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

just a simple sell at doji's Low....
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prochargedmopar
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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

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es/pip
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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

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

Image

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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.
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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?

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

Some trades for the last 2 days

--zz

Image

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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
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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...


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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

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