The ideas that I trade by:

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MightyOne
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Postby MightyOne » Mon Jan 07, 2013 7:05 pm

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nimo350
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Postby nimo350 » Wed Jan 09, 2013 12:12 am

nt
Last edited by nimo350 on Thu Feb 06, 2014 12:28 pm, edited 1 time in total.

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trueblueTEX
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Postby trueblueTEX » Thu Jan 17, 2013 3:17 am

MightyOne wrote:My charts are pretty naked XD

The only time that I draw on my charts is when I am sharing it as a picture.

The indicators on the chart are:

II_CC_LITE (free) loaded 3 times
II_H_EXTREME_COO ($$$$) to point out DWM high extremes and closes over the open price.


Image


Hi MO,

what differences do you make in the settings of the 3 copies of II_CC_LITE(free)?

I guess you have regular bars/candles set to the background color?

I read where you said you post a lot in the first quarter(?) of the year... I hope that is still true! :)

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MightyOne
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Postby MightyOne » Thu Jan 17, 2013 4:36 am

This year I would like to keep things as simple as possible and for that we turn to a line chart setup (1 MA HL/2) w/ grayed out range in the background:

Image

Our trade chart is always a weekly+ (pref. 9 days); of course by that I mean that we work our small charts into longer term setups with maxed out lot sizes (eventually).

The stop placement that you would use on a weekly+ chart is what I refer to as good position.
There are a few ways that you can achieve this:

1) It just so happens that your space is in range of the extreme.
2) You were late to the party but got filled for a nice initial unit size that, when reverts to min., moves your position to the extreme.
3) You couldn't be more late to the party: price made the extreme 2 bars ago, the last bar closed lower than 'something' and now price is range bound. Your play here is to liquidate near the extremes of the range and reenter for larger and larger lot sizes, for the same lvl of risk, until you can revert to min. size & a position at the extreme.

If you don't know what to do then do something short term.
If your short term trades don't work out then do something medium term before placing another short term trade.

Form ideas that you can use to take action.

Let space tell you what you CAN do.

Just do it.

:wink:

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Postby PebbleTrader » Fri Jan 18, 2013 4:37 pm

"line chart setup (1 MA HL/2) w/ grayed out range in the background: " :smt023
Life is just a journey

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Postby trueblueTEX » Sat Jan 19, 2013 3:06 am

This is a demo account. I sold on the 10th and went in the hole about 140 pips. I'm just working on entries at the moment and not planning the lot sizes. I just found Vane's pdf on "Blind Mouse Strategy MM" and I'm reading space wars on Insanity. So I will work on MM later.

Initial sell was above the thumbs up. Should have waited.

I put in the sell limits on on the candles where the check marks are.

Any comments that would have kept me out of bad entries and helped me make smarter entries?
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MightyOne
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Postby MightyOne » Sat Jan 19, 2013 4:20 am

I can't help you, you are going to have to ask Bredin ;)

My only entry/'position' ---> IS <--- my stop loss.

The distance between my fill price and my stop says something about the period that I am trading & little else; your fill price sets a box size that is used for the R/R ratio (although you can reduce the box size and thus increase the ratio by increasing your position size).

If you want to learn from Bredin then learn from Bredin.

If you want to learn from es/pip or dragon then ask them questions.

If you want to learn from me then don't read up on my failed attempts to make you guys profitable traders :lol:

I get better at teaching every year (or so I hope).

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trueblueTEX
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Postby trueblueTEX » Sat Jan 19, 2013 4:39 am

MightyOne wrote:....

If you want to learn from me then don't read up on my failed attempts to make you guys profitable traders :lol: .....


Do you mean stay out of Blind Mouse?

btw: does that also mean I wasted the 110 pages I just printed out of MO quotes and charts? :oops:

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MightyOne
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Postby MightyOne » Sat Jan 19, 2013 8:12 am

All that I am saying is that I am 95%+ sure that I know how to jumpstart a novice to where they are profitable in a matter of weeks not years.

It works like this:

Position
Lot Size
Percent Gain
-in this EXACT order!

'Position' is where ever you would place a stop on a weekly+ chart.

Lot Size is what pays your bills, measure your success in SIZE and POSITION!

Percent Gain (multiples of 12.5%) are the profit targets (not pips).


-If you really want to do something useful with your time then:

1) Master SPACE!
2) study methods of trailing stops (what is position again?)
3) learn how to trade advanced options on Stocks and Futures:
This is a good intro:

http://www.amazon.com/Make-Money-Tradin ... 26+options

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trueblueTEX
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Postby trueblueTEX » Sat Jan 19, 2013 4:23 pm

Ordered!

Throughout this past week on the EU, when, on the chart, would you have chosen a position and what would that position have been?

Have you a specific suggestion where I should go to learn about space?

I thought you didn't actually use a stop but only a 'mental' one so as not to get wicked out.

Thanks, MO!

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