Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Sun Mar 01, 2009 6:14 pm

prochargedmopar wrote:Interesting es/pip,

From what I SEE the green lines are ZERO lines. Either traders are out of cash or hold wads of cash fixin to be dropped into the market.
The entire body going toward YOUR z-line is showing held profit so I couldn't say things were z'd out.
Looks like a good place to get in on the 2nd candle. Either after the body/wick in direction of loss starts to retrace toward your direction of profit or just as the body starts to form in direction of profit.
If one got in at "my" z-line, which I've been trying to do with eradict success, they would have to be forecasting the future. More reward but also more risk.

Ok, so after getting in at your/mighty's z-line now you are just watching to see that the bodies maintain good size and force. Shrinking bodies, time to bail.
This it?????
Procharged.


Oops, here's the pic.
Image


From what I SEE the green lines are ZERO lines. Either traders are out of cash or hold wads of cash fixin to be dropped into the market.

i do not see the green lines as a place that a lot of traders would be holding onto a profit

Ok, so after getting in at your/mighty's z-line now you are just watching to see that the bodies maintain good size and force. Shrinking bodies, time to bail.
This it?????
Procharged.


my zlines drawn----are zlines-----i am not nec. just blindly entering at the lines---------need a 1-2 setup on smaller time frame or i would average into it

i really think that i just cannot explain this at all


:(

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Sun Mar 01, 2009 6:35 pm

MightyOne wrote:
prochargedmopar wrote:MightyOne,
So where did you buy in, 2825 or did you get in near the 2832 area?
I take it you sat through the -15 pip wick of the 3rd 15m candle in the hr.
Did you exit at 2800 or is this just an example of price action and how it works?
What did you think of the 1st M15 ?"doji"? that was basically the entire length of the 1 hr candle when the wicks were included.

I had a really bad day today.
Try -135 on real account. Worst ever.
Account has gone from 840 to 1046 to 350ish.
I should get good now that I'm below $400 being I'll be in conservation mode. LOL
NOT

Really,
thanks for all the info. Please keep posting. I'm reading this stuff non-stop and have printed out over 400 pages to carry around with me. I print the new stuff daily.

I can see some things. I can scalp 1m candles for 1-5 pips and get a lot of wins in a row. That's what I started doing on a demo the last few hrs being things slowed down. Seems easy to read direction when all that is in front of me is candles and I'm focused on movement/direction only.
On the scalping trades I was 26 out of 38 trades in profit.
This is the only way I can seem to get in a grove or make any headway.

WHAT GIVES.
Any Ideas?
Procharged


I didn't sit through any draw down what so ever...

Your biggest problem is that you are going for 1-5 pips.
Unless you have over $250,000, STP, discounted commissions, and are a professional level trader it is not likely that you will be a profitable trading for less than 5 pips.

You need to size your stops so that you don't get wicked on some random spike while at the same time doing every thing in your power to
exit at an even smaller loss.

When sitting with a profit you need to be thinking about exiting on extremes and immediately throwing out limit orders at a better price on the current candles.
While the getting is good keep getting...

I always told my trading buddies the following:

Price moves from entries to exits and back to entries;
exit on extremes, enter on stops, exit on extremes.

They repeated it back to me, but I don't think that it ever sank in :(


pro,


here is that post

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5966
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 395
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Sun Mar 01, 2009 6:41 pm

You could just say the FIRST close of a candle AFTER a reversal. Technically though, according to what your saying, any close of a candle during a trend is a z-line.

MightyOne wrote:
If you see a breakout and you can imagine yourself sitting with profit after moving your stops to BE then that is a ZL line.
NOTE: most experienced traders trade before the actual breakout of the extreme and take partial profits on BO.
Support and resistance just means that the money ran out in the direction being traded and for the size of the traders being targeted at that moment.


So, my green lines are S/R lines and your yellow lines are Z-lines.
Ok. TRO says no right or wrong.
Your profitable/ I'm not.
I say that's being wrong.
I'll try it Monday.
#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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5966
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 395
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Sun Mar 01, 2009 6:54 pm

Thankyou sir,
Price moves from entries to exits and back to entries;
exit on extremes, enter on stops, exit on extremes.


In context of a reversal and subsequent trend,
Entries= wicks in direction of loss and body in direction of profit.
Exits=retrace of second wick
entries=close of body in profit or body itself

Exit on extremes=???
Enter on stops= formation of first wick
Exit on extremes= formation/retrace of second wick

I've been banging my head over that statement.
Only greenbacks Monday will give an indication if I can SEE.

BTW, how did you find that? I've got 500+pages printed out (More actually) and couldn't find it. Also Kreslik will only let me scroll one page at a time.
#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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5879
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1332
Gender: Male

Postby MightyOne » Sun Mar 01, 2009 6:56 pm

prochargedmopar wrote:From what I SEE this will only work in a 2ish-candle trending market.
Consolidation and your dead. This is war isn't it?

I've been trying to figure out a way to ride the bodies and wick extension for a while. This is it.

