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MightyOne
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Postby MightyOne » Thu Mar 05, 2009 6:02 am

Jan Viljoen wrote:Hi Tro

Yes I want the line to go from the high of candle 1 to the high of candle 2 and the high of candle 3

Lets say the highs of the 3 candles are represented by dots I am looking for a line to connect dot 1,2 and 3

The same for the lows. I will give you the reason, visual observation if that line going from dot 1,2 and 3 are almost straight you go long at the high of the candle 3 and stop loss is the low of candle 1.

This has not been tested it is only a visual observation

Thanks
Jan

Ps about 3 hours ago on the 5min eur/usd chart there is an example of such a trade


Correct me if I am not understanding what it is you are talking about, but can you not do that with a 1 MA of the low and high?

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MightyOne
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Postby MightyOne » Thu Mar 05, 2009 6:05 am

TheRumpledOne wrote:Image

Image

MightyOne, does that look "right"?


What is the name of that indi in the upper right?

What is C-C?

High is the number of higher highs etc?

Kewl beans TRO :)

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 05, 2009 6:31 am

What is the name of that indi in the upper right?

Those are TRO MultiMeters: Candle Color, Open, HL, range/average range.

What is C-C?

It is actually C-O(0) as in close minus the open of bar 0 (current bar).

High shows number of higher highs(green) or lower highs(red) in a row.
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Postby prochargedmopar » Thu Mar 05, 2009 9:24 am

I do not think an indicator will be able to paint z-lines according to the likes of all that use them. It seems to me there is a lot of subjectivity to where they are actually placed.

It is very easy for me to see the body in the direction of profit.
And, the wick that is in the direction of loss. Easy when both candles have been closed.
Trying to get in on the illusory candle while it is being painted is another story entirely as it may just buzzard your butt.

Some people draw the z-line at the end of wicks, and others to the open/close of a body. I'm starting to think it matters not.

es/pip might have just given me a vital clue.
Move up to M15 or M30 time frame charts to find the beginnings of a body/wick setup and then get in on the wick with a m1 or m5 chart.

Whew, I think I've got other fish to fry first.
#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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Postby TheRumpledOne » Thu Mar 05, 2009 11:53 am

"Some people draw the z-line at the end of wicks, and others to the open/close of a body. I'm starting to think it matters not. "

Perhaps MightyOne can restate the rules for zero line plotting.
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es/pip
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Postby es/pip » Thu Mar 05, 2009 2:04 pm

prochargedmopar wrote:I do not think an indicator will be able to paint z-lines according to the likes of all that use them. It seems to me there is a lot of subjectivity to where they are actually placed.

It is very easy for me to see the body in the direction of profit.
And, the wick that is in the direction of loss. Easy when both candles have been closed.
Trying to get in on the illusory candle while it is being painted is another story entirely as it may just buzzard your butt.

Some people draw the z-line at the end of wicks, and others to the open/close of a body. I'm starting to think it matters not.

es/pip might have just given me a vital clue.
Move up to M15 or M30 time frame charts to find the beginnings of a body/wick setup and then get in on the wick with a m1 or m5 chart.

Whew, I think I've got other fish to fry first.



the zlines are not subjective---they are placed at levels where other traders are holding profits-------

every zline does not automatically hold every reaction to it

i don't think i have ever offered a full position at a zline

look at MO's daily chart he posted why did he place the line there---------bec that is where the long traders were holding profits from

1 body in direction of profit--------------
2 wick in direction of loss---------------




why are my zlines where they are?-------bec that is where the traders are holding profits from----so i get in on the process of there exits and then zero out to the next area of held profit

i wanted to hold this to the 4hr target----but i got out at 1 hr

Image

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es/pip
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Postby es/pip » Thu Mar 05, 2009 2:17 pm

procharge,

there are no clues

it is what it is

traders enter into a position

a body closes in the direction of there profit===========#1

a wick comes back and gets them out at breakeven========#2

and then----most times the market continues in the direction of profit

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Postby es/pip » Thu Mar 05, 2009 2:21 pm

just entered 1/4 position going to try and build one up off the e/j today

Image

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es/pip
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Postby es/pip » Thu Mar 05, 2009 3:38 pm

Image

xmess7
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Postby xmess7 » Thu Mar 05, 2009 4:56 pm

Hi es/pip
Could you please post the entry value and direction.
For example I assume you entered short somewhere around 123.90 on the EURJPY chart you posted.

thank ya

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