THE MACRO PIP

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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Thu Jul 02, 2015 10:24 pm

AUDUSDWeekly.png
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Current price is lower than 61 of the last 65 candle bottoms... smelling a green rat!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 2:05 am

TheRumpledOne wrote:
AUDUSDWeekly.png


Current price is lower than 61 of the last 65 candle bottoms... smelling a green rat!!


Am I the only one who can't stand looking at price gaps?

I understand their importance, I just would rather see them on a separate indicator.

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Re: THE MACRO PIP

Postby forexjpn » Fri Jul 03, 2015 3:52 am

This is exactly what I am most interested in at this time (trading D1). I was actually just planning on starting my own thread on this.... I probably still will to avoid clogging yours up with my nonsense lol, but.....really looking forward to further discussion here. Thanks MO.

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 5:48 am

forexjpn wrote:This is exactly what I am most interested in at this time (trading D1). I was actually just planning on starting my own thread on this.... I probably still will to avoid clogging yours up with my nonsense lol, but.....really looking forward to further discussion here. Thanks MO.


It is probably going to cause confusion because it is a completely different strategy than what I have been preaching, but it is too late now :oops:

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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Fri Jul 03, 2015 2:33 pm

forexjpn wrote:This is exactly what I am most interested in at this time (trading D1). I was actually just planning on starting my own thread on this.... I probably still will to avoid clogging yours up with my nonsense lol, but.....really looking forward to further discussion here. Thanks MO.


You do NOT trade chart periods (D1)... you trade PRICE!!

PRICE IS THE SAME ON ALL CHARTS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Fri Jul 03, 2015 2:34 pm

MightyOne wrote:
TheRumpledOne wrote:
Current price is lower than 61 of the last 65 candle bottoms... smelling a green rat!!


Am I the only one who can't stand looking at price gaps?

I understand their importance, I just would rather see them on a separate indicator.


What gaps are you talking about??

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 4:47 pm

The price gaps that are all over your chart...
is that an illusion or something? :D

What gaps are you talking about??

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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 5:03 pm

By adding decision points you can learn to act when you decide to act and wait when you decide to wait; no longer shall the illusion, the space between two points of time, twist and turn your insides while you are sitting in front of a chart.

I drew a low-tech cone at the end of the chart. You don't have to be skilled at drawing them, simply knowing that they are in the area adds perspective to your trading.

All that you need is 6 minutes 5 times per day, but if you can't find it then don't worry about it :lol:

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 5:15 pm

NZDUSD

No, I am not worried about people eating my pie; if a problem arises then I will solve it...and then post it :lol:

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 5:48 pm

You do NOT trade chart periods (D1)... you trade PRICE!!

PRICE IS THE SAME ON ALL CHARTS!!


You trade price over time; if this were not so then wouldn't you be using a renko chart or something similar?

An open/close is just a random price and a chosen time.

Candle color? One mans green is another mans red!

"A green candle closes, a red candle closes..." <--- if we just trade 'price' then what is this!

price IS the same on all charts, but we don't JUST trade price.

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