Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon May 25, 2009 8:10 pm

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


Here you go:

http://articles.mql4.com/376

http://articles.mql4.com/444
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon May 25, 2009 8:44 pm

resistance=rejection of price = CLOSED body only in direction of profit. It's our focus on the Illusion that drains my wallet.

knowing something and being able to SEE something is much different than being able to act upon it.

The reason psychology plays such a huge roll in the making of a consistently profitable trader.

Perfect example below:
I SAW that we had a big momo M15 candle(4). I knew that the forming wick(3) was in the direction of loss and the previous body was in the direction of profit(4).
That candle closed in the direction of profit(3). I did not enter at the sitdown price of the previous candle. The LAST candle(2) opened and formed a wick in the direction of loss, as expected.
Again, I did not enter at the "sit down" price or when it got back to the pivot, 1/3 dot, or even the previous close(sit down price). All these were signals to enter long.
(1) also closed in the direction of profit with a wick in the direction of loss. These signals and taking a trade with multiple entries would make an entire trading day. 40ish pips easy if acted upon. 1hr. trading and it happens all the time.

Why did I not enter??
FEAR OF LOSS. What else could it be? Now we have 3 candles and a buzzard possibility. To late to enter in my book. Loss would ensue for sure unless you've set a 50 pip stop.

BTW, the very last arrow that is on the green wick is on the wrong end. Look at the momo bar to the left. Price may have backed up but may still go short. ILLUSION at the moment. I see that it is actually going long currently but this does not normally happen with such a big previous momo bar. From what I've seen anyway.

Joy's of trading!!!!
Anything can happen.
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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon May 25, 2009 8:56 pm

Ok.
Now with higher highs and higher lows being made.....Who here is going short?
Must be someone trading a higher/lower time frame than me.
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
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Mon May 25, 2009 10:48 pm

TheRumpledOne wrote: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.


Actually Tro, my understanding was we were looking for body in direction of profit and wick in direction of loss when we are looking for the zero line to be 'wicked' (zl can be found anywhere from 0-50% of a momo candle).

I wasnt aware it was used on its own and thought we were primarily looking for momentum first?

User avatar
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

Postby razorboy » Mon May 25, 2009 10:53 pm

oh my.................


TheRumpledOne wrote:
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


Here you go:

http://articles.mql4.com/376

http://articles.mql4.com/444
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Tue May 26, 2009 12:27 am

53.2 pips so far out of this hrs. shenanigan.
5 trades.
I see wicks in the direction of loss and bodies in the direction of profit. AND, I was actually able to act on it. Now if I can get brave enough to hold/add/hold/add, ect.
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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue May 26, 2009 4:34 am

pierre23 wrote:
TheRumpledOne wrote: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.


Actually Tro, my understanding was we were looking for body in direction of profit and wick in direction of loss when we are looking for the zero line to be 'wicked' (zl can be found anywhere from 0-50% of a momo candle).

I wasnt aware it was used on its own and thought we were primarily looking for momentum first?


DON'T CONFUSE ME...LOL!!!
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.

pierre23
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Tue May 26, 2009 4:47 am

sorry LOL

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue May 26, 2009 5:43 am

hawkeye fatman is selling a system for $750 that you can get for free on the net: http://articles.mql4.com/484 and http://articles.mql4.com/422
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.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5964
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 392
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Tue May 26, 2009 10:40 pm

This template is for an M15 chart only.
Remember the 1's, 2's, and 3's will be H1 semafors.
I also added 4's and 5's which coincide with H4 and D1 sema 3's respectively.
Background calndles are 30min. May want to change to 60's.
Attachments
!!!! $probasic10s$.tpl
M15
(127.22 KiB) Downloaded 155 times
#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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”