Here is an updated picture from the first page of the JUST LINEYOUR WAY thread.
The ideas that I trade by:
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Re: The ideas that I trade by:
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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Plenty of opportunity to profit, but not the kind of profit that we like to see.
When price touches +1 and backs off then you might want to look for a +0.75 exit and if you can't get that then something above +0.5
The triple wicks before the red vertical line as well as the 40 SMA cross was an indication to step aside as you would only buy a down cross in a trending market.
The AO and MACD are just there to prove to you that it is giving the same indication as the line cross.
What about price crossing back above the 40, you say? The cross is not an indication to enter! You have your entry signal and you line it up with a potential line cross.
I am using an ATR of 10 & lines that are 25 pips apart.
When price touches +1 and backs off then you might want to look for a +0.75 exit and if you can't get that then something above +0.5
The triple wicks before the red vertical line as well as the 40 SMA cross was an indication to step aside as you would only buy a down cross in a trending market.
The AO and MACD are just there to prove to you that it is giving the same indication as the line cross.
What about price crossing back above the 40, you say? The cross is not an indication to enter! You have your entry signal and you line it up with a potential line cross.
I am using an ATR of 10 & lines that are 25 pips apart.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: The ideas that I trade by:
With that long sideways/down range, it is probably going to have to go to 0.77386 to have any chance of comfortably staying above the lines.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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- elkin.fernandez
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Re: The ideas that I trade by:
I traded same chart. But I opened my trade so early i was stopped!
My long term bag: Bitcoin, ZCash and Chainlink
Re: The ideas that I trade by:
IgazI wrote:AUDUSDM30.png
Did you see the other clues ? 123 's ? ...divergence ? The market speaks to us in many ways .........good job
Re: The ideas that I trade by:
TheRumpledOne wrote:John S. wrote:TheRumpledOne wrote:
Perhaps his idea what is intelligent and your idea what is intelligent differs.
What MOST OF US DON'T LIKE IS PEOPLE WHO GO OUT THEIR WAY TO BE ANNOYING TO MOST OF US!!
TRO - you create your own reality. If you want to be annoyed, then so be it! I'm amazed that I have this much control over your emotions....lol.
Have a great weekend.
No. You have NO CONTROL over my emotions. Most of the time, you are ignored. Think about it... If I truly were annoyed by you, I would have banned you... END OF ANNOYANCE!
TRO is now backpedaling from his earlier comment...........so funny, but not surprising. LOL.
Re: The ideas that I trade by:
dchappy wrote:IgazI wrote:AUDUSDM30.png
Did you see the other clues ? 123 's ? ...divergence ? The market speaks to us in many ways .........good job
Thanks for stopping by DC! Love the simplicity of your thread!
I find that the line chart itself is a great tool that draws your attention to the obvious and prohibits reading too much into the candles:
without the line chart on the M30 I might have thought about a triple bottom support level but you can see how easily the line charts tossed that idea out of the window.
Think simply, act simply; what more is there to say?
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re:
MightyOne wrote:You only need technical analysis to give you an idea...
From there it is just:
Position
Lot Size
Percent Gain
in other words, it is about your stop (Position) and accumulation more than it is about the chart or entries.
-Success is about getting paid for executing your ideas:
Do you want to make 850 pips at your minimum or maximum lot size?
Do you want to get paid $3,400 or $42,500?
Space traders do not work multiple weeks for 'small' gains:
the choice is easy for us: $0.00 or $42,500.
Bump
There's no business like [strike]show[/strike] covid19 business.
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