Aliassmith Beats a "Dead Horse"

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Jan 04, 2015 2:24 am

prochargedmopar wrote:
aliassmith wrote:"As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble."
Ralph Waldo Emerson


This is exactly what Rob Booker is preaching about in the Millionaire mastermind group.
Principles first NOT rules or methods.


i don't know about his mastermind group but i listen
to his podcasts.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Mon Jan 05, 2015 4:29 pm

Interesting chart I marked up on December 31st.
ZLresistance
Attachments
GBPJPY.Dailydec31.png
GBPJPY.Dailydec31.png (44.31 KiB) Viewed 230 times
Trade Your Way as Long as It Makes Money!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Mon Jan 05, 2015 5:52 pm

aliassmith wrote:Interesting chart I marked up on December 31st.
ZLresistance



A few little nuances I've learned recently about demand/supply in control and nested level.
"compression" was the biggest eye opener for me. I always thought lots of trading in an area with a STRONG breakout was good.
NOT.
Also, when the market keeps retesting in a trend, (efficiently) that is compression too. Those swings are already chewed up and price cruises right through all the "z-lines" most times...... trippy.

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Mon Jan 05, 2015 5:55 pm

See how we got a reaction @182 but it went deep in to the zone, then this time it's in deep again.
Looking left you see lots of trading (more than 5 bars).
Good level to scalp but not for long term.
Wants to get down to a stronger weekly demand area.
maybe, maybe not.
LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby MightyOne » Mon Jan 05, 2015 6:04 pm

GBPJPYDaily.png
GBPJPYDaily.png (28.95 KiB) Viewed 230 times


I just go down a list:

1. close overs
2. failure to close over
3. congestion
4. breakout from triangle
5. triangle
6. extreme or BOx
7. space/decision

It takes me less than 10 seconds to come to a decision on any chart.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1137
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby Jalarupa » Mon Jan 05, 2015 7:10 pm

MightyOne wrote:
GBPJPYDaily.png


I just go down a list:

1. close overs
2. failure to close over
3. congestion
4. breakout from triangle
5. triangle
6. extreme or BOx
7. space/decision

It takes me less than 10 seconds to come to a decision on any chart.


Can we talk a lil more about Number 3?

Is congestion just a Cone or a compression or a wedge??? What is it that is telling? and what is it telling?
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby Captain Pugwash » Mon Jan 05, 2015 7:32 pm

jeezx jal !- you read my mind - but I was afraid to ask

my thought is that after congestion - we must break out - one way or tother
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby Captain Pugwash » Mon Jan 05, 2015 7:41 pm

For what its worth in hindsight - how I see stuff


2015-01-05_1939.png
2015-01-05_1939.png (40 KiB) Viewed 230 times


2015-01-05_1937.png
2015-01-05_1937.png (37.16 KiB) Viewed 230 times




edit - clicked once and got three posts!! one way of getting the post count up :)
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby MightyOne » Mon Jan 05, 2015 7:56 pm

Jalarupa wrote:
MightyOne wrote:
GBPJPYDaily.png


I just go down a list:

1. close overs
2. failure to close over
3. congestion
4. breakout from triangle
5. triangle
6. extreme or BOx
7. space/decision

It takes me less than 10 seconds to come to a decision on any chart.


Can we talk a lil more about Number 3?

Is congestion just a Cone or a compression or a wedge??? What is it that is telling? and what is it telling?


I use the Joe Ross definition of congestion; overlapping price bars: inside bars, outside bars, "flip flops", deep retracements, etc.

What is it telling you?

1. Expect retracements that re-enter congestion.
2. Widen the spread between the BO and your limit order.
3. In long term congestion, play both sides short term rather than one side long(er) term.
3b. breakouts and re-entry (2nd & 3rd blue oval) are a little different; you still consider "3" but you also have a long term play in mind.

For the spiritual only: :lol:

It is best to not actively think about the problem #-o
Consider the basics without considering the answer & then let your mind flow like water :roll:

If you do not search for the answer then the answer will find you because the mind is always in motion.
If you are lost then you should remain still or how else will those who are searching find you?

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1137
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby Jalarupa » Mon Jan 05, 2015 8:04 pm

Perfect Answer

Thank you
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”