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MightyOne
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Postby MightyOne » Sat May 01, 2010 3:29 pm

tmanbone wrote:
prochargedmopar wrote:
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.


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 p150 and 200


I never said anything about there being a Z :lol:

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MightyOne
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Postby MightyOne » Sat May 01, 2010 3:53 pm

cwn6161 wrote: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.



It is not about just lines or just bodies or just wicks.

It is all about making comparisons and letting the currency pair define its self.

If you don't use logic then you are labeled a noob...or that guy who will still be broke a year from now (whichever you prefer) :wink:

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tmanbone
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Postby tmanbone » Sat May 01, 2010 4:33 pm

MightyOne wrote:
tmanbone wrote:
prochargedmopar wrote:
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.


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 p150 and 200


I never said anything about there being a Z :lol:


These post that I copied and pasted could have been others interpretation of MO's teaching. I'm a little lost now that MO says he never said anything about a Z.
"The simplicity of the markets is it's greatest disguise"

T

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MightyOne
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Postby MightyOne » Sat May 01, 2010 7:22 pm

tmanbone wrote:
MightyOne wrote:
tmanbone wrote:
prochargedmopar wrote:
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.


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 p150 and 200


I never said anything about there being a Z :lol:


These post that I copied and pasted could have been others interpretation of MO's teaching. I'm a little lost now that MO says he never said anything about a Z.


X : A stalling of the trend, non-momentum.
(X): Activity, a more active non-momentum.
Y : Momentum Candle.
(Y) : Shakeout, Y reversal, Momentum Candle.
Z : End of something, analysis starts on next candle.

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tmanbone
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Postby tmanbone » Sat May 01, 2010 9:14 pm

Thanks for the clarification MO, it's nice to have this legend to refer to when interpreting your x,y,x,y teaching. Cheers,
"The simplicity of the markets is it's greatest disguise"



T

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prochargedmopar
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Postby prochargedmopar » Sat May 01, 2010 9:18 pm

tmanbone wrote:
prochargedmopar wrote:
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.


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


Thankyou for the reminder, after a month or so the formula seems much more clear. Like cloudy water now instead of MUD.

Nice and clear pic M.O.
Thx

Filed in folder
#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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prochargedmopar
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Postby prochargedmopar » Sat May 01, 2010 9:25 pm

MightyOne wrote:
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?






Image


Great.
The market does not have to make only xyxy...... ect. It can also make XX and YY or any combination it deems fit for the total global environment.
Its amazing what can be seen when your not looking at the P/L box.
#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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TygerKrane
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Postby TygerKrane » Sun May 02, 2010 9:22 pm

FXfreak wrote: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 :lol:

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


FXfreak,
definitely: the control of emotions is my personal key to success!

&

definitely: and now everybody has to adapt it to their own preferences (which might be the hardest thing).


The best part being when things start coming together to increase your account, and you realize that It Was All There Right From The Beginning.

additionally, I am adding this link to my thread:
MightyOne: " It is not about just lines or just bodies or just wicks...."

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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dragon33
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Postby dragon33 » Mon May 03, 2010 8:45 am

Image

Screenshot of two 22" screens
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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scratty
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Postby scratty » Mon May 03, 2010 9:24 am

nice screen! careful the acct. nr. in the task list :-)
Lose professionally!

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