Way back when Mightyone said:"*"
Dang, wish I could find what he told his friends about this......
entering on ???/exiting on extremes,.......
Mightyone, please re-post that as I can't find the printout of what you stated.

I will jump ship at every candle that starts to reverse against direction of profit. Wait on it to start wick formation or just until the body in direction of profit starts to form. It's only 1.5-2 pips to get back in and you don't have to sit through much draw down. Do this only if the bodies are still of sufficient size. Would make the long runs easier to stomach.

Granted you'll leave some on the table and have some losses but that's a lot better than missing a 100+pip run as I do regularly.

es/pip
See what the human see's?
A computer would only have to see a bodies close "after" a trend reversal. Trend would be subjective and would have to be set up with ma crossovers or something like that.
Me thinks anyway.

That's like all those candle patterns I listed above. They are crap and do not work if there is not a prior trend. In small box ranges, triangles, flags, consolidation, they show only a neutral or refreshing market sentiment.

Procharged


Price is always trending based on a time period and price is always congesting based on another.

HELD PROFIT CREATES A ZERO LINE BECAUSE A ZERO LINE IS WHERE TRADERS ARE LIKELY TO BE ZEROED OUT OF PROFIT.

If price did not go any where then how can you assume that traders entered?
If price did go some where and the body closed the same size or smaller than the previous body then how can you assume that traders held onto profit?

How can you possibly expect to reach 100 pips profit if you know nothing about position trading?
The likely out come is that you will be another trader holding onto profit and getting zeroed out.

As I said before it is the trader who makes one system greater than another.
Maybe Zero Lines are just not in line with your personality...
Last edited by MightyOne on Sun Mar 01, 2009 7:02 pm, edited 1 time in total.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Sun Mar 01, 2009 7:01 pm

prochargedmopar wrote:You could just say the FIRST close of a candle AFTER a reversal. Technically though, according to what your saying, any close of a candle during a trend is a z-line.

MightyOne wrote:
If you see a breakout and you can imagine yourself sitting with profit after moving your stops to BE then that is a ZL line.
NOTE: most experienced traders trade before the actual breakout of the extreme and take partial profits on BO.
Support and resistance just means that the money ran out in the direction being traded and for the size of the traders being targeted at that moment.


So, my green lines are S/R lines and your yellow lines are Z-lines.
Ok. TRO says no right or wrong.
Your profitable/ I'm not.
I say that's being wrong.
I'll try it Monday.



i dont think there is nec. a right or wrong

i guess it really comes down to how each person sees it

You could just say the FIRST close of a candle AFTER a reversal. Technically though, according to what your saying, any close of a candle during a trend is a z-line.

ehhhhh---------- no not so much

this may be a bad example being a daily chart bec i can see the transfer ship of buyers and sellers inside those formations


but not every bar creates a zline------ where did people get long or get short?

i really think i am starting to hurt more than helping anyone
:(

Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5879
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1332
Gender: Male

Postby MightyOne » Sun Mar 01, 2009 7:05 pm

es/pip wrote:
prochargedmopar wrote:You could just say the FIRST close of a candle AFTER a reversal. Technically though, according to what your saying, any close of a candle during a trend is a z-line.

MightyOne wrote:
If you see a breakout and you can imagine yourself sitting with profit after moving your stops to BE then that is a ZL line.
NOTE: most experienced traders trade before the actual breakout of the extreme and take partial profits on BO.
Support and resistance just means that the money ran out in the direction being traded and for the size of the traders being targeted at that moment.


So, my green lines are S/R lines and your yellow lines are Z-lines.
Ok. TRO says no right or wrong.
Your profitable/ I'm not.
I say that's being wrong.
I'll try it Monday.



i dont think there is nec. a right or wrong

i guess it really comes down to how each person sees it

You could just say the FIRST close of a candle AFTER a reversal. Technically though, according to what your saying, any close of a candle during a trend is a z-line.

ehhhhh---------- no not so much

this may be a bad example being a daily chart bec i can see the transfer ship of buyers and sellers inside those formations


but not every bar creates a zline------ where did people get long or get short?

i really think i am starting to hurt more than helping anyone
:(

Image


Keep posting pictures like that and I will disown you :roll:

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Sun Mar 01, 2009 7:24 pm

lol


yeah that was not very good--------------------just trying to explain----i just cant do it

i guess i got a little mental

and i drew that in like 30 sec cause i had to answer the door

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5879
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1332
Gender: Male

Postby MightyOne » Sun Mar 01, 2009 7:25 pm

And here we are stuck talking about 1's and 2's :(


Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5879
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1332
Gender: Male

Postby MightyOne » Sun Mar 01, 2009 7:49 pm

TheRumpledOne wrote:Image

Image

MightyOne, have you seen my TRO TREND MAP?

It plots lines from the previous closes to the current close.


MODIFICATION REQUEST:

Draw lines from previous OPENS to the close of a single candle marked by a vertical line.
Then map after the line based on the map before the line:

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”