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

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MightyOne
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Postby MightyOne » Fri Apr 30, 2010 6:46 pm

cwn6161 wrote:
MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Would that be equilibrium, or non-momentum?


It is called Price Reaching.

Mostly non-momo with moments of activity to get traders heading in the wrong direction.

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Fxtraveller
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Postby Fxtraveller » Fri Apr 30, 2010 6:47 pm

MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Price reaching? :oops:

Fxtraveller
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Postby Fxtraveller » Fri Apr 30, 2010 6:49 pm

MightyOne wrote:
cwn6161 wrote:
MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Would that be equilibrium, or non-momentum?


It is called Price Reaching.

Mostly non-momo with moments of activity to get traders heading in the wrong direction.



HONESTLY, I did not peek, just posted a few seconds late :)

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MightyOne
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Postby MightyOne » Fri Apr 30, 2010 6:50 pm

Fxtraveller wrote:
MightyOne wrote:
cwn6161 wrote:
MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Would that be equilibrium, or non-momentum?


It is called Price Reaching.

Mostly non-momo with moments of activity to get traders heading in the wrong direction.



HONESTLY, I did not peek, just posted a few seconds late :)



Don't worry, you will get your cookie :lol:

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adaseb
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Postby adaseb » Fri Apr 30, 2010 7:13 pm

Image
Image

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Fxtraveller
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Postby Fxtraveller » Fri Apr 30, 2010 7:55 pm

MightyOne wrote:
Fxtraveller wrote:
MightyOne wrote:
cwn6161 wrote:
MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Would that be equilibrium, or non-momentum?


It is called Price Reaching.

Mostly non-momo with moments of activity to get traders heading in the wrong direction.



HONESTLY, I did not peek, just posted a few seconds late :)



Don't worry, you will get your cookie :lol:


The day I finally double my a/c will be my 'cookie' day :)
MO, You already showed me where that cookie is and how to get there, I just need to act

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dragon33
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Postby dragon33 » Fri Apr 30, 2010 8:39 pm

Thanx guys, allready feeling better as a few hours back.

I hope to walk normally by the end of next week.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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bacoazul
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Postby bacoazul » Fri Apr 30, 2010 8:48 pm

dragon33 wrote:I see some of you did wel today.

As for me i was not trading, got operated on my knee today and all i can say right now is "it hurts"

I also see i missed some nice tradingday.


I hope you recover soon.
These are my principles. If you don't like them, I have others.

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bacoazul
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Postby bacoazul » Fri Apr 30, 2010 8:56 pm

Ok, im very happy with my today trades,
why?, because i don't get fool, hehe.
All my daily charts were saying me, wait for
a short trigger, so i wait.
I miss the GJ trade, the EU ws B/E, i get some on
the EJ and the GU was this:

1 daily resistance was broken, so i wait for the
next one.

Image

Looking at the H1 chart i notice a "panic" candle around
the price i was looking, so i keep waiting.

Image

And the M15/45 chart give me the answer, and the
trigger
8)

Image

As i side note, i am missing a lot of trades on GJ,
im gonna study why.
These are my principles. If you don't like them, I have others.

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prochargedmopar
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Postby prochargedmopar » Fri Apr 30, 2010 10:49 pm

MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?


Image


Look familiar?

Image

Not sure who posted the "thoughts in blue".

Will someone please direct me to where mo first starts teaching about the X, Y, in this type of pattern.??

Some how I got them backwards in my head and thought X was the extreme and Y was a retrace.

The X, XX, and XXX maker perfect sense.
As does the Y, YY, and YYY.

Some how this is different.

Now i can't figure out exactly what these X's are showing because I cannot place them on a chart properly myself.

This is how my brain thinks too, it simple terms of Black/White.

I NEED TO KNOW THIS INFORMATION.
#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

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