lukx zline trading log + cfabian p.35 + adaseb p.48

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MightyOne
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Postby MightyOne » Fri Jan 15, 2010 6:11 pm

This is the way that I observed the GU H4:

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adaseb
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Postby adaseb » Fri Jan 15, 2010 6:16 pm

MightyOne wrote:This is the way that I observed the GU H4:

Image


So basically momentum is determined by the angle between each day?

Is this diamond of perception theory?

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MightyOne
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Postby MightyOne » Fri Jan 15, 2010 6:20 pm

adaseb wrote:
MightyOne wrote:This is the way that I observed the GU H4:

Image


So basically momentum is determined by the angle between each day?

Is this diamond of perception theory?


No, the lines and boxes connect the candles that I am making comparisons to.

I am comparing recent to past history to understand what momentum and non-momentum are (for this chart) and what the current price action means.

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adaseb
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Postby adaseb » Fri Jan 15, 2010 6:29 pm

So is this also correct?

If so why was there a false direction change on Dec 28?

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MightyOne
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Postby MightyOne » Fri Jan 15, 2010 6:39 pm

adaseb wrote:So is this also correct?

If so why was there a false direction change on Dec 28?

Image


EQ is a 3 bar period of non-momentum that is "significantly" smaller than previous non-momentum.

The ability to make comparisons is a vital skill.

How do you know what momentum is if you cannot tell it apart from non-momentum?

The 2x rule works most of the time, but making comparisons is how you really do it.

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adaseb
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Postby adaseb » Fri Jan 15, 2010 8:10 pm

Trading takes patience.

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adaseb
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Postby adaseb » Fri Jan 15, 2010 8:13 pm

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cfabian
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Postby cfabian » Fri Jan 15, 2010 8:25 pm

Dragon, I was looking at this trade, and I wonder why you entered a limit order there? What did you see or how you based your decision? I can see some entry points, some before and some others after, but that was a laser precision entry and didn't expect price to wick that up.

BTW, my week's goal is achieved, which was to recover 2010 losses. Actually, I'm 6 pips away from recovering December's as well. Thanks a lot my friend.

Have a great weekend.



dragon33 wrote:
newschool wrote:
dragon33 wrote:
In the picture below: white lines are entry and the red are my stops. Do you see any zero ;-)
Image

This is years of experience and steeling with my eyes while other people where teaching how to do it. You need to find your own way and when you don't give up you will believe me.


Dragon, this screenshot shows exactly my opinion about Forex. Entries should always be made in MOMENTUM. The goal is to turn the trade positive as soon as we can, even by 1 pip. Then if you breakeven 10 times in a row, it doesnt matter because the 11th you may double-up.

Thats how I see it, what do you think.


Hihi this is what i think, my only trade from today.

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WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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adaseb
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Postby adaseb » Fri Jan 15, 2010 9:22 pm

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MDSEA
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Postby MDSEA » Fri Jan 15, 2010 10:04 pm

Here goes one from today.... Have a good weekend can't wait til next week
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