MO's chart has a very clear zline
Es/Pip has a different zline on the next days bar.
Why is MO's chart data very different from es/pip's?
Gary
es/pip wrote:just entered 1/4 position going to try and build one up off the e/j today
Moderator: moderators
es/pip wrote:just entered 1/4 position going to try and build one up off the e/j today
MightyOne wrote:Jan Viljoen wrote:I think I am totally losing it. Maybe just what I need to start trading again.
If some of the older hands would please spare me 5 min of their time to look at what I am seeing, saying and please tell me if I have lost it.
I lost a lot of money in my attempt at becoming a trader and haven't traded since November 2008. During these last couple of months I have been reading looking and seeing a lot in an attempt to...
1) Regain my confidence
2) Look for a system that will suit my trading personality.
One of the reasons why I lost a lot of money is that due to my work circumstance I can not monitor my computer all day and then I would miss or enter to late on signals.
So I have been looking for a system that I can trade when I am in front of my PC and not have to wait for a couple of hours for a setup to form and then to miss it due to work or other obligations .
Open a 15min chart, or any time frame for that matter.
If you see a white candle place an order to go long 1 pip above its high.
The opposite for short.
The only rules is not to trade against a strong trend (Subjective) and a white candle with a long wick and a black candle with a long shadow are not valid candles.
Move stop loss to break even asap.
The idea of this is to get a quick 10pips at a time.
please let me know that I am crazy
Ps only trade in market hours
Cheers
Jan
Lesson 1: Stops are for risking money not for breaking even so do not move them. Either take a profit or take a loss, but do not be the guy that gives some one a better price to enter.
This brings us to money management:
1: If you wish to live then follow these steps:
1. Trade micro lots until you can make 1,000 pips in 200 trades.
2. Risk 1% until you double your account.
If you follow these 2 easy steps then it is nearly impossible to ever run out of money.
2: Every person is willing to spend money to make more money, but few are willing to spend time to make more time; time and money go hand in hand.
"So I have been looking for a system that I can trade when I am in front of my PC and not have to wait for a couple of hours for a setup to form and then to miss it due to work or other obligations."
3: Don't force a trade because you "need" one. If you only have an hour then wait 45 minutes for a trade and if you only have 15 minutes then...well clean the house or do some thing more productive.
deeforex wrote:MightyOne wrote:chip wrote:MO,
I've been looking back through this thread to try to understand just what your Zero Line concept is. Have you thought about distilling that concept down to a single post?
Sure...
X = body size considered to be non momentum
y = 2x
z = 3x
+ = body up
- = body down
+x, +y = candle in the direction of profit.
If +x, +y then -x, -z is needed to reverse.
If -x, -z then +x, +y to reverse.
If -x, -z, -x then +z to reverse.
+/-z always follows -/+x
Momentum pattern is as follows:
+x, +y, +x, +y, etc.
Reversing after +y is always -x, -y
Reversing after +x is always -y
you happy now?
CAUTION, CAUTION
do not read unless you are MightyOne
This might create more confusion because I am confused.
MightyOne:"[glow=red] If -x, -z then +x, +y to reverse.[/glow]"
Based upon your example, is it correct of me to translate this as
the momentum of -x & -z is 4 (1+3) ?
with that line of thinking then to reverse, the momentum of +x & +y is 3 (1+2)....which leads me to think, I'm not understanding this properly because a momentum of 3 does not zero out the -x&-z momentum of 4.
Are we to think of this momentum as the "spacial intellect" that you keep referring to? The body of bar Y is not necessarily twice the size of x but has closed the distance of 2x?
thanks for taking the time to write the above. Now I just have to decipher it. It does bring some clarity
dee
razorboy wrote:In the last week, I have started really opening up my SL's (100 pips) and using the semifor plugin - I have put 75% on my account this past week - put on about 600 pips
The key is patience........... that is all i can sayMightyOne wrote:Jan Viljoen wrote:I think I am totally losing it. Maybe just what I need to start trading again.
If some of the older hands would please spare me 5 min of their time to look at what I am seeing, saying and please tell me if I have lost it.
I lost a lot of money in my attempt at becoming a trader and haven't traded since November 2008. During these last couple of months I have been reading looking and seeing a lot in an attempt to...
1) Regain my confidence
2) Look for a system that will suit my trading personality.
One of the reasons why I lost a lot of money is that due to my work circumstance I can not monitor my computer all day and then I would miss or enter to late on signals.
So I have been looking for a system that I can trade when I am in front of my PC and not have to wait for a couple of hours for a setup to form and then to miss it due to work or other obligations .
Open a 15min chart, or any time frame for that matter.
If you see a white candle place an order to go long 1 pip above its high.
The opposite for short.
The only rules is not to trade against a strong trend (Subjective) and a white candle with a long wick and a black candle with a long shadow are not valid candles.
Move stop loss to break even asap.
The idea of this is to get a quick 10pips at a time.
please let me know that I am crazy
Ps only trade in market hours
Cheers
Jan
Lesson 1: Stops are for risking money not for breaking even so do not move them. Either take a profit or take a loss, but do not be the guy that gives some one a better price to enter.
This brings us to money management:
1: If you wish to live then follow these steps:
1. Trade micro lots until you can make 1,000 pips in 200 trades.
2. Risk 1% until you double your account.
If you follow these 2 easy steps then it is nearly impossible to ever run out of money.
2: Every person is willing to spend money to make more money, but few are willing to spend time to make more time; time and money go hand in hand.
"So I have been looking for a system that I can trade when I am in front of my PC and not have to wait for a couple of hours for a setup to form and then to miss it due to work or other obligations."
3: Don't force a trade because you "need" one. If you only have an hour then wait 45 minutes for a trade and if you only have 15 minutes then...well clean the house or do some thing more productive.
razorboy wrote:quick question
can someone point me to the ATR plugin someone (i think TRO) posted to this forum - the one that calculates the range by pip value - I have the donational bundle - not sure if it was in there - couldnt find it
zapzinig wrote:Why are these two daily charts with z lines for Eur/Jpy showing very different bar formations.
MO's chart has a very clear zline
Es/Pip has a different zline on the next days bar.
Why is MO's chart data very different from es/pip's?
Garyes/pip wrote:just entered 1/4 position going to try and build one up off the e/j today