Filthy Rich for Dirt Cheap - Ajaymein

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dojirock
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Mo

Postby dojirock » Wed Jun 08, 2011 8:41 pm

AFter months.....even years..of reading...I know what the heck your saying!!!!!!!

what a great feeling.....

Thanks for all your help....in this forum.....

Doji
:D

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aliassmith
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Postby aliassmith » Wed Jun 08, 2011 9:22 pm

MightyOne wrote:I am a macro view discretionary trader (weekly+).

My charting is based on how price flows through 12 overlapping strings of time; 3 minor strings known as cc & 9 major strings which are not drawn but seen.

The minor strings in group is the single period.
The major strings in group is the cc.

I am also heavily focused on psychology and fading.

What is momo aka momentum candle?

It is the opposite of what it is not and it is not congestion.


" I am also heavily focused on psychology and fading. " MO

I hear ya! The human element is what really makes up price.
AKA Opinions of the masses.

I just heard a guy on CNBC talking about EUR/USD saying how he
doesn't understand how the EUR keeps going long when the fundamentals
say it should not.

That is why you trade what you SEE! :shock:
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Thu Jun 09, 2011 3:32 am

Manta wrote:
MightyOne wrote:I am a macro view discretionary trader (weekly+).

My charting is based on how price flows through 12 overlapping strings of time; 3 minor strings known as cc & 9 major strings which are not drawn but seen.

The minor strings in group is the single period.
The major strings in group is the cc.

I am also heavily focused on psychology and fading.

What is momo aka momentum candle?

It is the opposite of what it is not and it is not congestion.


MO, I had quite a bad 2-3 months at the beginning of this year (I think Im back on track again, but it were tough months...), but except this period I'm still trading your "MOMOs" for 1-1.5 years and Im happy with that. So thanks again, but here is one question...

Recently I opened accidently my old books about macroeconomics from my university studies and I realized one very simple idea...if everything about monetary policy and how central banks control exchange rates is about equilibrium...have you ever tried to use simple pivots in your trading? (I mean daily, weekly and monthly pivots only). Because how is the central pivot calculated?...it is simply mean value. I dont talk about S1,S2, R1, R2, just simple pivot level aka mean value. And btw. what is MightyZone?...again mid point and you can call it equilibrium as well.

Just my thoughts, but would like to know your opinion and maybe to hear some riddle again :-D


Being there when price moves hundreds or thousands of pips; position, that is what I use.

aliassmith
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Postby aliassmith » Thu Jun 09, 2011 1:30 pm

Suppy becomes demand near red line at bottom area.
enter at arrow long and exit at X.
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Trade Your Way as Long as It Makes Money!

Belkin
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Postby Belkin » Thu Jun 09, 2011 1:50 pm

If Ajaymen doesnt mind I would like to post my trades for some feedback.

Image

Shorted at the 15m candle low after if closed below my line. Sl at the high.

Thanks

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Postby Jalarupa » Thu Jun 09, 2011 2:00 pm

Belkin wrote:If Ajaymen doesnt mind I would like to post my trades for some feedback.

Image

Shorted at the 15m candle low after if closed below my line. Sl at the high.

Thanks


Hi,

Your analysis is sound in terms of Body in direction of Profit - Wick in direction of Loss.

You could have gotten in at a better price by focusing ONLY on candle bodies (even better off the 3CC bodies)... the wicks are the deception...

For greater profits look to exit at a higher time frame zero line...

Just some thoughts...

Belkin
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Postby Belkin » Thu Jun 09, 2011 2:06 pm

Thanks for the feedback.

Would you mind posting what you mean by:
"focusing ONLY on candle bodies (even better off the 3CC bodies)... the wicks are the deception"

thanks


Jalarupa wrote:
Belkin wrote:If Ajaymen doesnt mind I would like to post my trades for some feedback.

Image

Shorted at the 15m candle low after if closed below my line. Sl at the high.

Thanks


Hi,

Your analysis is sound in terms of Body in direction of Profit - Wick in direction of Loss.

You could have gotten in at a better price by focusing ONLY on candle bodies (even better off the 3CC bodies)... the wicks are the deception...

For greater profits look to exit at a higher time frame zero line...

Just some thoughts...

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Jalarupa
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Postby Jalarupa » Thu Jun 09, 2011 3:19 pm

Image

braathen has a really nice thread here where this concept is potently displayed look at baco's posts to see what I mean...

I just noticed you are using the CC indicator on 4 candles for an hourly reading... I would then recommend dragon's posts in Lux's thread.... although the theory is the same... there are subtle differences in their application...

Hope this helps...

Peace
"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>>

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newscalper
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Postby newscalper » Thu Jun 09, 2011 4:13 pm

Jal
Image
Just wondering how/where you'd enter here - a rat on a smaller TF?
This week I've been using 9cc over/under and then looking to get in with 3CC or TF candle. Been spanked every time. Afterwards, after the candles have redrawn due to the new extreme I go WTF what was I thinking?..but it looked good at the time.

Karma
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Postby Karma » Thu Jun 09, 2011 9:03 pm

MightyOne wrote:I am a macro view discretionary trader (weekly+).

My charting is based on how price flows through 12 overlapping strings of time; 3 minor strings known as cc & 9 major strings which are not drawn but seen.

The minor strings in group is the single period.
The major strings in group is the cc.

I am also heavily focused on psychology and fading.

What is momo aka momentum candle?

It is the opposite of what it is not and it is not congestion.


*Jaw Drop* :shock: from his own mouth

I love reading new things

and your time frame theory here sounds very interesting

I'm still looking, but do you have a book or a particular thread I should look at? :D

Nice to hear from you sir

-Will

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