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

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dragon33
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Postby dragon33 » Tue Mar 16, 2010 12:24 pm

IN-XS wrote:Morning Dragon I also like a lot of confirmation, but I would have entered on the same candle, but higher up. I see that your entry is almost the same postition as my 50ema. Also you have changed back to 1H overlay, do you prefer that to 45M?


All my previous observation was done on the H1 overlay charts so i feel more comfortable using those charts.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Tue Mar 16, 2010 12:28 pm

***FX-JEDI*** wrote:
dragon33 wrote:Image

The white ellipse was the first indication. Price failed to close above the extreme. entered on the second white line. 126 pips.
Did the same on ej and gj good for a total of 346 pips.


Nice Trading Dragon!!! :D

I put what I see on your chart, is this along you thinking/seeing???

Cheers ***FX-JEDI***


It seems like i hear myself talking except the KR candles but it seems to work out those KR thingys of yours. Need to observe them more
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

Brookmyre
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Postby Brookmyre » Tue Mar 16, 2010 1:48 pm

dragon33 wrote:
Brookmyre wrote:Hi Dragon....I also have a question about your ellipse candle.

I've seen you refer to the failure to close beyond the extreme before as an indicator of whats to come....and I'd like to ask, is it general price action your referring to (ie: multiple candles that fail to close beyond an extreme) or specifically the failure of a breakout candle?

Thanks


It is just the general priceaction. Failures are important to make your decisions. I know you have to be quick that's also the reason why i ask everyone to handle just one chart.
If you play the bigger frames you can handle more


Thank you Dragon for replying.

Could you possibly post further about how failures help to shape your decisions, if you get the chance? After spending a lot of time reading NLA and Lukxs thread, this seems to be an area that isn't focussed upon, and any further light would be appreciated.

Thanks!!

Thanks
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

Fxforce
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Postby Fxforce » Tue Mar 16, 2010 6:25 pm

Hi Dragon !

Quick question : if you missed entry which you showed where would have been the next one ? At 1,5125 ?

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Postby Fxtraveller » Tue Mar 16, 2010 8:23 pm

big move up, expecting a retracement (profit taking) and the LONG again!

will wait for a wick in d of loss, body in d of profit !
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dragon33
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Postby dragon33 » Tue Mar 16, 2010 8:28 pm

Fxforce wrote:Hi Dragon !

Quick question : if you missed entry which you showed where would have been the next one ? At 1,5125 ?


Entry on every other candle after price keeps failing to close above of equal of every previous candle openprice. As long as you find there is enough profit to gain.
Trading is like cycling, first you need to learn how.

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Humble
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Postby Humble » Wed Mar 17, 2010 2:33 am

***FX-JEDI*** wrote:I put what I see on your chart, is this along you thinking/seeing???
Cheers ***FX-JEDI***


KRCandles seem to have significance when they occur after memo.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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MightyOne
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Postby MightyOne » Wed Mar 17, 2010 6:06 am

See, I am not making this stuff up:

http://www.bloomberg.com/apps/news?pid= ... ximP6.Eta8

Humble
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Postby Humble » Wed Mar 17, 2010 7:47 am

Hey MO, did I mark this up right?

Image
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby Fxtraveller » Wed Mar 17, 2010 8:00 am

MightyOne wrote:See, I am not making this stuff up:

http://www.bloomberg.com/apps/news?pid= ... ximP6.Eta8


this is just outrageously ludicrous

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