The ideas that I trade by:

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MightyOne
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Postby MightyOne » Sun Feb 10, 2013 9:04 pm

trueblueTEX wrote:MO, do you still use Trend-Setter and Price-Purifier? Do you still think they are useful? I'm rereading the Trend-Setter thread for about the 4th time.

Thanks
TEX


They are useful for seeing massive amounts of information on one chart & telling where you are in the big picture.

For 2013, I want massive account gains to be as close to mindless as possible to avoid another 4 years of charting 101.

This is my personal 2013 setup:

The weekly+ chart IS your trade chart.

Your stop IS your ENTRY into the WEEKLY+ chart.

The main reason for choosing a smaller chart, to execute your trades, is the survivability of your initial Space; the one with 'YOUR' money in it :lol:
The second factor is the speed at which you can safely (w/out moving your position closer) accumulate lots before the weekly expansion/trend.

Our tools are:

Line chart w/ range (price bars)

Horizontal line: Is price generally higher or lower than 'something'

Small Chart 1-2-3's: as with Horiz., can be used as triggers.

Large Chart 1-2-3's: mainly a fail-safe consideration to keep you trading in the right direction.

Point to Extreme Trendlines:
Image


Channels, angle reuse, steep breaks:
Image


Position: our prime location cattle ranch.

Space: our land =)

Lot Size: our cattle... MOO-ney ;)

-Position, accumulate, expansion, distribute (liquidation).

-Seek to be creative with how you use your Space and your skill will grow

-I no longer consider closing prices (to avoid shifts).

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Postby MightyOne » Sun Feb 10, 2013 9:41 pm

Image

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MightyOne
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Postby MightyOne » Sun Feb 10, 2013 10:09 pm

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.

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trueblueTEX
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Postby trueblueTEX » Sun Feb 10, 2013 10:11 pm

MightyOne wrote: The main reason for choosing a smaller chart, to execute your trades, is the survivability of your initial Space

What size do you use for your "smaller chart"?

MightyOne wrote:the one with 'YOUR' money in it :lol:


I understand you!! :lol:


MightyOne wrote: Horizontal line: Is price generally higher or lower than 'something'

How are you determining "the" location for the horizontal line?

Is this a HZ line on the weekly or on the "smaller" chart? And is it only one possible line for the particular chart TF? Or is it somehow a discretionary HZ?


MightyOne wrote: -I no longer consider closing prices (to avoid shifts).


I really don't understand the reason for the above change.

Thanks a lot MO. I believe it will still be a while before I get this stuff down but I keep feeling like there's a 'jelling' taking place in my head and I don't think it's the arteries :lol:

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Postby MightyOne » Sun Feb 10, 2013 10:40 pm

Image


If you can't tell if price moved above and is staying above 'something' then I don't know what to tell you =)

You need to generate an idea and then merge all of your actions into the weekly+ idea.

The question is how you would use your Space to achieve the desired result of Position and lot size on a large chart:

Knowing WHAT you need to do (Position & lot size) is the starting point from which you plan the HOW the hell am I going to do this.

Personally I just drink a beer, lean back in my chair, and then do the first thing that comes to mind.

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Postby xXx » Sun Feb 10, 2013 10:55 pm

MightyOne wrote: This is my personal 2013 setup:

The weekly + chart IS your trade chart.



MO's personal 2014 setup:

The monthly + chart IS your trade chart.

MO's personal 2015 setup:

The annualy + chart IS your trade chart.



:smt003 :smt003 :smt003
I could not resist as last year we had just Daily +

Now being serious thanks to MO for his wisdom :idea:

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Postby MightyOne » Sun Feb 10, 2013 11:15 pm

xXx wrote:
MightyOne wrote: This is my personal 2013 setup:

The weekly + chart IS your trade chart.



MO's personal 2014 setup:

The monthly + chart IS your trade chart.

MO's personal 2015 setup:

The annualy + chart IS your trade chart.



:smt003 :smt003 :smt003
I could not resist as last year we had just Daily +

Now being serious thanks to MO for his wisdom :idea:



I promise to cap it at the quarterly charts :shock: :lol:

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Postby trueblueTEX » Sun Feb 10, 2013 11:27 pm

MightyOne wrote:

If you can't tell if price moved above and is staying above 'something' then I don't know what to tell you =)


Gotcha! Won't ask you that one again.:oops:


MightyOne wrote:
Personally I just drink a beer, lean back in my chair, and then do the first thing that comes to mind.

What brand do I get? :lol:
Bottle or can?

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MightyOne
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Postby MightyOne » Sun Feb 10, 2013 11:39 pm

I drink Budweiser or Coors.

I prefer glass bottles but will opt for cans with twist off lids when sitting at the computer (so that they can be chucked into the can).

=)

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Postby trueblueTEX » Mon Feb 11, 2013 5:46 am

Hey MO,

what do you mean by "angel reuse"?

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