The Weekly Crash Zone

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

Moderator: moderators

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

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?
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 15544
Joined: Sun May 14, 2006 9:31 pm
Reputation: 3035
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Wed May 19, 2010 9:17 pm

Image

What a map...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

lerecidiviste
rank: <50 posts
rank: <50 posts
Posts: 13
Joined: Thu May 27, 2010 3:17 pm
Reputation: 0
Gender: Male

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

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1033
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 7
Gender: None specified
Contact:

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?

G
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

User avatar
rushN4
rank: 150+ posts
rank: 150+ posts
Posts: 165
Joined: Wed Nov 18, 2009 4:04 pm
Reputation: 0
Real name: Jochen
Gender: Male

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
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

vladv
rank: 50+ posts
rank: 50+ posts
Posts: 111
Joined: Sat Nov 11, 2006 3:38 pm
Reputation: 1
Location: Aiud
Real name: Vlad Vahnovanu
Gender: Male
Contact:

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!!

erika_bb
rank: <50 posts
rank: <50 posts
Posts: 35
Joined: Fri Aug 06, 2010 2:54 pm
Reputation: 0
Gender: Female

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

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.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

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

erika_bb
rank: <50 posts
rank: <50 posts
Posts: 35
Joined: Fri Aug 06, 2010 2:54 pm
Reputation: 0
Gender: Female

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”