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monolisa
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Postby monolisa » Wed Jun 17, 2009 11:50 am

Great work, Manta. Thanks for sharing.

I hope I understand what your trade's about. I am still on page 200 of this thread, after reading it from the beginning again.

Looking forward to more charts and MO's comments.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 17, 2009 2:27 pm

Image

I am adding S/R lines to the 3 Level ZZ Semafor.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Postby MightyOne » Wed Jun 17, 2009 3:20 pm

Any line that runs through the "Mighty Zone" is a correctly drawn zero line.
There is almost always a better price to be had :lol:

The line on the bottom is a support trade not a zero line trade.

Image

monolisa wrote:Hi,

I have been reading about zero line in the early part of this thread, and would like to ask for your opinion regarding the follow trade (see chart below).

Lower horizontal line (magenta) = H1/M5 zl
Upper horizontal line (orange) = M5 zl

My trading was to short at a level close to the upper horizontal line (notice the wicked down bar) toward the lower one.

My questons are:
1. Am I drawing the zl correctly?
2. Is it possible to get a better price (eg. in the shaded oval area) other than the one near the upper horizontal line? If so what are the signs one should look for?



Thanks in advance.

Lis

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MightyOne
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Postby MightyOne » Wed Jun 17, 2009 3:43 pm

You could put your daily loss limit out there as a catastrophic stop loss.

Reduce the size of the stop as you exit for less than a profit.

Bring it back to full size as you make profit.

If you reach your loss limit then quit for the day.

In the picture you see why it is important to leave your stop at its point of origin and exit to reduce risk.

You would have been so bummed had you used a trailing stop!

Manta wrote:Today London, 5M GBPUSD... (other three pairs more or less similar)

MO, thanks. I think, I am slowly really starting to understand what you are trying to teach this community. It seems really powerful. Sell high, buy low...

OK, I have to play a bit more with money management and SL. I think my SL is still too wide, but not sure whether I have nerves for tighter SL.

Any comments?

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3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4?

Postby Snowflame » Wed Jun 17, 2009 5:06 pm

Just received the 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4 indicator from TRO today. I have not ued this indicator before. Is there a post that expalins how this indicator is used?

Thanks....

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 17, 2009 5:38 pm

Image

I am really liking this!

You ask, how to use?

When you see a semafor appear, that usually indicates price breaking out and will continue in that direction for a while. Then, price will reverse.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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razorboy
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another day - more VSA

Postby razorboy » Wed Jun 17, 2009 6:30 pm

Numbers in the chart refer to the points below

Image

For some reason, some of the numbers "moved" when I made the pic

#1 on the volume chart - look up and you see 3 no demand bars - there is your first short

#2 on the price chart - 2 no supply bars in a row - tightened range - less volume - long

#3 and 4 same thing - long - had i played 4, I would have been wicked out

#5 climax - wide volume upbars followed by two tight ranged down/dojis

#6 no supply bars

#7 - had a possible short and long here - I waited for the short after the final no demand bar

#8 - two test bars - long - a safe 50 pips plus - I bailed on this too early

Additionally you had a good stopping volume trade at the open of Tokyo

I would love to tell you that I played all of these appropriately, but I still put 10% on my account today (probably due to money management rather than great chart reading)- this is more of a homework exercise at pointing out the obvious..........to myself and anyone else who wants to ridicule me
Last edited by razorboy on Wed Jun 17, 2009 6:45 pm, edited 1 time in total.
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 » Wed Jun 17, 2009 6:42 pm

nerves for a tight stop loss? Anything more than like 20 to 25 pips is too big for me. I have found that I am either bang on right with my positions or they go about 10 pips in my favor and tank........... and go exactly the opposite direction.......almost in a straight line :)

So what I have found works for me and my price dyslexia is to put on 4 units at once, scale out of 2 units by 10 pips of profit - move my SL to BE on the rest and then scale out as i see fit - I know very anti MO method, but it seems to be working for me

It is making me money as long as I dont over trade..........


Manta wrote:Today London, 5M GBPUSD... (other three pairs more or less similar)

MO, thanks. I think, I am slowly really starting to understand what you are trying to teach this community. It seems really powerful. Sell high, buy low...

OK, I have to play a bit more with money management and SL. I think my SL is still too wide, but not sure whether I have nerves for tighter SL.

Any comments?
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 » Wed Jun 17, 2009 6:43 pm

Image

This is almost too simple.

To reverse, wait for stopping volume and semafor then when you see price reverse enter.

To enter breakout wait until you see a breakout on the multimeter.

The PriceAT multimeter tells you when price is AT the HIGH or AT the LOW, so you can get the best entry.


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



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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 17, 2009 6:45 pm

Image

This is almost too simple.

To reverse, wait for stopping volume and semafor then when you see price reverse enter.

To enter breakout wait until you see a breakout on the multimeter.

The PriceAT multimeter tells you when price is AT the HIGH or AT the LOW, so you can get the best entry.


DRAIN THE BANKS!
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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