The ideas that I trade by:

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newark18
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Re: The ideas that I trade by:

Postby newark18 » Mon May 30, 2016 5:44 pm

thepark wrote:
newark18 wrote:Not that I matter but I still read this thread!


hey newark you might not remember me, but we messaged on gchat for a bit way back when. glad to see you're still on kreslik.


Hello! I do remember which says a lot!
Failure is an opportunity to learn.

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PTG
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Re: The ideas that I trade by:

Postby PTG » Mon May 30, 2016 6:51 pm

John S. wrote:
All they have to do to be very profitable is to only understand the basics of trading and consistently do these four things:
1) if price is going up, go long
2) if price is going down, go short
3) if price goes against you, get out.
4) if price goes in your favor, stay in.

Everything else on this board, any other board, on any website, or trading marketing email is simply something designed to sell something, or feed someones ego.

Have a great weekend. :D


=D> =D> =D> =D>
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PTG
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Re: The ideas that I trade by:

Postby PTG » Mon May 30, 2016 7:00 pm

Price is going up ? Long.

2016-05-30_2056.png
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Price going against me while long ? No me jodas, pendejo :)

2016-05-30_2201.png
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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Mon May 30, 2016 8:49 pm

Adding some general parameters:

Risk: 0.25 ATR in order to trade full position size - adjust size linearly based on entry/SL - size becomes 1 unit
Add size: every 0.25*ATR add 1 unit, in order to easily adjust for different timeframes

Question: Even though I am keeping my entry subjective, am I skewing risk against myself by setting these parameters in stone?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue May 31, 2016 2:17 am

Marking closes didn't work very well so I thought why not include them?

After using the high/low method you look at the close to see if any points can be made; each 'x' is an area, if price closes in the area then that is a point.

Towards the end there I started marking the closing points differently to see what it would look like.

HIGH/LOW+CLOSE P&F:

GBPJPYH4_PNF.png
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Re: The ideas that I trade by:

Postby Sacrophage » Tue May 31, 2016 3:33 am

Updating given the nice moves this Asia session, +3.2% since open yesterday between GJ, AJ, AU, EA. All directly correlated trades, which obviously will not bode well when I take losses. Also didn't trade nearly heavy enough given the number of points I pocketed.

Going to learn P&F and follow along with you, Mighty, especially since you said we may be able to be more objective with this method. Objectivity and data give me confidence!

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Re: The ideas that I trade by:

Postby MightyOne » Tue May 31, 2016 3:42 am

Another HIGH/LOW+CLOSE PNF chart:

All the stars are points made with the closing price:

USDCADH4_PNF.png
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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Tue May 31, 2016 4:49 am

Goonslinger nice reaction off of the 2+ Mo high in GJ. I'm flat but waiting to play it back up... I didn't have the nutz to play it short - my fundamental biases and ivy league education cloud my eyes :lol:
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue May 31, 2016 1:25 pm

LEFT: HIGH/LOW method and then price closing in an area to mark a point.

RIGHT: HIGH/LOW method and then the standard close method where price has to close over a line to mark a point (brown).

Are the close markings worth all the trouble? Is the picture more clear or less clear?

I think that I will file away the left chart in the "interesting ideas" folder and mark a few more of the right chart.

hrmm.png
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thepark
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Re: The ideas that I trade by:

Postby thepark » Tue May 31, 2016 1:41 pm

can you guys see if im doing this right? im learning to scalp MACROS

what is the general idea behind trading cones. buying and selling at the lows and highs of the cones...buying the breakout if it closes high and vice versa.

edit* if cones are continually expanding from a center point, then it makes sense to trade from the midpoint of the cone outwards?

Image


Image
would you buy this breakout right now?

Image

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