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My Baby

  • #61
  • May 21, 2017 12:23am May 21, 2017 12:23am
you maybe in fact able to use the "grid" instead of fibo?
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  • #62
  • May 21, 2017 2:16am May 21, 2017 2:16am
I love pyramiding in the positive direction.
The system seems to be ok if we can more often define the "Fuel" area correctly.
Fuel is a very important stage in order to reduce initial draw down caused by consecutive losses in a strong trend.

An alternative would be to skip the "Fuel" stage, and start after the "Turn" on "Momentum Reversal".


Thanks for sharing.
No guts, no glory
  • #63
  • May 21, 2017 3:44am May 21, 2017 3:44am
Quoting CindyXXXX
Which brings us to the fun part, the Mechanical Pyramid... will get into this when i get back from breakfast
Good Going Cindy. Your writings have a good structure and a smooth flow to them. Appreciate your generosity in sharing your hard work.

Thanks
  • #64
  • May 21, 2017 7:41am May 21, 2017 7:41am
Quoting abokwaik
I love pyramiding in the positive direction. The system seems to be ok if we can more often define the "Fuel" area correctly. Fuel is a very important stage in order to reduce initial draw down caused by consecutive losses in a strong trend. An alternative would be to skip the "Fuel" stage, and start after the "Turn" on "Momentum Reversal". Thanks for sharing.
Thanks for the kind words above

yes I used ro track 9 pairs and only the real movers... if i level didn't work out i would start a fresh with a new one
Time hides Nothing
  • #65
  • May 21, 2017 8:50am May 21, 2017 8:50am
'Hey cindy, thanks alot for posting this, its got my trading juices flowing I am slightly confused about your entry though, am i correct in thinking that you enter before you get a reaction from the level (So just as soon as a bar closes touching it) in an effort to secure the most pips?
  • #66
  • May 21, 2017 9:26am May 21, 2017 9:26am
Why did you stop trading this?
  • #67
  • May 21, 2017 9:54am May 21, 2017 9:54am
Good read, decent simple Money management strategy.
Thanks for sharing
Searching for some order in these apparent chaos...
  • #68
  • Edited 10:14pm May 21, 2017 9:59pm | Edited 10:14pm
thanks talk about market structure......
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The Average Discount Everything
  • #69
  • May 22, 2017 2:01am May 22, 2017 2:01am
Quoting Hazza88
'Hey cindy, thanks alot for posting this, its got my trading juices flowing I am slightly confused about your entry though, am i correct in thinking that you enter before you get a reaction from the level (So just as soon as a bar closes touching it) in an effort to secure the most pips?
Yeah actually I forgot to mention I used Chanels a lot to find my levels so when the market was extended to the top of a channel id be looking for confluence with levels (for shorts) borttim of channel for longs obviously...

so yes find a PRICE and roll the dice =p. First entry is simply a very loose hit on your chosen SR level
Time hides Nothing
  • #70
  • May 22, 2017 2:01am May 22, 2017 2:01am
Quoting brt
Why did you stop trading this?
Started getting mentored by a guy who is in and out all day I literrally didnt have the headspace or time to do both... Couldn't turn down the opportunity to learn from him
Time hides Nothing
  • #71
  • May 22, 2017 2:04am May 22, 2017 2:04am
Quoting CindyXXXX
{quote} Yeah actually I forgot to mention I used Chanels a lot to find my levels so when the market was extended to the top of a channel id be looking for confluence with levels (for shorts) borttim of channel for longs obviously... so yes find a PRICE and roll the dice =p. First entry is simply a very loose hit on your chosen SR level
When i get some time i will put some more posts into the FUEL part. Because really that is prob the most important bit, the rest is just management,
Time hides Nothing
  • #72
  • May 22, 2017 2:05am May 22, 2017 2:05am
Quoting CindyXXXX
{quote} When i get some time i will put some more posts into the FUEL part. Because really that is prob the most important bit, the rest is just management,
Hi Cindy, do you mind if I share my refined fossil fuel sometime in the future?
This is not investment/trading advise. Will not hold accountable for loss
  • #73
  • May 22, 2017 2:36am May 22, 2017 2:36am
Quoting yousername
{quote} Hi Cindy, do you mind if I share my refined fossil fuel sometime in the future?

feel free .. tweak it change it cut it paste it I don't care lol.. It's an easy one to test so that's the good thing
Time hides Nothing
  • #74
  • May 22, 2017 3:01am May 22, 2017 3:01am
Quoting CindyXXXX
{quote} Yeah actually I forgot to mention I used Chanels a lot to find my levels so when the market was extended to the top of a channel id be looking for confluence with levels (for shorts) borttim of channel for longs obviously... so yes find a PRICE and roll the dice =p. First entry is simply a very loose hit on your chosen SR level
Thanks for getting back to me, im also wondering if you draw your fib from the top of the the "turn candle" or the top of the swing where you took the position? Then as price moves down do you keep adjusting the top of the fib to the recent swing high or do you leave it at the top? Sorry if thats a seems an obvious question!

