lukx zline trading log + cfabian p.35 + adaseb p.48
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- aliassmith
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newark18 wrote:This is fascinating stuff. I guess my fascination really shows how green I really am. But knowing this stuff really helps you understand why things move the way that they do. I guess that is why some people say that the market will sometimes move toward the ZL.
Nothing magical about zlines. They are a form of Support/Resistance
Trade Your Way as Long as It Makes Money!
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scratty wrote:Hi Fxtraveler
you wrote:
"still need a body in d of profit on at least one TF..."
do you wait for body in d of profit to close before you consider to go long? I try to get in earlier... other thaughts?Fxtraveller wrote:small bodies down retracing ....
BO zline wicked.... are we going up?
still need a body in d of profit on at least one TF...
however on D1 its the zline in the opposite direction thats been wicked....
A body is not a body until it is closed. it can turn back into a wick in an instant
to answer your question: yes, CLOSED body show the way. --MO
tmanbone wrote:MightyOne wrote:Humble wrote:Hey MO, did I mark this up right?
"Think of a single candle as a droplet of water which collects with other droplets, on an uneven surface, gaining momentum and thus defining direction." -MO
Spatial Intellect, regrouping information so that it syncs with the price action is vital to successfully analyzing a chart.
Is the chart marked correctly?
That all depends upon how and what you see.
I cannot see for you nor is what I see necessarily what is "correct" even if we are working with my own ideas.
Analysis is a reflection of self not a reflection of MO.
MO,
I'm curious what helped you most to develop your spacial intellect skills? I appreciate you. Thanks,
I am going to have to say that TRO's Buzzard Reversal Stats best helped me develop my S.I.
The number of consecutive candles, on a single time frame, before one could expect a candle of the opposite color was 2 to 4.
When I combined 2 to 4 candles containing momo then I noticed that I would get a larger series of candles.
I never really use 4 anymore, I am always combining 2-3 to get the job done.
Before TRO I was using complicated time + price methods and now I am ever leaning toward simplicity.
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adaseb wrote:
This is why I hate myself for describing things technically
Does that red candle fit into any of the following sentences:
Green candles are consecutively closing higher.
Red candles are consecutively closing lower.
Don't answer too quickly, think about it.
How does the size of the body compare with the recent past?
Was its low extreme violated?
--You build a picture in your mind by asking questions and then you act on that picture.
Thanks fxtraveller
So i try to visualize the what you said:
1= Body (closed) in direction of profit
2= Wick (closed) in direction of loss
3= Body (closed) in direction of profit
So you try to long after 3 closed....
So i try to visualize the what you said:
1= Body (closed) in direction of profit
2= Wick (closed) in direction of loss
3= Body (closed) in direction of profit
So you try to long after 3 closed....
Fxtraveller wrote:scratty wrote:Hi Fxtraveler
you wrote:
"still need a body in d of profit on at least one TF..."
do you wait for body in d of profit to close before you consider to go long? I try to get in earlier... other thaughts?Fxtraveller wrote:small bodies down retracing ....
BO zline wicked.... are we going up?
still need a body in d of profit on at least one TF...
however on D1 its the zline in the opposite direction thats been wicked....
A body is not a body until it is closed. it can turn back into a wick in an instant
to answer your question: yes, CLOSED body show the way. --MO
Lose professionally!
- ***FX-JEDI***
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aliassmith wrote:***FX-JEDI*** wrote:Out of trade at 634 pips...
Your pip gains are insane!
What leverage do you use for this?
If it is the sizeof mine and MO's then it is really insane.
If it is the size of ES/PIP's leverage then I'll faint.
Yeah this has been my best position trade yet...
only a small leverage on it at the moment, I need to start really focusing on entries now to reduce risk as price goes my way on entry, & to add more lots, then you will be fainting..!! also there were plenty more opportunities to add to my position, and to also hedge down, but I was just wanting to see how long I could hold for & believe in myself that my target would be reached... if you look at weekly GBP/JYP you will see why I was holding long for all that time..
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....
then being in the market wishing you were out.....
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