The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Tue Feb 12, 2013 1:52 pm

TygerKrane wrote:
aliassmith wrote:
aliassmith wrote:Daily


I can't win them all i suppose :(

Alias,
When you chose your entry position, was it a shot-in-the-dark kind of thing based on price returning to the origin of the green-circled D1 candle, or was there something deeper behind your decision? Or were you just hoping for a lucky position to start managing your SPACE & POSITION from?

Thanks

Image


It was a counter trend move based on the weekly candle showing a strong rejection and the daily moving back to a zero-line. Picking counter trend moves that become new trends is tough, playing with the trend is easier.
Trade Your Way as Long as It Makes Money!

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

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 2:59 pm

MightyOne wrote:For the sake of argument PT:

Image


Nice illustration, but you did kind of bias it to make the midpoint look better by having equal ranges :)

But actually how you biased it so it would create a horizontal line is the reason why I chose a step chart. So you fade out the bars/candles in the background and then look at the step chart horizontal line which price stays near, than you have a stable price for making decisions (and can still make a discretionary call if you see wicks beyond it)

You could come up with whatever method you want for how the step chart gets created...I'm looking at closes beyond an extreme by a certain number of pips (to factor out small changes)

Step Chart:
Image
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 3:05 pm

Same chart but this time I want to see at least 30 pips (from the last created horizontal line)(remember PnF?) and a close beyond an extreme before bumping the chart up/down:

Image
Last edited by PebbleTrader on Tue Feb 12, 2013 3:19 pm, edited 1 time in total.
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 3:15 pm

The market moves in deceptive ways, So I'm trying to remove some of the deception...but it's not removed, just faded out in the background
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 3:27 pm

"How about market makers are accumulating positions throughout the entirety of the "consolidation" period/range
before they make their next move to get the profit from their acquisitions.


The midpoint being their average price of accumulation.
(not jumping to MO's defense, per se, just someone's perspective that I've been reading/listening to/considering lately.)"

--------------------------------------------------------------------------------------

The professionals aren't the ones with the average prices, I think it's more likely showing where the intermediate "average traders" positions are from. (But depends on what kind of TF we are talking about)
Life is just a journey

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 Feb 12, 2013 3:31 pm

PebbleTrader wrote:Same chart but this time I want to see at least 30 pips (from the last created horizontal line)(remember PnF?) and a close beyond an extreme before bumping the chart up/down:

Image


Do you have something to draw those for you on MT4?

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 3:41 pm

Yes, it's an MT4 indi I wrote.

It's DONATIONAL.

If you want it you have to DONATE USEFUL IDEAS to this thread :)
Life is just a journey

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 Feb 12, 2013 4:42 pm

PebbleTrader wrote:Yes, it's an MT4 indi I wrote.

It's DONATIONAL.

If you want it you have to DONATE USEFUL IDEAS to this thread :)


Crap! :idea:

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Tue Feb 12, 2013 4:42 pm

PebbleTrader wrote:Yes, it's an MT4 indi I wrote.

It's DONATIONAL.

If you want it you have to DONATE USEFUL IDEAS to this thread :)


I would like to contribute :D

The first coupe posts is all that is needed. http://kreslik.com/forums/viewtopic.php ... sc&start=0
Trade Your Way as Long as It Makes Money!

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Feb 12, 2013 4:47 pm

"The first coupe posts is all that is needed"

Pretty much! Trading is so simple I find it really hard to come up with much to say!
Life is just a journey

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


Return to “TheRumpledOne”