no no ,mister MO
All the chart’ist is using is BTF (bigger time frame) candles. They look ‘pretty’ but won’t necessarily give you a better insight into when to and when not to enter a trade. Can’t see the TF but you could just as easily use a 4h and daily chart!
Hey SOM / MO (you know me yeah hehe)
Glad to see a thread of yours here at BP!
I am going to scientifically prove why 3CC works. Just want to make it more simpler to understand, especially for ppl who are less visual inclined (like me). Currently I have a very solid methodology to do so; just need to work out a statistical based indicator.
Previously I had trouble grasping it correctly due to how MT4 fashions zone based timeframes (an objective issue that creates subjective issues argg). With a certain recent discovery I had in my thread, I don’t think I will worry about that problem anymore. But I am getting convinced more and more daily about your ideas + methods.
What I might eventually discover can lessen the mysterious aura of your ideas and methods. Hope you don’t mind? =>
I would like to see what you come up with.
3xCC is not an easy chart to master.
Yup it isn’t easy. But right now I do see something 3xCC can tell me better when I find things like this in a chart through statistics + market sessions (simply dividing the 24 hour day into 8 + 8 + 8). The average yet extremely consistent hour by hour tick statistics showing up something like Elliot Waves?
Right now just need to keep on working backwards. Something is obviously there! And I am trading and winning off it all the time without knowing it.
[SUP][/SUP]
Accumulation <— (the least understood secret to making lots of money)
Markup
Distribution
Markdown
Cut your losses short
Liquidate your position when the picture changes no matter how many
pips you were willing to lose.
The only time that you “wait and see” is when you are sitting with
a profit.
Let your profits run
At any point where you could take a profit but decide to “wait and see” you should
increase the number of lots that you are holding:
If you have 5 lots and add 1 lot then you raise your stop 16.7% closer to the current price, but
if price moves up 35 more pips then you will make an additional 7 pips with the extra lot.
had you added 3 more lots to your position, your stop would move up 37.5% closer to the current price
and you would have made an extra 21 pips on a 35 pip move.
It is this exchange of “unnecessary space” for increased potential that is often the difference between a
winning & losing trader.
Sword, i can not believe someone like you present that idea in a very creative way. I dreamed for years to get it
Experts said we should trade with MTF but it is hard in practice. Seeing 3 tfs with 3 monitors is crazy when market moving fast. Once I wish i would have kind of 3 D chart where 3 time frames could appear at once.
Thanks for your effort.
P/s: If you could make a bunch of volume indicators in MTF like that, it would be great as well. Or even Boljinger bands in MTF ( bit of far- fetched :)) although your chart might not need any BB or other indicators anymore
I have made many friends over the years who are very gifted in areas that I am not, like coding indicators 
Jscar was kind enough to code the Trend-Setter and Multistack indicators for me free of charge.
The above picture is the multistack indicator on a 30 minute chart which is basically a 1, 2, & 4 hour chart with bodies that closed in the same direction stacked as in a column on a Point & Figure chart.
I’ll attach the indicators here but I have also created a thread called Jscar Indicators where it is posted as well.
jscar•indicators•2.zip (10.1 KB)
You can see in these links how you would trade these charts.
I thought to try and guess what you mean by Accumulation which i believe is the process of buying more than what your risk allow by selling some or all your position at a high level and reinvesting the profits to establish a bigger line as price return to fade the stops this can repeat several times before the trend get initiated
Maybe there is alot to it than what said above. I would like to see your view.
Sword.
Where you label position is the price where you would have liked to enter right?
If so. do you size your position so that you have space above that price? or is that the top of the space you
are using for that trade?
thanks the creative ideas!
When I say “position” I am never talking about an actual entry but staying power.
If I get a better price and the position is higher than I want it to be then I will increase my lot size.
When selecting a position to trade from, you should think about what you are going to do next to
protect the position; if price pins me for 20 pips and I reduce a position from 30 to 20 where will
50% more space put me on the chart given the remaining space?
Going a step further:
I have 20 lots now and a higher position so where am I on a larger chart?
Should I trade the larger chart after I reduce my lot size?
Maybe I’ll continue to trade the smaller chart and take partial profits, increasing my space to
a position on a larger chart, and go from there with a longer term idea.
The chart only matters when your A++ is on the line:
If you don’t have a position then the chart is meaningless.
If you have a small position then you can be more artistic with your orders.
Obviously a large position means that you get down to brass tacks :46:
So from your post you may have entered a number of trades in a particular direction on a shorter tf chart. As price moves against those positions you will close out a portion of the trades to give more ‘wriggle’ room and to also reduce your exposure, whilst considering staying in longer based off the longer tf’s… is this correct? My question is if you entered off a shorter tf set up you considered valid which subsequently went against you, would this not invalidate the reason for staying in? If you are simply switching to a longer tf as a reason to keep the trade/s alive, is there not a significant danger that a small loss will now turn into a big one. Apologies if I have misunderstood your post?
I do not make a habit of predicting what is going to happen next, my trades are anamorphic.
I construct a trading plan based on a multi period view & whether I enter on a long or short time frame
chart the price, at that point, is the same on both because price is the same on all periods.
The ideas are simple:
a) Price will move a hundred or hundreds of pips from one long term extreme or the other because price does move a hundred or hundreds of pips every week, month, & year.
b) Bodies show the direction of profit where as wicks show the direction of loss; if price is closing higher then it is probably not going lower. If I am long and price closes lower than “something” (a line) then price is probably not going higher.
c) Maximize profit by balancing staying power & lot size until the expansion of a long term range.
The risk amount does not change.
100% of space (distance to “position”) = x%
Whether I add/subtract lots, reduce/expand space, the initial risk remains the same or implodes if I so choose.
My “short term” trades are always size to longer term charts (~90p).
The main reason to trade short term is to grab space so that the combined gain is greater than a long term pointy place:
Lets say that I want to short a long term chart and price is moving sideways in 35-60 pip swings on the 15 minute chart. I might catch a few swings so that the total space is twice what I need when price breaks lower on the longer term chart & because of this I can double my position size.
Instead of 5 lots I might trade 8 and, when I revert back to 5 for the longer term trade, the gained space will be magnified by 60% (I will have a partial stop for 2 or 3 lots).
In the end most of trading is guessing so I stick with what I know:
The greater the number of lots/contracts that I can accumulate the more money I
am going to make when things work out…eventually. 
It is just repetition:
Go long, steadily increase lot size, (brick wall/small gain)
Go short, steadily increase lot size, (brick wall/small gain)
Go short something else, steadily increase lot size, (brick wall/small gain)
Go long, steadily increase lot size, price keeps moving higher, position is near max, price moves higher, +10% size, +10% size, +10% size, take enormous profit after significant range expansion.
It is a bit more involved than the above but you get what I am saying
Thanks for the detailed explanation. From your earlier post it seemed you were treating the two tf’s as seperate… I now see your probably buying into retraces and periods of consolidation on a longer PA move. :8:
How do you decide on that? I have been in such a situation many times when price reach its target on short time frame and I am tempted to take profit and maybe trade the retracement before establishing my line again at the extreme of the range… but with that I am risking to miss the move on long time frame or worse get caught trading against the trend.
An attempt at adding to growing position. Took all profits at 79.50 just before it broke out again so I left much on the table.
2012-06-12_0407 - prochargedmopar’s library
Now I’m in again trying to start new sequence…though I would love price to go back DOWN to 72.00 or even better, 69.00.
2012-06-22_1545 - prochargedmopar’s library
Ultimate target will be 87.00 either from here or next level down.
Still working the long side even though it’s the “end of the financial world” in Europe. LOL