The ideas that I trade by:

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Thu Jun 09, 2016 10:53 pm

MightyOne wrote:
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.


for_braathen.png


Thanks very much for taking the time to explain it! :D
Got it now.
"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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Jun 10, 2016 12:51 pm

Sacrophage wrote:
Shorted at 26 where your pen is, with a 2 box stop? Or short at 23 on the break of the low? Or entry off of candles once the setup is formed?


Short at 26 with a 2.5 box (3.5 line) stop.

The risk-box is 1.05% over 3.5 lines:
((.0105 / 3.5)accountSize) / lineSpacing = $/pip

You could go short at 23, according to tradition, but that would put you in the crossfire.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Jun 10, 2016 1:35 pm

I can't tell you how many times I recheck and redraw my charts. #-o

P&F_ZARJPY_3.jpg
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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Fri Jun 10, 2016 1:44 pm

MightyOne wrote:I can't tell you how many times I recheck and redraw my charts. #-o


Testing diffrent things? Btw that line in the top left that says median.. if that says 5.972 my box's should be 59 or?

GJ .. left is H/L and right is H/L+close
Image
"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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Jun 10, 2016 2:30 pm

Braathen wrote:
Testing diffrent things? Btw that line in the top left that says median.. if that says 5.972 my box's should be 59 or?

GJ .. left is H/L and right is H/L+close


I'll either miscount the number of spaces or forget to consider the close.

Your range is 597 pips.

H4 chart: 597 * 5% for a box size of 29.8 (lines = 20)

Daily chart: 597 * 10% for a box size of 59.7 (lines = 10)

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Postby MightyOne » Fri Jun 10, 2016 2:42 pm

...and now we break for art class :)

USDHKDH4.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Jun 10, 2016 3:14 pm

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aliassmith
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Re:

Postby aliassmith » Fri Jun 10, 2016 3:14 pm

MightyOne wrote:...and now we break for art class :)

USDHKDH4.png


Now I think you are making stuff up :D
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby Braathen » Fri Jun 10, 2016 3:18 pm

HA! Thought you x'd it out as rubbish.. but then! :D

Thanks very much for the for the explenation on the median and ofc this lovly addition to my chart :D
"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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MightyOne
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Re: Re:

Postby MightyOne » Fri Jun 10, 2016 3:34 pm

aliassmith wrote:
Now I think you are making stuff up :D


I'll keep drawing it differently until it clicks with someone.

Price doesn't go straight up because price is a discussion.

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