The Weekly Crash Zone

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noushina
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Postby noushina » Wed Mar 17, 2010 3:13 am

tmanbone wrote:
It takes a little study, or at least it did for me to grasp. I calculated off the weekly, as MO stated in the first few post of explanation, then zoomed in on the daily.
Thanks. I'll spend some time with it. I would love to get profitable using long time frames, because the "thrill" of scalping doesn't fit my personality very well. ](*,)
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MightyOne
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Postby MightyOne » Wed Mar 17, 2010 3:26 am

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.

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tmanbone
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Postby tmanbone » Wed Mar 17, 2010 3:53 am

Great education MO. Thanks,
"The simplicity of the markets is it's greatest disguise"

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MightyOne
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Postby MightyOne » Wed Mar 17, 2010 7:28 am

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noushina
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Postby noushina » Wed Mar 17, 2010 11:46 am

MightyOne wrote:
noushina wrote:Hi MO.
I am not sure if I quite understand. Would you confirm or clarify please.


It is calculated using WEEKLY CANDLES

&

is used strictly on the WEEKLY CHART hence The Weekly Crash Zone.

&

no it does not have anything to do with entries.


Thank you. I'm more than a little dense sometimes.
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sellkobayashi
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Postby sellkobayashi » Wed Mar 17, 2010 12:07 pm

No Statistics = Noise... Good Luck Trading :)
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es/pip
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Postby es/pip » Wed Mar 17, 2010 12:33 pm

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



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Bend over and assume the position for another 4 years of hope and change.
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aliassmith
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Postby aliassmith » Wed Mar 17, 2010 12:49 pm

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



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Good one ES/PIP, that guy just doesn't know MightyOne very well :lol:
Trade Your Way as Long as It Makes Money!
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aliassmith
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Postby aliassmith » Wed Mar 17, 2010 1:54 pm

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.
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Trade Your Way as Long as It Makes Money!
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sellkobayashi
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Postby sellkobayashi » Wed Mar 17, 2010 1:56 pm

Everything about trading is statistical.. numbers encompass all whether you want be believe or not they are there....
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