The Weekly Crash Zone

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bredin
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Postby bredin » Fri Mar 19, 2010 11:06 am

I have posted my crash zone indi [url = http://kreslik.com/forums/viewtopic.php?p=36293#36293]here[/url]

G.
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MightyOne
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Postby MightyOne » Fri Mar 19, 2010 11:14 am

bredin wrote:I have posted my crash zone indi [url = http://kreslik.com/forums/viewtopic.php?p=36293#36293]here[/url]

G.


Thanks Bredin, it works perfectly :smt026

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bredin
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Postby bredin » Fri Mar 19, 2010 11:47 am

no worries MO

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Postby aliassmith » Fri Mar 19, 2010 12:24 pm

MightyOne wrote:
prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:
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


I am not sure about the Gartly pattern. I started to watch some of those
videos you sent to me, but I was not interested. I can't believe in a method
that is based primarily off of Fibonacci levels.

I am using mostly techniques that MightyOne has demonstrated at S/R
areas. I like the Ruler of six to set profit targets (still testing).


I do NOT see that chris lori's trading strategy is based totally on fibonacci levels.
Looks more like key levels of support and resistance with a mix of fundamentals.
He builds CASH positions in the market through precise scalping methods that "FUND" his positions. You can do that when your moving 10bucks or 100bucks an order. Buck = 1Mil
His targets are thousands of pips from entry.
Maybe you should watch a few more of his vids.
LOL

Thx MO,
I'm doing my damnest to grasp the high TF trading. Getting from 7 pips to say, 27 pips is the hard part.
You said something about traders NOT realizing how important it is when a position does not go Immediately against you. Then, Add profits to stop.

"If price is consecutively closing higher then it cannot be closing below resistance."M.O.

Fractal highs/Lows??
You also said if the 3m shares space with the 240m extreme. Do not reverse.

I've got to find ways to fund my positions so I can have "free" trades running in the market.


"You also said if the 3m shares space with the 240m extreme. Do not reverse." -PRO

If I remember correctly that was a reference to the DTB method where by one enters on a 5 pip retrace from the high/low.
The idea is that price should not be making higher highs when looking to reverse.

"Getting from 7 pips to say, 27 pips is the hard part." -PRO

If your trade has more potential than random price fluctuation it is not hard at all.

"Maybe you (aliassmith) should watch a few more of his vids." -PRO

We don't watch videos PRO, we learn to absorb information and solve problems on our own :wink:

"You said something about traders NOT realizing how important it is when a position does not go Immediately against you. Then, Add profits to stop." -PRO

If price were to NEVER move to your stop then how long would you hold for? Suddenly, when you think about taking 7 pips, it just doesn't make any sense and your mind shifts to maximizing profit.
Adding profit to your stop means that you trade very tight with your own money and loose with the markets money until you reverse direction.

"Fractal highs/Lows??" -PRO

I still have not found any use for fractals...

When looking to add something to my analysis I have to make sure that it does not conflict with any of the other ideas.

For example:

"If price is not making higher highs then it must be making lower highs"

conflicts with

"If price is consecutively closing higher then price is not closing below resistance."

&

"There is only 1 highest and 1 lowest price in any given period of time; the most likely direction is the eventual return to new highs or new lows."


"Maybe you (aliassmith) should watch a few more of his vids." -PRO

We don't watch videos PRO, we learn to absorb information and solve problems on our own

I take a look at some concepts still. The thing is that I believe all I need
now is the chart to give me the answers. I strayed away for awhile, but
I am back to the naked chart. :)
Trade Your Way as Long as It Makes Money!

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Postby prochargedmopar » Fri Mar 19, 2010 12:39 pm

Training wheels, thx Bredin.
Now, when week opens and price is going up, I'll scalp in and see if I can hold to T1-G, If price starts tanking I'll scalp in and see if I can hold to T1-R. Maybe T2's later.

I would like to have previous week H/L's a different line style or color.
Or maybe a true/false switch so we can use another indy to plot them like one of TRO's.

Edit: I see, W1 is intra-week high/low as I see it being pushed.
I thought prev candle was used for calculations for zones??
Hmmmmmm
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bredin
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Postby bredin » Fri Mar 19, 2010 12:48 pm

pro,
there are plenty of indis out there (mostly from TRO) that will plot those, I dont think I need to mod the CrashZone indi any further. TROs HL5 indi would take about 10 minutes to modify to display any tf, mabee I'll go do that.

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Postby prochargedmopar » Fri Mar 19, 2010 2:06 pm

bred,
You have the W1 high/low on this indy and I don't like it being there...that's why I wanted a way to turn it off, ONLY need the target zones/lines.

First T1 hit...first try!! Well, within a pip....LOL
P/L +18.9 pips, see green below?

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby prochargedmopar » Fri Mar 19, 2010 2:27 pm

E/U weekly candle "rule of 6's" target 2,

HIT

Image

Nasty!! :twisted:

BTW, see how it's pushing the W1 low....gotta get that thing outa there. It's getting in the way of my target #.........
hehehe
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby Pro Trader » Fri Mar 19, 2010 2:35 pm

Pro which method do you trade?

What tf are your charts

What is this rule of 6 and where can I find it?

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MightyOne
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Postby MightyOne » Fri Mar 19, 2010 6:52 pm

prochargedmopar wrote:E/U weekly candle "rule of 6's" target 2,

HIT

Image

Nasty!! :twisted:

BTW, see how it's pushing the W1 low....gotta get that thing outa there. It's getting in the way of my target #.........
hehehe


Finally we get a candle with a large body on the weekly...sure took long enough!

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