Filthy Rich for Dirt Cheap - Ajaymein

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aliassmith
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Postby aliassmith » Mon Jun 06, 2011 3:03 pm

aliassmith wrote:
ajaymein wrote:I'm long off the red box with stop tucked right below around 10 pips...I executed on the Oanda java platform...damn MT4 isn't refreshing to show the trade to

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Took similar trade entry for +10 cents


Long at $37 for +7 cents
Trade Your Way as Long as It Makes Money!

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erika_bb
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Postby erika_bb » Mon Jun 06, 2011 3:45 pm

hey aj

been lurking this thread for awhile now.

what type of moving average do u use and what do u use it for

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ajaymein
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Postby ajaymein » Mon Jun 06, 2011 3:48 pm

Every cluster SD zone that price raced away from at least 2-3x the zone width has some sort of bounce...soooo easy to make pips. The areas are clear cut on the charts...the only work you have to do is figure out how you are going to enter and how many pips you have the balls to bag. Having a perfect couple hour trading session JUST trading away from these zones can net you a huge returns compounding your trades after each win.

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ajaymein
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Postby ajaymein » Mon Jun 06, 2011 3:57 pm

erika_bb wrote:hey aj

been lurking this thread for awhile now.

what type of moving average do u use and what do u use it for


I use a 267 Linear Weighted MA applied to the Close...when its hitting, its laser accurate when it converges with SD zones...every damn time frame.

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ajaymein
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Postby ajaymein » Mon Jun 06, 2011 4:02 pm

Of course, you can't trade solely based on that ever. The only reason price every moves up or down is because Supply > Demand or Demand > Supply...not because a squiggly line is touched.

But, somehow squiggly lines and trend lines miraculously converge with SD zones and those trades are very high probability given the right PA on lower time frame and proper stop placement.

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ajaymein
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Postby ajaymein » Mon Jun 06, 2011 4:08 pm

Blue supply zone is likely to get engulfed...I will post some charts why I took this long into a zone of sellers. Stop is only like 5 pips including spread...could very well get stopped out before it shoots up but definitely a good opportunity to get in with little risk.

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Previous resistance turned into support with a PB. There is a bearish momo bar, but there was no continuation after sellers were zeroed out.

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Postby ajaymein » Mon Jun 06, 2011 4:20 pm

Stopped out -5 right into my squiggly line...not going to re-enter but gonna keep an eye to see if my thinking was on the right track.

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Postby ajaymein » Mon Jun 06, 2011 4:25 pm

I lied lol...too good not to enter. Engulfed twice at squiggly, sellers so far have failed to reach demand zone at bottom, and they seem weak getting down...throwing another 5 pips out there.

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Postby ajaymein » Mon Jun 06, 2011 4:28 pm

Engulfed a third time...even failed to reach squiggly before engulfing, which is the same as a Higher Low

Edit: Went ahead and moved stop to BE

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Postby ajaymein » Mon Jun 06, 2011 4:31 pm

Out BE...this thing is just playing ping pong now. Best thing to do now is to wait for a breakout, and Short or Long on retest.

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