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es/pip
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Postby es/pip » Tue Mar 24, 2009 10:45 pm

prochargedmopar wrote:Ok dudes,
I'm gonna work on trading this technique.
Is this a 5m z-line trade or does the wick reach to far up into the Bearish engulfing pattern candle???
Thanks
Image



looks like it--- if your are basing that off what i think you are

draw in the mighty zone off the candle you are trading off of

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Postby es/pip » Tue Mar 24, 2009 10:53 pm

Pro,

I just got out of a e/j long trade off the 30 min chart

post a 30 min e/j chart showing the mighty zone

and i will post mine

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prochargedmopar
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Postby prochargedmopar » Tue Mar 24, 2009 11:36 pm

:) :D :shock: :twisted:

Here's the smileys and I surely don't want to offend either of you..
Your hesitance is what I was referring too.

Believe me, you will not be bothered by having a paltalk box up. You can just listen in and may even get a few tips to add to your toolbox. TRO has got some good stuff going on.

There are a couple learning them in the room but not much talk about it. Being alerted to their presence is basically all I was asking just so I could see some successful trades develop.
Most of yours seem to be spot on and I'm sick of getting scalps for 2-5 pips most of the time. Doesn't seem like it's worth the risk.

See you when you get there.
Procharged.

I'll post it in a sec.....let me make it.
#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 » Tue Mar 24, 2009 11:43 pm

Ok, not much of an artist but this is a M15 Mighty zone.
It never got wicked and just took off from what I can see.
procharged
Hold up, that's not it, let me try again........

Image
#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 » Tue Mar 24, 2009 11:53 pm

deleted....double post/no pic
Last edited by prochargedmopar on Tue Mar 24, 2009 11:56 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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pierre23
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Postby pierre23 » Tue Mar 24, 2009 11:54 pm

Body in direction of profit - wick in direction of loss. Is this more accurate MO/espip?

Image

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prochargedmopar
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Postby prochargedmopar » Tue Mar 24, 2009 11:54 pm

Ok,
My thoughts.
The first and biggest box would be a mighty zone as it comes after a downtrend.
The second box actually got wicked but the candle closed red.
The 3rd and smallest box/zone never got wicked and things took off.

If you had the balls, then you could have taken the first and largest box and told yourself, OK, the bear candle of the 3rd bar of the pattern wicked the zone but did not close into it. Then we had two green bars and a red small high wave candle. Still getting bodies in the direction of profit even though a couple were red. Looks like this trade would have required at least a 15pip stop. After that it's all money.

Or you could have waited till the .95 line and took my original but it wasn't after a downtrend reversal.....trend was already up. Does this matter?????
thanks.
Pro
Image
#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 prochargedmopar » Wed Mar 25, 2009 12:03 am

Ok, How bout this......I'd consider this a perfect ZL setup for pimpin. LOL
Image
#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

pierre23
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Postby pierre23 » Wed Mar 25, 2009 12:07 am

Ok I'm giving it another crack myself. MO or Es/pip can you please check this and see if I had it on par. I determined the original target line as soon as I placed the trade (1-2-3 step setups are usually very powerful.. as you can see it worked once again). Now this is what I saw, but never exited at that point. I got out with -0.9 because I was silly with the trade. BUT do I have the right idea?

Also how do you determine your tp - is it candle setups or support/resistance or a closing of a candle in the opposite direction?

Green box = Zone
Blue line = ZL
Short at price tag.

Disregard the arrows, its just the Super Signal indicator

Image

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dragon33
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Postby dragon33 » Wed Mar 25, 2009 12:14 am

prochargedmopar wrote:Dragon33,
Those 3 trades looked extremely risky using that chart only. Were those trades taken from a higher or lower time frame. The engulfing patterns were not nearly big enough to be considered "double size". Will you please elaborate? All seem to be taken on the opposite color H1 candle.


es/pip,
Your trades look textbook.
Excellent setups, Do you ever trade in the 2% club? It would be neat to have you in there to point a couple out to the others and I. Be helpful to watch live as they develop.
Thanks guys.
Procharged.


Image

Same picture other tmf. Do you see it? Only trade what you see not what you think.

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