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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 19, 2009 3:42 am

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

Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 19, 2009 3:47 am

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



Please do NOT PM me with trading or coding questions, post them in a thread.

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es/pip
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Postby es/pip » Thu Mar 19, 2009 4:40 am

prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image

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cfabian
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Postby cfabian » Thu Mar 19, 2009 5:01 am

es/pip wrote:
prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image


es/pip

What is the criteria to "do not take all the zones"? I can see the 2nd blue would be a loss, but how to know you shouldn't take that one?

I can see on your charts that you do not enter on the ZL, you wait a bit and get in leaving some pips on the table... is this how you "make sure" the candle goes to your direction, by waiting it starts to pull your way?

If that is the case, you enter with limit or stop orders?

Thanks

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Postby stationmichal » Thu Mar 19, 2009 5:25 am

MightyOne,

"Die trying to make it happen MO".
Master Teacher, please be carefull, you may be banned by giving the secrets of Z lines, SOC regression, and now "V" indicator. (':smt026')
(':smt026') (':smt026')
Think about it, TRO was banned in other forums because he ONLY gave free indicators; you on the other hand, give away YOUR SECRETS of trading. (':)')

TRO is a genius in coding. Once he graps the ideas (NOT YET), he will be able to code them into donational indicators.(':smt038')
Last edited by stationmichal on Thu Mar 19, 2009 5:47 am, edited 2 times in total.

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MightyOne
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Postby MightyOne » Thu Mar 19, 2009 5:27 am

cfabian wrote:
es/pip wrote:
prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image


es/pip

What is the criteria to "do not take all the zones"? I can see the 2nd blue would be a loss, but how to know you shouldn't take that one?

I can see on your charts that you do not enter on the ZL, you wait a bit and get in leaving some pips on the table... is this how you "make sure" the candle goes to your direction, by waiting it starts to pull your way?

If that is the case, you enter with limit or stop orders?

Thanks


For starters momentum increased short and there was a wick in the direction of loss (buy side).
On top of that there is a 3rd candle going into the zone and, if you read my prev. posts on ZL, you know that multiple candles heading toward a ZL is not a ZL trade but a possible trade away from support or resistance.

Trading long from support would be dumb after that 3rd short candle since momentum increased short on that candle both in the number of bodies it consumed and the magnitude of the candle body in relation to the prev. candle body.

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es/pip
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Postby es/pip » Thu Mar 19, 2009 5:41 am

pro,

i wasn't planning on trading----just answering your q.

but when i was marking my chart i was like looky looky

i owe ya a beer :D

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MightyOne
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Postby MightyOne » Thu Mar 19, 2009 5:43 am

stationmichal wrote:MightyOne,

"Die trying to make it happen MO".
Master Teacher, please be carefull, you may be banned by giving the secrets of Z lines, speed of channel, and now "V" indicator. (':smt026')

Think about it, TRO was banned in other forums because he ONLY gave free indicators; you on the other hand, give away YOUR SECRETS of trading. (':)')


They can ban me I don't care :roll:

I suppose I could set up a site and charge every one thousands of dollars to learn what I am teaching, but it would not be worth my time.

The only thing I want is for people to say that they are now trading for a living and that I helped get them there.

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es/pip
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Postby es/pip » Thu Mar 19, 2009 5:48 am

MightyOne wrote:
cfabian wrote:
es/pip wrote:
prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image


es/pip

What is the criteria to "do not take all the zones"? I can see the 2nd blue would be a loss, but how to know you shouldn't take that one?

I can see on your charts that you do not enter on the ZL, you wait a bit and get in leaving some pips on the table... is this how you "make sure" the candle goes to your direction, by waiting it starts to pull your way?

If that is the case, you enter with limit or stop orders?

Thanks


For starters momentum increased short and there was a wick in the direction of loss (buy side).
On top of that there is a 3rd candle going into the zone and, if you read my prev. posts on ZL, you know that multiple candles heading toward a ZL is not a ZL trade but a possible trade away from support or resistance.

Trading long from support would be dumb after that 3rd short candle since momentum increased short on that candle both in the number of bodies it consumed and the magnitude of the candle body in relation to the prev. candle body.


everything he said :D

as far as my orders

it is different every time--

some times i limit
sometimes i market
most times i get in 1/4 or 1/3 and then when it starts going i get in the rest

sometimes i bid for some if i really like the setup

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MightyOne
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Postby MightyOne » Thu Mar 19, 2009 5:52 am

es/pip wrote:pro,

i wasn't planning on trading----just answering your q.

but when i was marking my chart i was like looky looky

i owe ya a beer :D

Image


Might want to focus on momentum outside of congestion first :wink:

Image

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