The ideas that I trade by:

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goathed1
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Re: The ideas that I trade by:

Postby goathed1 » Mon Oct 24, 2016 8:19 am

OK.
I'm gonna derail this thread for a minute. Religion is great and all but this is a forum dedicated to trading. What is this chart telling you to do. I know bodies show the way MO. What are the clues? Where are the signs? I see nothing. But I do hear the sound of brokers cashing weekly checks on the likes of many. Whos next in line? Have you had enough? Would you like to cash out and color up?
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goathed1
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Re: The ideas that I trade by:

Postby goathed1 » Mon Oct 24, 2016 8:29 am

How about this one.
What can this chart tell us about the directional bias?
If there are any profitable retail traders out there please comment.
(cricket, cricket)
LMAO
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dchappy
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Re: The ideas that I trade by:

Postby dchappy » Mon Oct 24, 2016 12:22 pm

I see 123's and rat trades

on both charts...look for patterns at the highs and lows....

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Mon Oct 24, 2016 2:02 pm

goathed1 wrote:How about this one.
What can this chart tell us about the directional bias?
If there are any profitable retail traders out there please comment.
(cricket, cricket)
LMAO



I'll take a stab at it:

Small timeframe H1 chart.
GNH1.png
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Daily swing trade.
GNDaily.png
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"Trend" is down though so it's a roll of the dice. LOL
Drop to m5 and start buying ZL's
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Oct 24, 2016 3:30 pm

goathed1 wrote:OK.
I'm gonna derail this thread for a minute. Religion is great and all but this is a forum dedicated to trading...


This thread is dedicated to ideas.

A golfer cannot look for his ball without moving his feet, if he looks with his eyes only then he will not find what he is looking for.

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goathed1
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Re: The ideas that I trade by:

Postby goathed1 » Mon Oct 24, 2016 6:51 pm

MightyOne wrote:
goathed1 wrote:OK.
I'm gonna derail this thread for a minute. Religion is great and all but this is a forum dedicated to trading...


This thread is dedicated to ideas.

A golfer cannot look for his ball without moving his feet, if he looks with his eyes only then he will not find what he is looking for.

EURGBPDaily.png


I wish I was better at deciphering your posts MO. What would cause you to sell on the long candle up? :roll:

jscar
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Re: The ideas that I trade by:

Postby jscar » Tue Oct 25, 2016 2:17 am

"I wish I was better at deciphering your posts MO. What would cause you to sell on the long candle up? :roll:"

I don't interpret MO's post that way. With the big arrow, I see that MO has pointed out that within that long candle price fell back quite a way. He has presented an idea with the horizontal line that if price is not closing above that horizontal line ("something"), it is probably not going higher. Other such lines have also been presented for our perusal.


Hey MO! It's been a while. :shock:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Oct 25, 2016 5:25 am

jscar wrote:"I wish I was better at deciphering your posts MO. What would cause you to sell on the long candle up? :roll:"

I don't interpret MO's post that way. With the big arrow, I see that MO has pointed out that within that long candle price fell back quite a way. He has presented an idea with the horizontal line that if price is not closing above that horizontal line ("something"), it is probably not going higher. Other such lines have also been presented for our perusal.


Hey MO! It's been a while. :shock:


Jscar, what a pleasant surprise!

Yes, especially on a large chart, a weak close can be considered to be a bar in the opposite direction.

The chart showed a bias, entries are more P&F/TRO...

A Template for Entries:
1) make sure that you are sized correctly for the length of time that you plan on remaining in a trade.
2) call the prices between two lines "good".
3) initiate a trade when price is between said lines.
4) buy more if it is obvious that price is going to rally or you decide to stay in a trade after questioning it; if you cannot bring yourself to buy more then exit.

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MightyOne
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Update

Postby MightyOne » Wed Oct 26, 2016 10:33 pm

1) PERFECT_OPENS: if low > prev. open then low = prev. open, etc.
2) basic daily open line
3) Fav. modified version of EIGHTS (v11).ex4
4) Template.

For daily+ charts I use percent_of_range = 28.8% and lines solid every 5.
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MightyOne
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Postby MightyOne » Thu Oct 27, 2016 2:35 am

Pretty much the same as the way dchappy does it except:

1) we never mark a breakout (move from congestion) as the #2 point
2) after we are satisfied with the #3 point, we select 2 or 3 lines (no more than 2 areas) and enter if price is between them.

Each line on this chart is 6.7 pips

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