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mongolian replied May 1, 2011Awesome — I love it! Not even worried about the one that got away. It has to happen. It's part of business. This is how I finally was able to take an unprofitable trade and not bat an eye. I decided that I was in Sales. When you have a job ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Bruce — Glad to hear that you are working with it. Don't let frustration seep in when things don't go exactly as you expected my friend. Expectations can be dangerous - I know when I project my expectations onto the market and it doesn't abide ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Actually its a tick bar chart with 10 tick bars. Nothing wrong with time charts, i just prefer the tick charts.
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Interesting Mike, Thanks!
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011So far today — Just some thoughts on PA so far today...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Indeed — I like your thinking sir!
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Monday — Yes Andy - as soon as I put up that post, I saw there was another bank holiday. They are killing me. I am with you - used to love them, now - not so much.
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 20116 pip — I've tried running with a chart like this. It's hard and it's good. It's hard to see because there are soo many lines on the chart. It gets distracting. It's good in that I certainly see on the short short time frame - PA does turn on ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 20116 pip — Are you talking about adding in 2 more lines? Dividing the 12 pip areas in half? Kind of like this?
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Ken I love their charts. Are there drawbacks? Sure. But I like them. Their spreads are high, which is why I only have a little money in there, just enough to keep it open so I can use the charts. Especially with this type of trading, keeping your ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Making Pips — Indeed you are right. This is pretty much as short of a timeframe as I can trade. However I do have other charts, that sound similar to what you are doing - They use a higher Tick count for the charts and of course - look for ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Trailing Stops — Of course that can be done. I have not introduced that or any other filters yet, simply for the reason of keeping it simple. But yes - there are steps that can be taken to do that. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Levels — Thanks Mike, I have played with those numbers as well - 10 pip lines. I also have done it dividing each 25 area in 1/3's so basically 8 pip lines. They can work - like I have posted before, whatever kind of line you put up, you will ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Thanks — Toshi, much thanks. I've read many of your posts and I am honored that you and to be honest than anyone has taken interest in my little post. I started it mostly as an outlet for myself. Thanks again for the kind words. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Trading Time — I have put these charts up which start @ 5pm EST because that's when the trading day starts. I do not usually trade much then - but i have just been trying to put up charts that represent an entire day. You are right - that is ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011Answers — OK - Short @ #5 - PA ran up to 1.4650 and retraced. It failed to retrace back up to 1.4650 when it did not go back up @ the 1.4637/8 level. And to be honest - there should be a #4a trade in there at this level where I tried to re-go ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 1, 2011You're right — When you say it's a method which needs to be traded for some time and the trader needs to get used to it - You are 100% right. This isn't just something that I happened to pull out of my arse. This is over two years of work. Two ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied Apr 30, 2011Pair Question — Unless you have a setup with multiple monitors... I think it would be pretty difficult. I do have 3 pairs that I open each day, EUR/USD, EUR/JPY (my favorite) and USD/JPY (I wish this pair had move volatility to it, but alas... ...
Make Money Everyday - A Guide to Short-Term Trading