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xmess7
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Postby xmess7 » Sat Feb 28, 2009 7:13 am

Hi all. Just got in from a travel.. Last Tuesday I posted the following quote

xmess7 wrote:Folks:
Based on what I SEE the EURUSD may be in for a short week. ....


Well well... indeed EURUSD ended short for the week..
I'll do a couple of more in the following weeks. Lets see how many I can nail...

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MightyOne
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Postby MightyOne » Sat Feb 28, 2009 7:14 am

TheRumpledOne wrote:"If the candle that closed is the truth and the current candle is the deception then the current candle must always be moving toward the truth." - MightyOne


TOWARD or WITH?

"Sometimes words have two meanings..."


...then the current candle must, over its duration, become truth?

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Postby MightyOne » Sat Feb 28, 2009 7:32 am

TheRumpledOne wrote:Hey MightyOne, check THIS
out.


Image

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prochargedmopar
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Postby prochargedmopar » Sat Feb 28, 2009 7:32 am

Winny, thanks.
But that is a little to much action for even me. Bright lites.

es, only made +13.5 yesterday. :cry:
es, input excepted, though I can see clearly(er) 8) Action required.
es, I've printed out hurndreds of pages and will sort and re-read again.

M.O. It seems that your advice about getting in the latter part of a candles' development is going to be HUGE both in pips drawdown and psychological strengthening. Should help by having better odds of a closed body in the direction of profit and reduced risk of taking the maximum average pip value on the chin.

Ive been getting in at the beginning of each candle after my "signal" candle and then being wicked out. I will have to say that if the candle is oversize in length I'll have to pass. Every time I see one that takes a long run I jump into the trade emotionally thinking I'm going to miss out and then boom, It will retrace big time.

Gonna crank up the simulator sat. night and then be ready to pull the trigger monday. According to my rules, of course........ 8-[

Thankyou guys for the help.
Much, Much appreciated.
#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 » Sat Feb 28, 2009 7:59 am

prochargedmopar wrote:Winny, thanks.
But that is a little to much action for even me. Bright lites.

es, only made +13.5 yesterday. :cry:
es, input excepted, though I can see clearly(er) 8) Action required.
es, I've printed out hurndreds of pages and will sort and re-read again.

M.O. It seems that your advice about getting in the latter part of a candles' development is going to be HUGE both in pips drawdown and psychological strengthening. Should help by having better odds of a closed body in the direction of profit and reduced risk of taking the maximum average pip value on the chin.

Ive been getting in at the beginning of each candle after my "signal" candle and then being wicked out. I will have to say that if the candle is oversize in length I'll have to pass. Every time I see one that takes a long run I jump into the trade emotionally thinking I'm going to miss out and then boom, It will retrace big time.

Gonna crank up the simulator sat. night and then be ready to pull the trigger monday. According to my rules, of course........ 8-[

Thankyou guys for the help.
Much, Much appreciated.


You know that I was not being literal when I was talking about waiting for a candle to almost close right?

All I was saying is that the more time that passes the less the risk of a high powered move against you and the more easy it is for you to exit at BE because if price is going to make a further momentous move then it will most likely be in the same direction it was traveling all this time.

Personally I have been waiting for at least 1/3 of candles to complete before making any decisions.

If I am looking to short and price is above the open at 1/3 then I see if price is below price at 1/3 when the candle is 1/2 completed.

On high momentum you can even profit when a candle is 80% (5/6ths or 83%) complete.

Counter trades are most profitable up to 1/3 completed candles (in my experience).

Of course there is no indi that marks a dot at the price where a candle was x% complete so you have to use a stop watch or magnified price and a chart clock.

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Postby MightyOne » Sat Feb 28, 2009 8:08 am

blubbb wrote:I just wrote a ZeroLines indicator. I'm not sure whether they're painted correctly. Please try.


NO
:(

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Postby MightyOne » Sat Feb 28, 2009 8:16 am

prochargedmopar wrote:Fear of taking a trade means that you know what the out come will be; you couldn't possibly know for certain.
And afraid of being wrong.
Tell me:

You are trading a 15 minute chart and the average 15 minute range is 20 pips.

