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MightyOne
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Re: YEAH

Postby MightyOne » Wed Apr 01, 2009 5:25 am

jahjahblessed wrote:I'M GONNA TRY THIS
Image


Nice try, but your perception of true market speed is a bit off...ok a lot off :wink

No matter how violent the chart looks price is actually much much...much much much slower than it appears:

Image

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prochargedmopar
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Postby prochargedmopar » Wed Apr 01, 2009 5:53 am

MightyOne wrote:
razorboy wrote:Momo bar - bar with shaven head and bottom (tiny wicks)?

MightyOne wrote:My father always said,"son if you want to learn a thing or two then you have to know a little less."

Image


I never said that the connected bars were momo :lol:

I did say however that you either trade short beyond the momentum bar or wait for it to retrace to the MZ before trading short on a smaller TF.

Image


So now we have a "no trade zone" added to the mix.
You are saying we trade long above this zone if the momo bar was long. Right?
Also, for it to be a true ZL trade it must wick the "Mighty Zone"?
Then, and only then would we get to ride through the no trade zone?

What I'm seeing a lot of times is that the momo bar closes and price never comes back into either the NTZ or the MZ area's, Just keeps on going.
What to do?
I've got to get profitable soon because I'm starting to erk the Grand Master of the House.
You guys make this look so easy and I can see these trades big time. I even see the mistakes that are posted and would never have taken those trades personally. Execution during oscillation is the kicker for me. Maybe I need to concentrate on the closed bar more. Maybe I the target?
Thanks
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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Postby MightyOne » Wed Apr 01, 2009 5:57 am

Dots are where I saw DFSR

I didn't wait for the 5 pips...dont shoot me :shock:

(that red x does include my 1% risk this time around)

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MightyOne
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Postby MightyOne » Wed Apr 01, 2009 6:10 am

I am having day dreams of this ZL...let it be oh please let it be Shock_Smile

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Postby MightyOne » Wed Apr 01, 2009 6:20 am

prochargedmopar wrote:
MightyOne wrote:
razorboy wrote:Momo bar - bar with shaven head and bottom (tiny wicks)?

MightyOne wrote:My father always said,"son if you want to learn a thing or two then you have to know a little less."

Image


I never said that the connected bars were momo :lol:

I did say however that you either trade short beyond the momentum bar or wait for it to retrace to the MZ before trading short on a smaller TF.

Image


So now we have a "no trade zone" added to the mix.
You are saying we trade long above this zone if the momo bar was long. Right?
Also, for it to be a true ZL trade it must wick the "Mighty Zone"?
Then, and only then would we get to ride through the no trade zone?

What I'm seeing a lot of times is that the momo bar closes and price never comes back into either the NTZ or the MZ area's, Just keeps on going.
What to do?
I've got to get profitable soon because I'm starting to erk the Grand Master of the House.
You guys make this look so easy and I can see these trades big time. I even see the mistakes that are posted and would never have taken those trades personally. Execution during oscillation is the kicker for me. Maybe I need to concentrate on the closed bar more. Maybe I the target?
Thanks
procharged.


The no trade zone was always there...

The "rules" state that you trade ABOVE THE MOMENTUM BAR (if green) or you wait for price to reach the zone before trading long.

As long as momentum increased and price is above the prev. momentum bar you can trade long as if the close of the momo were your sit down price.

I hope this clears up any confusion.

That said, I trade what I see and you trade what you see and every one else trades what they see.

All I know is that without TRO I would be seeing less than 10% per week Cry_Smile

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Postby MightyOne » Wed Apr 01, 2009 6:27 am

Every thing in me was telling me to exit on the momo bar and I just sat there looking stupid as price retraced to rob me of my extra 2.5%.

Some times even I do stupid #$%@.

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Postby prochargedmopar » Wed Apr 01, 2009 7:28 am

Yes Sir,
I was thinking we were to ride the wick OUT from the MightyZone when it crossed the Z-line. That means I would be taking trades directly in the "no trade zone" on an opposite colored candle.
Hmmmmmmm. Less risk/More push.
Keeps the stop MUCH smaller to boot.
Interesting.
So what is it that helped you so much by being with TRO?
What type of info has boosted you from 10% to the moon?
Thanks
#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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MightyOne
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Postby MightyOne » Wed Apr 01, 2009 7:44 am

prochargedmopar wrote:Yes Sir,
I was thinking we were to ride the wick OUT from the MightyZone when it crossed the Z-line. That means I would be taking trades directly in the "no trade zone" on an opposite colored candle.
Hmmmmmmm. Less risk/More push.
Keeps the stop MUCH smaller to boot.
Interesting.
So what is it that helped you so much by being with TRO?
What type of info has boosted you from 10% to the moon?
Thanks


The switch from long term to short/long term.

I knew nothing of day trading being a 100% long term
trader so every thing of TRO's has been a big help.

The indicator that draws lines from past opens to the current price sparked some ideas.

Dynamic fibs played a huge part in accumulating pips for the longer term move.

Statistics and various other indicators gave birth to a few ideas

and the questions asked by complete "noobs" is always fertilizer for the growth of the experienced.

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TheRumpledOne
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Postby TheRumpledOne » Wed Apr 01, 2009 11:14 am

Image

SHORT 01

COVER 81

DRAINING THE BANKS... NO FOOLING!!
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 » Wed Apr 01, 2009 12:23 pm

Image

LONG 64

OUT 74

THE DRAINING CONTINUES...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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