, who financial supports your family. She is what your 3rd already. Im sure she will eventually divorce you. But at least you can always be a loser and still dick ride MO.


Sorry,
You've got the wrong brother.
So far, so good on the kiddos.
Making $$ and supporting self.
College is the last place I want any of my children to go 2nd only to the military state of the republic.
4th wife is the charm.
1st died and I divorced the other two. ;-)
#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 » Sun May 22, 2016 7:25 am

v8power


I'm not sure how you got that my oldest was lazy?

He made it to the 400m TX state championships.
Broke a 31 yo H.S. 400m record running 48.57 and was the first ever to run under 22sec (21.78) in the 200m.
Boy worked harder than any other kid on the team. The last two years while I coached him he trained ALONE.
Self motivated.

The 2nd oldest won a silver medal at the national chsmpionships for tumbling in CA. Not too shabby either.

Anyway, like father like sons. LOL
#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 MightyOne » Mon May 23, 2016 12:56 am

From now on I am doing it by hand and scanning the pages into the computer :lol:

USDCADH4.png
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Re: The ideas that I trade by:

Postby Jalarupa » Mon May 23, 2016 2:49 am

MightyOne wrote:From now on I am doing it by hand and scanning the pages into the computer :lol:

USDCADH4.png


Or you could maybe try to modify bredin's code?
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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Re: The ideas that I trade by:

Postby Braathen » Mon May 23, 2016 11:42 am

Just a few questions to your sexy P&F charts MO.

So for you to mark one up it has to have touched both lines in a line for it to be marked.
Also there has to be 2+ marks for you to start a new column.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon May 23, 2016 3:06 pm

Braathen wrote:Just a few questions to your sexy P&F charts MO.

So for you to mark one up it has to have touched both lines in a [column] for it to be marked.
Also there has to be 2+ marks for you to start a new column.


Each x is the price above it and the price below it,
If price retraces by one line then it is still in the price range of the highest x so it takes a two line reversal to start a new column.

This is not the "right way" to draw a P&F chart, but I think that it is a better way.

HIGH_LOW.png
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USDCADH4.png
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Re: The ideas that I trade by:

Postby MightyOne » Mon May 23, 2016 4:11 pm

Updated M1 chart

Still think that cones are just a figment of ones imagination?

EURJPYM1.png
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