The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6020
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1660
Gender: Male

double shakeout after shakeout

Postby MightyOne » Fri Jul 22, 2016 5:02 pm

This is one of my favorite patterns.

USDZARH1.png
USDZARH1.png (43.24 KiB) Viewed 922 times

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

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 » Fri Jul 22, 2016 5:11 pm

Lil' Devil within Lil' Devil - Randy!

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 2
Real name: James
Gender: Male

Re: double shakeout after shakeout

Postby newark18 » Sat Jul 23, 2016 4:39 pm

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.
Failure is an opportunity to learn.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6020
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1660
Gender: Male

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6020
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1660
Gender: Male

BuyZone MODS

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

BuySpace.png
BuySpace.png (80.97 KiB) Viewed 719 times

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: 6020
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1660
Gender: Male

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?

EURUSDM5.png
EURUSDM5.png (65.81 KiB) Viewed 704 times

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1244
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 242
Location: South Africa
Gender: None specified
Contact:

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
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

salezyakuku
rank: 150+ posts
rank: 150+ posts
Posts: 159
Joined: Thu Mar 19, 2015 9:45 pm
Reputation: 70
Location: PL
Gender: Male

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?
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6020
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1660
Gender: Male

Re: The ideas that I trade by:

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


User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 2
Real name: James
Gender: Male

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?
Failure is an opportunity to learn.

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


Return to “TheRumpledOne”