The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1779
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 276
Gender: Male

Re: The ideas that I trade by:

Postby aliassmith » Thu Nov 23, 2017 12:30 am

elkin.fernandez wrote:Some doubts:

These two bars are two scenarios of the same bar?

How does it help us? In order to know what are doing the price?.

This applies for all timeframes?.

Image


HATR = Hourly Avg. True Range
Trade Your Way as Long as It Makes Money!

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: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 146
Gender: Male

Postby MightyOne » Thu Nov 23, 2017 2:21 am

TRYJPYM15.png
TRYJPYM15.png (61.13 KiB) Viewed 761 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 146
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Thu Nov 23, 2017 4:32 pm

A weekly color strength indicator?

I'll have to check to see if TRO already has something similar...

3 box reversal, why not?

color_strength.png
color_strength.png (22.59 KiB) Viewed 718 times

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1430
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1455
Gender: Male

Re: The ideas that I trade by:

Postby Mira » Thu Nov 23, 2017 7:09 pm

MightyOne wrote:A weekly color strength indicator?

I'll have to check to see if TRO already has something similar...

3 box reversal, why not?

color_strength.png



Watching the charts today be like: :smt090
__________ THE :smt096 IS A LIE__________

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 146
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Fri Nov 24, 2017 2:51 pm

That's an insanely long weekly candle! Strength confirmed :lol:

EURUSDH1.png
EURUSDH1.png (27.45 KiB) Viewed 870 times

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

User avatar
Pjort
rank: <50 posts
rank: <50 posts
Posts: 42
Joined: Wed Aug 06, 2014 10:49 pm
Reputation: 58
Location: Denmark, Copenhagen
Gender: Male

Re: The ideas that I trade by:

Postby Pjort » Wed Nov 29, 2017 9:12 am

MightyOne wrote:
How does bar one turn into bar two without rising above (O+L)/2 or changing color?

only red bars push on the lows and only green bars push on the highs; there is no way around this.

If you enter at the midpoint then you will make at least half of the resulting range: so if every monthly bar is 500 pips then you will make 250 pips as long as price can match the previous low (red candles will likely remain red)

range.png

Smaller charts are bullish nearer to the extreme where as larger charts are bullish at higher price levels.

You can also give thought to how a bar appears and what it might look like after a retrace or by the close of the bar: this visualization can help with selecting entries and exits.


To enter at the midpoint - I gues that means to enter at the midpoint of the former monthley Candle- hence the current bar isnt finnished yet at then one dont know what is the midtpoint!!?

"the extreme" isnt that the same as "higher price level?

Anyway MO - have made some thought about EURYPY in context of the Monthly chart vs 15M chart.... Please have a look...
Screen Shot 2017-11-29 at 09.39.03.png
Screen Shot 2017-11-29 at 09.39.03.png (241.4 KiB) Viewed 765 times

At the monthly we see a downtrend from dec 014 to june 016
From june 016 to this date we have had a 0.68 rettrace playing out.
Do you think we will see a new downmove?
I have followed your ideas about patterns and breakout with great interest -
also together with my old interest in Larry Perseventos patternsrecognition and the idea about a 0.50 or o.68 retrace after a breakout seems to fit very often...
Have a nice day - and thanks for your reply...

Pjort

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 146
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Nov 29, 2017 5:22 pm

I use the fib retracement tool for drawing the lines but I do not use Fibonacci: line sizing and line management is more important than technical analysis.

Every chart is patterns and breakouts and all 'trends' are range expansions: simply trade what you see until you have an idea about an expansion.

No matter what method you use, it is a horizontal line in the end.

dnt_doit_hrd_way.png
dnt_doit_hrd_way.png (161.49 KiB) Viewed 729 times
reply(edited).png
reply(edited).png (17.74 KiB) Viewed 729 times

You can manage your lines however you want to.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 13204
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1724
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: The ideas that I trade by:

Postby TheRumpledOne » Wed Nov 29, 2017 5:26 pm

MightyOne wrote: No matter what method you use, it is a horizontal line in the end.



TOO FUNNY... LOVE IT!!
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 13204
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1724
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: The ideas that I trade by:

Postby TheRumpledOne » Wed Nov 29, 2017 5:28 pm

Wish I understood what you mean by "risk lines/make lines".
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.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1255
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 286
Location: South Africa
Gender: None specified
Contact:

Re: The ideas that I trade by:

Postby Jalarupa » Wed Nov 29, 2017 5:38 pm

TheRumpledOne wrote:Wish I understood what you mean by "risk lines/make lines".

Risk money... Make money...

A line is a pre determined amount of risk capital that you add to as you win... (collect lines)

Risking 1% over 30 pips
Assuming one line is 10 pips or 0.34%

If you make a line it means you take a small profit at 10 pips...

Your next trade is now 1.34% over three lines... So your lot size automatically increases but your risk remains relative to the initial 1%...

This is my crude understanding of it all... Fx Synergy does all of this stuff for me in the back end (plug)

I've even siphoned off a small slave account and geared it to mirror my normal trades but at 5 times the risk/position size...

The results have been Dragonesque to say the least... On a relative and absolute basis...
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>>

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


Return to “TheRumpledOne”