Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Mon Jul 20, 2009 9:57 pm

just a simple sell at doji's Low....
Attachments
eu 14.07.09 h4.gif
eu 14.07.09 h4.gif (11 KiB) Viewed 1674 times

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: 5983
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 419
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon Jul 20, 2009 11:06 pm

Shadik wrote:
es/pip wrote:
Shadik wrote:
es/pip wrote:everyone does this a little different, but for me i would have just passed on that setup( i was watching it as well) had the next bar after the momo bar come back into the MZ i would have looked to play it, but like you showed it did not----- so i passed.

had the next bar after the momo bar been a slight down bar but not came into a zl i may have taken the break above the momo bar---- but i didnt like that bar with the way it formed that wick so far up

i am always watching the higher time frames as a reference of where we are


Thanks Es. Now I see that I thinking good and I slowly "see it"

When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?


not sure what you mean when you say this----When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?

post a chart of what you are looking at



ok, please check it out:

Image


EDIT: MightyOne answered my questions above..........


I thought that this was a support/resistance trade being your not entering on the adjoining bar?
And Support is a h*ll of a long ways away.
Well, unless you consider that previous resistance becomes support and you are betting on a much larger continuation of the breakout..........
Seems risky to me, but what do I know.
Any thoughts?
#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
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Mon Jul 20, 2009 11:59 pm

prochargedmopar wrote:
Shadik wrote:
es/pip wrote:
Shadik wrote:
es/pip wrote:everyone does this a little different, but for me i would have just passed on that setup( i was watching it as well) had the next bar after the momo bar come back into the MZ i would have looked to play it, but like you showed it did not----- so i passed.

had the next bar after the momo bar been a slight down bar but not came into a zl i may have taken the break above the momo bar---- but i didnt like that bar with the way it formed that wick so far up

i am always watching the higher time frames as a reference of where we are


Thanks Es. Now I see that I thinking good and I slowly "see it"

When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?


not sure what you mean when you say this----When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?

post a chart of what you are looking at



ok, please check it out:

Image


EDIT: MightyOne answered my questions above..........


I thought that this was a support/resistance trade being your not entering on the adjoining bar?
And Support is a h*ll of a long ways away.
Well, unless you consider that previous resistance becomes support and you are betting on a much larger continuation of the breakout..........
Seems risky to me, but what do I know.
Any thoughts?


EDIT____________ i just saw that u had an edit and q answered---

nevermind---lol


i agree somewhat with what u r saying

but

it was played on consecutive bars

if u look to the left there is a zline of held profit u have a momo bar and then the next bar zeros out the traders to the left------ i see held profit there.

is it riskier than picking it off the bottom on the momo like MO was saying--- yes. like he was saying, u run the risk of all the traders that bought the move up below your entry being zl'ed and stopping u out. But it is still a valid ZL_MZ trade

that's how i see it anyway

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Tue Jul 21, 2009 1:37 am

Image

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5983
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 419
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Tue Jul 21, 2009 1:54 am

es/pip wrote:Image


es/pip

Thx for the reply.
Makes sense.

This trade of yours here is "classic".

I see this all the time and know some day I will be able to act upon it like I visualize in my mind.
#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.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Tue Jul 21, 2009 7:04 pm

MightyOne wrote:Yes, only instead of watching a specific time frame the time and magnitude of the period is based on the event and not decided by the trader.

It is Mighty Zones 202

es/pip wrote:i look for the trade

i understand what---or what i think--- the market is saying based on my chart examples.----dont I?---lol



Is your chart representing the same concept as a mighty zone trade?

MightyOne wrote:What do you do when a candle enters the Mighty Zone?

Do you still not know what the market is trying to tell you?

es/pip wrote:
MightyOne wrote:I don't know what will happen to the market if I release all of my trading secrets.
Imagine the little guys breaking the banks like Russians rising against communism...

I am humble

No, really I am :lol:

Image

Several candles show the way

They are but three

2/3 truth and 1/3 lie


well what i see-- and it is not much---

but

visual looking at it in a spacial intellect type of way

the first two boxes-- candles-- have a certain width( time wise) which is equally to all three. the first two boxes have completed, and the 3rd box---time wise-- has not completed yet--------when you are watching the 3rd box in real time---------------------

so...............

the first two boxes that have completed are the 2/3rd's truth and the unfinished box is the 1/3 lie

not sure what that tells me or anyone else----

what does that tell you?

or is what i said even what you are trying to get across?



going back to the 3 candles MZ 202---- 2/3rds truth 1/3 lie





i have been looking this over for some time now

when you say this [quote="MightyOne"]Yes, only instead of watching a specific time frame the time and magnitude of the period is based on the event and not decided by the trader.

that quote has a direct link to this statement below (most importantly time and mag. of the period is based on the event)

"The highest high and lowest low of a single candle...which came last?
A candle could have closed green having last made a lower low and you need to know that. "

the above, is saying that is how u r basing where to look for the time and magnitude to start and end

correct? or out in left field?

can u post another chart showing what you are saying

Why are there 3 candles that show the way and not just 2?

zapzinig
rank: 50+ posts
rank: 50+ posts
Posts: 131
Joined: Fri May 19, 2006 8:57 pm
Reputation: 0
Gender: None specified

Postby zapzinig » Tue Jul 21, 2009 7:34 pm

Some trades for the last 2 days

--zz

Image

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Tue Jul 21, 2009 8:36 pm

pretty much missed the whole sell off---- caught a little in the pound

then played some bounces back up--- ended up being a pretty good day

ping pong






Image

Image

Image

Image

ely37
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Oct 20, 2008 4:01 pm
Reputation: 0
Gender: None specified

Postby ely37 » Tue Jul 21, 2009 9:13 pm

Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...


User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 2
Gender: None specified

Postby es/pip » Tue Jul 21, 2009 9:50 pm

ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions

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


Return to “TheRumpledOne”