Never Lose Again

[prochargedmopar]

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL

It is not possible to trade the M1 chart

All decisions are based on: Hours, days, weeks, months, & years.

When watching the hourly you might look at the M1 to place a limit order, but after that you are not looking at the minute chart for at least the next 20 minutes.

Doh.

I know you've said in the past we've got to have "spacial intelligence"!!
This is one instance where such a thing may exist for certain individuals.
I know that some people trade 15 tick charts.
I know it is not the same as what we are accomplishing here but price analysis is price analysis.........
How big is your wave?

Yes, I'm stubborn.
hehehe

But yes, I've also moved to the h1 for direction which is why I sat through the last London session with nary a trade.
UGH.

[prochargedmopar]

This is not a question.

I just don't understand why you need to draw all those angles to figure this out.......
The sides of our chart are at 90 degree angles.
Everything that we have reference to is either horizontal or Vertical.

All we have to do is look at the angle of the current price channel, assimilate time and distance,(amount of pips in time and distance) and then go with the next probable angle once given this information. (by Mightyone)
Watching price action of course as your final conformation.

This must be all based on the statement "Increases by two and decreases by half".

Pretty simple.

Forget drawing all those crazy looking diamond thingy's.
Now where is my 22" protractor?

[MightyOne]

This is not a question.

I just don't understand why you need to draw all those angles to figure this out.......
The sides of our chart are at 90 degree angles.
Everything that we have reference to is either horizontal or Vertical.

All we have to do is look at the angle of the current price channel, assimilate time and distance,(amount of pips in time and distance) and then go with the next probable angle once given this information. (by Mightyone)
Watching price action of course as your final conformation.

This must be all based on the statement "Increases by two and decreases by half".

Pretty simple.

Forget drawing all those crazy looking diamond thingy's.
Now where is my 22" protractor?

If I am the only person who ever understood what I was talking about then that would be a good thing

[es/pip]

202 Lesson 2: Proportions

A 90* angle would have a channel width of how many pips?

ZERO!

A 15* angle would have a channel of how many pips?

More than 30, 45, 60, & 75* angles.

Out of 18 possible angles the chart is most likely to run at an angle between 25 & 65 degrees.

25-30-35-40-45-50-55-60-65

Of these angles the chart will be running at 2 of 3 angles within a group of angles:

25-30-35

40-45-50

55-60-65

By considering the size of the channel captured by an x* angle one can narrow the possibilities down significantly and make a high probability guess as to what the chart will do in the future.

(This is one of those you get it or you don't posts...I am not taking questions at this time)

with ya i think

i worded it as a statement with a possible ? at the end of it


all we are supposed to understand from this is

channel width and channel* have a direct correlation with each other. meaning, that it is impossible for a 75* channels width to be wider than a 15* channels width

and

that an angle will run at 2 of the 3 angles in its group

[MightyOne]

202 Lesson 2: Proportions

A 90* angle would have a channel width of how many pips?

ZERO!

A 15* angle would have a channel of how many pips?

More than 30, 45, 60, & 75* angles.

Out of 18 possible angles the chart is most likely to run at an angle between 25 & 65 degrees.

25-30-35-40-45-50-55-60-65

Of these angles the chart will be running at 2 of 3 angles within a group of angles:

25-30-35

40-45-50

55-60-65

By considering the size of the channel captured by an x* angle one can narrow the possibilities down significantly and make a high probability guess as to what the chart will do in the future.

(This is one of those you get it or you don't posts...I am not taking questions at this time)

with ya i think

i worded it as a statement with a possible ? at the end of it


all we are supposed to understand from this is

channel width and channel* have a direct correlation with each other. meaning, that it is impossible for a 75* channels width to be wider than a 15* channels width

and

that an angle will run at 2 of the 3 angles in its group

That is correct

[monolisa]

edited.

Lis

[monolisa]

Thanks, blubbb. Your indi is much better (no more messy codes ). Legendary stuff.

Lis

This is my version of MightyZones. Tell me if the alert is correct and I'll put it in my indi thread.

[prochargedmopar]

Perfect, for my net-book anyway.
Not quite big enough for the 22"
I'm ready.



It seams all you need to know is current angle and channel width.
Pop a trend line....check the angle.....look to right to check the height, calculate next move.

Hmmmmmmm

[prochargedmopar]

blubbb,
Instead of having the multiple time frame z-lines and all those crazy looking colored boxes (mighty zones) from larger time frames cluttering up the screen.............

How about adding z-lines to your custom_candle indicator.

I could trade 1 timeframe and move the indicator around to find the z-lines I'd like to trade toward or away from.
It would be great....Closed bodies are TRUTH.
The only wicks you'd see would be your entrance at a "better price" per MightyOne,
on the smaller time frame of the chart you have open.

How sweet would that be?
Custom candle/Z-line combo......
No need for mightyzones for those that can see this anyway.
Those who can't see yet can use the other indicators for "training" purposes.

[monolisa]

I think it's a good idea. However if you know what you are doing you don't even need any zl/mz indicator

Lis