Horizontal Line Psycho Trades

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 05, 2009 5:22 pm

Nice trading, Gary.

Please post a chart or 2 so we can see what you see.

Thanks.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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zapzinig
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can you see it

Postby zapzinig » Fri Feb 06, 2009 1:39 am

Can you See it?

As I was making notes on this chart the GBP/USD payed out another 25 pips!!


MightyOne- I saw a perfect zline entry, but I am focusing on only one method, so I waited for my rules to play out then entered according to plan. The zline entry would have added 35 pips :)

Gary


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Postby TheRumpledOne » Fri Feb 06, 2009 5:39 am

Are you using highs/lows or candle tops/bottoms for zero lines?

I thought it was the highs/lows for zero lines!??!?!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby zapzinig » Fri Feb 06, 2009 1:15 pm

The way I saw the zline was wicks down with bodies moving up.
Are zlines only at the bodies open/close.

Here is a chart from MightyOne I see 1.2765 and 1.2760 , entry orders drawn from wicks.

I may be incorrect in what I see. I am just observing zlines and how price reacts to them while I am focusing on psyco trades at horizontal lines.

Gary




Here are 2 more Psyco trades from today at London open and NY open.


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Postby zapzinig » Fri Feb 06, 2009 2:30 pm

2 Trades for today:

Both positive for a total today of 45 pips another 8% return.

This trade is all I need. 231 pips positive for the week.

Thanks TRO for opening my eyes to simplicity.

Gary


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chuchu
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Please explain

Postby chuchu » Sat Feb 07, 2009 4:07 am

Gary,

Please explain what you mean by:

"I waited for the cross of the line opposite the last candle color "

Does this mean you took long crosses only if the prior 5 min candle was red? And short crosses if only the prior 5 min candle was green?

thanks

Richard

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Postby zapzinig » Sat Feb 07, 2009 2:16 pm

chuchu wrote:Gary,

Please explain what you mean by:

"I waited for the cross of the line opposite the last candle color "

Does this mean you took long crosses only if the prior 5 min candle was red? And short crosses if only the prior 5 min candle was green?

thanks

Richard
Richard,

I only took long crosses if the previous H1 candle color was RED

I only took short crosses if the prev H1 candle color was GREEN


Gary

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Postby JESGPY » Sat Feb 07, 2009 2:58 pm

I started counting candles and trading in the oposite direction of a series of candles in one direction same also following the 1H candle color. Scored +60 pips yesterday in 3 trades.


JUAN
Last edited by JESGPY on Sat Feb 07, 2009 3:14 pm, edited 1 time in total.

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Postby JESGPY » Sat Feb 07, 2009 3:12 pm

Here are the 2 trades I took on the EUR/JPY. + 50 pips
I waited a lot between them but has worth waiting. Both trades were fast and I wasn't in a negative position for a long time.

JUAN
Attachments
EURJPY.JPG
EURJPY.JPG (123.3 KiB) Viewed 1788 times

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Postby zapzinig » Sat Feb 07, 2009 4:46 pm

Juan,

Nice trading!

Gary

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