Nice charts, Mira.
2009.03.17 TRO - NEVER LOSE AGAIN!!
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- Mira
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MightyOne wrote:Nice charts, Mira.
Simple.png
Thank you MO!
Two closes in a tight area and a close above/below changed everything!
It's just a beginning but i can SEE.
The way that you evolved your view is amazing
__________ THE IS A LIE__________
- TheRumpledOne
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
Mira wrote:TheRumpledOne wrote:
I never have, and still don't, understand zlines.
I don't know why.. it is so simple.
I can just share what I see because
1) I can't teach you nothing since YOU are the pro.
2) Everyone sees it differently.
So this is my personal view, you can build your own.
Momenutm: a candle that closed over the previous extreme (aka price is moving).
IMG_0508.PNG
Now, I create a zone placing a line at the extreme (don't cut wicks) and a line at the previous top/bottom (cut wicks).
IMG_0509.PNG
Now we are working with one timeframe only, so you could take the trade when price reaches the zone or waiting to see an approach (price wicking).
You need to keep your stop away from the zone, since you are wrong ONLY when price CLOSES against the zone with momentum.
Then you just take the reversal
Why does it work? Because price is haunting stops. Simple!
"1) I can't teach you nothing since YOU are the pro."
That's a FALSE statement. I am always open to learn and willing to learn. Being a computer programmer is humbling. You know you don't know all of the answers and will never know all of the answers. Doesn't matter who the other person is - how old they are, their sex, color of their skin, etc... you can learn from anyone.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
TheRumpledOne wrote:
"1) I can't teach you nothing since YOU are the pro."
That's a FALSE statement. I am always open to learn and willing to learn. Being a computer programmer is humbling. You know you don't know all of the answers and will never know all of the answers. Doesn't matter who the other person is - how old they are, their sex, color of their skin, etc... you can learn from anyone.
It's always the same..
__________ THE IS A LIE__________
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
Mira wrote:TheRumpledOne wrote:
I never have, and still don't, understand zlines.
I don't know why.. it is so simple.
I can just share what I see because
1) I can't teach you nothing since YOU are the pro.
2) Everyone sees it differently.
So this is my personal view, you can build your own.
Momenutm: a candle that closed over the previous extreme (aka price is moving).
IMG_0508.PNG
Now, I create a zone placing a line at the extreme (don't cut wicks) and a line at the previous top/bottom (cut wicks).
IMG_0509.PNG
Now we are working with one timeframe only, so you could take the trade when price reaches the zone or waiting to see an approach (price wicking).
You need to keep your stop away from the zone, since you are wrong ONLY when price CLOSES against the zone with momentum.
Then you just take the reversal
Why does it work? Because price is haunting stops. Simple!
hi to all...
my really BIG problem: i NOT SEE candle/pattern...
Mira, in the first picture, the MOMENTUM (a candle that closed over the previous extreme) is referring to previous candle that you indicate in the pic?
or you refer to the price? where is in the chart?
sorry for these ask, but very difficult to understand for me, also because i don't know perfect english.
- Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
thor0073 wrote:Mira wrote:TheRumpledOne wrote:
I never have, and still don't, understand zlines.
I don't know why.. it is so simple.
I can just share what I see because
1) I can't teach you nothing since YOU are the pro.
2) Everyone sees it differently.
So this is my personal view, you can build your own.
Momenutm: a candle that closed over the previous extreme (aka price is moving).
IMG_0508.PNG
Now, I create a zone placing a line at the extreme (don't cut wicks) and a line at the previous top/bottom (cut wicks).
IMG_0509.PNG
Now we are working with one timeframe only, so you could take the trade when price reaches the zone or waiting to see an approach (price wicking).
You need to keep your stop away from the zone, since you are wrong ONLY when price CLOSES against the zone with momentum.
Then you just take the reversal
Why does it work? Because price is haunting stops. Simple!
hi to all...
my really BIG problem: i NOT SEE candle/pattern...
Mira, in the first picture, the MOMENTUM (a candle that closed over the previous extreme) is referring to previous candle that you indicate in the pic?
or you refer to the price? where is in the chart?
sorry for these ask, but very difficult to understand for me, also because i don't know perfect english.
IMG_0508.PNG
---> post104581#p104581 <---
__________ THE IS A LIE__________
I think that I might have finally adjusted the BZ to fit my trading style
The stop loss can be anywhere between the red line and the DT.
The take profit is a minimum move of the UT (2+ lines)
Your 'risk per line' is the distance between the red and blue triggers and it will always be a $10 (if set to $10/line) no matter how far apart the lines are.
These lines are set to 1440 (Daily chart).
The idea of patterns was used to select the mid price and period (where the targets should fall).
The stop loss can be anywhere between the red line and the DT.
The take profit is a minimum move of the UT (2+ lines)
Your 'risk per line' is the distance between the red and blue triggers and it will always be a $10 (if set to $10/line) no matter how far apart the lines are.
These lines are set to 1440 (Daily chart).
The idea of patterns was used to select the mid price and period (where the targets should fall).
- TheRumpledOne
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
What is DT and UT? Please define terms. Thanks.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!
TheRumpledOne wrote:What is DT and UT? Please define terms. Thanks.
Up/Down Target (profit target or max stop loss).
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