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

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IN-XS
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Postby IN-XS » Sat Apr 10, 2010 5:31 pm

I have to say es/pip I am loving the clarity of your charts, no indicators, no mess. I having been trying a similar sort of method to you and have been having pretty good results. I find I can hold my trades longer because I am entering close to the turning point, before I entered on the rat method, which happens after the move and I find increases drawdown and therefore risk.

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MightyOne
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Postby MightyOne » Sat Apr 10, 2010 5:51 pm

es/pip wrote: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


Few people impress me :roll:

You are one of them :wink:

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es/pip
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Postby es/pip » Sat Apr 10, 2010 6:11 pm

MightyOne wrote:
es/pip wrote: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


Few people impress me :roll:

You are one of them :wink:



thanks

:D
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newark18
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Postby newark18 » Sat Apr 10, 2010 8:38 pm

A picture says a thousand words. My guess is that once you find the right "slope" (which is the equilibrium?) then you can watch the price action around this area to "predict" price movement. Am I close?

Sometimes I feel like a character in Lost...whenever I find an answer, a whole plethora of questions come up.

MightyOne wrote:
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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newark18
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Postby newark18 » Sat Apr 10, 2010 9:02 pm

Can you help me locate that post?

aliassmith wrote:
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:
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Sat Apr 10, 2010 9:16 pm

newark18 wrote:Can you help me locate that post?

aliassmith wrote:
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:


http://kreslik.com/forums/viewtopic.php ... &start=460

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bredin
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Postby bredin » Sat Apr 10, 2010 10:34 pm

forexjake80 wrote:you lost me there bredin...? So how do i get that sucker to paint?


It needs to be loaded as an EA, not an indi (ie from the /experts folder instead of the /experts/indicators folder).

I think the rectangle also needs to be named something specific as well, but dont quote me on that....

Its been a while since I looked at it.

G.
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newark18
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Postby newark18 » Sun Apr 11, 2010 1:47 am

Well, this chart shows that price is channeling between a 35% angle almost perfectly. Do I need to find the pivot line within this channel too? Or can I merely use the information seen when extreme candles break the channel? I am still not exactly sure what the DOP is but it seems like the channel can shows changes in trend and the pivot point can help determine direction of the trade.

I am starting to understand the importance of spatial intelligence. Most of us are so concerned about rigidty and rules of trading when others might be using solely their spatial intelligence to see changes in the market.
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Sun Apr 11, 2010 1:48 am

Well, this chart shows that price is channeling between a 35% angle almost perfectly. Do I need to find the pivot line within this channel too? Or can I merely use the information seen when extreme candles break the channel? I am still not exactly sure what the DOP is but it seems like the channel can shows changes in trend and the pivot point can help determine direction of the trade.

I am starting to understand the importance of spatial intelligence. Most of us are so concerned about rigidty and rules of trading when others might be using solely their spatial intelligence to see changes in the market.

Image
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Sun Apr 11, 2010 1:56 am

I see how MO describes his trading as discretionary. I see his charts and how he sees momentum. I see how he combines candles to see a story.

Right now, I can see the spatial aspect of it. But the question is can I see it while I am actually trading? Doubt it.
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