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

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Jalarupa
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Postby Jalarupa » Thu May 20, 2010 5:20 am

forexxx you use the Fibonacci indicator on MT4 and edit the properties...

Under fibo levels you remove all but the 0 50 100

And BANG you got your MOMO triggers ;-)
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Postby Brookmyre » Thu May 20, 2010 5:24 am

Bredin, NICE work!

Forexxx, Its simply the fib tool. If you place a random fib on your chart and right click on it you can then go to the fibo levels tab and delete anything that isn't 0% 50% or 100%. The default button will reset the original levels anythime you want them back.
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Postby Brookmyre » Thu May 20, 2010 5:25 am

Lol, we must have posted at exactly the same time Jalarupa.....
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Postby Brookmyre » Thu May 20, 2010 5:29 am

Bredin, thats a really early looking entry....what made you so confident?
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Jalarupa
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Postby Jalarupa » Thu May 20, 2010 5:32 am

Brookmyre wrote:Lol, we must have posted at exactly the same time Jalarupa.....


hehehehe ;-)

I managed to figure it out yesterday after seeing Dragon's momo lines on his charts... I got line envy and had to have them :oops:

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bredin
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Postby bredin » Thu May 20, 2010 5:34 am

daily high, really tight stop :)
its just a red rat entry.

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Postby forexxx » Thu May 20, 2010 5:36 am

Sweet! Thanks guys. They're really gonna help!!

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Postby bredin » Thu May 20, 2010 5:36 am

jal, I know what you mean those lines gave me instant trading wood :o

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dragon33
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Postby dragon33 » Thu May 20, 2010 6:23 am

cfabian wrote:Agreed,
I'm currently watching EU, waiting to see how it reacts at the shadowed area in order to take a short, targeting the lower yellow line. Let's see... but have to go to sleep !!!!!!!!!!

Dragon, what is your insight?

Image



tmanbone wrote:Here's the way I interpreted Dragon33's recent lesson. Mark up your H4 momo per Manta's instruction see chart below. Highlight upper and lower ranges.

Image

Progress through the lower time frames to get your picture.

Image

Image

Attack the trade from the M5 time frame using rat reversal trades out of the MZ, looking for hammers, ideally for your rat setup, in a long trade example. Note target 1 @ upper/lower magenta range for 60 pips, wait on retrace, rat reversal and target 2 @ higher/highest magenta range for 120 pips = nice trading day. I gather this is a repetitive pattern to be monopolized on.

Image

Second trade long should have been taken at the high of the hammer, my magenta entry line is a tad low. Feel free to critique all will. Thanks Dragon33 for your continued efforts. I really appreciate you, I also appreciate all in the forum. Cheers


Picture looks good but i would look for a lower area because price wasn't able to reach the 50 area. The open and close price from the two candle after momo would have my attention.
If price is running up to strong then it would be the 50 area.

But is goes always like this. Hitting an area and from there it must build momo the other way. If you can't find that momo then stay out.
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cfabian
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Postby cfabian » Thu May 20, 2010 7:33 am

Image



cfabian wrote:Agreed,
I'm currently watching EU, waiting to see how it reacts at the shadowed area in order to take a short, targeting the lower yellow line. Let's see... but have to go to sleep !!!!!!!!!!

Dragon, what is your insight?

Image



tmanbone wrote:Here's the way I interpreted Dragon33's recent lesson. Mark up your H4 momo per Manta's instruction see chart below. Highlight upper and lower ranges.

Image

Progress through the lower time frames to get your picture.

Image

Image

Attack the trade from the M5 time frame using rat reversal trades out of the MZ, looking for hammers, ideally for your rat setup, in a long trade example. Note target 1 @ upper/lower magenta range for 60 pips, wait on retrace, rat reversal and target 2 @ higher/highest magenta range for 120 pips = nice trading day. I gather this is a repetitive pattern to be monopolized on.

Image

Second trade long should have been taken at the high of the hammer, my magenta entry line is a tad low. Feel free to critique all will. Thanks Dragon33 for your continued efforts. I really appreciate you, I also appreciate all in the forum. Cheers
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