The ideas that I trade by:

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MightyOne
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Postby MightyOne » Thu Jan 31, 2013 6:59 pm

trueblueTEX wrote:PebbleTrader, I obviously am a buck private in this army but my 2 cents is this: I want to trade so I can make money not to give me something to do 24 hours a day.
:-)

I forgot that Baldwin was in that movie, haven't seen it since it came out.

btw: the audusd is above the 12 on my fib and it wicked the 16 fib line.

What am I supposed to do now?

edit:


Nothing, you don't know what you are doing :lol:

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MightyOne
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Postby MightyOne » Thu Jan 31, 2013 7:03 pm

Step 1

The Idea Phase:

Image

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trueblueTEX
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Postby trueblueTEX » Thu Jan 31, 2013 7:09 pm

MightyOne wrote:Step 1

The Idea Phase:

Image


Aren't those 3 x's in last week and the dashed line at the bottom is the low for this week?

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MightyOne
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Postby MightyOne » Thu Jan 31, 2013 7:11 pm

trueblueTEX wrote:
MightyOne wrote:Step 1

The Idea Phase:

Image


Aren't those 3 x's in last week and the dashed line at the bottom is the low for this week?


You are looking at a weekly chart...

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trueblueTEX
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Postby trueblueTEX » Thu Jan 31, 2013 7:11 pm

MightyOne wrote:... Nothing, you don't know what you are doing :lol:


You are correct, sir! :lol:

And that is why I am here talking to you. :lol:

Hope'n to change that. 8)

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Postby trueblueTEX » Thu Jan 31, 2013 7:13 pm

MightyOne wrote:... You are looking at a weekly chart...


So when you talk about choosing a weekly extreme you don't extreme of the current week,

you mean an extreme on a weekly chart?

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Postby MightyOne » Thu Jan 31, 2013 7:17 pm

If you are looking at the weekly chart and can honestly say that you would move your stop to that location then sure.

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Postby MightyOne » Thu Jan 31, 2013 7:26 pm

What do you think you would do after the idea phase?

Ask:

Can I reach this position (the black x)?

How can I reach this position (short period voodoo)?

Where might I increase my size (leaving position at x)

-NEW WEEK OPEN---ding ding ding!

Where might I increase my size & do I have 'too much' space

What is my current gain on the account & should I liquidate.

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Postby trueblueTEX » Thu Jan 31, 2013 8:14 pm

Here's the weekly


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trueblueTEX
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Postby trueblueTEX » Thu Jan 31, 2013 8:16 pm

MightyOne wrote:What do you think you would do after the idea phase?

Ask:

Can I reach this position (the black x)?

How can I reach this position (short period voodoo)?

Where might I increase my size (leaving position at x)

-NEW WEEK OPEN---ding ding ding!

Where might I increase my size & do I have 'too much' space

What is my current gain on the account & should I liquidate.


I will ponder this.

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