The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5248
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Jan 29, 2013 5:18 am

Now all that you need to do is find price closing higher than 'something' on a small chart and then see if your space can capture that something from a long term extreme and you are good to go.

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

nimo350
rank: <50 posts
rank: <50 posts
Posts: 44
Joined: Thu Sep 01, 2011 6:40 pm
Reputation: 0
Gender: Male

Postby nimo350 » Tue Jan 29, 2013 5:28 am

nt
Last edited by nimo350 on Thu Feb 06, 2014 12:27 pm, edited 1 time in total.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5248
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Jan 29, 2013 6:29 am

'Something' is short for:
price is generally higher/lower than 'something'

I use a small area (thick line) for my line in the sand (LIS).

If my LIS is from $1 to $2 and price is lower than $1 ('something') then the the upper boundary of the line, at $2, is the new 'something'.

You will know something when you see it ;)

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Tue Jan 29, 2013 1:42 pm

This is AUD/USD right now. I've placed the 00 of the fib a "comfortable" distance away from the peak to the left.

Believing that price is going down, I would either short 12 units if price goes down to the next fib line or I would short 16 if price comes up to the above fib line.

Correct? Wrong? What am I leaving out?

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Tue Jan 29, 2013 4:15 pm

Is your 00 Position over a weekly plus extreme old chap?

your ## is where you enter your trade -

my eyes cant read your fib numbers - i must be aging fast
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Tue Jan 29, 2013 4:25 pm

Captain Pugwash wrote:Is your 00 Position over a weekly plus extreme old chap?

your ## is where you enter your trade -

my eyes cant read your fib numbers - i must be aging fast

The turquoise line is the weekly (this week) extreme and is about at the resistance level of the 25th of last week (peak to the left).

I'm not sure it's a smart move to short it, just checking if most of my "technicals" are right and what I'm forgetting. Or interpreting incorrectly, such as my view on the weekly extreme....

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Tue Jan 29, 2013 5:28 pm

Ahoy Blue

This means your space is very very tight - so much that you may get spanked.

Try positioning behind a further weekly extreme - this give breathing room - so if price goes against you it cant do your space too much damage - it allows you to relax

If an H4 candle closes over your if/then line just close up and use your new space on another setup.

This is just my opinion - but for the first trades in a sequence try to enter on an extreme and not in the middle of some price action - I am talking of Daily plus stuff here.

Bredins example a few pages back shows the sort of distances we are talking about here ( don't worry about the different notation - its the principle that's important. mark up a chart exactly the same - it will show you better than just looking at it
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5248
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Jan 29, 2013 6:55 pm

Captain Pugwash wrote:Is your 00 Position over a weekly plus extreme old chap?

your ## is where you enter your trade -

my eyes cant read your fib numbers - i must be aging fast


## is your minimum unit size, not necessarily where you enter a trade!

If you are in a trade then ## is the current price so yeah you are forced to enter there.

As price retraces to the 05 unit line then 05 units is technically ## because ## to 00 is your space AFTER you enter and ## then equals 05 units.

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Tue Jan 29, 2013 7:04 pm

Man, I'd love to see a video of one these trade sequences being run!!!

nudge-nudge-wink-wink

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5248
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Jan 29, 2013 7:05 pm

Who do I look like? ICT?

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


Return to “TheRumpledOne”