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

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bacoazul
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Postby bacoazul » Sat Apr 10, 2010 1:56 am

newark18 wrote: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?



Yes, this is the continuation of the
NLA tread, no exactly from the first
but is the correct tread to focus after
NLA.

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noone22
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Postby noone22 » Sat Apr 10, 2010 5:39 am

MightyOne wrote:A magical thing starts to happen when you use the Diamond of Perception.
YOU FEEL PRICE


And then?

I'll be trading according to my feelings?!
I've read somewhere, that I should trade what I see,
but not what I feel .
(I feel really bad about the price sometimes, you know).

Unfortunately, I cannot trade, what I see,
because I cannot "see".

Anyway, the whole idea of Diamond of Perception
is still not clear to me:
OK, price could move in the channel,
and channel angle (speed) could reduce/decrease by 2.
There is lot of subjectivity involved, how actually to draw
the channel, but even if I have drawn one on my charts,
I'm not sure, what to do next...

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MightyOne
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Postby MightyOne » Sat Apr 10, 2010 6:02 am

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?


Image

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forexjake80
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Postby forexjake80 » Sat Apr 10, 2010 10:15 am

there was a diamond of perception indi posted couple of hundred posts ago... it is not painting on my charts, anyway, my point is, if there is an indi for it - doesnt that necesarily mean there is a clear set of rules that can be applied to a chart to draw these lines?

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bredin
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Postby bredin » Sat Apr 10, 2010 10:21 am

Its not an indi, its an ea that takes a user input (a rectangle from memory) to do its calculations from.

G.
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forexjake80
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Postby forexjake80 » Sat Apr 10, 2010 10:29 am

you lost me there bredin...? So how do i get that sucker to paint?
It's time to kick ass and chew bubble gum. And I'm all out of gum.

franck
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Postby franck » Sat Apr 10, 2010 10:54 am

Let me input certain reverse engineer on DOP, although my input may not be the intended message in the 1st place. it's magical anyway ;)

1) What is/are the purpose/s of DOP? The answer arose from the need i see. It is one of the many tools around.

a) To identify a wick entry.
b) To find a point of a time-frame bar when one should look to change color ie red or green rat. Every bar must have a point.
c) To exit at a wick extreme before the wick of the next bar, if i know/FEEL the correction maybe large.

2) How do i use it? Wait for the price to go there and watch. Sometimes, it is good just to take the risk at that point. There is no need to think/analyse when the risk can be lessened to only 5-10 pips depending on the pair.

it puzzles me when one is willing to pay 30-60 pips but not 5-10 pips to find out if they are right or not. 6 x 5 pips = 30 pips shows me i have got 6 times to get it correct! They must be thinking that 30-60 pips makes one MORE correct than using a 5-10 pips stop.
* anyOne can be prOfitable tradING ANY line. see it?

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Postby aliassmith » Sat Apr 10, 2010 1:49 pm

franck wrote:Let me input certain reverse engineer on DOP, although my input may not be the intended message in the 1st place. it's magical anyway ;)

1) What is/are the purpose/s of DOP? The answer arose from the need i see. It is one of the many tools around.

a) To identify a wick entry.
b) To find a point of a time-frame bar when one should look to change color ie red or green rat. Every bar must have a point.
c) To exit at a wick extreme before the wick of the next bar, if i know/FEEL the correction maybe large.

2) How do i use it? Wait for the price to go there and watch. Sometimes, it is good just to take the risk at that point. There is no need to think/analyse when the risk can be lessened to only 5-10 pips depending on the pair.

it puzzles me when one is willing to pay 30-60 pips but not 5-10 pips to find out if they are right or not. 6 x 5 pips = 30 pips shows me i have got 6 times to get it correct! They must be thinking that 30-60 pips makes one MORE correct than using a 5-10 pips stop.


Between this post and the one you did in MO's MBT thread it appears to
cover Price Action in it's lovely glory. Trading is fairly simple once you see
what to look for. The hardest part is to get the mind and fingers to work
together. :lol:
Trade Your Way as Long as It Makes Money!

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dojirock
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Postby dojirock » Sat Apr 10, 2010 2:27 pm

Franck,

thank you for your explanations on these threads.... i am really thinking way two much.....I need to go back to "what do you see"? Clear my charts and start again!

doji

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es/pip
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Postby es/pip » Sat Apr 10, 2010 5:12 pm

swing account

this is a follow up on the previous W1 chart i posted on the euro

in and out a couple times so far but now i am in at a pretty good spot and will hold to see what happens

i will be watching to see what happens in the 1.3787 ish area

if we can get above that and hold then i will be looking for 1.4216 ish area


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

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