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

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newark18
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Postby newark18 » Mon Apr 05, 2010 5:52 pm

Don't worry, I don't plan on throwing everything into forex. I actually need to liquidate everything to manage expenses. But I appreciate the advice.
Failure is an opportunity to learn.

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newschool
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Postby newschool » Mon Apr 05, 2010 8:12 pm

noone22 wrote:
As it is commonly known, "gap will always close",
especially if it is Friday-to-Monday morning gap.


Not entirely true.

I have been checking gaps for weeks before creating my thread, and I believe the gap needs to be wide enough. Something like 30 pips, so the MMs really have a reason to go grab the SLs (at zl ?). If not, it can be seen as true fundamental move and the pair will not pullback right away.

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bredin
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Postby bredin » Mon Apr 05, 2010 8:45 pm

Ive noticed that larger gaps almost always make an initial move to close the gap, probably because of the belief that gaps always close. When I ran the stats for all weekly gaps the result was about 95% closes at some point during the week, but did no stats on when they close or how far they move away from the gap.
Sam Seiden talks in one of his videos about Novice and Pro gaps, I recall one can be expected to close and the other to continue away.

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Fxtraveller
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Postby Fxtraveller » Mon Apr 05, 2010 11:05 pm

Hello MO,

Just taking full advantage of your consent about replying to questions until April 10th.

WIll not ask for spoon feeding. Will give as much thoughts as pos. and then ask for some missing pieces of the puzzle. Any comments will be greatly appreciated as always.

---------------------------------------------------------

The pic below is from NLA. Only the BLUE letters are mine, the rest is your original post. So :

1.
The A, B, C and D are identified BreakOuts and hence ZLs.
The A1, B1, C1 and D1 is when price Zerolined the BE orders.

Correct?


2.

Novice Check 1 = SL hunt. Price Wicked the SLs and failed to close beyond extreme.
--> WIcks show the way not when price fails to close beyond the extremeFirst
--> Sign that the up move is over.

Correct?

3
Novice CHeck 2 - absolutely NO idea. Not even sure which candle you are refering to. Please advise.

4.

'Price moves to Vacuum' / 'or do you enter the vacuum?'

What IS the vacuum?

The area where there is no held profit? the 'great unknown' that price explores without trades to be Zlined?

5.

The yellow zones/spots. What do they indicate?

They encompass different amount of candles, got MOMO candles that create a clear Breakout.... no more ideas...


Kind Regards.

FxT.
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Fxtraveller
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Postby Fxtraveller » Mon Apr 05, 2010 11:36 pm

Im quite happy with the information about

1) the importance of Higher TFs and long term trading
2) Hedging, demanding better price and liquidating at extremes.
3) ZLs MZs etc...
----------------
But the Spatial Recomposition....

1) In Basic terms, the point of combining candles (into 3), is it to keep track of the long term trend so not to liquidate a good position too soon?

2) Or is it also to help us see what price really is doing (e.g. closing/ failing to close beyond exremes) ?

3) Is it your own experience or from some expensive mentorship that you cant talk about? ;)

4) HOW do we decide which 'normal' candle is the starting one of the combined candle? OR does it even matter?

5) In the pic below. The small Xs and Ys .... did you mark them small to underline that its in fact a retracement within the long term BEAR trend?

6) Other queries are in the Pic below.

-----------

Regards.

FxT.
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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 3:42 am

Fxtraveller wrote:Hello MO,

Just taking full advantage of your consent about replying to questions until April 10th.

WIll not ask for spoon feeding. Will give as much thoughts as pos. and then ask for some missing pieces of the puzzle. Any comments will be greatly appreciated as always.

---------------------------------------------------------

The pic below is from NLA. Only the BLUE letters are mine, the rest is your original post. So :

1.
The A, B, C and D are identified BreakOuts and hence ZLs.
The A1, B1, C1 and D1 is when price Zerolined the BE orders.

Correct?


2.

Novice Check 1 = SL hunt. Price Wicked the SLs and failed to close beyond extreme.
--> WIcks show the way not when price fails to close beyond the extremeFirst
--> Sign that the up move is over.

Correct?

3
Novice CHeck 2 - absolutely NO idea. Not even sure which candle you are refering to. Please advise.

4.

'Price moves to Vacuum' / 'or do you enter the vacuum?'

What IS the vacuum?

The area where there is no held profit? the 'great unknown' that price explores without trades to be Zlined?

5.

The yellow zones/spots. What do they indicate?

They encompass different amount of candles, got MOMO candles that create a clear Breakout.... no more ideas...


Kind Regards.

FxT.


How retro FxTraveller...

The chart used breakouts for examples of held profit.

The vacuum is what was later coined the Mighty Zone.

At the time of those posts I was still battling with how much information I was going to share.

Everything has been explained in far greater detail within other threads.

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adaseb
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Postby adaseb » Tue Apr 06, 2010 5:53 am



I actually had this image printed out in full color and I ended up laminating it.

I used to stare at that image for hours trying to understand it.

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adaseb
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Postby adaseb » Tue Apr 06, 2010 6:03 am

Fxtraveller wrote:Hello MO,


Novice CHeck 2 - absolutely NO idea. Not even sure which candle you are refering to. Please advise.



I think what he meant by novice check is that they tried tricking traders into thinking that it had established support from that previous resistance level.

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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 6:22 am

Sometimes I think I haven't conveyed any knowledge in 1.6k posts...I might be right :lol:

Multiple periods of X followed by bursts of Y is what?

(FxTraveller attached a picture in an above post)

When you learn new things feel free to apply them :wink:

Image

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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 8:33 am

Fxtraveller wrote:Im quite happy with the information about

1) the importance of Higher TFs and long term trading
2) Hedging, demanding better price and liquidating at extremes.
3) ZLs MZs etc...
----------------
But the Spatial Recomposition....

1) In Basic terms, the point of combining candles (into 3), is it to keep track of the long term trend so not to liquidate a good position too soon?

2) Or is it also to help us see what price really is doing (e.g. closing/ failing to close beyond exremes) ?

3) Is it your own experience or from some expensive mentorship that you cant talk about? ;)

4) HOW do we decide which 'normal' candle is the starting one of the combined candle? OR does it even matter?

5) In the pic below. The small Xs and Ys .... did you mark them small to underline that its in fact a retracement within the long term BEAR trend?

6) Other queries are in the Pic below.

-----------

Regards.

FxT.


1) In Basic terms, the point of combining candles (into 3), is it to keep track of the long term trend so not to liquidate a good position too soon?

I combine candles into 2 or 3 and rarely 4.

2) Or is it also to help us see what price really is doing (e.g. closing/ failing to close beyond exremes) ?

It is for a lot of reasons, what you said being one of them.

3) Is it your own experience or from some expensive mentorship that you cant talk about? ;)

The only thing that I cannot talk about is TREES which is a psychotic version of Elliot Wave that accurately predicts what is going to happen next in both the micro and macro time frames.

4) HOW do we decide which 'normal' candle is the starting one of the combined candle? OR does it even matter?

I get asked this question a lot...

By combining candles you will learn what is best. Start with combining momo and then ask your self why these 2 or these 3, why or why not shift forwards or backwards, etc.

5) In the pic below. The small Xs and Ys .... did you mark them small to underline that its in fact a retracement within the long term BEAR trend?

YES.

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