The Weekly Crash Zone

If you don't know where to start, start here! Don't be afraid to ask questions.

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noone22
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Postby noone22 » Sat Mar 13, 2010 11:39 pm

Yeh, but how do you know, which way price will go:
Up or Down?

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MightyOne
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Postby MightyOne » Sat Mar 13, 2010 11:51 pm

noone22 wrote:Yeh, but how do you know, which way price will go:
Up or Down?


This brings us full circle back to momo :lol:

Body in the direction of profit

Wick in the direction of loss

Wicks show the way not when...

Bodies show the way when...

You get the picture.

The Weekly Crash Zone is there to give you an idea as to how much profit you can realistically expect to make in a week when trading off of a daily+ extreme.

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MightyOne
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Postby MightyOne » Sun Mar 14, 2010 12:16 am

Question:

1) How is the weekly crash zone, target 1 and target 2 get calculated? I can't figure out from your chart.

2) How is the 66-83.3% or 1.166-1.333% related to this as you use the measurement as your target?


Sorry if I asking stupid questions. I read your post again and again but couldn't figure it out.

Thank you very much for your time. -PMer


Answer:

It is based on the Rule of Six aka Ruler of Six (invented by myself)

Basically you divide the measurement into 6 parts.

Target 1 is the area between 4/6 (2/3) & 5/6.

Target 2 is an extension and is an area between 7/6 (1.166) and 8/6 (1.333).

A non-momentum candle will nearly always make it to target 1.

And a momentum candle will nearly always make it to target 2.

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tmanbone
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Postby tmanbone » Sun Mar 14, 2010 12:36 am

MightyOne wrote:Image


Mo,

Very interesting thread, I'm glad you started it. A couple of questions please sir. In the quoted diagram above are the two intermediate lines of the #1 candle the 66.6% and the 83.3% lines also above those are the two lines the 1.166% and the 1.333% lines. Thank you,
"The simplicity of the markets is it's greatest disguise"

T

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Postby MightyOne » Sun Mar 14, 2010 12:42 am

tmanbone wrote:
MightyOne wrote:Image


Mo,

Very interesting thread, I'm glad you started it. A couple of questions please sir. In the quoted diagram above are the two intermediate lines of the #1 candle the 66.6% and the 83.3% lines also above those are the two lines the 1.166% and the 1.333% lines. Thank you,


I have my fibo set to:

0.001

1.000

0.333

-0.333

0.1667

-0.1667

if that helps...

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Postby tmanbone » Sun Mar 14, 2010 12:57 am

MightyOne wrote:
tmanbone wrote:
MightyOne wrote:Image


Mo,

Very interesting thread, I'm glad you started it. A couple of questions please sir. In the quoted diagram above are the two intermediate lines of the #1 candle the 66.6% and the 83.3% lines also above those are the two lines the 1.166% and the 1.333% lines. Thank you,


I have my fibo set to:

0.001

1.000

0.333

-0.333

0.1667

-0.1667

if that helps...


Yes sir it does, targets one being 66.6% - 83.3% and targets two being 1.166% - 1.333% depending on non - momo or momo, if I'm understanding correctly. Thanks again,
"The simplicity of the markets is it's greatest disguise"



T

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Postby tmanbone » Sun Mar 14, 2010 1:17 am

Image

Beautiful MO, absolutely beautiful. Thank you,
"The simplicity of the markets is it's greatest disguise"



T

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Postby MightyOne » Sun Mar 14, 2010 1:20 am

tmanbone wrote:Image

Beautiful MO, absolutely beautiful. Thank you,


You're welcome :wink:

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Postby Brookmyre » Sun Mar 14, 2010 5:53 am

MO,

This seems to use the same core of ideas as mfar. Is this an extension of the original concept?
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MightyOne
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Postby MightyOne » Sun Mar 14, 2010 5:56 am

Brookmyre wrote:MO,

This seems to use the same core of ideas as mfar. Is this an extension of the original concept?


mfar is a derivative of a method I posted long ago called Ruler of Six and the Weekly Crash Zone is as well...yes.

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