MO's MBT Micro

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Thu Apr 15, 2010 7:11 pm

MO, I am learning the importance of entry. Find areas of SR and try to enter at the wick. I have to give much credit to Pablo101 who has been extremely gracious with his time.

I've visited the 2% room but didn't see much activity. If anyone likes to chat and talking trading from 7am-11am, I would love to chat and talk about what we see (or don't see). You can contact me at inbox.chi@gmail.com..

Lastly, I hope you come back periodically MO. I only know you through the NLA thread and I've haven't had much chance to interact with you.
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 841
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 0
Real name: Pete
Gender: None specified

Postby pablo101 » Fri Apr 16, 2010 12:47 am

MightyOne wrote: I just thought that it was interesting how the TREE unfolded.

Image


"It is a chart of the OPEN & CLOSE condensed until forming a single line (FYI)
;)"

Can you point out the line you are referring to please? And E&N waves as in Elliot wave?

Thanks for your time MO.

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 0
Gender: Male

Postby Humble » Fri Apr 16, 2010 2:45 am

I'm sure MO was advising how he draws a line chart.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

franck
rank: 50+ posts
rank: 50+ posts
Posts: 57
Joined: Tue Jun 09, 2009 6:13 pm
Reputation: 0
Gender: None specified

Postby franck » Fri Apr 16, 2010 5:47 am

1) The illustration is for the feel. Not the best. I was looking for something that makes me "feel".

2) Trend is my best friend. The river is flowing strongly. There are times when it is flowing strongly for past X long term time. In a longer time frame, if the river has been going downstream for the past 10 years, what does it mean to u?

3) http://en.wikipedia.org/wiki/Decision_tree

i am sure this is NOT the TREE MO is pointing out. i was on a different tree in the past, many years ago. I put in all the 300+ variables (ie low-pass, high-pass, band-pass, band-stop or dsl filters) i could find, through R. 2 things came out the end ie a) ATR(x) b) ROC(x). Is it coincidental, range and color? I don't remember the details, and don't ask me.

3) i get excited every time there is a new picture for me. Thank you MO. For the sharing u hv put in, we can't pretend. Your words remain.

4) For the rest, patterns will never be exactly the same. in the LONG (or short) term, if 4-5-6 is going to unfold, i hv to watch it UNFOLD. If u can't see the tree, feel it with the river.

Just an ordinary man and i still have a lot of things to learn. The more one learns the more responsibility one takes, for it is within oneself the conflict between "to care or not to". There is no right or wrong. i hv only one good prediction for myself ie i will grow ill, and old and leave here one day.
* anyOne can be prOfitable tradING ANY line. see it?

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Fri Apr 16, 2010 11:34 am

When you say "2) The river is flowing strongly", that means you would enter on the MOMO candle and not on the pullback to ZL , no?

I am very pragmatic and small details like that always stick to my mind...

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

franck
rank: 50+ posts
rank: 50+ posts
Posts: 57
Joined: Tue Jun 09, 2009 6:13 pm
Reputation: 0
Gender: None specified

Postby franck » Fri Apr 16, 2010 1:23 pm

The last chapter.




For those who still can't see.

Example (see chart m5)

1) Put up a lower time frame zline - eg H1, thin line.
2) Put up a higher time frame zline - eg H4, thick line.
3) Includes the expired line that helps to see. Follow the thin line towards the thick line.

a) Upon the line is formed, look to get wick in the next bar, eg m5 rat etc.
b) Use MO m5 stop.
c) Survive 30-60 minutes, and setup target at higher line.
d) Lot sizes is very important. DO your own reading. This is the one that is going to make the difference ie win small or win big. Both are winnings.
e) Switch off the computer.

This is something what everyone is discussing.

IN SUMMARY

MO/TRO has given here the entry, the stop and the target. What more is there? The remaining role remains in the person ie self adjustment.

If one sees beyond a system and see the HOW, one can adjust a system to one's weaknesses, like my weaknesses described and my own modified Buyzone. Furthermore, there may be new creations or ideas.

"My trading edge is that I do not know what will happen next!" said MO.

Thanks. This shall be the final paragraph. i do NOT like repeating what has been said. Good luck everyone **beTTer lucky thAn gOOd** and God bless us all.
Last edited by franck on Sun Apr 18, 2010 3:24 am, edited 1 time in total.
* anyOne can be prOfitable tradING ANY line. see it?

User avatar
Braathen
rank: 500+ posts
rank: 500+ posts
Posts: 612
Joined: Mon Jul 20, 2009 6:21 pm
Reputation: 1
Location: Infront of the PC O_o
Gender: Male

Postby Braathen » Fri Apr 16, 2010 1:33 pm

Thats what he said! nice1 franck ;) .. im gonna try read through your posts this weekend but there sooo long and i hate reading on computer screens. hehe :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Fri Apr 16, 2010 2:26 pm

Franck,

Can you be more specific on the M5 stop or m5 exit?
Failure is an opportunity to learn.

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 841
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 0
Real name: Pete
Gender: None specified

Postby pablo101 » Fri Apr 16, 2010 2:34 pm

Like this I think :idea:

Image


EDIT: ok, so not the best example since GU just plunged and had a short bias but the principal is there

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Fri Apr 16, 2010 3:33 pm

Is that supposed to represent Franck's entire post or just relating to M5 stop or exit?
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”