2009.06.24 WHY 95% OF TRADERS LOSE PART III

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jz166
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Postby jz166 » Thu Sep 24, 2009 2:43 am

"Of course, I had to write an indicator."

:mrgreen:

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 24, 2009 3:04 am

What is price action?

Let's take a look....

Most trading charts are 2 dimensional. Price on the vertical or Y-axis and time on the horizontal or X-axis.

Price either moves up or down. The distance price moves over a period of time would be its speed or velocity. The distance price covered from high to low would be its range.

Therefore, price action would be the movement of price over a period of time and its velocity. In other words, how far did it move and how fast was it moving.

Any other definition complicates the issue and misleads the trader.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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jz166
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Postby jz166 » Thu Sep 24, 2009 3:12 am

good explanation for PA! thnx!

zaxmarki
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buyzone for 5 digit brokers

Postby zaxmarki » Thu Sep 24, 2009 1:23 pm

Hi Tro, I would like to know if the buyzone for dummies will work on the 5 digit brokers like Fxpro, as is, or does it need some changes to operate properly?

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Postby TheRumpledOne » Thu Sep 24, 2009 10:16 pm

I updated the BuyZone for Dummies to work on 4 or 5 digit brokers.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:02 pm

Inattentional blindness
From Wikipedia, the free encyclopedia

Inattentional blindness, also known as perceptual blindness, is the phenomenon of not being able to see things that are actually there. This can be a result of having no internal frame of reference to perceive the unseen objects, or it can be the result of the mental focus or attention which cause mental distractions. The phenomenon is due to how our minds see and process information. Closely related to the subject of change blindness, it is an observed phenomenon of the inability to perceive features in a visual scene when the observer is not attending to them. That is to say that humans have a limited capacity for attention which thus limits the amount of information processed at any particular time. Any otherwise salient feature within the visual field will not be observed if not processed by attention.

Also related to this is the phenomena of blind people who later in life gain sight. Their processing of the visual stimuli does not allow them to identify objects easily, effectively they can see but are still perceptually blind.

====================================

This is the reason why I want you to learn to SEE PRICE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 25, 2009 11:04 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:08 pm

Image

Is there something "wrong" with this picture?

TO BE CONTINUED...
Attachments
!!!! candles_solid_colors_reversed.tpl
(593 Bytes) Downloaded 72 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:14 pm

Image

Why don't we use charts that look like these?

Maybe we would SEE which way price is moving because we would actually have to LOOK at which way price is moving INSTEAD of relying on the color of the candle. Hmmmmmmm.....

Is that why Jacko tells you to ask a 5 year old which way price is moving?
Attachments
!!!! candles_solid_same_color.tpl
(614 Bytes) Downloaded 57 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cr0cop » Mon Sep 28, 2009 8:35 pm

interesting.......................

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