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

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Humble
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Postby Humble » Wed May 05, 2010 12:57 am

dragon33 wrote:This is how i trade!


And your trades look so well organised! :)

Pleased to hear your knee is getting better.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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newark18
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Postby newark18 » Wed May 05, 2010 1:25 am

Humble wrote:
And your trades look so well organised! :)



:)
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adaseb
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Postby adaseb » Wed May 05, 2010 2:08 am

pablo101 wrote:
adaseb wrote:
spa wrote:
adaseb wrote:
es/pip wrote:
adaseb wrote:Image



nice


Hey I just did what I noticed you were doing in previous trades.

I would label a few important points such as extremes, support, resistance lines and then look at the price action on the M1.

What you said before is true where either one or two things will happen.

1) it will either pass the area like it doesn't exist, or

2) it would reverse.


after marking the "interest" areas/lines and dialing down to 1m and 5m .. what are you looking at? a RAT type of entry with candle colour in the desired direction or smtg else?


Just look at the M1 and when price hits that certain area, look what is happening.

If its forms a candlestick that looks like a reversal, if it has momo in the opposite direction, etc.

And ignore the area if price just zooms right by it.

For example, in the trade that I labelled by accident. Looking at the M1, there was no reason to go long there.


Yes, most times I look at M1 for entries trading off major pivot levels, 'sometimes' all it takes is a sema to make a decision.

Who are you getting you charts from adaseb please?


Alpari

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newark18
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Postby newark18 » Wed May 05, 2010 2:10 am

Why does there need to be x to be considered a good momentum pattern (i.e., xyxy)? What goes xy mean that yy doesn't? Does yy mean that the herd is just continuing the original momentum?

Is this making sense to anyone? Or did I smoke too much?
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newark18
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Postby newark18 » Wed May 05, 2010 2:12 am

Seriously, I now see the markets as a battle between pros and the herd. But since no one responded to my other post, I think I need to rethink that theory.
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newark18
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Postby newark18 » Wed May 05, 2010 2:25 am

If people ignore me for too long, I might start getting paranoid.
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cwn6161
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Postby cwn6161 » Wed May 05, 2010 2:26 am

newark18 wrote:Seriously, I now see the markets as a battle between pros and the herd. But since no one responded to my other post, I think I need to rethink that theory.


How does that fit in to the zline idea, where there are places that traders are holding a profit? Can't that profit be held by the herd AND the pros? I don't care who's money I take, if they hold on until BE, they are zlined.

I used to think of the market as a battle between buyers and sellers, but now I just look for places that people are holding a profit. It's much less stressfull IMO.

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newark18
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Postby newark18 » Wed May 05, 2010 2:39 am

It helps you keep perspective. If you know that all original momo is the result of pros, then it is easier to compare candles and sense direction (at least for me).

Those areas of profit mean nothing without momo. Momo is what moves markets. That is why it is so important to see it before you get into a trade.

That said, I am very much an amateur. I tend to think too much. So I am probably way off considering no one else has confirmed these hallucinations of mine.
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cwn6161
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Postby cwn6161 » Wed May 05, 2010 2:54 am

I'm just as new as you, but I don't know if momo is always the "pros". I'd agree more if we were talking about stocks, things where movement can be more easily controlled.

I think the herd can make momo just as easily, so to me trying to see the market as a battle between the two is confusing. Not arguing with you - just saying that with that analogy I'm confused.

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newark18
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Postby newark18 » Wed May 05, 2010 2:57 am

Here is the reason why it would help if true: It would give momo candles (original not necessarily continuing) a purpose. If it all came from the pros, then there is a purpose behind each momo and you can read the markets easier. Does that make sense to anyone? Either my talk is falling on deaf ears or my stupidity is failling on smart ears.
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