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

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newark18
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Postby newark18 » Fri Apr 09, 2010 12:22 pm

Let me hear your thoughts on this. There is a momo candle, and it doesn't look like it is going to pull back at all, when do you decide to enter because it is trading beyond the "no trade zone" (the area from close to half of the momo candle)? I've always hesitated to jump in and then I see the price running away from me.
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Fri Apr 09, 2010 2:49 pm

Your two-dimensional minds amuse me...

Look at the bodies and the underlying price action on my charts :shock:

How are my charts different from your own?

And NO PRO the 30/30 is not a "filter" so much as it is what MZ is based upon; equilibrium lines.

Image

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bacoazul
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Postby bacoazul » Fri Apr 09, 2010 3:10 pm

The short trade was a test, just in
case price want to touch the low
again, and i get -20 because my
connenction fails when i was about
to close. The long trade was with
limit orders, and again i didn't close
were i want to in both, real and demo
account because my internet fails again
but overall those was 2 good trades.

Image

Image

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newark18
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Postby newark18 » Fri Apr 09, 2010 3:23 pm

I was hoping you wouldn't answer my question with a question.

MightyOne wrote:Your two-dimensional minds amuse me...

Look at the bodies and the underlying price action on my charts :shock:

How are my charts different from your own?

And NO PRO the 30/30 is not a "filter" so much as it is what MZ is based upon; equilibrium lines.

Image
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Fri Apr 09, 2010 3:23 pm

bacoazul wrote:The short trade was a test, just in
case price want to touch the low
again, and i get -20 because my
connenction fails when i was about
to close. The long trade was with
limit orders, and again i didn't close
were i want to in both, real and demo
account because my internet fails again
but overall those was 2 good trades.

Image

Image


At least your exit was above your momentum candle :smt023

You will get better at timing and maybe even learn how to trade without stops (don't do that just yet ;) )

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MightyOne
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Postby MightyOne » Fri Apr 09, 2010 3:25 pm

newark18 wrote:I was hoping you wouldn't answer my question with a question.

MightyOne wrote:Your two-dimensional minds amuse me...

Look at the bodies and the underlying price action on my charts :shock:

How are my charts different from your own?

And NO PRO the 30/30 is not a "filter" so much as it is what MZ is based upon; equilibrium lines.

Image


If I answered all of your questions then you would become a mindless drone.

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newark18
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Postby newark18 » Fri Apr 09, 2010 3:35 pm

If you are referring to your diamonds of perception, then I am not quite there yet.
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Fri Apr 09, 2010 3:53 pm

newark18 wrote:If you are referring to your diamonds of perception, then I am not quite there yet.


You do not need to be.

The purpose of the Diamond of Perception is to reduce 90 possible angles down to 15:

15-20-25-30-35-40-45-50-55-60-65-70-75-80-85

and then start by focusing on main angles within the group:

15-30-45-60-75

30-45-60

45.

A magical thing starts to happen when you use the Diamond of Perception

YOU FEEL PRICE.

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adaseb
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Postby adaseb » Fri Apr 09, 2010 3:57 pm

How is everyone's trading going?

Anyone find this week a little more tougher to trade?

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bacoazul
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Postby bacoazul » Fri Apr 09, 2010 4:01 pm

MightyOne wrote:
bacoazul wrote:The short trade was a test, just in
case price want to touch the low
again, and i get -20 because my
connenction fails when i was about
to close. The long trade was with
limit orders, and again i didn't close
were i want to in both, real and demo
account because my internet fails again
but overall those was 2 good trades.

Image

Image


At least your exit was above your momentum candle :smt023

You will get better at timing and maybe even learn how to trade without stops (don't do that just yet ;) )


Ty Mo i really appreciatte ur words, and right now
im just learning to set bigger goals with tiny risk,
im mad because that 20 pip stop, is too much :x

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