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newschool
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Postby newschool » Tue Apr 20, 2010 1:49 am

Hmm the most solid trend is usually at 45 degrees, in my experience (and others).

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cwn6161
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Postby cwn6161 » Tue Apr 20, 2010 1:55 am

I thought I saw MO mention that 30 was where equilibrium happens... but I could be totally wrong about that. Would you agree though about the higher angles and the chance for reversals?

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newschool
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Postby newschool » Tue Apr 20, 2010 2:00 am

Yeah when I say the most solid trend, I mean the trend that will last the longest. So a too slow or too sharp trend can be broken faster.

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Postby franck » Tue Apr 20, 2010 3:13 am

Some ideas to help the thinking processes but can be used in many general ways.

1) Assumption : that price trends evolve SYMMETRICALLY (eg. correction = trend), and we know that each trend almost always has different momentum/angle.

if i put it at 45* (since squaring a triangle at 45* gives the symmetry) ie one unit of time equals to one unit of price, then it can be used as a benchmark to other trends in relation to this angle. This may enable one to pinpoint important points (like a place to look for wick) into the future despite difference in the trend angles.

2) ONE of the things i find helpful is "FOLLOW through" after x event/signals. By following through, there is an expectation to be met. if it didn't happen = surprise = decision time. After awhile, who knows it CAN/MAY become an intuition (=improve precision?) even before it happens as it unfolds.

Follow through examples :

a) Last week and yest. GU D1 chart - gives a few surprises ;) from the opens and new high/momo, vs its closes at the end, plus yesterday's open and closes. There was an expectation but without a follow through for ppl who are watching the respective chart. What are they feeling? Well it is still unfolding.

b) if a volume makes an unusual spike at X place in a timeframe, what is the follow through like? Fear of missing a trade? but almost every time frame has a wick to go in as long as the strong flows remains.

Be reactive.

Well, these concepts are extracted from MO's NLA threads, at least the way i perceived it. No stress.
Last edited by franck on Tue Apr 20, 2010 4:41 am, edited 3 times in total.
* anyOne can be prOfitable tradING ANY line. see it?

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MightyOne
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Postby MightyOne » Tue Apr 20, 2010 3:14 am

noone22 wrote:
Humble wrote:I've been thinking about this (assuming you mean reversal of trade direction, rather than a point of entry) since the posts on hedging. I could not see from the chart as to when MO liquidated and when he hedged. My view was that he hedged from the chart (t/f) he was trading and got the liquidation signal from a higher t/f chart.

Sometime ago MO posted a chart on how he marks the top of a range. As no questions followed the subject died. However he has started marking these lines on charts posted in answer to other questions.

MO also answered this question by expanding the x, y bar concept to x,y,z. I'm wondering if this is still his current thinking - MO?

MO also answered the question by referring to a memo bars body that is not in the MO Zone. This being the opposite have of the body, referred to as a wait and see zone. He also said a zl through this wait and see zone was a possible reversal zl.

He gives another hint by telling us when to exit a trade. I mean why exit unless there is a chance the direction is going to reverse.


This seems to be a useless task - to compile whole big picture
from small jigsaw pieces, especially, if you have
2 or more sets of different sets mixed together,
and moreover - if some parts are missing.


That is exactly what discretionary traders have to do.

If you do not want to be a discretionary trader then why are you reading these posts?

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MightyOne
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Postby MightyOne » Tue Apr 20, 2010 4:11 am

newschool wrote:Hmm the most solid trend is usually at 45 degrees, in my experience (and others).


Draw a 45* angle and then change the scale. You will find that price is no longer using that angle.

Which angle is price using?

1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-18-19-20-21-22-23-24-25-26-27-28-29-30-31-32-33-34-35-36-37-38-39-40-41-42-43-44-45-46-47-48-49-50-51-52-53-54-55-56-57-58-59-60-61-62-63-64-65-66-67-68-69-70-71-72-73-74-75-76-77-78-79-80-81-82-83-84-85-86-87-88-89*

It is easier to use the 9 angles of DOP:

25-30-35-40-45-50-55-60-65

It is also easier to predict future movements with 9 angles than 89 angles.

If price is moving on an angle greater than 45* then it is using ladder climbing angles.

If price is moving on an angle less than 45* then it is using equilibrium angles.

After you find the angle that price is using and the scale changes then these angles WILL CHANGE.
This does not matter as TREND LINES in MT4 change with the scale to reflect the new angles that price is using (which are the old angles).

A pair will run on the same angles for quite some time making moves highly predictable.


Some of you believe that I am giving you a system to trade (HA!) I would never do such a thing.

I show you things that cause you to think and by thinking you will grow.

I then guide your thoughts away from the things that chain you to mediocrity and show you what to look for and how to think for yourself.

Hundreds and even thousands of pips per month is not only possible but it is effortless.
10 and even 50 to 1 returns on your account per year are equally effortless with LESS THAN 10 to 1 LEVERAGE.

You just have to unlock your mind and realize your potential.

If you do not know how to think for yourself then we can work on that.

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Braathen
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Postby Braathen » Tue Apr 20, 2010 9:06 am

If you do not know how to think for yourself then we can work on that. -MO

I know u would never post a mindless system :P
And that is why i never understud DoP because i
cannot see what i am to do with it..
I can see price travling at these angles.
So to the quote at top.. how can we work on thinking for ourselfs?
another question..
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

franck
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Postby franck » Tue Apr 20, 2010 10:12 am

"A pair will run on the same angles for quite some time making moves highly predictable"

isn't this interesting?
* anyOne can be prOfitable tradING ANY line. see it?

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Braathen
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Postby Braathen » Tue Apr 20, 2010 10:22 am

yes franck.. it is :) this has got to be your shortest post to date!
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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noone22
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Postby noone22 » Tue Apr 20, 2010 11:49 am

MightyOne wrote:If you do not want to be a discretionary trader then why are you reading these posts?


I haven't said this.

I would like to be a discretional trader,
or technical one, or any combo in between.

Only one thing - I would like to be profitable trader.

You cannot imagine, what I have to read
in order to achieve this!

For example, check my latest reading (not too bad by the way):
"Trade Chart Patterns Like The Pros" by Suri Duddella.
There are plenty of chart patterns there with brief instructions, how to trade them. I cannot say for sure, whether it is
discretional or pure technical approach (mix probably).
It would be great (for me) to have them all programmed in one indicator!

http://rapidshare.com/files/377551509/TCPLT.zip
Password: TCPLT.zip

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