The ideas that I trade by:

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Sacrophage
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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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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 2:08 pm

Got in 1 position overnight, added once before being stopped out. Looks like another potential long setting up - looking to position (SL) from 1.6080 and enter a bullish setup if price does not breach 1.6092 (last night low). Otherwise, may look at shorts.
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 26, 2016 2:42 pm

On this chart I have marked the last point made on Wednesday, but another option is to mark the area (each x is an area) where price closed.

The average number of columns per week was between 8 and 9 with each chart taking about 50 seconds per day to update;
if I watch 12 charts then that is 10 minutes per day.

The P&F chart itself (this style anyways) is nearly identical to the bar chart, the major difference being signal clarity.


USDCADH4.png
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Over the short-term I would still prefer to watch candle charts:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 26, 2016 2:50 pm

Sacrophage wrote:Got in 1 position overnight, added once before being stopped out. Looks like another potential long setting up - looking to position (SL) from 1.6080 and enter a bullish setup if price does not breach 1.6092 (last night low). Otherwise, may look at shorts.


Who says that you cannot become a "chart wizard" overnight? =D> :smt023

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 3:25 pm

MightyOne wrote: Who says that you cannot become a "chart wizard" overnight? =D> :smt023


I was here at the beginning - so long ago I forgot my username so I started a new acct. Like most, I lost a ton in the beginning - so, I turned to automated trading only - wrote hundreds of EA's over the years - some work very well, but if you watch them run you can see many mistakes that they make - and it is very difficult to code in all of what the eye can plainly see.

So, I am back at trying my hand at manual trading as well and figured I'd drop in on you guys. Amazing stuff you've all been doing.

I opened an account just for manual trading - goal is 100% by July 1st. Need to get comfy with larger lot sizes if I am to succeed - have trouble trading big - my best EA's run on tick charts so watching the float on a manual position is relatively new to me. Any suggestions appreciated - also, do you guys still hang out in a chat room during trading hours? Manual trading is lonely.

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Re: The ideas that I trade by:

Postby MightyOne » Thu May 26, 2016 3:38 pm

Could probably just make a P&F CC that attaches itself to the H4 open...
I have to give this a bit more thought. #-o

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu May 26, 2016 4:14 pm

Sacrophage wrote:
MightyOne wrote: Who says that you cannot become a "chart wizard" overnight? =D> :smt023


I was here at the beginning - so long ago I forgot my username so I started a new acct. Like most, I lost a ton in the beginning - so, I turned to automated trading only - wrote hundreds of EA's over the years - some work very well, but if you watch them run you can see many mistakes that they make - and it is very difficult to code in all of what the eye can plainly see.

So, I am back at trying my hand at manual trading as well and figured I'd drop in on you guys. Amazing stuff you've all been doing.

I opened an account just for manual trading - goal is 100% by July 1st. Need to get comfy with larger lot sizes if I am to succeed - have trouble trading big - my best EA's run on tick charts so watching the float on a manual position is relatively new to me. Any suggestions appreciated - also, do you guys still hang out in a chat room during trading hours? Manual trading is lonely.


I would aim for 100% in 5 weeks, about +60 lines per week or +12 lines per day (3 lines = 1%).

You don't really need a large lot size to reach your goal, just narrow the spacing of the lines a bit as you gain OPM.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Thu May 26, 2016 4:31 pm

So I've been playing around with the possibility of trading these trendlines whilst I'm away from the PC...

Using this EA (http://www.forexfactory.com/showthread.php?t=297607) V37 and FX Synergy... I can manage trades whilst I sleep...

I have created a taste of things to come when Synergy launch their updated version in the coming months...

I have been Killing the Aussie Crosses with this combo this week...

Image

Trading just might get boring...:P
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.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 4:38 pm

MightyOne wrote: I would aim for 100% in 5 weeks, about +60 lines per week or +12 lines per day (3 lines = 1%).

You don't really need a large lot size to reach your goal, just narrow the spacing of the lines a bit as you gain OPM.


Haha 4:1 for me is absolutely huge - need to force myself to do it.

What would potentially make it easier is some idea of expected win - I am writing an EA to test this (based on my first post), but since entries/adds are subjective, it will not give me a clear picture. Do you have a handle on how many false starts you get on average before hitting a full winner (3.5 entries)? Also, what does the variance look like - i.e. is it worth ramping up your volume because you have had X # of false starts... Of course this is trader-dependent, but hoping it falls into some statistical range for each trader over time.

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu May 26, 2016 4:54 pm

Jalarupa wrote:Trading just might get boring...:P


Deciding on the trendlines to trade off of is the hard part!

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