- Search Crypto Craft
-
scottymoll replied Dec 1, 2010xXTrizzleXx, Excellent post! Thanks for taking the time to put that summary of your thoughts and interpretations together. I think it helps shine the light on what CP is trying to show us. I can only hope that you'll continue to chime in on this ...
It's kind of curious...the war between price and indicators
-
scottymoll replied Nov 30, 2010May I kindly ask that those of you who have something against CrucialPoint or his posts, please refrain from posting in this thread. We've got a great thing going here and I know many of us are actually learning a lot from his posts (as cryptic as ...
It's kind of curious...the war between price and indicators
-
scottymoll replied Nov 30, 2010Exactly! So is your hemisphere based off all the lines (daily, 4-hr, 1-hr) on the chart, or do you have one boundary line that you use for reference?
It's kind of curious...the war between price and indicators
-
scottymoll replied Nov 30, 2010Is there any advantage to having multiple "buy/sell hemispheres"? For example, in one of CP's older posts, he shows how you can place lines for the open of the daily, 4-hr, 1-hr, etc. Instead of trading when price is only above/below one of those ...
It's kind of curious...the war between price and indicators
-
scottymoll replied Aug 5, 2010Now that's some confidence! Can you give me a hypothetical example of what you mean by "entering with almost all the free margin you have"? Say you've got 100K. How many lots would you trade and with what risk and reward. Feel free to use this AUD ...
Price is everything
-
scottymoll replied Aug 5, 2010Yes! A loss, when taken correctly, should make us feel good that we stuck to our plan. Then, move on and look for that next great setup... because there is going to be plenty more, all day long.
Price is everything
-
scottymoll replied Aug 5, 2010I'm right there with you. I've been there before. I consider it tuition. Part of the learning process.
Price is everything
-
scottymoll replied Aug 5, 2010From what I've seen, absolutely! Although I hate to hear that you've blown two accounts. Hopefully not recently. MM is so key in this game. I've learned that the hard way.
Price is everything
-
scottymoll replied Aug 5, 2010I've been at it for about 8 years. I've gone through most of the phases of a developing trader. It hasn't been until recently that I started gaining confidence in what I was seeing. I really think I'm on the verge of becoming a great trader...
Price is everything
-
scottymoll replied Aug 5, 2010Because trading is not complicated. People make it complicated. Trading is quite simple when you know what to look for. A complex system of indicators and rules will have your head-spinning about whether to take the trade or not. KISS
Price is everything
-
scottymoll replied Aug 5, 2010So you trade fulltime? How long have you been doing that for? I hope to make the switch one day. It's my dream to trade for a living
Price is everything
-
scottymoll replied Aug 5, 2010Small pullback on AUD and GBP.... but nothing to worry about. I think you'll see your targets on the next push down
Price is everything
-
scottymoll replied Aug 5, 2010I feel like it's rare these days to find trader who post calls real-time along with their reasoning
Price is everything
-
scottymoll replied Aug 5, 2010Beautiful call! I hope you risked 40% margin on those two trades!!! haha
Price is everything
-
scottymoll replied Aug 5, 2010Do you use a percentage based model for risk (ie: 2% of account)? With your R:R and win rate, I bet you can multiply your account quite quickly. Correct?
Price is everything
-
scottymoll replied Aug 5, 2010Appreciate you commentary — Hey Red, I'm a silent reader of your thread, but I just wanted you to know that I really appreciate and enjoy your commentary. Excellent charting techniques which produce outstanding R:R trades. Keep up the good ...
Price is everything