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

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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 4:44 am

Braathen wrote:"whats wrong with this picture" from my point of view.
Only 2 TF's all the way. No momo comparing.. etcetc
"The market can fool anyone on 1 TF, but not on all TF's"

This how i see the latests movments on GU.
Image
Long since 1.5931

PS. Yes i did want to short the GU on the momo it made yesterday but.. i didnt...


I believe in you :wink:

Keep at it!

Image

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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 4:57 am

I am asked these questions a lot:

Q: How do you enter

A: How do you enter

Q: Where do you enter

A: Off the daily+ extremes

Q: What stop loss do you use

A: What stop loss do you use

Glad I could be of some assistance :wink:

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cfabian
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Postby cfabian » Wed Feb 03, 2010 5:05 am

MO, about this spatial intellect thing... is it just as "simple" (yeah right!!!) as creating you own TF/candles and trade those candles? The clue here would be what timeframe to create, and what candle to use as start point.

Is it?



MightyOne wrote:
Braathen wrote:"whats wrong with this picture" from my point of view.
Only 2 TF's all the way. No momo comparing.. etcetc
"The market can fool anyone on 1 TF, but not on all TF's"

This how i see the latests movments on GU.
Image
Long since 1.5931

PS. Yes i did want to short the GU on the momo it made yesterday but.. i didnt...


I believe in you :wink:

Keep at it!

Image
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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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 5:34 am

cfabian wrote:MO, about this spatial intellect thing... is it just as "simple" (yeah right!!!) as creating you own TF/candles and trade those candles? The clue here would be what timeframe to create, and what candle to use as start point.

Is it?



MightyOne wrote:
Braathen wrote:"whats wrong with this picture" from my point of view.
Only 2 TF's all the way. No momo comparing.. etcetc
"The market can fool anyone on 1 TF, but not on all TF's"

This how i see the latests movments on GU.
Image
Long since 1.5931

PS. Yes i did want to short the GU on the momo it made yesterday but.. i didnt...


I believe in you :wink:

Keep at it!

Image



:lol:, it is not as simple as creating a fixed time frame.

The momentum on a chart is variable and the starting point keeps shifting.

The time contained within a candle sets the minimum price range etc.

It is not as simple as a chart formation or a 50% retracement, but it is not as hard as quantum physics either.

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pablo101
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Postby pablo101 » Wed Feb 03, 2010 5:46 am

MightyOne wrote:Image


From this chart you posted, can you get a hint to use the correct TF from the non momo activity from your first black box you drew?
What line? The line that tells you which way you are trading! - MO

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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 6:01 am

pablo101 wrote:
MightyOne wrote:Image


From this chart you posted, can you get a hint to use the correct TF from the non momo activity from your first black box you drew?


Only that was not the first box I drew...

You can get all the hints you need from momo and bounces.

Just create 7 GBPUSD charts and then try and manually draw it differently on each one; a few of them have to look better than the others.

Find out why those charts are better and refine your skills.

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lukx
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Postby lukx » Wed Feb 03, 2010 6:49 am

based on what you draw the boxes like you draw them? for example why you draw it like this:
Image

and not liek this:

Image

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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 7:09 am

lukx wrote:based on what you draw the boxes like you draw them? for example why you draw it like this:
Image

and not liek this:

Image


1. I was responding to Braathen's use of end of run momo instead of looking for price to slow, a wick, etc.

2. You are not even connecting opens and closes...why would anyone draw it like that? (have you been drinking :wink:)

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lukx
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Postby lukx » Wed Feb 03, 2010 7:17 am

AH! So you connect open close ! MO you are really unable to say anything straight , don't you !? :)

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MightyOne
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Postby MightyOne » Wed Feb 03, 2010 7:19 am

lukx wrote:AH! So you connect open close ! MO you are really unable to say anything straight , don't you !? :)


I assumed the reader could figure out that combining candles involves connecting opens and closes :lol:

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