ZL, D+ extremes, TL breaks, cones

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Mira
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Re: ZL, D+ extremes, TL breaks, cones

Postby Mira » Sat Dec 19, 2020 9:15 am

cheunt3 wrote:
Mira wrote:Every time I tried to stick on 15* lines I ended up with a 100* headache :lol:

I don’t get it, where do you place lines? At swings? As a classic pitchfork?
Are they traded as horizontal lines? (Close/don’t close above/below)
Do they really give you more than horizontal lines?


"Do they really give you more than horizontal lines?"

If you have 15 degree lines on your chart, hold your LCD and turn it until your lines look horizontal. You may be able to see your charts in a whole new light :)


"where do you place lines? At swings?"

I do.


Damn, cheunt3, you’re the man 8)

I did it with a thepark’s random chart and it’s so simple, however, how does it give you an edge over horizontal lines?

Just asking, I always loved diamond idea but left many times, thanks.
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Re: ZL, D+ extremes, TL breaks, cones

Postby cheunt3 » Sun Dec 20, 2020 3:15 am

Mira wrote:
cheunt3 wrote:
Mira wrote:Every time I tried to stick on 15* lines I ended up with a 100* headache :lol:

I don’t get it, where do you place lines? At swings? As a classic pitchfork?
Are they traded as horizontal lines? (Close/don’t close above/below)
Do they really give you more than horizontal lines?


"Do they really give you more than horizontal lines?"

If you have 15 degree lines on your chart, hold your LCD and turn it until your lines look horizontal. You may be able to see your charts in a whole new light :)


"where do you place lines? At swings?"

I do.


Damn, cheunt3, you’re the man 8)

I did it with a thepark’s random chart and it’s so simple, however, how does it give you an edge over horizontal lines?

Just asking, I always loved diamond idea but left many times, thanks.
7EA87CFC-BE1C-4713-BD6E-CF59240D3412.jpeg


"how does it give you an edge over horizontal lines"

Isn't any line that you think price may react to an edge? Not sure what you are asking.

Maybe the question should be do angles work for you or do horizontals work for you?

Or can you use both? I can't. Angles look more natural to me.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: ZL, D+ extremes, TL breaks, cones

Postby IgazI » Sun Dec 20, 2020 6:25 pm

The magic is in the wizard, not the wand.

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Re: ZL, D+ extremes, TL breaks, cones

Postby IgazI » Mon Dec 21, 2020 2:13 am

Humor me.

Draw an 'X' at the beginning of a trend and mark every entry all the way up to where the trend ends, even if the trade doesn't work out.

Now go back and for each entry, after the first, touch the 50% level, between the entry and your stop loss, the 75%, and then draw a new 'X' slightly above
the 75% (roughly the 66% ret).

How crazy did you get with your adds? did it 'significantly' increase your chance of getting stopped out?

The progression that this works with is: 2 + 1 + 1 + 2 + 3 + 3

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Re: ZL, D+ extremes, TL breaks, cones

Postby TheRumpledOne » Mon Dec 21, 2020 4:29 am

IgazI wrote:...

The progression that this works with is: 2 + 1 + 1 + 2 + 3 + 3


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

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Re: ZL, D+ extremes, TL breaks, cones

Postby Mira » Mon Dec 21, 2020 10:52 am

cheunt3 wrote:
Mira wrote:
cheunt3 wrote:
"Do they really give you more than horizontal lines?"

If you have 15 degree lines on your chart, hold your LCD and turn it until your lines look horizontal. You may be able to see your charts in a whole new light :)


"where do you place lines? At swings?"

I do.


Damn, cheunt3, you’re the man 8)

I did it with a thepark’s random chart and it’s so simple, however, how does it give you an edge over horizontal lines?

Just asking, I always loved diamond idea but left many times, thanks.
7EA87CFC-BE1C-4713-BD6E-CF59240D3412.jpeg


"how does it give you an edge over horizontal lines"

Isn't any line that you think price may react to an edge? Not sure what you are asking.

Maybe the question should be do angles work for you or do horizontals work for you?

Or can you use both? I can't. Angles look more natural to me.


I don’t know, I don’t have your English, however to me a horizontal line is NOT an edge.
My edge is momentum, my edge is MTF analysis and eights.

I was just asking btw, it’s obvious that you gotta do what makes money for you :mrgreen:
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Re: ZL, D+ extremes, TL breaks, cones

Postby IgazI » Mon Dec 21, 2020 2:28 pm

It is 2 + 1 + 1 + 2 + 3 + 3, TRO, because that is how you bring the added risk to zero while only consuming 1/3 of the space
between your last entry (0) and your previous stop loss (100).

1. 2/3 (2/3)
2. 3/4 (3/4)
3. 2/3 (4/6)
4. 2/3 (6/9)
5. 3/4 (9/12)

If you follow the instructions, in the above post, then you should see the X's appear as a parabolic series that follows the trend;
but more importantly is what happens to your risk-space and how the reward side of your ratio is increased:

Number of pips to achieve an equal reward for risk:
18
12
9
6
4
3 ... in the space of 18 pips you are making 6:1 on your money.

I always know how many trades it takes to make up my losses and return to a positive number;
one, it only takes one trade.

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Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Mon Dec 21, 2020 3:20 pm

IgazI wrote:It is 2 + 1 + 1 + 2 + 3 + 3, TRO, because that is how you bring the added risk to zero while only consuming 1/3 of the space
between your last entry (0) and your previous stop loss (100).

1. 2/3 (2/3)
2. 3/4 (3/4)
3. 2/3 (4/6)
4. 2/3 (6/9)
5. 3/4 (9/12)

If you follow the instructions, in the above post, then you should see the X's appear as a parabolic series that follows the trend;
but more importantly is what happens to your risk-space and how the reward side of your ratio is increased:

Number of pips to achieve an equal reward for risk:
18
12
9
6
4
3 ... in the space of 18 pips you are making 6:1 on your money.

I always know how many trades it takes to make up my losses and return to a positive number;
one, it only takes one trade.


You have to keep adding in that sequence until you hit 12:2 of your original size so if you make 3 pips at max size that's equivalent to making 18 on min size? but whats the significance of 18 pips?

im currently adding after the trade but not during the trade. just taking how many pips i made and adding it to my box to up my size.

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Re: ZL, D+ extremes, TL breaks, cones

Postby IgazI » Mon Dec 21, 2020 5:20 pm

"You have to keep adding in that sequence until you hit 12:2 of your original size so if you make 3 pips at max size that's equivalent to making 18 on min size? but whats the significance of 18 pips?

im currently adding after the trade but not during the trade. just taking how many pips i made and adding it to my box to up my size."



If I would use a 9 pip stop on a small chart then I want a risk-box of 9 pips after my first three trades; your wants might be different.

I am a swing trader so I am not going to be doing things the same as a day trader or scalper:

if I take half of the lots off on a low break then I add it back when price again moves in the direction of profit, it is no big deal!

If you are a day trader then you might start over with a new risk-box after achieving 2 or 3 to 1.


If you know how to plan your moves using retracement levels and that price moving to your stop is a bad thing then you have more than enough
information to come up with your own trading plan.

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Re: ZL, D+ extremes, TL breaks, cones

Postby IgazI » Mon Dec 21, 2020 6:42 pm

Could you trade better? yes.

Do you need to be a better trader? no!

1. Place a stop
2. move a stop
3. be aggressive
4. have an escape plan

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