Mr. D's Humble Quest in the Wick Land

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LeMercenaire
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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Fri Nov 16, 2018 10:08 am

Mr. D wrote:
LeMercenaire wrote:
Mr. D wrote:Lem,

Do you still trade the flip? If so, can you elaborate? Trying it on SP500, works pretty consistently. If you don't, what do you trade instead?


It is designed specifically around that bar on the S&P, no others.

It still works - the only reason I stopped using it was that it is such a weird time in the UK and I kept forgetting that it was coming, lol.


Is it the 5 PM GMT bar?


Depends what time of year it is, Daylight Savings, and all that guff.

I'll go find my info on it over the weekend for you.

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Fri Nov 16, 2018 10:28 am

LeMercenaire wrote:
Mr. D wrote:
LeMercenaire wrote:
It is designed specifically around that bar on the S&P, no others.

It still works - the only reason I stopped using it was that it is such a weird time in the UK and I kept forgetting that it was coming, lol.


Is it the 5 PM GMT bar?


Depends what time of year it is, Daylight Savings, and all that guff.

I'll go find my info on it over the weekend for you.


That would be great. 5PM GMT works for me now.

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Fri Nov 16, 2018 11:09 am

One of the best summaries for HOLO and 1-2-3! By none else but our own LeMercenaire.

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Fri Nov 16, 2018 11:21 am

Speaking about Momos and z-lines, where would you put a z-line on the chart? #1, #2 or somewhere else?
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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Fri Nov 16, 2018 3:11 pm

[quote="Mr. D"]Speaking about Momos and z-lines, where would you put a z-line on the chart? #1, #2 or somewhere else?[/quote]
I'd have used a 50% retrace line on the big candle. Not a classic Z-Line (as I understand it) there.

An argument could be made that the least high point would give a level of interest for you. The area between the two lines (that level and the 50%) would give a killing zone for me.

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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Fri Nov 16, 2018 3:22 pm

This is my understanding of a classic Z-Line (which just so happens to also be a 50% retrace level.

I am talking about the longer, major, 50%.

GBPNZD m30-Z-LineEG-16thNov18-crop.png
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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Fri Nov 16, 2018 6:09 pm

To carry that above chart forward. Price didn't quite get all the way to the minor 50% level, however you could have taken the secondary level and come out with a still healthy bag (it is the minor level in the secondary fib as well).

GBPNZD m30 Chart

GBPNZD-justkpetontruckin16thNov18crop.png
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Re: Mr. D's Humble Quest in the Wick Land

Postby aliassmith » Fri Nov 16, 2018 6:29 pm

Mr. D wrote:Speaking about Momos and z-lines, where would you put a z-line on the chart? #1, #2 or somewhere else?


To me a zline would be at #1
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mira » Fri Nov 16, 2018 7:14 pm

aliassmith wrote:
Mr. D wrote:Speaking about Momos and z-lines, where would you put a z-line on the chart? #1, #2 or somewhere else?


To me a zline would be at #1


I’d trade #1 too.

However Mr. D, for how I see it, any line that matters between 0% and 50% (the ‘Mighty Zone’) could be a zline.

Another example:

67027A7B-CE14-4998-ACCC-94342AE96869.jpeg
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mira » Fri Nov 16, 2018 7:21 pm

And line 2

Price didn’t made a lower low, so I’d try a long too.
What do you think, guys?

02A06B53-A563-4EBB-A2D9-5DB479395E4A.jpeg
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