Just to recap...
You will see a 2 line zone with a line under it on all of my charts because that (and some dchappy) is all that i use.
The ideas that I trade by:
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- Mira
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Re: The ideas that I trade by:
MightyOne wrote:Just to recap...
You will see a 2 line zone with a line under it on all of my charts because that (and some dchappy) is all that i use.
1_more_time.png
Thanks MO, simple and powerful!
I’m looking where people is buying (opposite 123s or breakouts) to place my targets.
Usually they match (obviously ) with a big candle close on one timeframe or another.
__________ THE IS A LIE__________
- Mira
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Re: The ideas that I trade by:
SIMPLE = POWERFUL
The only “problem” is the first target, that is the only one that I need.
But if you try to be very conservative at this first step everything will be ok.
The only “problem” is the first target, that is the only one that I need.
But if you try to be very conservative at this first step everything will be ok.
__________ THE IS A LIE__________
Re: The ideas that I trade by:
Mira wrote:MightyOne wrote:Just to recap...
You will see a 2 line zone with a line under it on all of my charts because that (and some dchappy) is all that i use.
1_more_time.png
Thanks MO, simple and powerful!
I’m looking where people is buying (opposite 123s or breakouts) to place my targets.
Usually they match (obviously ) with a big candle close on one timeframe or another.
The lines are the targets (risk lines, MAKE LINES)
When your size is at minimum then you might target 2, re enter, and then target 3:
Focus on what you need first (size, you need SIZE) and then concern yourself with the possibilities.
When your size starts to become uncomfortably large then you are going to move to H4 lines, making sure that you have something tradable on H4, and then use the M30 to fine-tune your H4 entry.
Now that you have OPM in your risk-box you are going to perhaps target 2.5 to 3.5 lines & then 3 to 5 lines & eventually D/W trends or an MN candle:
but you are not going to have big targets at minimum size because you will not make enough money to offset the loss of time...
if you want to risk a line at weekly size on a monthly chart, in addition to your short-term trades, then that's fine as you are not looking for profit as much as you are trying to score a few easy lines.
SSG is a 1 line risk strategy: MN candle closes in a weekly line, enter as price exits the zone.
You can micro manage from smaller charts if you wish to do so.
- Mira
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Re: The ideas that I trade by:
MightyOne wrote:Mira wrote:MightyOne wrote:Just to recap...
You will see a 2 line zone with a line under it on all of my charts because that (and some dchappy) is all that i use.
1_more_time.png
Thanks MO, simple and powerful!
I’m looking where people is buying (opposite 123s or breakouts) to place my targets.
Usually they match (obviously ) with a big candle close on one timeframe or another.
The lines are the targets (risk lines, MAKE LINES)
When your size is at minimum then you might target 2, re enter, and then target 3:
23.png
Focus on what you need first (size, you need SIZE) and then concern yourself with the possibilities.
When your size starts to become uncomfortably large then you are going to move to H4 lines, making sure that you have something tradable on H4, and then use the M30 to fine-tune your H4 entry.
Now that you have OPM in your risk-box you are going to perhaps target 2.5 to 3.5 lines & then 3 to 5 lines & eventually D/W trends or an MN candle:
but you are not going to have big targets at minimum size because you will not make enough money to offset the loss of time...
if you want to risk a line at weekly size on a monthly chart, in addition to your short-term trades, then that's fine as you are not looking for profit as much as you are trying to score a few easy lines.
SSG is a 1 line risk strategy: MN candle closes in a weekly line, enter as price exits the zone.
You can micro manage from smaller charts if you wish to do so.
SSG_strategy.png
Thanks MO!
So the risk in lines doesn’t change (2 or 1) and targets are expanded along with size.
Do you think that there is an optimal size (in proportion) to switch to the next timeframe?
If we want to keep the same size we should double the risk box on H1 before moving to H4, or it’s not necessary?
Thank you again
__________ THE IS A LIE__________
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Re: The ideas that I trade by:
Mira wrote:
Thanks MO!
So the risk in lines doesn’t change (2 or 1) and targets are expanded along with size.
Do you think that there is an optimal size (in proportion) to switch to the next timeframe?
If we want to keep the same size we should double the risk box on H1 before moving to H4, or it’s not necessary?
Thank you again
To move from M30 to H4 you double your line width and halve your size: you are now making the same amount of money over wider lines.
If price moves far enough away from your entry and the H4 generated a sell signal then you can hold for a multiple of H4 lines with M30 size.
The default risk is 2 lines but if you lose 2 and some change (eg -2.34) then that is fine as you are going to add a line after a losing trade.
You may need to trade at H4 size right away to dampen the chart volatility, reduce the %spread, or return margin.
As you think about the safety of your lines and the danger of losing more than what is in the risk-box you will naturally gravitate up the chart periods.
- Mira
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Re: The ideas that I trade by:
All I want is a strong position on gold.
I don’t know if it’s better opening a low leverage account to trade spot (is “spot” the right word?) or to buy a call option.
BTW it wanna PUSH!
I don’t know if it’s better opening a low leverage account to trade spot (is “spot” the right word?) or to buy a call option.
BTW it wanna PUSH!
__________ THE IS A LIE__________
big candle color
It didn't close bearish so the question is what to do when the candle is red and price is going up
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: The ideas that I trade by:
Mo, You still alive bud? Missing your updates.
Re: big candle color
IgazI wrote:It didn't close bearish so the question is what to do when the candle is red and price is going up
MO.png
Im no MO by any means but, You buy the yearly low around 1.8650 It was support all across the D/W/M and you had a easy entry off the hourly charts. Then you look for an exit that any idiot could find, maybe look for a retrace and place to enter again. Just saying. I could be wrong. Probably I'm wrong.
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