The ideas that I trade by:

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MightyOne
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Re: double shakeout after shakeout

Postby MightyOne » Sat Jul 23, 2016 5:35 pm

newark18 wrote:
MightyOne wrote:This is one of my favorite patterns.

USDZARH1.png


Trading the second horn inside a second horn of a higher time frame? As you may notice, I am not that familiar with head and horn patterns.


Any horizontal line above the head is a valid buy signal as long as it is within your risk-box.

Larger patterns tend to 'bloat' so I said that we should probably wait until Monday to look for a buy signal...
I wasn't expecting the chart to spawn demon offspring :shock: :smt096

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BuyZone MODS

Postby MightyOne » Sat Jul 23, 2016 6:18 pm

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Postby MightyOne » Sat Jul 23, 2016 6:47 pm

A basic knowledge of cones/channels can help filter out stupid trades.

Here we start by drawing the channel as a single line and then flesh it out with the thinner lines.

We have a green area BZ, how do you trade it, what do you see?

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Re: The ideas that I trade by:

Postby Jalarupa » Sat Jul 23, 2016 7:19 pm

Hey MO, could you explain the makeup of a buyzone...? I see your 01 / 01 levels are not the same as mine on my EURUSD...

I was wondering if it is a setting in your mod of Salezy's indi or if you have refurbed the indi to give you new guidance?

Many thanks
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Re: The ideas that I trade by:

Postby salezyakuku » Sat Jul 23, 2016 7:29 pm

MO changed % from 2.25 to 1.8. Probably some OPM or narrowing after add.

MO, lower line from BZ +/- 9,3 is 75% from 3 lines?
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Re: The ideas that I trade by:

Postby MightyOne » Sat Jul 23, 2016 11:51 pm


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Re: double shakeout after shakeout

Postby newark18 » Sun Jul 24, 2016 2:17 am

MightyOne wrote: Any horizontal line above the head is a valid buy signal as long as it is within your risk-box.


Do you mean any close over a "something" above the head is a valid buy signal?
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Re: double shakeout after shakeout

Postby MightyOne » Sun Jul 24, 2016 6:46 am

newark18 wrote:
MightyOne wrote: Any horizontal line above the head is a valid buy signal as long as it is within your risk-box.


Do you mean any close over a "something" above the head is a valid buy signal?


A trigger is 'valid' the moment it is defined; say that the trigger is a close and it is a close.

I currently use a blend of bar-chart, horizontal lines, & point+figure.
If I am looking at an H4+ then I will consider closes because then the close represents a trend, if you will.
On the smaller charts, M1 through H1, you can think of the congestion that forms after a breakout as the 'close'.

If I don't start an Ideas_2 thread soon... :lol:

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Re: double shakeout after shakeout

Postby v8power » Sun Jul 24, 2016 2:32 pm

MightyOne wrote:
newark18 wrote:
MightyOne wrote: Any horizontal line above the head is a valid buy signal as long as it is within your risk-box.


Do you mean any close over a "something" above the head is a valid buy signal?


A trigger is 'valid' the moment it is defined; say that the trigger is a close and it is a close.

I currently use a blend of bar-chart, horizontal lines, & point+figure.
If I am looking at an H4+ then I will consider closes because then the close represents a trend, if you will.
On the smaller charts, M1 through H1, you can think of the congestion that forms after a breakout as the 'close'.

If I don't start an Ideas_2 thread soon... :lol:

USDCADH1.png


Don't play with my emotions, been waiting for that new thread like.. :mrgreen:

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Re: double shakeout after shakeout

Postby MightyOne » Sun Jul 24, 2016 2:47 pm

v8power wrote:
Don't play with my emotions, been waiting for that new thread like.. :mrgreen:


If you see a bar chart then it is Ideas_2 :D

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