The ideas that I trade by:

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Wed Jun 08, 2016 9:07 am

Sacrophage wrote:
MightyOne wrote: I am Going back to strict Keto: 2250 calories per day, 80% fat, 15g carb maximum & only from cruciferous vegetables.
The only supplements that I take are Magnesium, vitamin C, & calcium.


Holy crap that sounds horrible. According to my GF I eat approx. 4000 calories per day, 10-15% fat, and I'm a smaller dude - only weigh 165-170lbs. You must eat such a small volume of food!

How long does it take to get over the hump?


4000calories.. holy crap.. that sounds horrible :P
I know 260 pound bodybuilders who eat less then that :D
Im 220 myself and eating around 2400 calories.. im obviously tring to get down to 190 cuz im carrying some fat atm
but we are all diffrent in the amounts we need.
If you dont do any heavy lifting, hardcore cardio or work in construction then you can get by on very small amounts especially if your eating whole food only and getting enough fiber.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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salezyakuku
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Re: The ideas that I trade by:

Postby salezyakuku » Wed Jun 08, 2016 11:43 am

Braathen wrote:No matter what settings i use it just does the same witch is 0 being at some weekly open months ago :D


Eights4v - Manual price entry in indicator settings
Eights6v - Move line version

If you use 6v version there are essentially two ways how entry price can be changed:
1. move line 0.
2. edit 0 line price in Horizontal line properties.

Move line version using Global Variables. You can delete any currency price entry from Tools/Global Variables (eg. when price spike up and indi disappear 1000 lines above/below aka Brexit [-o< After reload indicator 0 line will apear at DOpen.

I also received some PMs that indi don't work. Downloading both 6v files, renaming to 7v helped ;).
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jun 08, 2016 2:59 pm

Braathen wrote:
...Other than that i would like to ask why you recommend not going below H3 for plotting.. is it not all the same?


It is not the same, the small charts are much too sensitive for the HLC method; imagine price reversing over a line every 30 minutes :shock:

If you sat there plotting HL using a 1 minute chart then there would be no need for HLC, but is that what you want to with your day, sit there watching 4 or 5 one minute charts?
Even at the H1 level you are checking your charts for no reason, 5% of the weekly range is just too large of a move for an H1 chart.

You don't need perfectly accurate P&F charts, that is just the regurgitated belief of an anal person, you only need to see how you won or lost when you look down at your charts.

Trading doesn't have to be a job, you can update four or five H4 charts and place orders in six or eight 10 minute sessions.



In other news, I placed my order with Big Jeff's Craps Tables the other day for a 6'x4' table with red felt, dark red oak stain, double chip rails, and a black arm rest for a total price of $1,618.92 after taxes and shipping (compared to 'practicing' at a live casino the table might as well be free).

I am convinced that there is no difference between scalping markets and playing craps when one places bets that can be turned on and off (buy/exit) and hedges bets. When you combine statistics, every shooter is good for a certain number of rolls, with position sizing and money management then it just might be beatable without dice setting.

So, yeah, I am going to open up my little Craps table demo account and see where this leads :lol:
Last edited by MightyOne on Wed Jun 08, 2016 5:20 pm, edited 1 time in total.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jun 08, 2016 3:22 pm

Braathen wrote:
Sacrophage wrote:
4000calories.. holy crap.. that sounds horrible :P
I know 260 pound bodybuilders who eat less then that :D
Im 220 myself and eating around 2400 calories.. im obviously tring to get down to 190 cuz im carrying some fat atm
but we are all diffrent in the amounts we need.
If you dont do any heavy lifting, hardcore cardio or work in construction then you can get by on very small amounts especially if your eating whole food only and getting enough fiber.


I weigh 195, as long as I don't take off my shirt no one knows that I am fat :lol:

I am sure that if a ride a bike and take jiu-jitsu that I will get down to where I want to be without going to the gym.

I wan't to look like Prochargedmopar someday, just not today...or tomorrow. :lol:

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MightyOne
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P&F

Postby MightyOne » Wed Jun 08, 2016 4:12 pm

Here you can clearly see that the price action is a cone.

The pen is pointing to the breakout of the cone, price finds the other end of the cone at around 19 or 20 and reverses for another breakout.

P&F_ZARJPY.jpg
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Re: The ideas that I trade by:

Postby Sacrophage » Thu Jun 09, 2016 12:20 am

Seems P&F profitability is a f(x) of box size, just like parameters of an indicator. If you solve for the smallest box size that is profitable over x period, does that translate to future action, and for how long is that box size valid? Also, if you select a box size that is too large, it seems you could end up getting whipped back and forth. Any ideas to find the porridge with the correct temperature?

