Never Lose Again

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Humble
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Postby Humble » Thu Jul 23, 2009 4:22 am

Thanks for following through with this guys.

es/pip, thanks for "that" post and I'm +1 for leaving it in. For those of us who need a nudge at times, it's the sort of help you can not get from a chart. Actual it was a comment you made not long after you started re posting charts that helped me. Not that your posting to help me, but now you have made a few comments I can see what you see on your charts, so you may have helped others in the same way.

Now for ZZ's charts, which seem to also trade an anticipated reversal at tp points . They look similar to Dragon's charts, who had indicated he was going to post back with more info, hope you have not been discouraged from doing so Dragon.

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monolisa
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Postby monolisa » Thu Jul 23, 2009 5:56 am

I now realise the bar (one before momo) that creates the Mightyzone is simply an area where significant buying/selling takes place but imbalance yet exists. At some point the imbalance materialises and a momo is formed.

This means big boys are actively buying/selling at the zone, and more than likely to do so again when the zone is reached again ("wicked").

Another way to understand the Mightyzone trade is the "zeroed out" concept which has been described by MO in length.

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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Patch
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Postby Patch » Thu Jul 23, 2009 2:02 pm

Good Morning prochargedmopar

Going back to end of Feb, begin of March (around page 250 of NLA), es /pip said go copy and print all writings and charts posted by MightyOne. I think you said you did so and have read your printouts many times. How did you go about doing this project and organizing the text and charts? and how do you recomment I do same?

Thanks
Patch
Last edited by Patch on Thu Jul 23, 2009 2:27 pm, edited 1 time in total.

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cfabian
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Postby cfabian » Thu Jul 23, 2009 2:09 pm

cfabian wrote:
cfabian wrote:es/pip and zapzinig,
Thanks for your explanations. There are things certainly hard to explain, but you did a good job.

I made a quick trade from my mobile during the afternoon, good for 15 pips.

Here's a trade I'm currently in. Check it out... currently +15.


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Shoots, closed it at +3, I guess it will go up again, but after closig it the sucker went down to -14.



And at the end it did hit the target I was aiming for. -14 was the maximum DD from my entry point. Conclusion? Learn to wait, don't panic if price comes back to you.


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zapzinig
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Postby zapzinig » Thu Jul 23, 2009 2:44 pm

Trades for today 174 pips
--ZZ

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Azuremaster
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Postby Azuremaster » Thu Jul 23, 2009 2:58 pm

For ZL fans.

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monolisa
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Postby monolisa » Thu Jul 23, 2009 3:08 pm

As expected, the bar before momo, a place where supply/demand still trying to sort out who wins, provides guidance of future areas of support/resistance. The significance of it seems to depend on the number of non-momo bars and their price action.

BTW, ZZ you could probably ride the bull trend from your entry of 1.6440 to the top at 1.6540 (a good resistance level looking back a few days ago). The bars after the exit momo weren't that strong.

Nevertheless excellent trades you have. Congrat!!

Lis

zapzinig wrote:Trades for today 174 pips
--ZZ

Image
"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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monolisa
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Postby monolisa » Thu Jul 23, 2009 3:48 pm

Today GBPUSD trade.

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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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prochargedmopar
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Postby prochargedmopar » Thu Jul 23, 2009 4:04 pm

EDIT:
Deleted...double post
Last edited by prochargedmopar on Thu Jul 23, 2009 4:09 pm, edited 1 time in total.
#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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prochargedmopar
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Postby prochargedmopar » Thu Jul 23, 2009 4:07 pm

Azuremaster wrote:For ZL fans.

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Dude,
I'm a z-line rookie and I can see your all crossed up and going the wrong way.
What up?


Zap,
your trades are coming off zeroed out area's but your not waiting for conformation of the momo candle to enter..........
Are you trading that area just as one would trade off sup/res??
Thanks
#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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