The Weekly Crash Zone

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MightyOne
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Postby MightyOne » Sat May 12, 2012 7:43 am

Yes, it is projected from the current weeks high & low; the indicator is for trading off of the weekly extremes.

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Postby frang0nve » Sun May 13, 2012 5:06 am

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



erika_bb wrote: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


Yes, it moves. Here you can see the indicator that i've written in EasyLanguage:



You can find it here:
http://kreslik.com/forums/viewtopic.php?t=2794

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Postby ahmedalhoseny » Sun May 13, 2012 2:51 pm

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


i have two indicators doing the same job one for TRO other for bredin both are free
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bredin
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Postby bredin » Sun May 13, 2012 10:27 pm

It doesnt matter that it moves....

its about trading from an extreme, so after the extreme that youre trading AWAY from settles the target wont (cant) move.

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Postby MightyOne » Wed Aug 22, 2012 1:26 am

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Postby MightyOne » Thu Aug 23, 2012 3:35 am

Price rocketed to where and leveled off? Cash Zone 2...
coinsidence? Maybe.

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Postby newscalper » Thu Aug 23, 2012 7:34 am

How about zone 1 Mo? I've been shorting since around there because of apparent previous supply and getting hammered. Should going short only be considered once the higher level is reached?

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Postby MightyOne » Thu Aug 23, 2012 2:48 pm

You were trading against God:

http://kreslik.com/forums/viewtopic.php?p=64297#64297

that never works out ;)

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Postby MightyOne » Thu Aug 23, 2012 4:06 pm

I would not use S/D as my only method of trading.

S/D is little more than an 83.33% ret of any price leg ie /\/\/\/\/.

Alternatively you can start the leg from the point of S/D, drag it up with the trend and stop on the pointy place of the other S/D area.

I could give you "odds enhancers" but that would be gimmicky...
low blow I know, he is a good guy ;)

Trading is about balance:

Micromanaging vs macromanaging

Lowballing vs Paying up

Sanity vs Insanity (and yes, some insanity is a good thing!)

No matter which chart you are looking at the pointy place is where you
want a position from; somewhere between the 16.67 and 83.33% ret you place your trade with position on the low/high.

Here is my definition of a trend: the expansion of a range.

Now think of a channel:

If we were going to buy near the top of the channel then we expect price to expand the longer term range in the direction of profit; we have a longer term idea.
If we had a short term idea then we would not buy at the top of the channel:

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to be cont...

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Postby MightyOne » Thu Aug 23, 2012 4:18 pm

I probably should have said LONG TERM IDEA+ & SHORT TERM IDEA+

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