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

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IN-XS
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Postby IN-XS » Tue Feb 02, 2010 11:32 am

Ok MightyOne, I am looking now and the first thing I notice is where the price is at the moment. Looking to the left it is at the 50% mark of a large momo down and looking further to the left, this area seems to have been wicked a few times, which would suggest to me that it could reverse? Am I on the right lines?

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MightyOne
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Postby MightyOne » Tue Feb 02, 2010 11:33 am

gootson wrote:my guess is: You are looking for strong momentum / body in the direction of profit?


Care to guess what is wrong with the picture then?

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MightyOne
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Postby MightyOne » Tue Feb 02, 2010 11:35 am

IN-XS wrote:Ok MightyOne, I am looking now and the first thing I notice is where the price is at the moment. Looking to the left it is at the 50% mark of a large momo down and looking further to the left, this area seems to have been wicked a few times, which would suggest to me that it could reverse? Am I on the right lines?


What is wrong with how the boxes are drawn...

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gootson
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Postby gootson » Tue Feb 02, 2010 11:36 am

they are all the same, but they shouldn't. Rising box should be a half of a falling (retracement) boxes

Don't pick up timeframe, let the chart tell it to you by itself. (or sth like that)
Experience is one thing you can't get for nothing.

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MightyOne
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Postby MightyOne » Tue Feb 02, 2010 11:39 am

gootson wrote:they are all the same, but the shouldn't. Rising box should be a half of a falling (retracement) boxes


Let us leave arrangement out of this :lol: or heads will explode!

What else is wrong?

Better yet, how would you have set the boxes and how are they drawn?

Do they feel right to you?

Why not?

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rushN4
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Postby rushN4 » Tue Feb 02, 2010 11:45 am

all boxes have nearly the same size
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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MightyOne
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Postby MightyOne » Tue Feb 02, 2010 11:47 am

rushN4 wrote:all boxes have nearly the same size


Deep down inside I know they feel wrong to all of you even though you cannot place it :wink:

How bout the fact that they are just placed on the chart and completely ignore the periods in which momentum occurred?

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IN-XS
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Postby IN-XS » Tue Feb 02, 2010 11:54 am

So if they are just placed on the chart, then they have no relevance to price and momo!

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Postby gootson » Tue Feb 02, 2010 11:57 am

Image
Is this one is correct?
Experience is one thing you can't get for nothing.

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MightyOne
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Postby MightyOne » Tue Feb 02, 2010 12:01 pm

IN-XS wrote:So if they are just placed on the chart, then they have no relevance to price and momo!


What does your new found insight say about data between an open and a close?

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