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

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bacoazul
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Postby bacoazul » Fri Apr 09, 2010 4:03 pm

adaseb wrote:How is everyone's trading going?

Anyone find this week a little more tougher to trade?


My week was great, except for a $%&@# 20 pips stop.

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newark18
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Postby newark18 » Fri Apr 09, 2010 4:21 pm

I've "print screened" all of your diamonds of perception posts. I just don't understand where to place them. I think I will need to re-read all those posts. I was going to save them for later to have all the other information sink in. Do you think it is something I should jump into now?

MightyOne wrote:
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.
Failure is an opportunity to learn.

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cfabian
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Postby cfabian » Fri Apr 09, 2010 4:22 pm

PRO, I get your point, and that's the reason I try not to combine candles. In reality I check all time frames, however I try to focus more on H1 targets. The outcome? trades with 40 - 120 pips potential. Isn't it enough a day? or even 100 - 200 a week? I'm not there yet, still battling, but I prefer trade shorter term (intraday) than longer term trades.



prochargedmopar wrote:
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?

Image

Or do you want to go short?

Image

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

Image



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.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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es/pip
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Postby es/pip » Fri Apr 09, 2010 6:03 pm

adaseb wrote:How is everyone's trading going?

Anyone find this week a little more tougher to trade?



i thought it was normal PA and trading for the week as far as scalping goes, I'm not even going to get into those numbers--- it was redonkulus :D

swing trades

pound trade took me a couple of times till i had it.

Image

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

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newark18
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Postby newark18 » Fri Apr 09, 2010 7:04 pm

Just tried drawing my version of diamonds of perception and let's just say that I have a headache.
Failure is an opportunity to learn.

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prochargedmopar
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Postby prochargedmopar » Fri Apr 09, 2010 7:30 pm

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


Yes Sir.

"Filter" was definitely the wrong word to use. I was trying to be (what word to use here?), Ummm. ... Hmmm. Not cute but uhh. "tonge in cheek" maybe. I'm still not sure how to describe it but I was hoping for a smile from the master.

And I do see what your saying about equilibrium.
"the great zeroing machine!!" Well, if you think about it how could it always zero us out if it didn't come back to "middle". And thats why the more parabolic the move, the more extreme(greater angle) the correction.

Gotta be careful with that too though because if you look at monthly charts some of the currencies are at more of an extreme than others.
What TRO may call.
"opportunity". LOL

Your help is great, and even more your ability to hang around here is what is the most amazing.

I have not found a place on the net yet where someone has your kind of staying power. Maybe why your such a good trader, ya think?

es/pip,
NICE trades btw.

Those did NOT go unnoticed.
#1BODY in direction of profit #2INCREASE lot size Obsessively
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newark18
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Postby newark18 » Fri Apr 09, 2010 9:47 pm

MO,

Here is my stab at diamond of perception. I haven't fully grasped the concept so this may be extremely wrong but here goes:

The pink channel is the 15* channel. One the candle breaks north of this channel (marked 1), the price trends on the 30* channel in yellow.

Then the candle breaks north again (marked 2), the price trends on the 45* angle in red channel.

Image

Am I way off?
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bredin
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Postby bredin » Fri Apr 09, 2010 11:34 pm

newark18 wrote:MO,

Here is my stab at diamond of perception. I haven't fully grasped the concept so this may be extremely wrong but here goes:

The pink channel is the 15* channel. One the candle breaks north of this channel (marked 1), the price trends on the 30* channel in yellow.

Then the candle breaks north again (marked 2), the price trends on the 45* angle in red channel.

Image

Am I way off?
I may also be very wrong, but it looks to me like a 30 channel (basically from the inital hi2/low3, through the hi3/lo3 and the next hi2/lo2) accelerating into a 60 channel (basically a line betwiin the last two 3 sema)

Im just using the semas as convienent visual points, not in any other way.

G.
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newark18
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Postby newark18 » Sat Apr 10, 2010 12:57 am

Has anyone ever had this issue? I am clicking on the MT4 icon to start the program but I am getting no response after I see the hourglass sumbol for a few seconds. I am using windows 7 and never had this problem before.
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Sat Apr 10, 2010 1:02 am

also, I am done with NLA (although the last page of the thread does nto open for me. I feel like it is a cruel trick to newbies dying to finish the thread). Anyway, what thread should I focus on next? This thread from the beginning?
Failure is an opportunity to learn.

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