The ideas that I trade by:

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MightyOne
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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?

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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Mon May 23, 2016 9:55 pm

Great thread Mighty - thanks for everyone's contributions.

Expanding on the idea of a craps table a number of pages back... has anyone stacked equidistant entries while keeping a static SL as a % of Equity? Clearly this is not as efficient as successfully picking retrace extremes to add/trail, but it would prove that SpaceWars is profitable regardless of entry placement. Probably worth testing a perpetual trade in both directions to see how bad the "bleed" can get. Then start adding filters - a simple bias with HTF and zoom in for trigger - perhaps simple BZ entry? Any thoughts before I do some testing?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed May 25, 2016 2:10 pm

Breakouts and patterns.

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Re: The ideas that I trade by:

Postby MightyOne » Wed May 25, 2016 3:43 pm

I stole this WZ trade from TRO's latest post.

If you find the breakouts then you can trace your finger back to the "pattern" and place your trades in a much safer place.

If you use a little logic then you can increase your win/loss ratio by a lot.

A put arrows where one might take entries if using the WZ:

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Re: The ideas that I trade by:

Postby prochargedmopar » Wed May 25, 2016 5:26 pm

MightyOne wrote:I stole this WZ trade from TRO's latest post.

If you find the breakouts then you can trace your finger back to the "pattern" and place your trades in a much safer place.

If you use a little logic then you can increase your win/loss ratio by a lot.

A put arrows where one might take entries if using the WZ:




So you are saying.
Pattern in a pattern?

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#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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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Wed May 25, 2016 5:33 pm

MightyOne wrote:I stole this WZ trade from TRO's latest post.

If you find the breakouts then you can trace your finger back to the "pattern" and place your trades in a much safer place.

If you use a little logic then you can increase your win/loss ratio by a lot.

A put arrows where one might take entries if using the WZ:

for_TRO.png


Safer place?
How so?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed May 25, 2016 6:03 pm

prochargedmopar wrote:

So you are saying.
Pattern in a pattern?


I am saying what I have always been saying...
there exists only the breakout and the place of origin.

If you cannot tell the difference between a breakout and a break-in then you are SOL :lol:

TRO wrote: Safer place?
How so?


Hard to explain without using gobbledygook :wink:

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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 12:46 am

Quick push down!
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 26, 2016 3:05 am

Sacrophage wrote:Quick push down!


Very nice! =D>

Hopefully you took profit right at the low of that large candle.

There are times when you take profit and price continues for another 160 pips, but you just have to tell yourself that growth comes from consistency and increasing your minimum position size and not from making a gazillion pips.

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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 4:23 am

Yes, and took a long scalp from the little devil off the bottom. Exited near top of the cone. Would like to be long again for the overnight, but want a better entry down near the bottom of the cone.
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