The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1748
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 213
Gender: Male

Re: The ideas that I trade by:

Postby aliassmith » Wed Jun 01, 2016 2:11 pm

prochargedmopar wrote:
aliassmith wrote:
laksh wrote:
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.


Without size, nothing is possible.
Nice size you have there... :)


Without size you can't live on trading. Without size you can learn and build your account.

Enter with an edge.
Exit at the best time "you" can, win or lose.
Use size appropriate to your account.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Jun 01, 2016 3:50 pm

Braathen wrote:...

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


You could always paste it into your paint program and click the rotate buttons.


This chart is a HIGH/LOW+CLOSE P&F where the close is only considered if closing within an area marks a point for a reversal.
(Extending columns, using closing prices, proved to be a bit much)

I am glad that I am not doing this alone, it is nice to have feedback :)

USDZARH4.png
USDZARH4.png (59.04 KiB) Viewed 682 times

User avatar
Braathen
rank: 500+ posts
rank: 500+ posts
Posts: 612
Joined: Mon Jul 20, 2009 6:21 pm
Reputation: 1
Location: Infront of the PC O_o
Gender: Male

Re: The ideas that I trade by:

Postby Braathen » Wed Jun 01, 2016 4:10 pm

MightyOne wrote: You could always paste it into your paint program and click the rotate buttons.


Hmm.. i think your right :idea:

Im still on the high/low method with no closes incorperated.
Ive been looking at it and im not 100% getting the "where the close is only considered if closing within an area marks a point for a reversal".
I am however making the effort to wrap my head around it.

Im ofc trading cones aswell and really enjoying mixing them together looking for points of interrest with my cones and entering of my hand drawn
PnF charts.

Heres an overbought chart with a 1,2,3 into a rally down to the bottom cone.
I didnt manage to get much of this because i was shorting the GJ like a mad man 8)

Image
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Jun 01, 2016 4:44 pm

for_braathen.png
for_braathen.png (21.92 KiB) Viewed 622 times

User avatar
Braathen
rank: 500+ posts
rank: 500+ posts
Posts: 612
Joined: Mon Jul 20, 2009 6:21 pm
Reputation: 1
Location: Infront of the PC O_o
Gender: Male

Re: The ideas that I trade by:

Postby Braathen » Wed Jun 01, 2016 6:05 pm

Ok i get it now. Thanks :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Braathen
rank: 500+ posts
rank: 500+ posts
Posts: 612
Joined: Mon Jul 20, 2009 6:21 pm
Reputation: 1
Location: Infront of the PC O_o
Gender: Male

Re: The ideas that I trade by:

Postby Braathen » Thu Jun 02, 2016 9:40 am

The PnF charts i have posted so far have been made from 16's on a 4H chart BUT! hehe

I do it like this.. price makes 4 lower points, within the same 4H candle it reverses 2 points, i then mark a new colum with
a higher point. Witch kind of defeats the purpose of using a 4H when i think about it :P

But you wait for it to close in a 2 points+ area before you mark the reversal?
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 02, 2016 12:46 pm

Braathen wrote:...

But you wait for it to close in a 2 points+ area before you mark the reversal?


Below is a detailed explanation :)

Each 'x' is the price above it and the price below it: the points are the 'areas' that price traveled through to reach the point:
-----above----reverse
X
-----below----above
X X
-----reverse--below
It looks like a regular P&F chart but it is much different.

The chart is plotted as a 1-box reversal chart but it is really a 2 line reversal chart.

Remember when TRO would wait for an hour candle to open within a space and trade in the direction that price crossed a horizontal line? Well that is similar to what we are doing here only now, instead of a bar chart, we are using a simplified history of how price moved through the lines.

If an up column:
1) check to see if the high can make new points
2) check to see if the low can make new points
3) check to see if the close can make a reversal column

TRYJPYH4.png
TRYJPYH4.png (49.83 KiB) Viewed 440 times


PS: it is a good idea to buy a large format printer if you are going to be marking charts by hand...
print off some freekin scrolls, man :P, and never run out of room.

Sacrophage
rank: 150+ posts
rank: 150+ posts
Posts: 152
Joined: Tue May 17, 2016 8:16 pm
Reputation: 15
Gender: None specified

Re: The ideas that I trade by:

Postby Sacrophage » Thu Jun 02, 2016 2:04 pm

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.
Attachments
EURAUDH1.png
EURAUDH1.png (42.83 KiB) Viewed 423 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1738
Gender: Male

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.

for_sacrophage.png
for_sacrophage.png (25.89 KiB) Viewed 538 times

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1525
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: The ideas that I trade by:

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

GBPUSDH1.png
GBPUSDH1.png (92.94 KiB) Viewed 538 times


EURUSDDaily.png
EURUSDDaily.png (82.38 KiB) Viewed 538 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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”