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MightyOne
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Postby MightyOne » Wed Sep 30, 2009 3:24 pm

flossnhoss wrote:My second, and final answer :wink:

Like I say though, I don't know what would tell you this is turning? Just the lower close?

Thanks!



Image


That picture is correct :D

The how question can only be answered in live chat...
I don't feel like responding to 600 posts as was the case with something so basic as zero lines.

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prochargedmopar
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Postby prochargedmopar » Wed Sep 30, 2009 3:24 pm

Dude,

I called that LIVE in a skype chat room as a fake breakout looking at an M1/m5 chart.
Yeah, I was looking at a M30/h4 chart also.
I even went through the whole speal of how and why it was happening from a supply/demand point of view.
And how they use it to make big profits.

The guy says you sure can talk a good game!!!


BUT.
You know what?
It'don't mean s**t.

Why,
Because you have to take the trade.
You have to hold the trade.
AND, you have to exit the trade with profit.

Sorry, but I"m not in a very good mood today.

I just don't see how something so SIMPLE can be so damn HARD.
#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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MightyOne
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Postby MightyOne » Wed Sep 30, 2009 3:48 pm

prochargedmopar wrote:Dude,

I called that LIVE in a skype chat room as a fake breakout looking at an M1/m5 chart.
Yeah, I was looking at a M30/h4 chart also.
BUT.
You know what?
It'don't mean s**t.

Why,
Because you have to take the trade.
You have to hold the trade.
AND, you have to exit the trade with profit.

Sorry, but I"m not in a very good mood.


Are not you a bowl or cherries :lol:

There was an 18 minute window where you could have shorted with a draw down of 8 pips and a maximum possible draw down of 15 pips (again closing within 8 pips).

The price action was by no trader's definition violent or as scary as it looks on the 30 minute chart.

So the question is why didn't you take the trade? (rhetorical)

Had I had time to teach, mark charts, send files, and trade 2 accounts at the same time I would have, but that is beyond my level of dexterity.

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pablo101
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Postby pablo101 » Wed Sep 30, 2009 4:13 pm

MightyOne wrote:
Had I had time to teach, mark charts, send files, and trade 2 accounts at the same time I would have, but that is beyond my level of dexterity.


Utter kak! you're the mightyone and can move mountains j/k :lol:

aliassmith
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Postby aliassmith » Wed Sep 30, 2009 4:13 pm

MightyOne wrote:
prochargedmopar wrote:Dude,

I called that LIVE in a skype chat room as a fake breakout looking at an M1/m5 chart.
Yeah, I was looking at a M30/h4 chart also.
BUT.
You know what?
It'don't mean s**t.

Why,
Because you have to take the trade.
You have to hold the trade.
AND, you have to exit the trade with profit.

Sorry, but I"m not in a very good mood.


Are not you a bowl or cherries :lol:

There was an 18 minute window where you could have shorted with a draw down of 8 pips and a maximum possible draw down of 15 pips (again closing within 8 pips).

The price action was by no trader's definition violent or as scary as it looks on the 30 minute chart.

So the question is why didn't you take the trade? (rhetorical)

Had I had time to teach, mark charts, send files, and trade 2 accounts at the same time I would have, but that is beyond my level of dexterity.


Yum! I like cherries :)

Hey Mightyone... Couldn't you set up a manager type account and trade 2 accounts at the same time? Don't know if MBT has that but I have seen other that do. That way you could trade one large and also the micro account at the same time.

Then you will have plenty of time to " teach, mark charts, send files" :D

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pablo101
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Postby pablo101 » Wed Sep 30, 2009 4:15 pm

MightyOne wrote:
flossnhoss wrote:My second, and final answer :wink:

Like I say though, I don't know what would tell you this is turning? Just the lower close?

Thanks!



Image


That picture is correct :D

The how question can only be answered in live chat...
I don't feel like responding to 600 posts as was the case with something so basic as zero lines.


