THE MACRO PIP

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prochargedmopar
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Re: THE MACRO PIP

Postby prochargedmopar » Mon Jul 06, 2015 6:20 am

Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15? :smt069

DailyOnly.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Mon Jul 06, 2015 6:40 am

prochargedmopar wrote:Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15? :smt069



There was a double failure on the daily chart which prompted a closer look.

You can simply watch the daily and reduce from 3 to 2 units or from 5 to 3 and move your stop so that
it is unlikely that you will lose money...&/or you can use horizontal lines and decision points so that if
'this' or 'that' happens you will take a certain action.

Plan your trade and trade your plan, but...
...if you see something different then do something different


NZDUSDM10.png
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Re: THE MACRO PIP

Postby prochargedmopar » Mon Jul 06, 2015 6:46 am

Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.

CC.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: THE MACRO PIP

Postby MightyOne » Mon Jul 06, 2015 6:59 am

Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.


Sometimes you only need to know that it is there.

I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.

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Re: THE MACRO PIP

Postby prochargedmopar » Mon Jul 06, 2015 7:07 am

It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do you consider failures on this chart? Tallinex closes/opens

failures_.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Mon Jul 06, 2015 7:19 am

It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do yo consider failures on this chart? Tallinex closes/opens


I believe that last close and current open should be the same price & that is why I
use the 'perfect open' indicator.

The first failure is the higher low and the second is the breakout of said low and close higher.

NZDUSDDaily.png
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Re: THE MACRO PIP

Postby prochargedmopar » Mon Jul 06, 2015 7:39 am

Just to double check what we are looking for,

previousexample.png
previousexample.png (75.59 KiB) Viewed 290 times


Going in direction of the weekly trend would be a bonus.

Like here:

RedRats.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Mon Jul 06, 2015 8:18 am

Nothing is 100%, but these signals are very strong.

NZDUSDDaily.png
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Re: THE MACRO PIP

Postby volnmar » Mon Jul 06, 2015 9:26 am

MightyOne wrote:
Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.


Sometimes you only need to know that it is there.

I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.


please how to draw the right cone?
Just learning

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Re: THE MACRO PIP

Postby aliassmith » Mon Jul 06, 2015 12:09 pm

MightyOne wrote:Bodies, Wicks, & Horizontal lines:

eurusddaily.png


My favorite! :mrgreen:
Trade Your Way as Long as It Makes Money!

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