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

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Braathen
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Postby Braathen » Fri Mar 26, 2010 7:04 pm

Funny thing MO.. i was sitting wanting to ask you for something to chew on.. some mind food for while you where gone..
I thought i wouldnt bother you and here you go laying
one on us ;)

Thank you kindly

Ok, now how many of you are aware that you should rarely combine more than 3 candles? A candle will fill its range within the first or second half or in a 3rd of its duration. When you combine too many periods you have too many moving parts and this dilutes the power of the extremes. -MO
"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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es/pip
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Postby es/pip » Fri Mar 26, 2010 7:46 pm

If you do not combine candles then you have learned nothing up to this point :shock:



i dont do this---------------yet

i mean i kind of do in my mind in a way i guess---

i guess i need to start looking into this :shock:
Bend over and assume the position for another 4 years of hope and change.

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bacoazul
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Postby bacoazul » Fri Mar 26, 2010 10:50 pm

MightyOne wrote:
Ok, now how many of you are aware that you should rarely combine more than 3 candles? A candle will fill its range within the first or second half or in a 3rd of its duration. When you combine too many periods you have too many moving parts and this dilutes the power of the extremes.
:shock:



:oops: Ok Back to the beginning, again, hehe.

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roger_over
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Postby roger_over » Fri Mar 26, 2010 11:55 pm

Aloha MO , Thanks for all of your help even though I havn't posted here a lot you have helped a lot
Aloha
Last edited by roger_over on Sat Mar 27, 2010 2:44 am, edited 1 time in total.
Genius is more often found in a cracked pot than in a whole one.
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tmanbone
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Postby tmanbone » Sat Mar 27, 2010 12:02 am

Thanks for all your contributions MO. We appreciate you.

Cheers,
"The simplicity of the markets is it's greatest disguise"

T

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Brookmyre
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Postby Brookmyre » Sat Mar 27, 2010 1:16 am

Enjoy your downtime MO. Hopefully you'll look in from time to time :)
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

Humble
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Postby Humble » Sat Mar 27, 2010 1:52 am

MightyOne wrote:You guys were not ready for a MO E-Book :lol: How many of you combine candles when looking for a trade?


We do now!

I know it's not what you are showing exactly, but as an exercise I've been combining four 15 min candles so as to match the 1 hr candle. Then looking at these 15 min and 1hr charts side by side.

I know you have not said you are going for the year just yet, but congratulations on being in a position to do so this early in the year. Thank you for everything, including the efforts you have made to communicate your skills to those of us on a much lower level of understanding. Even if it meant easing back on the home brew!
Is price closing higher or lower than something? Simple yet powerful question. ..MO

Brookmyre
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Postby Brookmyre » Sat Mar 27, 2010 9:16 am

bredin wrote:Am I actually SEEing peoples stops getting hit? Or am I manufacturing it to explain the stalls?


Missed this post the first time round but was caching up on some readng today and found this comment and was curious as I'd had the same thought. Stops getting hit and maybe a little profit taking along the way. Wouldnt this account for MOs X Y description of momentum?
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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es/pip
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Postby es/pip » Sat Mar 27, 2010 5:15 pm

will be looking at this for the euro for this coming week and beyond

if these areas hold we could see a good move up from here

Image

Image
Bend over and assume the position for another 4 years of hope and change.

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MightyOne
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Postby MightyOne » Sat Mar 27, 2010 7:28 pm

es/pip wrote:will be looking at this for the euro for this coming week and beyond

if these areas hold we could see a good move up from here

Image

Image


I would try and take it down to 1.2680 for 2,100p+ gain because I am just sick in the head like that :lol:

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