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

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MightyOne
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Postby MightyOne » Mon Jan 25, 2010 6:45 pm

adaseb wrote:Would it be possible to post a chart showing this.

I am confused what you mean by "Wicks show the way not when they retreat from the MO" and "... Wicks show the way not when, after momo, there is a breakout and price fails to close beyond the extreme".


By extreme you mean the prior high and prior low on the candles correct?


MightyOne wrote:I see that Vane has been reading :lol:

Bodies show the way

Wicks show the way not

~Bodies show the way when they close beyond the previous bars extreme price.
~Bodies show the way when they are compared to other bodies in the recent past.
~Wicks show the way not when they retreat from the Mighty Zone
~Wicks show the way not when, after momo, there is a breakout and price fails to close beyond the extreme.

You can never pick your own time frame :arrow: THE CHART WILL GIVE YOU THE TIME FRAME

You can never pick your own path :arrow: THE CHART WILL TELL YOU WHERE TO GO

It has never been about the lines :arrow: IT HAS ALWAYS BEEN ABOUT THE BODIES as bodies SHOW THE WAY

What does the chart as a whole tell you about what it wants to do next?

If you spend all of your time with a box of crayons drawing lines in the middle of bodies then you will never hear the voice of the market.

My methods do not tell you when to place a trade nor do zlines tell you where to enter.

My methods were always just tools that helped me make a decision with logic and discretion.

Feel free to trade in a similar manner, but just don't fool yourself into believing that you are doing things as taught by me.


Previous high/low of the last time period...yes.

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MightyOne
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Postby MightyOne » Mon Jan 25, 2010 7:10 pm

Image

Fxtraveller
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Postby Fxtraveller » Mon Jan 25, 2010 7:18 pm

Well, I hope nobody was crushed by the Sell trade on gu, it skyrocketed.... take the D1 and see.... Its the new wave up, and it will 100s of pips. will stay with a bullish attitude this week, looking for buys.
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Fxtraveller
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Postby Fxtraveller » Mon Jan 25, 2010 7:30 pm

MightyOne wrote:Image


Mighty, I appreciate your teaching more than anything. great charts that spur questions to be answered.

To let you know how you influenced my trading:

Since January 1st, ALL winners with some Break-evens and scalps (when chickened out), and NO losers. this is phenomenal. and the knowledge that you give away is FREE..... THANK YOU....

I am trading live, though 0.02 lot only ( about 2$/trade). I am not happy with myself since I cut my profits often. once I overcome this, I WILL increase my lotsize....

Look forward to any other drop of value that you might decide to post here.

Regards.
FxT

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Postby Fxtraveller » Mon Jan 25, 2010 7:33 pm

Mighty, by saying 'getting too far away from an untested ZL to be of use...'
do you mean that a considearble correction (move down) should be expected?

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adaseb
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Postby adaseb » Mon Jan 25, 2010 7:34 pm

Yeah I was in that GU short. Got stopped

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Braathen
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Postby Braathen » Mon Jan 25, 2010 7:40 pm

Well isnt that just like "Price speeds up by 2 and slows by half"
Spped up by 2= body in direction og profit
Half= wick
Just like u showed the the picture where u marked "Start and Finish" of your Bodie in Direction or Profit.. the market doesnt just move in a straight line.. hmm i still like my crayon lines just so my head can see what im thinkng :O Its hard to "see outside the box" like you once told me... guess my mind has been mushed by systemized ideas of working edicet i have been fed for years... free your mind and the rest will follow? :P anyway i made a nice profit on the ej earlier from my pic and a revearse on that.. also got the GU long just bagged it now and im done for the day. This is how i see it.. larger TF start to finish momo (4H) .. rat entry off 5-10-15m TF between 0%and 50% or near.
Image
Crayons and colour.. sorry :(
EJ is very similar to the GU today imo so i wont bother posting that.. but not a bad day for PA today.. both GU and EJ have made nice moves
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Postby MightyOne » Mon Jan 25, 2010 7:52 pm

Fxtraveller wrote:Mighty, by saying 'getting too far away from an untested ZL to be of use...'
do you mean that a considearble correction (move down) should be expected?


The further you get away from momo the less useful it becomes.

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MightyOne
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Postby MightyOne » Mon Jan 25, 2010 7:57 pm

Fxtraveller wrote:
MightyOne wrote:Image


Mighty, I appreciate your teaching more than anything. great charts that spur questions to be answered.

To let you know how you influenced my trading:

Since January 1st, ALL winners with some Break-evens and scalps (when chickened out), and NO losers. this is phenomenal. and the knowledge that you give away is FREE..... THANK YOU....

I am trading live, though 0.02 lot only ( about 2$/trade). I am not happy with myself since I cut my profits often. once I overcome this, I WILL increase my lotsize....

Look forward to any other drop of value that you might decide to post here.

Regards.
FxT


It is all just bait for the $45,000 webinars that I am going to hold :wink:

I am happy to hear of your success.

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MightyOne
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Postby MightyOne » Mon Jan 25, 2010 8:04 pm

Braathen wrote:Well isnt that just like "Price speeds up by 2 and slows by half"
Spped up by 2= body in direction og profit
Half= wick
Just like u showed the the picture where u marked "Start and Finish" of your Bodie in Direction or Profit.. the market doesnt just move in a straight line.. hmm i still like my crayon lines just so my head can see what im thinkng :O Its hard to "see outside the box" like you once told me... guess my mind has been mushed by systemized ideas of working edicet i have been fed for years... free your mind and the rest will follow? :P anyway i made a nice profit on the ej earlier from my pic and a revearse on that.. also got the GU long just bagged it now and im done for the day. This is how i see it.. larger TF start to finish momo (4H) .. rat entry off 5-10-15m TF between 0%and 50% or near.
Image
Crayons and colour.. sorry :(
EJ is very similar to the GU today imo so i wont bother posting that.. but not a bad day for PA today.. both GU and EJ have made nice moves


Lets not talk about the Diamond of Perception :shock:

Image :wink:

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