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es/pip
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Postby es/pip » Thu Mar 05, 2009 5:10 pm

the ej is a long setup not short

1/4 position at 123.25 long

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aikitrader
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alotofpips chart

Postby aikitrader » Thu Mar 05, 2009 5:38 pm




Here is a screen shot of alotofpips chart...for those wondering about his set up and indicators.

Its TRO linear regression channel with Real Macd in on bottom of screen. I have attached a copy of Real Macd.
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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 05, 2009 6:42 pm

"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"

I think the image is getting clearer...

thanks!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby aikitrader » Thu Mar 05, 2009 7:17 pm

In case some were wondering, here is a template for alotofpips chart.


Aiki
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MightyOne
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Postby MightyOne » Thu Mar 05, 2009 7:31 pm

es/pip wrote:
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


Image

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Postby es/pip » Thu Mar 05, 2009 8:03 pm

MightyOne wrote:
es/pip wrote:
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


Image



lol maybe they are a little bit subjective

MO, would you say my zlines are incorrect?

obviously the trade worked-----but it seems by your chart you saw something different than i did

:(

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Postby xmess7 » Thu Mar 05, 2009 8:30 pm

thank you sir :)

es/pip wrote:the ej is a long setup not short

1/4 position at 123.25 long

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Postby TheRumpledOne » Thu Mar 05, 2009 10:37 pm

Image

One of the traders in the TWO PERCENT CLUB chat room is using linear regression (LR). LR is one of my old favorites from back in the RSI(2) < 1 days when I was trading stocks.

I modified the TRO_LINEARREGRESSION indicator to self adjust based on the number of bars on the chart. I also added std dev and std dev % to the gauge.

Next, I created a multimeter to show the std dev % - how many std dev the price is away from the norm. The multimeter is self adjusting, too!

These will be donational indicators.
Last edited by TheRumpledOne on Thu Mar 05, 2009 10:45 pm, edited 1 time in total.
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Postby prochargedmopar » Thu Mar 05, 2009 10:40 pm

Thanks for all the detailed info.
I have seen clearly what is happening for a while now. It's just I have been getting in on the 2nd candle of the 1,2 formation and it's wick is the one that has always gotten me as you guys state. The Illusion would either reverse directions or It's wick would tag me out.
I see now why M.O. sometimes has to start throwing out orders as it is possible to get left behind when trying to enter if no/small wick is formed on the 2nd to 3rd candle.
This will take patience and practice.
Simple yet effective because it happens continuously over and over.
Last night and today were very easy pickens.
The Shi-channela and LRC has helped tremendously. So have the DOTS.
Procharged.
#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 » Thu Mar 05, 2009 10:42 pm

Awesome TRO,
Be looking forward to that one.
Excellent work.

I hate to say it but reading the mp6140 thread is what got the importance of LRC to sink in. My dad's lovin it too.
#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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