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MightyOne
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Postby MightyOne » Tue Dec 16, 2008 3:36 am

razorboy wrote:the zero line is the "break out line" - actually the zero line would be a few pips higher on a long - the spread/commission.

Am I assuming you would be playing these breakouts on a lower time frame?

MightyOne wrote:
cfabian wrote:Mighty... by ZL (zero line) you refer to price xxx.00? or what exactly it is?
Cheers


A zero line is where a trader would have given back all of his profit after entry.
This happens on every time frame and is best used when a traders has accumulated a few bars closing above his entry and is sitting with a fat profit.

The red arrows are where I see traders entering and sitting with a profit.

Do this and you will start to gain a better feel for how price is moving.


lol, how do you know they didn't deduct their cost from the high of the breakout?
Or better yet setup their trade so that as price reaches the high their costs are covered and they have a small profit?
All I am saying is lets not get overly technical because we don't have the details.

If you are trading the hourly then look for them on the hourly.
If you are trading the 15 minute then look for them on the 15 minute.

It helps to check the 4 hour & day charts so that you know where you are in the grand picture.

I am not saying trade the breakouts!

I am asking you to remember that the fattest profits a trader can make is what he holds in his own hands.

Get your self in the green and then shift your thinking to trading against your self...be your own enemy...it doesn't hurt as bad if you are kicking at your shadow.

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razorboy
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Postby razorboy » Tue Dec 16, 2008 4:24 am

I was just being a pain inthe ass

Check out TRO's dynamic fib lines if you havent already - those are cool
MightyOne wrote:
razorboy wrote:the zero line is the "break out line" - actually the zero line would be a few pips higher on a long - the spread/commission.

Am I assuming you would be playing these breakouts on a lower time frame?

MightyOne wrote:
cfabian wrote:Mighty... by ZL (zero line) you refer to price xxx.00? or what exactly it is?
Cheers


A zero line is where a trader would have given back all of his profit after entry.
This happens on every time frame and is best used when a traders has accumulated a few bars closing above his entry and is sitting with a fat profit.

The red arrows are where I see traders entering and sitting with a profit.

Do this and you will start to gain a better feel for how price is moving.


lol, how do you know they didn't deduct their cost from the high of the breakout?
Or better yet setup their trade so that as price reaches the high their costs are covered and they have a small profit?
All I am saying is lets not get overly technical because we don't have the details.

If you are trading the hourly then look for them on the hourly.
If you are trading the 15 minute then look for them on the 15 minute.

It helps to check the 4 hour & day charts so that you know where you are in the grand picture.

I am not saying trade the breakouts!

I am asking you to remember that the fattest profits a trader can make is what he holds in his own hands.

Get your self in the green and then shift your thinking to trading against your self...be your own enemy...it doesn't hurt as bad if you are kicking at your shadow.

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Postby MightyOne » Tue Dec 16, 2008 4:57 am

razorboy wrote:I was just being a pain inthe ass

Check out TRO's dynamic fib lines if you havent already - those are cool


Pushes new highs and then look to trade a reversal on
red H1 candle color?

What are some of the methods you use to trade this?


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Postby TheRumpledOne » Tue Dec 16, 2008 5:16 am

Image

Did anyone take advantage of fading the gaps on Sunday/Monday?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby razorboy » Tue Dec 16, 2008 5:21 am

both actually - i have found the pushes to be more reliable trades than the bounces

The green and red lines represent 11% retracements

you have to adjust the iperiods and you can capture the higher time period support and resistance on the lower timeframes - helps with the exits more than anything else i find. I can see short term price stalls better
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Postby razorboy » Tue Dec 16, 2008 5:29 am

some times i just use the break out and downs - go long when a new red dot forms, lower than the previous line of red dots - the reverse for shorting - go short when new blue dot forms

What you may observe is that the older trend "pushes" the new trend - look for higher highs and lower lows

MightyOne wrote:
razorboy wrote:I was just being a pain inthe ass

Check out TRO's dynamic fib lines if you havent already - those are cool


Pushes new highs and then look to trade a reversal on
red H1 candle color?

What are some of the methods you use to trade this?


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MightyOne
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Buzzardish

Postby MightyOne » Tue Dec 16, 2008 6:08 am

"TRO's THIRD EYE" indicator?

I am sure you can see this with your own eyes!


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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 16, 2008 6:17 am

"THIRD EYE" INDICATOR... that's way too funny!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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TRO is right!

Postby MightyOne » Tue Dec 16, 2008 7:48 am

Time sales and a naked chart has my vote so far.

I wonder if there are any other indicators in the files based on this type of data.

Now some one tell me in which direction was the fastest way to take down the money?

A: trying to trade long.
B: Trying to trade to the ZL.


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MightyOne
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Postby MightyOne » Tue Dec 16, 2008 8:02 am

Can you hear the cries of "why can't I make money in Forex?"

Children of the stop loss...
what beautiful music they make! -Dracula trading Forex :shock:


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