Seem to have some sort of glitch cannot post charts ?
- #2,144
- May 7, 2018 4:33am May 7, 2018 4:33am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
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- #2,146
- May 7, 2018 6:49am May 7, 2018 6:49am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Mastermind for some reason I cannot post any charts now, could you e-mail me again I have something interesting for you to see ?
Message sent your way.
Masterrmind.............
Master your Mind then Master your Trades
- #2,147
- May 7, 2018 6:50am May 7, 2018 6:50am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Up and running again, remember why i tried to present my charts like this? (The frost day) haha turning points {image}
Masterrmind.............
Master your Mind then Master your Trades
- #2,148
- May 7, 2018 6:55am May 7, 2018 6:55am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Actually this is the first time I see this pattern but I think it is good In this chart i select this pattern as I understand it I hope it is true {image}
No lagging indicators here, that means you need to delete MA's and that woeful ichy cloud from your charts before you post them here.
Clean as possible charts are the go in this thread.
Please remove your post and after deleting out the lagging indicators re-post it again if you wish.
Thank you,
Masterrmind...........
Master your Mind then Master your Trades
- #2,149
- May 7, 2018 6:57am May 7, 2018 6:57am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{image}{image} Top 16 bottom 256
If so lets hear it please.
Masterrmind.............
Master your Mind then Master your Trades
- #2,151
- May 7, 2018 9:35am May 7, 2018 9:35am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} New that one was coming, its always hard to give you a reply to that because i have more than one , the main problem is that i enlist some other indicators to help my eyes as my brain cannot cope on its own and you do not like seeing them, take my curve lines i only use them to see momentum over set periods , another thought is if you look at say a 256 than hone down to a 16 you can try to guess if the 0/8th 8/8ths are going to hold or reject which then gives a chartshift , many ways to scalp the rungs on the ladder it just depends how many...
Main reason behind the multiple use of strategies is so that I can swap and change (market dependent or not) or use them in tandem.
Much depends on personal makeup and how the trader views trading 1 or more strategies .... 1 is all you need !
A few of my close trading friends (pros) have some unusual trading strategies but they work for them.
If you are happy to take 25 pips at a time then that's perfectly fine.
I enjoy the MML conversations and I'm about to ramp it up a notch.
ps. I usually ask for the trade setup so I can see what you are thinking. A chart without any entry setup leaves far too much to the imagination !
Masterrmind............
Master your Mind then Master your Trades
- #2,153
- May 7, 2018 7:34pm May 7, 2018 7:34pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Range and Range Expansion
After a pullback of sorts enter closer to the 0/8 with a target at the 8/8 (full MML Grid trading range) for a long trade (opposite for a short).
I look at this in D1 mode but why not grab a little confluence and look where price is on the weekly and perhaps monthly charts.
Lets try dig up a good active example.
Masterrmind............
Master your Mind then Master your Trades
- #2,154
- May 7, 2018 8:12pm May 7, 2018 8:12pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Range and Range Expansion
The EURUSD [D1 Chart] shows a nice pullback into a popular Fib zone.
Notice how the pullback occurred thoughout the range of the MML Grid which ofcourse it will but price did not have to drop to the lower extremes.
Price could have pulled back to the 4/8 MML and continued up the chart ... but it did not.
So we have a slight case of confluence ... lower MML extreme zone 0/8 MML to -2/8 MML where we look to take the opposite direction (long here) on the back of a 61.8 to 78.6 Fib of the 'longer term trend'.
Now start adding in additional confluence such as completion of a Quad Long pattern (lower extreme zone), any signs of a changing market sentiment favoring strength in the Euro over the US (careful in this space) and harmonics.
Form an opinion based on chart structure price trading level now compared to 'recent' histroical levels of S & R.
Notice how price dropped straight through the 50% Fib level near a possible turning point close to the 1.21 handle.
However the market drove price lower (market sentiment and a series of bearish US news events assisted in this downward movement of PA).
Its possible chart structurally to see the pair drop further down the chart, and if it were to drop how far is it likely to fall before hitting major support.
Build up a highly confluent case for entry and apply a revised risk profile such as reducing risk per trade (%) on an entry you wish to take that is less confluent than you would typically like.
Stops in the range of a minimum 1 up to a maximum of 2 Octive Gaps.
D1 trading offers far more flexibility especially in the range of stops.
Start with smaller initial position size followed by larger position sizes if price moves in your favored direction.
Masterrmind................
Master your Mind then Master your Trades
- #2,155
- May 7, 2018 8:35pm May 7, 2018 8:35pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Be careful as the defining of a longer term trend is at the discretion of the trader. The EURUSD [D1 Chart] shows a nice pullback into a popular Fib zone. {image} Notice how the pullback occurred thoughout the range of the MML Grid which ofcourse it will but price did not have to drop to the lower extremes. Price could have pulled back to the 4/8 MML and continued up the chart ... but it did not. So we have a slight case of confluence ... lower MML extreme zone 0/8 MML to -2/8 MML where we look to take the opposite direction (long here)...
Perhaps this EURUSD chart causes hesitation in a proposed long entry.
Or does it ?
Masterrmind.............
Master your Mind then Master your Trades
- #2,158
- May 8, 2018 4:16am May 8, 2018 4:16am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Very good approach but why not stay on a Daily Chart and use 256,128,64 and 16 {image} {image} {image} {image}
The big chart outlook.
Perhaps too large to make any trading decisions from in my view.
Only as a guide or a building of confluence from a desirable D1 chart.
Masterrmind............
Master your Mind then Master your Trades
- #2,159
- May 8, 2018 4:44am May 8, 2018 4:44am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Masterrmind, A coloured coded fib tool modified to Murrey would be good ? Nearly a decent ADR in now, will we see at least a bounce ? {image} {image}
The fib tool might be useful but why not simply apply the MML indicator ?
Recall, that the octive levels are determined via a sequence of mathematical equations.
The highest price within a preferred (or chosen) range of bars (eg 64 Bars) is used to determine the fractal value from a choice of 10.
An initial range is calculated by the difference between the H and the L (look at my posted charts above these are the H & L price levels).
Note that this H and L is NOT 8/8 MML and 0/8 MML !
So are you seeking to apply a Fib tool at these H and L observable levels on the chart and to have the correct MML lines shown on the chart ?
Note that the range 0/8 up to 8/8 is greater than the range L up to H and that you would not be able to apply the Fib at the correct 0/8 and 8/8 levels unless you know exactly the prices at which they occur.
Ofcourse, it might be an interesting coding effort to apply a Fib from L to H but to have the lines offset to correctly correspond with the true MML levels (all 9 or 13 of them) since as I say the range is actually larger.
The other question is would you want the Fib levels to be drawn in at the correct historical levels over any TF and settings of any chart, this would require an Expert Advisor and could be coded.
I hope this makes some sense and is not confusing.
Better perhaps you annotate a chart and apply the Fib on the chart and then show me exactly how you would want the MML lines drawn.
Masterrmind.............
Master your Mind then Master your Trades
