Aliassmith Beats a "Dead Horse"

[aliassmith]

Instead of cluttering MO's "IDEAS" thread I figured I would start my own.

Anyways I love trading and read a lot about it, but Kreslik.com is my favorite
Forum and I wanted to discuss how I implement MO-isms and some other
ideas. No other place better than here to do that.

So Stay tuned!

Looking for Deadhorse indicators page 330.
post159357#p159357

[TheRumpledOne]

We're waiting...

[aliassmith]

We're waiting...

Be patient TRO

Back in the NLA days of Kreslik (I think, didn't feel like finding it) MO
released the all time fundamental framework of the "MARKETS".

The ground shook and major cries from around the world were heard
(probably the Bankers shaking in their boots and crying)

--------------------------------------------------------------------------
The MARKET exists to eliminate PROFIT in ALL timeframes!

BAM!

There you have it the fundamental foundation of what is yet to come.

[aliassmith]

For a minute the Bankers were

Their egos snapped back and they remembered retail
traders won't have any idea what to do with that information.

That was until the Zero Line was born

Aww $#@% the Bankers are crying again....

[aliassmith]

Intermission...............

A Quote from MO:

"Every time I try to explain it it only comes out of my mouth as a riddle "

You don't say?

[Captain Pugwash]

--------------------------------------------------------------------------
The MARKET exists to eliminate PROFIT in ALL timeframes!

BAM!

There you have it the fundamental foundation of what is yet to come.

So, Alias - would it be fair to say, that before you take any position in the market, you look at the chart, and then, before clicking the "GO" button --you ask yourself this question -



"WHO's PROFIT am I taking"



This looks like it's gonna be another interesting thread

[aliassmith]

--------------------------------------------------------------------------
The MARKET exists to eliminate PROFIT in ALL timeframes!

BAM!

There you have it the fundamental foundation of what is yet to come.

So, Alias - would it be fair to say, that before you take any position in the market, you look at the chart, and then, before clicking the "GO" button --you ask yourself this question -



"WHO's PROFIT am I taking"



This looks like it's gonna be another interesting thread

I don't think I actually ask that.

I look for HT ZL (areas) that haven't been took out and ask how can
I take advantage of it.

Just because there is a ZL doesn't mean you should trade it << MO said
something to that affect.

[MightyOne]

Intermission...............

A Quote from MO:

"Every time I try to explain it it only comes out of my mouth as a riddle "

You don't say?

When their mind is ready they will see clearly

'Those who search will understand, but those who hear will be confounded'


And the quote goes:

"You shouldn't take a trade just because you can make a profit"

If you understand that if you hold a position at a large chart's extreme that you hold the potential of that chart then why would you ignore the extreme when taking a short term trade?
Why would you risk the same amount of money on weak positions as you do on strong positions?
Why not only take risks from strong positions?

When you are playing OMAHA poker you might have the same hand as your opponent but also have a draw to a larger hand; this is called 'free rolling the villain'.
Likewise in trading you want to have short term trades that might be similar to the holdings of the other market participants but with 'draws' to something larger.

[aliassmith]

Now the market is eliminating profits and we have Zero Lines.

A zero line is a horizontal line or area where you believe other traders
are still sitting with profit.

---------------------------------------------------
MO gem:
"Zero Lines do not signal trades!

Their purpose is to determine direction and areas where there is a low chance of draw down. "
---------------------------------------------------
A ZL can create a form of S/R and as any good trader knows, you trade
long from Support and short from Resistance.

A ZL also seems to create that Support becomes Resistance affect and vise
versa.

So far that is how the MO-isms are put together in my mind.

There are still more....

[aliassmith]

Intermission...............

A Quote from MO:

"Every time I try to explain it it only comes out of my mouth as a riddle "

You don't say?

When their mind is ready they will see clearly

'Those who search will understand, but those who hear will be confounded'


And the quote goes:

"You shouldn't take a trade just because you can make a profit"

If you understand that if you hold a position at a large chart's extreme that you hold the potential of that chart then why would you ignore the extreme when taking a short term trade?
Why would you risk the same amount of money on weak positions as you do on strong positions?
Why not only take risks from strong positions?

When you are playing OMAHA poker you might have the same hand as your opponent but also have a draw to a larger hand; this is called 'free rolling the villain'.
Likewise in trading you want to have short term trades that might be similar to the holdings of the other market participants but with 'draws' to something larger.

Interesting Fact:

At first I didn't learn ZL ideas from MO. The went off while seeing
what zapzinig was doing on H1 GBP/USD charts