Is this an offer of a live chat?? :shock:

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MightyOne
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Postby MightyOne » Wed Sep 30, 2009 4:56 pm

aliassmith wrote:
MightyOne wrote:
prochargedmopar wrote:Dude,

I called that LIVE in a skype chat room as a fake breakout looking at an M1/m5 chart.
Yeah, I was looking at a M30/h4 chart also.
BUT.
You know what?
It'don't mean s**t.

Why,
Because you have to take the trade.
You have to hold the trade.
AND, you have to exit the trade with profit.

Sorry, but I"m not in a very good mood.


Are not you a bowl or cherries :lol:

There was an 18 minute window where you could have shorted with a draw down of 8 pips and a maximum possible draw down of 15 pips (again closing within 8 pips).

The price action was by no trader's definition violent or as scary as it looks on the 30 minute chart.

So the question is why didn't you take the trade? (rhetorical)

Had I had time to teach, mark charts, send files, and trade 2 accounts at the same time I would have, but that is beyond my level of dexterity.


Yum! I like cherries :)

Hey Mightyone... Couldn't you set up a manager type account and trade 2 accounts at the same time? Don't know if MBT has that but I have seen other that do. That way you could trade one large and also the micro account at the same time.

Then you will have plenty of time to " teach, mark charts, send files" :D


If I am going to set up anything new It is going to be a Nadex account for binary options (what we should all be using, but for one reason or the other do not :lol:)

If you think about it it makes perfect sense:

What do we get paid for?

Correct analysis.

What stands in the way of of getting paid?

spikes, stop running, market timing, and on rare occasion being wrong ;)

What if you could analyze and place a trade that does not require margin (can buy more), has known risk, cannot be stopped out, and can be liquidated at any time prior to expiry which can be as far out as a week from today?

Maybe its not clear...all that money you are wasting by making your stop loss larger can be used to increase your position size on a trade that has ALL WEEK to be correct.
Maybe its not clear...8, 10, & 15 to 1 returns could be expected, not part of a daydream.

There is the problem of there being a floor making your maximum profit 80 or so pips, but how many of you grab 100 pip moves?
And if you reach the floor you can just roll your position into an option with a lower floor.

A lot of times it is not about your analysis, but what you use to get the job done.

That said :lol: an outright position does have advantages that cannot be ignored, some of which are:

1. Tight spreads
2. Low commissions
3. Extremely high liquidity
4. Automatic rollover
5. Possibility of positive interest ;)
6. Trades can be held forever

You have to decide which is right for you.

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MightyOne
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Postby MightyOne » Wed Sep 30, 2009 5:09 pm

pablo101 wrote:
MightyOne wrote:
flossnhoss wrote:My second, and final answer :wink:

Like I say though, I don't know what would tell you this is turning? Just the lower close?

Thanks!



Image


That picture is correct :D

The how question can only be answered in live chat...
I don't feel like responding to 600 posts as was the case with something so basic as zero lines.


Is this an offer of a live chat?? :shock:


Once or twice a week I do sit down and give an hour of my time to ONE person in the GT list.
It is mainly for friends and friends of friends and possibly traders with 1,000+ posts on kreslik (gotta narrow the field some how).

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kc8flq
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Postby kc8flq » Wed Sep 30, 2009 8:56 pm

MightyOne wrote: Once or twice a week I do sit down and give an hour of my time to ONE person in the GT list.
It is mainly for friends and friends of friends and possibly traders with 1,000+ posts on kreslik (gotta narrow the field some how).


Damn! that leaves me out. I'll never get 1,000. Don't think I ever got to a 1,000 on any forums....
Give a man a fish.... feed him for a day...
Teach a man to fish.... feed him for a LIFETIME!!!

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bacoazul
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Postby bacoazul » Wed Sep 30, 2009 9:01 pm

Hello, im new (posting on kreslik) and i read ur material, im going to read again (the MZ and the ZL), cuz i don't really understand, but well, im just interested in this project of yours, so ur gonna post ur trades here starting when?
another question, ur just gonna take the trades when price break low?
and ur sl is 20 or 8?
thanks for the time u spend trying to teach how to read the market and how to be profitable.
These are my principles. If you don't like them, I have others.

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