The Weekly Crash Zone

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newark18
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Postby newark18 » Sun May 16, 2010 1:42 am

MightyOne wrote:
poltergeist wrote:MO,
I have some questions. and correct me pls, if I am wrong:

you enter the trade somewhere (without a precise entry point) beetween TPs? If you meet two consecutive SL, you are off till next week? How do you find the best moment to enter? The fibo level you mentioned?

Or you just enter the trade accordingly with the direction of the daily/weekly candle?

What's with the volatility on such big TF, how do you handle with it?

20 pips SL includes spread, I assume?

Or maybe I avoided sth? :)


1. I sell high and buy back when I believe that price will not fall lower as opposed to waiting for a BO or some sign of momo.

2. If I lost 40 pips I would just sleep the rest of the week.

3. Before ever sitting down to trade I have studied the pair from top to bottom and gathered notes.
I then enter on smaller charts in the context of the larger charts.
I may enter via: Sweet Spot Gold (best for high volatility), Rat Trade (beautiful on combined candle trades), 1 minute charts (pointless to wait for BO, just enter when you feel price will head higher/lower), Price closing over S&R or Failing to close over S&R.

4. You need only trade off of daily+ extremes if you are scalping. If you are holding then you should trade daily+ extremes off of the corrections extremes.

5. Volatility on high time frames is just profit; I will wait for a long term momo candle and liquidate beyond it.

6. 40 pips altogether includes spread.


I can't believe your max loss for the week is 40 pips. How far past an S&R line do you wait until you decide to close? Or do you wait for the candle to close?
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Postby TheRumpledOne » Wed May 19, 2010 9:17 pm

Image

What a map...
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lerecidiviste
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hello please can u explain

Postby lerecidiviste » Mon May 31, 2010 1:23 pm

TheRumpledOne wrote:Image

Yes, I know... it IS simple..LOL!


hello i am VERY interested by weekly crash zone !

pls explain in details wich indicators you use and settings as well ?

would like to have the same info as this pic on my chart !

regards
lerecidiviste

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Postby bredin » Tue Jun 01, 2010 12:55 am

lerecidiviste wrote:
TheRumpledOne wrote:Image

Yes, I know... it IS simple..LOL!


hello i am VERY interested by weekly crash zone !

pls explain in details wich indicators you use and settings as well ?

would like to have the same info as this pic on my chart !

regards
lerecidiviste
You are reading a thread called "The Weekly Crash Zone".

Where do you think you should start?

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Postby rushN4 » Thu Feb 03, 2011 5:27 pm

MightyOne wrote: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.





Hey MO

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

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


what timeframe are you referring to in this post ?

do you mean if we have weekly momo on the last candle we should use target 2 as TP ?

or do you just mean that the current Weekly candle will make it to target 2 if it close as a Momo candle?

thx
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Postby vladv » Mon Aug 01, 2011 9:44 pm

Anybody care to share the latest & official indicators & template/s for this trading system? Thanks a lot guys!!

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Postby erika_bb » Wed May 09, 2012 6:05 pm

sorry to revive an old thread but i would like to know how to calculate the long and short targets. is this correct?
1) find the middle range candle of the last three weeks
2) add the middle range candle to the low of the current active candle to get long target and add MR candle to high of the current active candle to get short target

However if you add range to the current active candle then the crash zone would move correct? that can not be right

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Postby MightyOne » Thu May 10, 2012 5:44 pm

The median range of the last three weekly candles, yes.

It is simply 4/6, 5/6, 1 1/6, & 1 1/3 the median range projected from the highest and lowest price of the current week.

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Postby MightyOne » Thu May 10, 2012 5:48 pm

Since the thread is up...

Here is this weeks EU trade with the C(r)ash Zone indi:

Image

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Postby erika_bb » Thu May 10, 2012 11:33 pm

MightyOne wrote:The median range of the last three weekly candles, yes.

It is simply 4/6, 5/6, 1 1/6, & 1 1/3 the median range projected from the highest and lowest price of the current week.


if its projected from the high and low of the current week which can change during the week then the crash zone should also move as they change? because the indicator that i have is a fixed target? thanks

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