Three Charts

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Tue Sep 08, 2015 10:37 pm

GBP/USD

gbpusd.png
gbpusd.png (95.51 KiB) Viewed 790 times

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

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Wed Sep 09, 2015 5:21 am

Not sure about this one..

Edit: Exited, stupid me..

GBPUSD.afxM30.png
GBPUSD.afxM30.png (22.4 KiB) Viewed 762 times

User avatar
withnail
rank: 150+ posts
rank: 150+ posts
Posts: 163
Joined: Thu Sep 08, 2011 11:46 pm
Reputation: 0
Location: Amsterdam
Gender: None specified

Re: Three charts

Postby withnail » Thu Sep 10, 2015 2:55 pm

Seems you spider senses were spot on on after all :twisted:

May I ask how are you defining the 2d extremes you pick to trade off? If you take a 4 hour chart and zoom out so the individual candles are not visible would you still have picked the same one?, in this case and some of the previous trades?

(i thought this when I saw the previous cad charts also btw, but wasn't feeling sociable back then :) )

Just some thoughts / interaction.

Keep up the good work.

Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Thu Sep 10, 2015 8:09 pm

withnail wrote:Seems you spider senses were spot on on after all :twisted:

May I ask how are you defining the 2d extremes you pick to trade off? If you take a 4 hour chart and zoom out so the individual candles are not visible would you still have picked the same one?, in this case and some of the previous trades?

(i thought this when I saw the previous cad charts also btw, but wasn't feeling sociable back then :) )

Just some thoughts / interaction.

Keep up the good work.

Withnail


Thanks a lot for coming to this thread, Withnail!

I'm basically trying to teach myself how to trade using MO's teachings, but I'm very much a beginner so I don't have a clear criterion of what I am looking for (besides the obvious, 2D+). That being said I look for prior hard rejections and also look at price in the moment. I feel both are very important.

I have looked at some of my previous trades in light of your advice and I see your point, very much appreciated, thank you.

gbpusd.PNG
gbpusd.PNG (26.79 KiB) Viewed 633 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Three charts

Postby MightyOne » Sun Sep 13, 2015 5:47 am

Price moves a hundred & hundreds of pips from one long term extreme to the other.

Price cannot rise on wicks, neither can it fall without closing lower.

Ideas, Ideas made possible through 'space' & triggered by logic.

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

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Sun Sep 13, 2015 12:59 pm

MightyOne wrote:Price moves a hundred & hundreds of pips from one long term extreme to the other.

Price cannot rise on wicks, neither can it fall without closing lower.

Ideas, Ideas made possible through 'space' & triggered by logic.


Thanks MO!

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Sun Sep 13, 2015 10:25 pm

For those interested here is a site which offers charts of currency indexes:

https://www.mataf.net/en/forex-charts/c-index

The indexes are based on percentage changes of the various pairs instead of applying weighting factors, which makes sense in my mind.
So, the idea is to find one currency A which is bound to go up and another B which is bound to go down and then check the chart of A/B or B/A.

Example: CHF seems to be going up after hitting a long Z-line, and USD seems to be topping out. Here is a chart of USD/CHF:

USDCHF.png
USDCHF.png (108.91 KiB) Viewed 497 times


I plan to include this in my trading to hopefully find the best opportunities.
I will let you guys know how it works out.

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Thu Sep 17, 2015 7:32 pm

USD/CHF
Got lucky with this one, plan to hold it as I need to practice letting things run..

Edit: exited, seems to be going up

USDCHF.afxH4.png
USDCHF.afxH4.png (25.23 KiB) Viewed 429 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Fri Sep 18, 2015 12:45 pm

AUD/USD - attempting this one

Edit:
I'm letting this run, which I have problems with in general, so I have put the stop in and closed the platform :lol:

If you are reading this, I wish you a nice weekend.

AUDUSD.afxH1.png
AUDUSD.afxH1.png (22 KiB) Viewed 387 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three charts

Postby jrtrading » Wed Sep 23, 2015 9:03 pm

Just for the record, in case anyone is reading: I exited the trade above pretty early, couldn't let it run.

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


Return to “TheRumpledOne”