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Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 09, 2016 3:09 pm

Sacrophage wrote:Seems P&F profitability is a f(x) of box size, just like parameters of an indicator. If you solve for the smallest box size that is profitable over x period, does that translate to future action, and for how long is that box size valid? Also, if you select a box size that is too large, it seems you could end up getting whipped back and forth. Any ideas to find the porridge with the correct temperature?


Since we are plotting movement, I first check to see how much movement is available.

The median of a series of ranges is far superior to the average, when it comes to trading, so that is what I use.

In the picture below you can see that there is large and small, no real median range, so I would go back further and select
something that is more in the middle of the ranges.

selection.png
selection.png (3.39 KiB) Viewed 244 times


The box size is then a percentage of the total movement.

Trial and error has led to 5% for H4, 10% for the daily chart, & 20% for the weekly chart.

Can you make the boxes smaller? Yes, but you go from plotting movement to plotting congestion.
You will get plenty of triggers but nothing that you can hold onto with any confidence.

I would continue to plot the chart for 6 to 8 weeks without recalculating, unless volatility forces me to do otherwise.

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Thu Jun 09, 2016 3:27 pm

MightyOne wrote: It is not the same, the small charts are much too sensitive for the HLC method; imagine price reversing over a line every 30 minutes :shock:

If you sat there plotting HL using a 1 minute chart then there would be no need for HLC, but is that what you want to with your day, sit there watching 4 or 5 one minute charts?
Even at the H1 level you are checking your charts for no reason, 5% of the weekly range is just too large of a move for an H1 chart.

You don't need perfectly accurate P&F charts, that is just the regurgitated belief of an anal person, you only need to see how you won or lost when you look down at your charts.

Trading doesn't have to be a job, you can update four or five H4 charts and place orders in six or eight 10 minute sessions.


Ok i get it :D

salezyakuku wrote:Eights4v - Manual price entry in indicator settings
Eights6v - Move line version
If you use 6v version there are essentially two ways how entry price can be changed:
1. move line 0.
2. edit 0 line price in Horizontal line properties.
Move line version using Global Variables. You can delete any currency price entry from Tools/Global Variables (eg. when price spike up and indi disappear 1000 lines above/below aka Brexit [-o< After reload indicator 0 line will apear at DOpen.
I also received some PMs that indi don't work. Downloading both 6v files, renaming to 7v helped ;).

Thank you salez that helped :D

So im trying to draw the 4H H/L P&F and the H/L +close

On the H/L when i come to a candle like candle A here:
Image
Looking at this candle moving both above and below how would you mark it up MO?
Maybe it is because i have not made my box size 5% of the median range.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu Jun 09, 2016 3:50 pm

MightyOne wrote: Since we are plotting movement, I first check to see how much movement is available.

The median of a series of ranges is far superior to the average, when it comes to trading, so that is what I use.

In the picture below you can see that there is large and small, no real median range, so I would go back further and select
something that is more in the middle of the ranges.

The box size is then a percentage of the total movement.

Trial and error has led to 5% for H4, 10% for the daily chart, & 20% for the weekly chart.

Can you make the boxes smaller? Yes, but you go from plotting movement to plotting congestion.
You will get plenty of triggers but nothing that you can hold onto with any confidence.

I would continue to plot the chart for 6 to 8 weeks without recalculating, unless volatility forces me to do otherwise.


And for targeting, go for 100% of the Median range for the TF, or of the highest TF that is aligned with your direction? Or, stay classical, no exit until first opposite signal?

Other observation, coming into all but the largest of cones (to pull back X # of P&F boxes) on a smaller tf bar chart, P&F will tell you to hold and trade through the cone in the direction of the last breakout.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Jun 09, 2016 4:00 pm

Braathen wrote:...

So im trying to draw the 4H H/L P&F and the H/L +close

On the H/L when i come to a candle like candle A here:

Looking at this candle moving both above and below how would you mark it up MO?
Maybe it is because i have not made my box size 5% of the median range.


You have to continue in the direction that you were previously marking points if it is possible to do so.

If you were marking lower points then check the low to see if you can mark points.
a) If you can then mark points and move to the next candle.
b) if you can't then check the high to see if you can mark a reversal column.
& if you are using HLC:
c) check to see if price closed in an area where you could mark a point for a reversal column, if so then
mark points to that area.


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