The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue May 31, 2016 2:27 pm

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

what is the general idea behind trading cones. ...



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thepark
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Re: The ideas that I trade by:

Postby thepark » Tue May 31, 2016 2:35 pm

Sacrophage wrote:^I am just learning as well, but this is my take. It hasn't broken through resistance and risk looks like the 3 semafor on the downside, so, no, I would not go long there. Long from cone bottom or below if possible, and vice-versa, with a tight stop. Cone is just a resting place until the next breakout, so be ready to cut if you're wrong.


Thanks, Sacrophage. Your comments are valuable. I shorted GJ at the top of the cone.

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Re: The ideas that I trade by:

Postby thepark » Tue May 31, 2016 2:41 pm

MightyOne wrote:
thepark wrote:can you guys see if im doing this right? im learning to scalp MACROS

what is the general idea behind trading cones. ...



kinda_sorta.png


thanks MO, lol im using cones recklessly over here, just shorted GJ and EJ :lol:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue May 31, 2016 2:51 pm

Trade what you see.

EDIT: after a "continue" a long candle will be "overbought"/"oversold".

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Tue May 31, 2016 3:29 pm

If you want MO to stick around then post some P@F charts. He drools over them :D :D
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laksh
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Re: The ideas that I trade by:

Postby laksh » Tue May 31, 2016 3:50 pm

thepark wrote: I shorted GJ at the top of the cone.


I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided. :wink:

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Re: The ideas that I trade by:

Postby aliassmith » Tue May 31, 2016 4:08 pm

laksh wrote:
thepark wrote: I shorted GJ at the top of the cone.


I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided. :wink:


That GJ did move nice. I just picked up 7/8's.
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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Tue May 31, 2016 7:17 pm

Updated - took an SL on GJ -1%, trying again for a long now...

EDIT: that was fast, 1% clawed back with 2X leverage - exited and re-entered risking 1% with SL at 159.75
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed Jun 01, 2016 4:47 am

aliassmith wrote:
laksh wrote:
thepark wrote: I shorted GJ at the top of the cone.


I also got lucky with that sudden 1 figure drop in GU. Seems like it was due to a Brexit poll result putting leave campaign ahead!

I took part in a Brexit poll. I told a lady on phone that I will be voting to leave, but I am still undecided. :wink:


That GJ did move nice. I just picked up 7/8's.


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Re: The ideas that I trade by:

Postby Braathen » Wed Jun 01, 2016 6:06 am

Cones and PnF continuation.

GJ following nicly. Im really liking the mix of PnF with 1h+ cones.

Image
Image

Cant seem to get the PnF pic to stand up straight #-o
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