OK, It seems like I might be being 'bullied' in this thread. I'm asking constructive questions and have read the first 200 pages... so I think I deserve some courtesy.
Living the adventure in my head.
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DislikedOK, I've just re-skimmed through my notes:
I'm taking it we use the most simple definition of trend, HH+HL or LL+LH. Ideally we are looking to trade the 5m time frame trend which is in line with a higher TF trend... this enables safer rescues.
Am I correct so far?Ignored
QuoteDislikedThree Kingdoms = Wait for the majors to finish any retraces before entering a position. E.G. We are looking to trade EU short. We wait for GU to finish any upswing it may be making, and for UJ to finish any downswing it may be making.
QuoteDislikedThe most conservative rescue in which one can turn a loser around is 1,1,2,3,5,8 (Fibanosey).
QuoteDislikedIt's advised that attacks be less aggressive than rescues.
QuoteDislikedDepending on daily(?) volatility one should use different MM. Low Volatility = aggressive MM.
DislikedNope. Too aggresive. I will work and then tsunami and you will be dead.Ignored
DislikedBut FTI says that If one cannot make a profit a very large % of the time then they will not come out ahead. Anything less than 1,1,2,3etc will mean that losses will be frequent/losses will be impossible to rescue.Ignored
DislikedExactly... little and often. For one to win often, rescues need to be effective leaving one with a large % of positive trades.Ignored
DislikedExactly... little and often. For one to win often, rescues need to be effective leaving one with a large % of positive trades. Therefore, a lower sequence than Fibo will make it harder to recover losses... so 'junior' traders are advised to trade in a way which means they cannot be profitable?
Also, when does one know that a rescue has failed? Obviously they will be heavily in the minus... but is there any technical way to come to the conclusion "It's time to cut my loses now"?
This isn't directed specifically to you Lusan, I understand you're...Ignored
DislikedExactly... little and often. For one to win often, rescues need to be effective leaving one with a large % of positive trades. Therefore, a lower sequence than Fibo will make it harder to recover losses... so 'junior' traders are advised to trade in a way which means they cannot be profitable?
Also, when does one know that a rescue has failed? Obviously they will be heavily in the minus... but is there any technical way to come to the conclusion "It's time to cut my loses now"?
This isn't directed specifically to you Lusan, I understand you're...Ignored
DislikedFor rescue Starting out i would do 1,3,(8) attack 1,1,2,3.
Rescues are for wrongly time trades. If you against the trend i would bite the bullet. Also i wait 7 5min candles before rescuing.Ignored
DislikedA man in a hot air balloon realized he was lost.
He reduced his altitude and saw a man below.
"Excuse me, but can you help me?
I promised a friend I would meet him an hour ago but
I don't know where I am," he said.
The man below replied: "You are in a hot air balloon
hovering approximately 30 ft above the ground.
You are between 40 and 41 degrees North latitude and
between 56 and 57 degrees West longitude."
To which the balloonist replied:
"You must be a TAF member." To which the man on the ground said:
"I am, but how did you...Ignored
DislikedConsidering we are trading as FTI does, on the 5min charts, using higher ones for a bias... If we are against which trend (5m, 1h, 1d) should we bite the bullet? How would we decide to start a rescue? What kind of sign would we want to see from the 5m chart?
This leads to another question... If we are using a higher TF to find a/the trend, then I assume we would be OK with the 5m trend changing against us. So would we start a rescue when we can see the 5min trend has changed back to the direction of our initial position?...Ignored
DislikedHi ALL,
LAST WARNING.
There are those that can be helped.
Then there is the vast numbers that cannot.
For those that can be helped. Give them a little assistance to carry them thru the barrier. For those that cannot, helping them will just accelerate their demise.
Some have no aptitude for trading, they cannot be helped,WHATEVER you try.
Some have the aptitude and really just need a nudge to get them on their flight. For those that are elephants, helping them off the ledge, will just help them plummet to their deaths. Spare yourself the burden...Ignored
Dislikedleon.
in real time...
impulse then a.b.c
scout at ab
if c trades lower than a then first rescue/checker is invoked in c.d
if e trades lower than c then you are effectively trading against the trend
you can choose to flip or continue to rescue which will force you to draw back into a longer term chart to find new larger foot-prints
so you make a total of 2 entries before you choose to continue a losing fight or flipIgnored
DislikedHi FTI,
I agree completely, thanks.
Everyone's heard the man... Forget about the Elephants, and help me to master this method.
Cheers all,
Regards, LeonIgnored