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pierre23
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Postby pierre23 » Mon Apr 27, 2009 3:10 am

I think; +37.4

Short at 28.01 closed at 27.69

Extra +5.4 from the second position

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Humble
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Postby Humble » Mon Apr 27, 2009 7:03 am

MO "There is only 1 highest high and 1 lowest low so the question is:
Is this highest high or lowest low the one that is going to pay me off big time?
Lets find out..."

Well the main move of the year is down.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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razorboy
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Postby razorboy » Mon Apr 27, 2009 9:56 am

plus baby plus the "-" was meant to be a hyphen, not a minus


TheRumpledOne wrote:Is that MINUS 37.4 or + 37.4 on the trade?

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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 27, 2009 11:35 am

Well, razorboy, this is a TRADING FORUM. If you put a "-" in front of a number, many will read it as a MINUS SIGN. Use ":" instead.

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

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MightyOne
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Postby MightyOne » Mon Apr 27, 2009 5:43 pm

razorboy wrote:plus baby plus the "-" was meant to be a hyphen, not a minus


TheRumpledOne wrote:Is that MINUS 37.4 or + 37.4 on the trade?


Let us look how he started his post:

"First chart - 30 minute - big MOMO bar comes into a 13 period low - red line represents a 50% retrace - set up for a MZ trade - there was also potential for this set up on the 15 minute chart but again in never panned out (second chart)"

You can then assume that he would include the word "lost" or the dash right next to the number ( -27 instead of - 27) if he were talking of negative pips.

I know the text was probably confusing, but understanding how people think is our job as a trader :lol:

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MightyOne
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Postby MightyOne » Mon Apr 27, 2009 6:34 pm

Humble wrote:MO "There is only 1 highest high and 1 lowest low so the question is:
Is this highest high or lowest low the one that is going to pay me off big time?
Lets find out..."

Well the main move of the year is down.


Is there any thing that you would like to add to that :lol:

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razorboy
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Planning a trade.........

Postby razorboy » Mon Apr 27, 2009 6:39 pm

So the 126.20ish support line got busted by a momo

Thinking of more short trades based on these chart

Wait for price to hit 126.20 ish - then go short with a 20 pip SL - looking for next zero line in the 122 region - will build a trade with 3 to 4 individual positions

Image

Image
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Image

Let see how it goes............

Humble
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Postby Humble » Mon Apr 27, 2009 11:20 pm

MightyOne wrote: Is there any thing that you would like to add to that :lol:


It's just my way of thinking. If a lower low was formed after a higher high then the move is down (regardless of fluctuations) until such time as a new higher high is formed. Then the main move would be up until a new lower low is formed.

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 28, 2009 9:30 pm

You can download a whole bunch of indicators for FREE right here on www.krelslik.com. Not to mention there are other sites like www.mql4.com that has a bunch of free indicators.

You do NOT have to send me a donation.

But if you do make a donation to my PayPal, then I will send you the 2009 donational indicators for the rest of the year.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 28, 2009 10:02 pm

Check THIS out.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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