lukx zline trading log + cfabian p.35 + adaseb p.48
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- prochargedmopar
- rank: 10000+ posts
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The bad thing about custom candle is that I can use it to re-affirm a faulty bias.
Do you want to go long?
Or do you want to go short?
I see you tossed in the 30/30. Maybe a filter for shorts eh? LOL
Where have the banks drawn their line?
check, check, check, BOOM
Do you want to go long?
Or do you want to go short?
I see you tossed in the 30/30. Maybe a filter for shorts eh? LOL
Where have the banks drawn their line?
check, check, check, BOOM
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
newark18 wrote:woo hoo. 50 posts. Only 950 more to be considered for private MO tutoring!
See you have been reading all the posts and remembering their content.
The best way to apply what is taught is to mark the charts the hard way, without any/many indi.
That said I'm sure Blubbbs indi allows for a ZL to be drawn at 50% of memo. Experiment with the settings.
Is price closing higher or lower than something? Simple yet powerful question. ..MO
prochargedmopar wrote:The bad thing about custom candle is that I can use it to re-affirm a faulty bias.
Do you want to go long?
Or do you want to go short?
I see you tossed in the 30/30. Maybe a filter for shorts eh? LOL
Where have the banks drawn their line?
check, check, check, BOOM
All this are MO's posts
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.
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.
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
bacoazul wrote:prochargedmopar wrote:The bad thing about custom candle is that I can use it to re-affirm a faulty bias.
Do you want to go long?
Or do you want to go short?
I see you tossed in the 30/30. Maybe a filter for shorts eh? LOL
Where have the banks drawn their line?
check, check, check, BOOM
All this are MO's posts
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.
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.
Exactly my point.
We are told to trade multiple time frames................there are a hell of a lot of H1 candles in a yearly charts "3" candles.
At times it seems targets and direction get very confusing/skewed when not focusing in on a narrow range of time frames, at least for me up to this point in my career.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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