OH,
X IS THE MOVE, Y IS THE "JOKES ON YOU"!!!!
Is that it?
EDIT:
No, that's not it. The newest pic looks different than the older one..............
And why can I NOT quit fixating on the "Z" in the upper left hand corner???
lukx zline trading log + cfabian p.35 + adaseb p.48
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- prochargedmopar
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Last edited by prochargedmopar on Sat May 01, 2010 12:23 am, edited 1 time in total.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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prochargedmopar wrote:OH,
X IS THE MOVE, Y IS THE "JOKES ON YOU"!!!!
Is that it?
EDIT:
No, that's not it. The newest pic looks different than the older one..............
And why can I NOT quite fixating on the "Z" in the upper left hand corner???
pretty sure y is the momo
x is not momo
Bend over and assume the position for another 4 years of hope and change.
- prochargedmopar
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How does this look?
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Hi!
this is my first post at kreslik, nomally i only look at ff. i only want to say thank you to tro, mo, dragon, esp etc.! i read the whole nla-thread and this zline-thread the last weeks.
my first steps with real money were promising. i tried zl and tro's fib-indicator...with zl i won, with the fib-indicator i lost (dragon, how did you do that!?!)...i closed the week with no profits but also with no losses. i found out that for the control of emotions is my personal key to success!
i think the masterplan how to make money with forex is written down in this thread and the nla-thread...and now everybody has to adapt it to their own preferences (which might be the hardest thing). but it is as es/pip said: it is all about extremes, momo, held profit and zl
dragon and vanna, please keep on posting your 15-min-charts from the pound. i also trade this pair and it is interesting to see how different people trade who use the same "system".
thanks again and enjoy the weekend
FX
this is my first post at kreslik, nomally i only look at ff. i only want to say thank you to tro, mo, dragon, esp etc.! i read the whole nla-thread and this zline-thread the last weeks.
my first steps with real money were promising. i tried zl and tro's fib-indicator...with zl i won, with the fib-indicator i lost (dragon, how did you do that!?!)...i closed the week with no profits but also with no losses. i found out that for the control of emotions is my personal key to success!
i think the masterplan how to make money with forex is written down in this thread and the nla-thread...and now everybody has to adapt it to their own preferences (which might be the hardest thing). but it is as es/pip said: it is all about extremes, momo, held profit and zl
dragon and vanna, please keep on posting your 15-min-charts from the pound. i also trade this pair and it is interesting to see how different people trade who use the same "system".
thanks again and enjoy the weekend
FX
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MightyOne wrote:cwn6161 wrote:MO - was the price reaching caused by the gap down? Traders wanted the gap filled, and once it had, the trend continued?
I always consider the previous close to be the next candles open so that there are no gaps.
Gaps are not part of my analysis
Held profit is.
The "gaps" that I speak of are not gaps in price.
I'm talking about area's of no X. when price is making Y. Those ore what I'm talking about being filled.
We here call it being 0'd out.
When price moves in small consolidations and small movements from each like stepping from pond lilly to pond lilly it is tough to get back through(dealing rates have been settled and agreed, no held profit) as there is no one to zero....but when it leaps like a gazelle then those areas are closed quickly and easily. (lots of profit being held)
Just observation.
M.O., were my XY's farily correct in the modified pic above?
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
So then, how do we not become labeled as noobs and fall for such a reach? From my view, if I was trading the original down trend I would want to see a reverse trend with an angle at LEAST as great as the down trend. The fakeout had a smaller angle, so a new trend hand't been signaled yet.
Is this decent analysis? I'm trying to keep the idea of angles in my head and equate that to price action.
Is this decent analysis? I'm trying to keep the idea of angles in my head and equate that to price action.
prochargedmopar wrote:MightyOne wrote:cwn6161 wrote:MO - was the price reaching caused by the gap down? Traders wanted the gap filled, and once it had, the trend continued?
I always consider the previous close to be the next candles open so that there are no gaps.
Gaps are not part of my analysis
Held profit is.
The "gaps" that I speak of are not gaps in price.
I'm talking about area's of no X. when price is making Y. Those ore what I'm talking about being filled.
We here call it being 0'd out.
When price moves in small consolidations and small movements from each like stepping from pond lilly to pond lilly it is tough to get back through(dealing rates have been settled and agreed, no held profit) as there is no one to zero....but when it leaps like a gazelle then those areas are closed quickly and easily. (lots of profit being held)
Just observation.
M.O., were my XY's farily correct in the modified pic above?
prochargedmopar wrote:MightyOne wrote:Anyone care to guess[s], for a cookie,[/s] what the circled area is called?
Look familiar?
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.
Momentum pattern is as follows:
+x, +y, +x, +y, etc.
If +x, +y then -x, -z is needed to reverse.
+x, +y = candle in the direction of profit.
X = body size considered to be non momentum
y = 2x
z = 3x
+ = body up
- = body down
+x, +y = candle in the direction of profit.
If +x, +y then -x, -z is needed to reverse.
If -x, -z then +x, +y to reverse.
If -x, -z, -x then +z to reverse.
+/-z always follows -/+x
Momentum pattern is as follows:
+x, +y, +x, +y, etc.
Reversing after +y is always -x, -z
Reversing after +x is always -z
It's all here in the thread, can't remember where, guessing between p125 and 200
Last edited by tmanbone on Sat May 01, 2010 4:26 pm, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"
T
T
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