If a new candle opens and you enter into a position then what is your approximate risk without a stop

18 pips

and what is the chance that you can get out at BE if you are wrong.
Minimal

It is your plan to exit on the same candle you entered on if you are not in significant profit, according to past momentum moves, by the time the candle closes:

New one on me.
If a new 15m candle opens and you enter into a position 3 minutes before the close of that same candle then what is your approximate risk without a stop?
About 4-5 pips

Do your chances of getting out at break even improve over entering at the beginning of the candle and why?
Yes, The next candle may go both ways and when you see its reversal you could exit B/E. I never looked at entering this way before.

With limit orders you reduce your risk by having price move to you.
Since price can only move so far so fast, on average, your risk is reduced.
With market orders you reduce your risk not through price movement, but through time. In time price moves using up the range like burning oil there by reducing your risk.

Ok, wait for development to take place.

If the candle that closed is the truth and the current candle is the deception then the current candle must always be moving toward the truth.
Knowing that you will eventually get the truth out of the candle you can observe the deception in fractional check points and then better decide weather it is truth or lie that price is moving with the momentum as shown by truth.

One third dots?
PS: It would help you if your chart was not lit up like a Christmas tree.
This is my way of seeing multiple time frames, I/E M60, M30, and M5 all on the same chart.



.3635 is a Z-line, no more buyers/only sellers available?

000000 was a shooting star reversal signal.
111111 a bear candle
222222 doji (long wicked high wave)
vvvvvv bear candle, sell on 4th arrow M15 for M30 risk =1/3 of M90 risk.
checks = bear candle, body in direction of profit. Yeah, were makin pips now. ect.......


A hint?
So,

Sell/buy toward the end (time wise) of the candle forming the z-line for less risk of a Neg. close?

Sell/buy the opening of the next Illusory candle for a full 20pip risk?

Sell/buy near the close of the next Illusory candle to get closer to verification? 3 min left = about 4 pips risk. But now I have reduced profit potential.

I thought you (MightyOne) rode the wick in the direction of loss back toward the Z-line for additional profit and less drawdown?

Or is that a 102 advanced move?
Am I on the right track or do I need MO 100?

Winny, I can't find the TOPTREND indicator in my list of hundreds of indy's. I even checked the motherload zip posted on this site. Probably a good thing though as I don't want to add to my Schwarzenegger "Christmas" tree chart. LOL

Thanks,
Pro


I don't just trade one way PRO; I flash through the charts real quick and then form a strategy in my head within 2 minutes and trade it.

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Postby blubbb » Sat Feb 28, 2009 2:00 pm

Oops. Still had some problems regarding ZLs. But I digged deep in this thread and found the post where it was explained. I hope it is right this time. Otherwise, everyone is invited to fix it. :D
I even added descriptions to the lines telling the line's age.
Attachments
ZLines.mq4
(2.39 KiB) Downloaded 147 times

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prochargedmopar
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Postby prochargedmopar » Sat Feb 28, 2009 3:04 pm

I'm definitely not a z-line expert but that looks like it is drawing just a few support and resistance lines.
It is missing many of the strong/tradable z-lines that I see.

Well, if I had a trigger finger. lol
#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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prochargedmopar
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Postby prochargedmopar » Sat Feb 28, 2009 3:11 pm

From an e-book (Igrok)
Conclusion of: Psychological Challenges of Speculative Trading

The easiest way of solving psychological problems is to abandon attempts
to trade on the basis of personal notion and forecast.
Only the system
trade, while making decisions automatically according to the preset plan,
provides this opportunity. Turning to the system trade helps to solve the
problem by decreasing psychological pressure on the trader and avoiding
a lot of mistakes associated with psychological stress. The system trade itself
not only helps traders to make operational decisions to increase profit;
it also provides great psychological comfort necessary for the trader.


Hmmmmm, TRO is making this hard on me.
If I see a green H1 candle and it hits a number divisible by 25, GO LONG on the first one it touches.
If I see a red H1 candle and it hits a number divisible by 25, GO SHORT on the first one it touches.
Man, it sounds so simple.
Last edited by prochargedmopar on Sat Feb 28, 2009 3:18 pm, edited 1 time in total.
#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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