The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Dec 30, 2016 6:12 pm

The range of a bar can only expand upwards if price is above its midpoint, simple.

The close of a long-term bar is the current state of the expansion, whether price is moving up or down;
just look at last weeks bar, do you think that price was above or below 'something' moving into the next bar?

I am only thinking one thing when I am looking at small charts and that is how I can get my
lot size up prior to a major move (H4/daily trend or weekly/monthly bar).

For us simple folk, who are not trading gods, we are just trying to make more (much more) money in one trade than we
we lose trying to get into that one trade.

Small trades are "victories", the advantage moving forward, not wins.

Some people are born to be mercenaries & their small wins are their livelihood & there is nothing wrong with that,
but this thread assumes that you are fighting for queen and country :lol:


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Mira
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Re: The ideas that I trade by:

Postby Mira » Fri Dec 30, 2016 6:53 pm

I have no idea what i am doing :lol:
This is not so easy..

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Mr. Hyde wrote:
Jalarupa wrote:Nonsense Hyde! Your charts have been great! Thanks for sharing... You are making it work for you, seeing the underlying DNA of the market...

This is the most powerful method of trading... Bar none...

It's amazing, the insights that it brings (the constant profit is also greatly welcome)

I like what MO said about confidence in yourself... This is so important in translating a winning strategy into profit...

FOLLOW THE SPIRAL!


Thanks. I guess It just comes down to trusting yourself, which can be hard with a lack of expiernece on the so so trade setups.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Dec 30, 2016 7:15 pm

Mira wrote:I have no idea what i am doing :lol:
This is not so easy..


1) what moves are considered breakouts?
2) where are the breakouts coming from?
3) get artsy, mark what you are seeing in your head
without worrying about it looking pretty:

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Mira
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Re: The ideas that I trade by:

Postby Mira » Fri Dec 30, 2016 8:38 pm

MightyOne wrote:
1) what moves are considered breakouts?
2) where are the breakouts coming from?
3) get artsy, mark what you are seeing in your head
without worrying about it looking pretty:


Thanks MO!
The first thing i'm trying to learn from you is TO THINK.

Ehm..
First i found breakouts

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Then i draw lines as it makes sense in my head..

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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Dec 31, 2016 12:52 am

Do not THINK.
Accurately SEE and IDENTIFY.
Then act and trade accordingly.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Mira
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Re: The ideas that I trade by:

Postby Mira » Sat Dec 31, 2016 7:19 am

TheRumpledOne wrote:Do not THINK.
Accurately SEE and IDENTIFY.
Then act and trade accordingly.






Thanks TRO, you're right.

To SEE not to THINK!

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Mira
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Re: The ideas that I trade by:

Postby Mira » Sat Dec 31, 2016 7:03 pm

A new year is just a new candle :mrgreen:

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Re: The ideas that I trade by:

Postby Mira » Mon Jan 02, 2017 7:39 pm

Hi MO

I'm sorry for this stupid question but
can't we simply wait for a trendline BO?

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Re: The ideas that I trade by:

Postby MightyOne » Tue Jan 03, 2017 6:46 am

Mira wrote:Hi MO

I'm sorry for this stupid question but
can't we simply wait for a trendline BO?



Using a TL as part of your strategy isn't such a bad thing, but I would not use the TL break as a signal to enter.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Jan 05, 2017 5:51 am

RISK = DOLLARS / STOP LOSS.

SPACE = DOLLARS / %R

Risk is comprised of lines, between & the sum of which is 'space', that are at intervals which are based on a percentage of a pairs weekly median range.

Because space is the same for all pairs, say 2% of the median weekly range, every pair moves at the same 'monetary speed'; DOLLARS / %R or dollars per segment of range. Again, it does not matter which currency is strong or which is weak as the median range of each pair is divided into the same number of segments so that each pair has roughly the same profit potential.

You should, from the perspective of a swing trader, be able to look down at the chart and use 2 or 3 lines as your risk without feeling like your stop is too tight.
%R is set to what works for M5 to H1 charts, if you want to use something smaller then you might use (2/3)%R . As a general rule, you cut your position size in half and double the width of the lines to trade the next largest chart(H1-H4-D1-etc); you don't have to concern yourself with how many pips you should risk on a larger chart as you have the same number of lines and you risk them in the same way as the other periods.

If you can think of a line as if it were a pip then you can begin to understand why the lines are widened on larger charts:
if you see 64 lines on the H1, turn to the H4 and see 64 lines, turn to the D1 and see 64 lines, turn to the W1 and see 64 lines, & turn to the MN and see 64 lines then you can say that every chart is visually the same, and thus traded in the same manner, regardless of time frame; there would be no smaller or larger period, just uniformity. The trade results will come at a faster or slower pace, but isn't that the case no matter what; albeit not to the same degree?

PROGRESSIONS/'ADDING'/CREATING NEW POSITIONS:
Let's say that you are adding size using the progression '1 + 1 + 1 + 1 + 1 + 1 + 2 + 2 + 3 + 4 + 5' & that your current position size is 8x your initial size.
You would move to the next largest chart by cutting your current size in half, but you will still be in the same spot in the progression; the only difference is that each 'addition' is 1/2 of what it was before.
The first three entries is the scaling in stage & your stop loss remains unchanged. The additions that follow reduce the risk-space to the 75 RET of the previous stop loss and the entry price, creating an entirely new position.

The risk-space is reduced, but the width of the lines remains the same. Imagine a sheet of lined paper as your total risk, tearing it in half will reduce the total risk-space but it will not change the width of the lines that are printed onto the paper; you can reduce your position size to tape on more paper, but you cannot change the width of the lines without changing periods.

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