The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 12, 2016 1:48 pm

jrtrading wrote:MightyOne, is it possible you can explain more the X/O pattern you posted on Tuesday?
I see you posted more about it in the TRO TRADING VIDEOS thread just now, which helped.
What does the smaller [X/O] versus the larger [X/O] represent?


The past and the present are moving towards zero.

As things become more expensive ($3, $4, $5, $6, $8, $10, $12, $16, $20, $24,...) the value of the past is only
$3/$24 (1/8) what it is today so it has "faded" going into the present (the moment before change).

Let's say that you were gambling in a home game of Pai Gow (tiles) & you could bet anywhere from $1 to $100.
The guy betting the dollar would, in theory, have the advantage because he is getting more action when he has the edge.
But what would happen if the opponents steadily increase their minimum bets? They would march the past/present towards zero until they gain the upswing and then they would revert back to minimum size to expand their lead.

The guy betting just $1 will not realize his "edge" for a thousand lifetimes.

Now let's say that you were trading and could wager $30 to $3000 per line and win greater than even money... :lol:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 12, 2016 1:58 pm

If there is a breakout then 00 is the previous extreme, not the midpoint.

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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Fri Aug 12, 2016 2:03 pm

Thanks MightyOne for the reply,
Your answer was pretty deep so I will have to digest what you have written - again, thanks.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 12, 2016 4:56 pm

An update of PTG's chart.

The exact placement of the lines, that form the channels, is not important.

Observe this phenomenon and try to make better decisions:

EURJPYM5.png
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Re: The ideas that I trade by:

Postby v8power » Fri Aug 12, 2016 8:57 pm

MightyOne wrote:An update of PTG's chart.

The exact placement of the lines, that form the channels, is not important.

Observe this phenomenon and try to make better decisions:

EURJPYM5.png


I had a pitchfork drawn from who knows when pretty close to that. It allowed me to go from 113.60 to the HOD and then even tho I was mentally still bullish, I put on half a position short right before that massive selling at 113.75

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Re: The ideas that I trade by:

Postby TheRumpledOne » Fri Aug 12, 2016 10:24 pm

TRO.png
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CHART ON DRUGS...LOL

I added some inputs and new options for where to plot the lines from.

extern bool Show_Open = false ;
extern bool Show_High = true ;
extern bool Show_Low = true ;
extern bool Show_Close = false ;
extern bool Show_Mid = false ;
extern color colorHigh = Red ;
extern color colorLow = Blue ;
extern color colorOpen = Orange ;
extern color colorClose = Chocolate ;
extern color colorMid = Aqua ;

You can turn the lines on/off.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Fri Aug 12, 2016 10:29 pm

TRO.png
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Using daily high / low
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.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Fri Aug 12, 2016 10:33 pm

TRO.png
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Using the daily open.
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.

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Re: The ideas that I trade by:

Postby dr000 » Sat Aug 13, 2016 8:39 am

So I just looked at this monthly chart. Am I just being silly?

I don't know wtf I'm doing!
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Aug 13, 2016 3:58 pm

dr000 wrote:So I just looked at this monthly chart. Am I just being silly?

I don't know wtf I'm doing!


Look for the breakout and then trace it back to the congestion.

Don't mark everything, mark what is relevant to the ideas that are floating around in your head.

Is price above the monthly midpoint?
If so then the direction is up.

Was there a breakout above the high of the previous monthly candle?
If so then take long triggers above and short triggers below.

Is the midpoint of the current candle higher than the previous high?
If so then use the midpoint.

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