Cheers
  • #75
  • May 22, 2017 5:11am May 22, 2017 5:11am
Quoting Hazza88
{quote} Thanks for getting back to me, im also wondering if you draw your fib from the top of the the "turn candle" or the top of the swing where you took the position? Then as price moves down do you keep adjusting the top of the fib to the recent swing high or do you leave it at the top? Sorry if thats a seems an obvious question! Cheers
We get a top or a bottom it might be ON our FUEL level or maybe the market went past it so once we have the TURN there will be a TOP or BOTTOM price that the market hit after opening our first trade.. That's our Fib anchor point for the entire trade
Time hides Nothing
  • #76
  • May 22, 2017 5:22am May 22, 2017 5:22am
Quoting CindyXXXX
{quote} We get a top or a bottom it might be ON our FUEL level or maybe the market went past it so once we have the TURN there will be a TOP or BOTTOM price that the market hit after opening our first trade.. That's our Fib anchor point for the entire trade

Hi Cindy thanks for sharing, look forward to how to determine the initial fuel part.

I need to get a mentor - what do you look for and how do you know from your experience that they are legitimate. So many asking for thousands of pounds with no proof or results.

Thanks Alam
  • #77
  • May 22, 2017 5:47am May 22, 2017 5:47am
Quoting Alamhakim
{quote} Hi Cindy thanks for sharing, look forward to how to determine the initial fuel part. I need to get a mentor - what do you look for and how do you know from your experience that they are legitimate. So many asking for thousands of pounds with no proof or results. Thanks Alam
I never asked my mentor for proof of results, never needed too. How insulting that would have been
He offered me help for free

I knew he was good for it because i had seen his charts for years. They were works of art

Look i made this by my own handthis is nothing to do with what he taught me, ive given you everything that i made, its up to you to learn your craft, I spent many many hours in front of charts back testing until id back tested so much that it was now useless because id memorised the history subconsciously lol

All i can do is offer ideas that you will test and work with yourself im not gonna hold your hand. Its all there.

Eventually I will offer some ideas about the SR but seriously adopting an independent mind is important

Cheers Alam
Time hides Nothing
  • #78
  • May 22, 2017 6:04am May 22, 2017 6:04am
[quote=CindyXXXX;9896371]{quote} I never asked my mentor for proof of results, never needed too. How insulting that would have been He offered me help for free I knew he was good for it because i had seen his charts for years. They were works of art Look i made this by my own handthis is nothing to do with what he taught me, ive given you everything that i made, its up to you to learn your craft, I spent many many hours in front of charts back testing until id back tested so much that it was now useless because id memorised the history subconsciously lol All i can do is offer ideas that you will test and work with yourself im not gonna hold your hand. Its all there. Eventually I will offer some ideas about the SR but seriously adopting an independent mind is important Cheers Alam]


Appreciate the advice Cindy, so I also need to find a mentor as most successful people seem to have one.
  • #79
  • May 22, 2017 6:23am May 22, 2017 6:23am
Quoting Alamhakim
Quoting CindyXXXX
{quote} I never asked my mentor for proof of results, never needed too. How insulting that would have been He offered me help for free I knew he was good for it because i had seen his charts for years. They were works of art Look i made this by my own handthis is nothing to do with what he taught me, ive given you everything that i made, its up to you to learn your craft, I spent many many hours in front of charts back testing until id back tested so much that it was now useless because id memorised the history subconsciously
...
Put in your own due diligence and be your own mentor.
  • #80
  • May 22, 2017 6:42am May 22, 2017 6:42am
Quoting ChicagoRob
{quote}{quote} Put in your own due diligence and be your own mentor.
Thanks ChicagoRob, I have done this for over eight years, countless hours and hours in front of charts and no real net results to speak of honestly.
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