The Weekly Crash Zone

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Patch
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Postby Patch » Wed Mar 17, 2010 1:58 pm

es/pip

I've been learning to lip read. Is the cute one in pink saying,"Daddy taught me that you better Take your profit or I WILL TAKE IT FROM YOU! Daddy is teaching me how."

Patch
InVA

ADDED - es/pip - Thank you for this, your last post. Indeed, our kids and grand kids are what I am, and perhaps others are working for. jb
Last edited by Patch on Thu Mar 18, 2010 2:24 am, edited 2 times in total.
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Postby sellkobayashi » Wed Mar 17, 2010 2:11 pm

Im not here to flame i just wanted numbers to run statistical confirmation along with other confluences... i'll do it myself since no one knows..

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Postby aliassmith » Wed Mar 17, 2010 2:17 pm

sellkobayashi wrote:Im not here to flame i just wanted numbers to run statistical confirmation along with other confluences... i'll do it myself since no one knows..


That is the part you don't understand. MightyOne does not give a crap
about showing us stats. We are lucky enough that he still posts ideas on
here for us to research ourselves. Self enlightening is better anyway. :D
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Postby MightyOne » Wed Mar 17, 2010 6:22 pm

sellkobayashi wrote:No Statistics = Noise... Good Luck Trading :)


I love it when people talk to me like I am some noob trying to figure out how to take a few pips out of the market.

None of you are worthy of the FREE knowledge that I bestow upon you.

I could leave you to ROT in the land of mediocrity but I choose to help.

I could also SELL this information and make a tidy profit but that is not what I am after.

Let me explain to you how things work:

If I can give thousands of traders confidence in themselves then they will bring good portions of their wealth into the market.

5,000 traders buying a $1,200 e-book is $6,000,000

5,000 traders taking that $1,200 and adding a zero is $60,000,000

5,000 traders adding another zero is $600,000,000

5,000 traders adding another zero is $6,000,000,000

and yes that money will be up for grabs.

The more traders you bring into the market that are confident in themselves the happier the knowledgeable will be.

I don't want your stupid fking $1,200.

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Postby poltergeist » Wed Mar 17, 2010 7:40 pm

ok, let's back to topic.

MO,
This is how the scheme set up of weekly crash zone works?

I have doubt if I pick up right range candle.

Image

On chosen candle I put fibo

Image

Image

Image

Image

Is this right?

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Postby bredin » Wed Mar 17, 2010 8:15 pm

Something like this?

ImageImage

ImageImage

If so, Niiiiice!

G. (with much to think about, AGAIN)

edit: now remember everybody: red candles tend to set the high first, green candles tend to set the low first :)
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Postby prochargedmopar » Wed Mar 17, 2010 9:29 pm

MightyOne wrote:Why? Because price just goes there almost every single time from either the high or low extreme:shock:

Does it mean that you set a TP and then sit and play(?) dumb? No.

If you do not know if you should hold for more pips or liquidate then the Crash Zone will help you decide; that is what it is there for.

Image


Interesting,
Taking low to high from the same 3 candles you used in above pic, the lower levels of your target "Cash Zones" are VERY close to the 127% and the 162% extensions.
First target HIT!
Nice.

Edit:
Woah, on 2nd look, check out how nicely the 262% ext lines up with the Breakout/Z-line........previous support becomes resistance.
Hmmmmm
Guess your trading the monthly eh MO??

Image
Last edited by prochargedmopar on Wed Mar 17, 2010 9:47 pm, edited 1 time in total.
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Postby prochargedmopar » Wed Mar 17, 2010 9:43 pm

aliassmith wrote:MightyOne may bitchslap me after I say this....

The Ruler of Six tool looks useful on smaller timeframes also. :lol:

I will keep it by my side for further testing.

On the Chart:
A and B at the 0 and 100 of the tool.

SELL is the 100 point when I move the tool to measure the potential.


Alias, if you place an X at the start, isn't that a Gartly pattern??
Isn't the Sell area a point at which price failed to make it back into a supply "fractal"/trading range.
Isn't the first target the 127% ext and your 2nd target the 162% extension......Draw fibs from swing high (A) to low (B) What's the retrace (looks like 79% deep fib to me).
And a Gartly,
Just a noob on this stuff but you see these patterns all the time....Even on M1.
LOL

Hmmmmmm
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Postby Brookmyre » Thu Mar 18, 2010 12:14 am

MO,

At the risk of sounding like sucking up to the teacher ;) does this work on HIGHER timeframes?
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Postby Brookmyre » Thu Mar 18, 2010 12:23 am

Sorry, I should clarify....I've been playing around with this for an hour on the weekly and monthly charts and the regularity that this works is amazing. But as I havent done any kind of serious or structured backtesting so my results were pretty much anecdotal.....it's not that Im too lazy to chuck a fibo tool on a chart
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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