Aliassmith Psychology 101 and other stuff

[aliassmith]

range
correction in 50% area
late entry
greedy exit, waited until price was at next extreme

[Brookmyre]

5minute range was long
Rat entry long to Held profit near extreme

Alias, how did you determine that the m5 range was long...?

[aliassmith]

5minute range was long
Rat entry long to Held profit near extreme

Alias, how did you determine that the m5 range was long...?

Basically on my M5 I look at the longer legs. The ones that create a new
high/low. Looking at where my fib tool is placed that is the range and I
compare that to previous swings.

If you have ever used the zigzag indicator you might be able to see what
I mean. Although I do it visually.

[aliassmith]

13 trading days straight with positive pips
Consistency is great.

[zapzinig]

13 trading days straight with positive pips
Consistency is great.

Nice, consistency is key.

-zz

[poipen]

13 trading days straight with positive pips
Consistency is great.

Congrats alias! you certainly deserve it

[Brookmyre]

5minute range was long
Rat entry long to Held profit near extreme

Alias, how did you determine that the m5 range was long...?

Basically on my M5 I look at the longer legs. The ones that create a new
high/low. Looking at where my fib tool is placed that is the range and I
compare that to previous swings.

If you have ever used the zigzag indicator you might be able to see what
I mean. Although I do it visually.

I think I see what you mean....thankyou

[aliassmith]

"I think I see what you mean....thankyou"

Do you THINK you SEE it or do you really SEE it? Becasue if you are not
sure let me know and I'll try to explain it better if I can.

[jarnapal]

I am going through NLA here on kreslik and read your post from Aug 14 2009

"To those that use what Mightyone has taught:

I have been trying to learn the Zero Line concept for a few weeks now. I developed a way to break my order up and build positions using the H1 charts, which I posted previously. I finally had my first 20% trade which was unreal. I am working on my consistency so I only pulled out about 14% over the last few weeks. 14% isn't bad but Mightyone has opened my eyes so I would like to achieve the 33% a week. "

Congrats

[aliassmith]

I am going through NLA here on kreslik and read your post from Aug 14 2009

"To those that use what Mightyone has taught:

I have been trying to learn the Zero Line concept for a few weeks now. I developed a way to break my order up and build positions using the H1 charts, which I posted previously. I finally had my first 20% trade which was unreal. I am working on my consistency so I only pulled out about 14% over the last few weeks. 14% isn't bad but Mightyone has opened my eyes so I would like to achieve the 33% a week. "

Congrats

Thanks to everyone who has congratulated me.

It has been a journey and I have learned some nice concepts and have
been successful using them, but recently have I started to be really
pushing forward with less going backwards. Probably due to Mightyone's
"logic" and figuring out how to trade against certain types of traders.

Mightyone and ES/PIP have shared so much that I had to study hard and
figure out which of their "weapons" I will employ.

I study M5 as my basic chart
I look at M5,M15,H1, and D1 for possible S/R areas
I look at range that breaks new highs/lows as momentum
I look for 50%+ corrections to get in using:
**zlines
**rats
**small timeframe breakouts. M1 and M5
**evidence of wicking
I get out near extremes looking for held profit targets

All this made possible by TRO and Dragon33 leading me to Kreslik from
baby pips.

Anything is possible now