Never Lose Again

[prochargedmopar]

Ok.
Now with higher highs and higher lows being made.....Who here is going short?
Must be someone trading a higher/lower time frame than me.

[pierre23]

3Clipz explained the concept of BODY IN DIRECTION OF PROFIT and WICK IN DIRECTION OF LOSS to me.

I think I finally SEE IT.

What was tripping me up was I was associating the candle color with this concept. Candle color has NOTHING to do with this is how 3Clipz explained it.

If wick on bottom then SHORT is the direction of loss.

If wick on top then LONG is direction of loss.

Actually Tro, my understanding was we were looking for body in direction of profit and wick in direction of loss when we are looking for the zero line to be 'wicked' (zl can be found anywhere from 0-50% of a momo candle).

I wasnt aware it was used on its own and thought we were primarily looking for momentum first?

[razorboy]

oh my.................

Hi guys, dropping in a while for some worth reading, i was going trough the post again.

MO, would you say that those dynamic line are somekind of abcd pattern?!?

Let says we make a momentum bar = 0-100%, then we got a correction around 50/60% for the next one, then next one should be an expansion of an other 0-100% from correction level...

Until like you said, we got a price failure area, were the 0-100% ain't able to be done, at most the bc move, witch is the correction move taking over the trend one for a reversal.

Here a pics, i tough it would resume a little of the idea on with some other words. Only difference i think is that you work whit box that represent you 0-110% move. Tell me please how you feal about that.

Take care!

Here you go:

http://articles.mql4.com/376

http://articles.mql4.com/444

[prochargedmopar]

53.2 pips so far out of this hrs. shenanigan.
5 trades.
I see wicks in the direction of loss and bodies in the direction of profit. AND, I was actually able to act on it. Now if I can get brave enough to hold/add/hold/add, ect.

[TheRumpledOne]

3Clipz explained the concept of BODY IN DIRECTION OF PROFIT and WICK IN DIRECTION OF LOSS to me.

I think I finally SEE IT.

What was tripping me up was I was associating the candle color with this concept. Candle color has NOTHING to do with this is how 3Clipz explained it.

If wick on bottom then SHORT is the direction of loss.

If wick on top then LONG is direction of loss.

Actually Tro, my understanding was we were looking for body in direction of profit and wick in direction of loss when we are looking for the zero line to be 'wicked' (zl can be found anywhere from 0-50% of a momo candle).

I wasnt aware it was used on its own and thought we were primarily looking for momentum first?

DON'T CONFUSE ME...LOL!!!

[pierre23]

sorry LOL

[TheRumpledOne]

hawkeye fatman is selling a system for $750 that you can get for free on the net: http://articles.mql4.com/484 and http://articles.mql4.com/422

[flip4_mac]

53.2 pips so far out of this hrs. shenanigan.
5 trades.
I see wicks in the direction of loss and bodies in the direction of profit. AND, I was actually able to act on it. Now if I can get brave enough to hold/add/hold/add, ect.

Prochargedmopar

1.Can u post your mt4 template or list the indicators your using

2.what indicator in that line dashes around each candlestick?how to used it?

3.name indicator h1 low.h4 low etc horizontal lines?

thank you in advance

[prochargedmopar]

This template is for an M15 chart only.
Remember the 1's, 2's, and 3's will be H1 semafors.
I also added 4's and 5's which coincide with H4 and D1 sema 3's respectively.
Background calndles are 30min. May want to change to 60's.

[Humble]

DON'T CONFUSE ME...LOL!!!

Whilst you have 3Clipz along side you keep pumping him for clarification.

Would you mind also asking him to explain the momentum bar? Posters were using any old bar so long as its body was twice as big as the previous bars. However these included reversal bars and momentum bars with long wicks in the opposite direction of their own momentum.