Never Lose Again
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- prochargedmopar
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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:
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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:
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
- prochargedmopar
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es/pip wrote:
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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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 202es/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
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?
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
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