The “your” money “their” money argument is the very first thing that everyone brings up.
If you sold your house and put it in a trading account then you would understand what “your” money is.
If I funded your account with the value of your home and told you that you did not have to pay me back
then YES it would be “your money” but it would also be a very different situation than using YOUR MONEY.
Exactly, you have to detach and see the wins as extra space, like using house money at a casino. Thats why I see a goal as being important ie. double an account or do it for a month or a year until you convert it to your money to use on yourself etc.
Thank you SwordOFManagement. Im not sure if I fully understand the use of the indi yet, but im working on it. Is this indi used primarily for figuring top and bottom levels, so that you can use the Space concept with it. For instance I see a top and bottom level on the silver trend. We know price moves from support to resistance. So once we are headed in the right direction we utilize space using say the Blue for entry and exits to make space larger and smaller on the silver trend levels? the other colors give us an idea whereto add and subract?
Or am i still out in the woods by myself? lol
-dojirock
Profit springs forth from an idea encapsulated in a plan of action.
An open/close chart is basically a LINE CHART where each section is shown as a real body instead of say dots or not marking the closes at all.
Let us say that I point to a green candle and ask you where you wish you had entered, what are you likely to tell me?
a) from the lowest low of the period
b) from the open
c) from the highest high
Well guess what, if you keep moving up the periods you are always looking at ONE candle and you are always pointing to the same spots wishing you had entered.
If in six months these levels are beyond reach then you might focus on a daily or weekly extreme and either trade it in the direction of profit or to the close off of the high period extreme (the larger the period the greater the average distance between the high and the close).
Hello SwordOFManagement,
what do you think of the application?
Image - TinyPic - Free Image Hosting, Photo Sharing & Video Hosting
View image: gu m15 17 feb 2012
Best regards.
-guandi
Interesting concept.
BTW the chart doesn’t work like that, as far as I can see. Between each block of each colour there is a time shift. After completion of a block it is shifted to the left. Looking at them in the past they will never line up.
You can see price levels and interesting s/d levels and how quickly price left a level in that time shift. The only time the different colours line up is in the present. I am trying to watch the chart right now on the 1 minute to see if there is some correlation if they all close over something at the same time, i.e. the ‘trend’ in each shift is going the same direction at that point in time, then act upon that (at some previous important price s/d level) - i.e. right now EU is a possible short and I’m looking to see if this helps read PA.
This is what I see right now on EU
I’m just watching this: Friday is a watching day for me. Is a close over that line enough, or do I wait for it to break the low first - I will find out soon enough.
Still undecided if this makes an entry tool or if it’s better to just see s/d levels
Still undecided whether this would be the short here how this works or if it needs to go below the bottom line - that’s breaking out of the hourly up bar
Hi,
Not like I’m an expert on looking at this, the waves are just shifted, the idea is top down analysis and not for lining up.
What I’m trying is to look at grey then blue for an idea for major sr, then red and black for entry.
Exactly, as I understand it, feel free to correct…its like looking at time charts, 5,10,20,40 (as an example) all on one chart. Using the silver…your looking for a sign of trend is moving a certain direction as a bias or longterm, and the red and black are for trend short term…to help determine entries and exits…thus giving us +/- space…which is the ultimate frontier!..with the space…we can survive the drawdowns…or pullbacks because we are looking at the silver for our long term trade…we can reduce lots when the black or red show a counter trend of the silver… and add lots when it moves the same direction of the silver…ultimatly we decide how much space we need to be comfortable…
all and all if you risk 2% of your account…thats it…2%…the gains over a few days or even week can add up to be enormus. When you fee the trend cycle is over…close it and start again…2%:??? for the next cycle…
Sword of Management, please tell me if this is the jist of it… then I will try to figure out what questions I need answered to trade it…because for me…long term…even Daily extremes…??? which I still cant say…im a master of even knowing what that is…(man where is Vane when you need her!..lol)
Im feeling pressure to get this…and Sword of Management, Im not blaming you , I am forever greatfull for your help. What it comes down to, is im not asking the right questions to better my self, over the past year…its been more…look what I can do…which…sucks,cause it isnt much…when it comes down to it…except I dont lose money anymore…(but I dont make it either) I need to help you help me by asking the right questions.
I started reflecting on this when the guys that have given so much time on other forums I have been to help us noobs, and we just want to act and talk like them…but Iwas just mimicking…not really learning. One by one I see these trading gurus, that are a wealth of info, drop off the forums one by one, or at least spend alot less time on them due to they are making money trading. MO, Dragaon, Adseb, ES/pip, AJ, Vane, they are slowly disappearing.
I feel the train is leaving soon and I better get my list of questions ready or forever be stuck.
-dojirock
That’s what I was saying in effect 
But the bars on the right hand side are happening NOW
If the charts were not pulled forward then I would have to scroll back & if I had to scroll back or switch periods to check for longer term price action then what would be the point of the indicator?
Black will look nearly the same as twice the period.
The other colors will not line up with the underlying chart because each is watching the color below it for trending action.
If there were silver on Trend-Setter you would have to scroll back hundreds if not thousands of candles just to see the next CC.
I feel mentally drained at times from answering the same questions 100 different ways only to be asked the same questions.
I may leave a forum for months at a time to recharge my battery but I will always return; what else is there to do when you spend 14 hours sitting in front of charts 
guandi, I see a buy order on your chart but I do not see any space nor do I see a plan.
Calm your mind dojirock for it is but three steps:
Yes, in that order…
There is a simple answer made complex by the minds inability to accept it.
Take a look at this picture again:
Lucky for me, but I thank you for that. I will diligently do my homework to seek a answer before I ask.
-dojirock:8:
Doji, if/when they all leave, you will still have the two most important pieces to the puzzle…
YOU and the CHART.
Oh, and this.
It’s like having M.O. whispering sweet nothings in your ear. hehehe (where is my smiling devil ‘smiley’?)
