Three Charts

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MightyOne
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Re: Three charts

Postby MightyOne » Sun Aug 02, 2015 8:45 pm

The monthly is too large to make accurate projections.

What I have found to work very well is to use the median range of the last three weekly candles:

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jrtrading
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Re: Three charts

Postby jrtrading » Sun Aug 02, 2015 9:21 pm

MightyOne wrote:The monthly is too large to make accurate projections.

What I have found to work very well is to use the median range of the last three weekly candles:


Thanks a lot for your feedback, MO, appreciate it.

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Re: Three charts

Postby jrtrading » Sun Aug 02, 2015 9:26 pm

USD/NOK. I have already posted a chart of this pair earlier but forgot to write an update so here it is.
The extreme I originally thought to be the extreme was not the extreme, unfortunately.
Here is a new suggestion:

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Re: Three charts

Postby jrtrading » Sun Aug 09, 2015 7:27 pm

For the record I have decided to go back on demo to learn how to accumulate, too much emotions otherwise.
Will continue posting again when things start to improve.

Best of luck to all.

Edit: And thanks for reading this thread!

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Last edited by jrtrading on Sun Aug 09, 2015 10:28 pm, edited 1 time in total.

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Re: Three charts

Postby jrtrading » Sun Aug 09, 2015 10:06 pm

If you are on a similar path as I am trying to go, I would recommend the "Instant Professional" post by MO, I found it very helpful to sum things up and also somewhat comforting, personally I have saved it as PDF on my dropbox for easy access.

Here is the link to the post (on the middle of the page):
https://www.kreslik.com/forums/therumpledone/the-ideas-that-i-trade-by-t3256/page920

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Re: Three charts

Postby jrtrading » Sun Aug 09, 2015 10:21 pm

I have also decided to try the one-on-one coaching with George Smith, primarily to help with my fear/shame of losing money. I will let you guys know how it turns out.

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Re: Three charts

Postby jrtrading » Mon Aug 10, 2015 2:49 am

USDCAD.afx1.gif
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Edit: Moved space up and set it as "waiting space" (pending order).

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MightyOne
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Re: Three charts

Postby MightyOne » Mon Aug 10, 2015 2:28 pm

Did you get filled on that trade?

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Re: Three charts

Postby jrtrading » Mon Aug 10, 2015 3:31 pm

MightyOne wrote:Did you get filled on that trade?



Yes, I got 1xR out of it. That will come well into use next time..
I've got about 4% OPM thus far with a lot of luck, started risking 0.75%.

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Re: Three charts

Postby jrtrading » Mon Aug 10, 2015 3:36 pm

Actually I decided to put some of the OPM on this trade, a bit unsure..

Edit: Sorry about the bad quality, the resolution is higher if opened in new tab / window.

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