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es/pip
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Postby es/pip » Wed Jan 21, 2009 11:47 pm

mighty one here are some charts if you can find the time to comment i would really appreciate it.


the 5 min chart is a zoom in of the hr chart that has the two z lines on it and it again shows the two z lines on the 5 min






they are a little small----- can someone tell me how to post bigger charts-

i saved pic as -----in metatrader and then uploaded it--- but it came out smaller than i thought it would


thanks
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mighty one 1.gif
mighty one 1.gif (24.58 KiB) Viewed 3890 times
mighty one 2.gif
mighty one 2.gif (26.84 KiB) Viewed 3889 times
mighty one 3.gif
mighty one 3.gif (31.86 KiB) Viewed 3889 times
mighty one 4.gif
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pierre23
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Postby pierre23 » Thu Jan 22, 2009 12:12 am

Use tinypic to upload the image. Then you past the link within the IMG tags when you post.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 22, 2009 1:04 am

Some indicators use real time data that is only available in real time!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby pierre23 » Thu Jan 22, 2009 1:14 am

What do you think of it tro?

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 22, 2009 2:00 am

If you are asking me about volume, it does NOT matter on forex.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Thu Jan 22, 2009 2:02 am

es/pip wrote:
MightyOne wrote:Image


mighty one,

(DELETED TEXT HERE)

from what i read and think i understand you want to see the wicks into it and then bodies going your way, but it confuses me because if you are waiting for the wicks to form then you are not going to get your price of the zero line

(DELETED TEXT HERE)

thanks

j


I often get the question of do I enter at the ZL and if not then what.

The answer is complicated because the price action I look for is never in the exact same conditions as a prev. trade.

I will say that price need only have wicked a ZL in the past and the rest is asking for a better price based on momentum until bodies start falling in the opposite direction (direction of loss).

A trade might not even be based on the 5m, but the 15, 30, or greater traded via the 5m as a greater time frame candle comes off its ZL in real time.

If you have trading software where you can create custom time frames then set it up for intervals of 10m all the way to 3 hours.
(10, 20, 30, 40, 50, 60, 70, 80,...)

A quick flash through the charts and you will have a good idea of what you should do next.

I am planning on scanning some hand drawn charts with notes attached to explain every thing in detail some time in the future.

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MightyOne
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Postby MightyOne » Thu Jan 22, 2009 2:21 am

Candle color people! Remember candle color!


(In response to es / pip's picture of a short trade)

Image

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Postby MightyOne » Thu Jan 22, 2009 2:30 am


Longer term picture of a price area where shorting was ok


Image

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MightyOne
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Postby MightyOne » Thu Jan 22, 2009 3:09 am

prochargedmopar wrote:Mighty One,

I truly appreciate the information that you are giving us all.
I also appreciate your honesty.
I will take what you have said as a challenge and motivation to think (plan) and grow rich.

The opinions of others are after all.......
Profit or Loss?
Today, with a little help from the folks at the 2% club I'm +18 pips.

I re-read your posts starting from Dec. 12th last night and used some of that info this morning. I even called what I thought was a ZL breakout before it happened. Today's whiteboard posts I don't quite fully grasp.

Would it be helpful for a newbie to use TRO's DynFibs SR (IF) the dots were drawn from the BODIES open and close of the candles instead of the WICKS?
Might name it the MO DynZLs SR indicator?
Procharged


I assume you are talking about the Sweet Spot Plot that I use as a framework for directional strategy.
It is almost like Renko because price must close above a certain level in order for a bar to be drawn.
The difference is that there are 2 different sized bars that alternate in small, big, small fashion.
The smaller bar is given a dot at its size multiplied by 1.5 and the larger bar is 2x the size of the smaller bar.
The alternation forces the chart to show you trend and possible reversals like the signal I posted today that lead to a 173 pips up swing.

You really don't need indicators of any kind.

Go to the monthly chart and ask your self how you would realistically trade that chart.
Once you have done that drop down to the weekly and ask your self how it is possible to trade that chart.
Drop down to the daily and ask your self what you would do.

Are all trades equal?

Are there trades placed during certain periods of time that have an additional positional value?

Are trades placed on Monday any different from trades placed on Wednesday, Thursday, or Friday?

What about trades during the first week of the month?

Does any of this information alter your short term strategy?

Drop down to the 4H and see where the bodies are falling.

Drop down to the 1H and check the candle color.

Drop down to the 30m and check the bodies and wicks.

Drop down to the 15m and see if any thing stands out.

Now here you are on the 5m after observing the galaxies and hopefully you have come up with a way to build a rocket ship :wink:

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MightyOne
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Postby MightyOne » Thu Jan 22, 2009 4:02 am

Can you figure out how it is plotted yet?

Image

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