Never Lose Again

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razorboy
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Postby razorboy » Fri May 22, 2009 7:19 pm

in the members area - honestly, I'm not sure they are worth the time - the ones that I have watched involved picking off trades you "should have taken" from a historical chart.........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

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razorboy
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Postby razorboy » Fri May 22, 2009 8:41 pm

Question about this chart -

you have two examples - one is a correction, one is not a correction.

is the one that is labelled "not a correction" not returning from where it started - in other words price turned down. I think this is what you are getting at, but just want to make sure you are not talking about the angles





MightyOne wrote:
Charting 101:


Image
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat May 23, 2009 6:15 am

I really couldn't justify paying $100 per month for the information contained on that site so I unsubscribed.

Of course that was ~2 years ago...



razorboy wrote:in the members area - honestly, I'm not sure they are worth the time - the ones that I have watched involved picking off trades you "should have taken" from a historical chart.........

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razorboy
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Postby razorboy » Sat May 23, 2009 11:39 am

ya, the "play a pin bar and use a 100 pip SL off of a daily chart" really wasnt the sort of advice I what I was looking for. will continue going through it though


MightyOne wrote:I really couldn't justify paying $100 per month for the information contained on that site so I unsubscribed.

Of course that was ~2 years ago...



razorboy wrote:in the members area - honestly, I'm not sure they are worth the time - the ones that I have watched involved picking off trades you "should have taken" from a historical chart.........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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inzider
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Postby inzider » Mon May 25, 2009 12:51 am

Hi guys, dropping in a while for some worth reading, i was going trough the post again.

MO, would you say that those dynamic line are somekind of abcd pattern?!?

Let says we make a momentum bar = 0-100%, then we got a correction around 50/60% for the next one, then next one should be an expansion of an other 0-100% from correction level...

Until like you said, we got a price failure area, were the 0-100% ain't able to be done, at most the bc move, witch is the correction move taking over the trend one for a reversal.

Here a pics, i tough it would resume a little of the idea on with some other words. Only difference i think is that you work whit box that represent you 0-110% move. Tell me please how you feal about that.

Take care!

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WB: "Risk comes from not knowing what you're doing."

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MightyOne
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Postby MightyOne » Mon May 25, 2009 2:31 am

Hopefully this answers your question:

Image

inzider wrote:Hi guys, dropping in a while for some worth reading, i was going trough the post again.

MO, would you say that those dynamic line are somekind of abcd pattern?!?

Let says we make a momentum bar = 0-100%, then we got a correction around 50/60% for the next one, then next one should be an expansion of an other 0-100% from correction level...

Until like you said, we got a price failure area, were the 0-100% ain't able to be done, at most the bc move, witch is the correction move taking over the trend one for a reversal.

Here a pics, i tough it would resume a little of the idea on with some other words. Only difference i think is that you work whit box that represent you 0-110% move. Tell me please how you feal about that.

Take care!

Image

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MightyOne
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Postby MightyOne » Mon May 25, 2009 11:09 am

I....I have yet to sleep :(

When Razorboy wakes up he is going to cry :lol:

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razorboy
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Postby razorboy » Mon May 25, 2009 3:04 pm

no tears.....made 50 for the last 24 hours. missing a move does hurt though
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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TheRumpledOne
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Postby TheRumpledOne » Mon May 25, 2009 7:46 pm

Image

3Clipz explained the concept of BODY IN DIRECTION OF PROFIT and WICK IN DIRECTION OF LOSS to me.

I think I finally SEE IT.

What was tripping me up was I was associating the candle color with this concept. Candle color has NOTHING to do with this is how 3Clipz explained it.

If wick on bottom then SHORT is the direction of loss.

If wick on top then LONG is direction of loss.
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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razorboy
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Postby razorboy » Mon May 25, 2009 7:50 pm

and wicks = resistence.................
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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