The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 02, 2016 2:25 pm

Sacrophage wrote:Holding short after the failure up top. I will play P&F with you guys soon - busy coding and trying to keep manual trade plan on track.


Well done.

I just want to point out some things that jump out at me when I look at that chart:

PS: remember that this is art class, there is no right or wrong.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Thu Jun 02, 2016 2:39 pm

GBPUSDH1.png
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EURUSDDaily.png
EURUSDDaily.png (82.38 KiB) Viewed 297 times


I like to PAINT BY NUMBERS :lol:
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 » Thu Jun 02, 2016 3:00 pm

TheRumpledOne wrote:
I like to PAINT BY NUMBERS :lol:



Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu Jun 02, 2016 3:40 pm

And then the Daily... could become a nice short if she breaks... I don't like the dueling wicks from yesterday/today (cue banjo music), but perhaps that is the point - shake 'em out before the move. Will see - pulled half off. Looking to add in all the right places (cue Dolly Parton).
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thepark
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Re: The ideas that I trade by:

Postby thepark » Thu Jun 02, 2016 4:00 pm

learn by practicing. consistency is key

i have been thinking that entering at the bottom of a cone is a lower risk trade than at the cone breakouts because it could be "overbought" or "continue"

i will try to enter at the bottom of the cone for longs (extremes) as much as possible and vice versa.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 02, 2016 5:12 pm

Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png
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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Thu Jun 02, 2016 5:27 pm

MightyOne wrote:Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png


They look fairly similar to me. Money could be made with either with the right space. PnF doesnt show the full range of price so that is a little challenge.
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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu Jun 02, 2016 5:53 pm

MightyOne wrote:Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png


Whichever one has better expected return based on objective entry/exit criteria :wink:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 02, 2016 6:04 pm

aliassmith wrote:
... PnF doesnt show the full range of price so that is a little challenge.


It is the same as shaving off the pipettes from the price of the extreme; if you are trading for pips then you don't concern yourself with pipettes and if you are trading for macros then you aren't concerned about the pips.

If you enter at a line or a line +/- a half line then your entry will be 'accurate' enough, in my opinion.

I trade from lines and for lines so that is all that I need to see on the chart.

I am not saying that I have the whole PNF thing down, I am still exploring the idea :lol:

You could turn your attn. to Kagi charts but I would dread drawing those by hand.

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Re: The ideas that I trade by:

Postby aliassmith » Thu Jun 02, 2016 6:45 pm

MightyOne wrote:
aliassmith wrote:
... PnF doesnt show the full range of price so that is a little challenge.


It is the same as shaving off the pipettes from the price of the extreme; if you are trading for pips then you don't concern yourself with pipettes and if you are trading for macros then you aren't concerned about the pips.

If you enter at a line or a line +/- a half line then your entry will be 'accurate' enough, in my opinion.

I trade from lines and for lines so that is all that I need to see on the chart.

I am not saying that I have the whole PNF thing down, I am still exploring the idea :lol:

You could turn your attn. to Kagi charts but I would dread drawing those by hand.


I'll just turn to candles altho I can see an advantage with big enough targets
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