Never Lose Again

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MightyOne
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Postby MightyOne » Fri Aug 07, 2009 4:56 am

deeforex wrote:I don't know how we determine the box size for Diamond of Perception but for those of you that want to follow along with MO and couldn't quite figure out how he drew his angled lines, here's a quick step by step.

MO, in one picture you had your fibo lines at 26.6% & 57.7% but then on your latest pic, you had 26.4% & 57.3% I guess we're probably going with this last set of numbers? If so, sorry that my pic shows the other numbers.

Looking forward to MO 202!

dee


Well done Deeforex :)

There is not a very big difference between 26.6 and 26.4% :lol:
I was just making the lines as accurate as I could get them.

Box size is determined by the size you can best see. If you are going to be compressing your charts to squeeze as many bars in as possible then your box will need to cover a lot more price bars!

All that you do is multiply the width and depth by the same number and you will arrive at the same angles with longer lines.

If you hold down shift then you can lengthen or shorten the lines without changing the angle.

The Margin of Error angles are just the midpoints between two major angles.

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retireme
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Postby retireme » Fri Aug 07, 2009 4:58 am

Seems I am not the only one then, I need a new brick.... the one I have been using to hit my head with is worn out...

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es/pip
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Postby es/pip » Fri Aug 07, 2009 5:13 am

rectangle is 25 bars and 117 pips

i choose 25 bars bec it was the last clear swing down----would you have drawn it that way?

i then moved it 25 bars into the future


what should this tell me about the future?

what does it tell you?

or is what i even drew mean anything at all?

:D

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Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Fri Aug 07, 2009 5:17 am

retireme wrote:Seems I am not the only one then, I need a new brick.... the one I have been using to hit my head with is worn out...



all the people that have come to understand zl's have ask q's and have posted charts with their zl's drawn on them.

you have to put what we have on our charts onto yours in order to see
Bend over and assume the position for another 4 years of hope and change.

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MightyOne
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Postby MightyOne » Fri Aug 07, 2009 5:19 am

cfabian wrote:Thanks for your lessons Mighty....

Everything is almost clear, now the most important thing is how to use it?????

We need to overlap the square with angles to the price, or just determine the angle price is following?

Then, when it is time of trend change and ride thru the new channel? Attached is one of your images with what according to me could have been the start of a 50* channel (blue line)... which wasn't right at the end, but where you mark your entry point I see it was as early as taken my blue line instead of yours.

Also, when is time to exit????

Sorry for so many questions... this is really so interesting that will rise more questions from people.

Cheers


Image


MightyOne wrote:Thank you all for you kind words ;)

Diamond of Perception Simplified:

I will just need to adjust the line placement strategy for the M.O.E. Angles...it shouldn't be too big a deal.

Image


Not so fast cfabian!

First you have to learn how to draw the lines and then you actually have to draw and play with them a bit.

Your blue line is sitting in the middle of nothingness :lol:

We will get around to angle placement later...

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es/pip
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Postby es/pip » Fri Aug 07, 2009 5:29 am

es/pip wrote:rectangle is 25 bars and 117 pips

i choose 25 bars bec it was the last clear swing down----would you have drawn it that way?

i then moved it 25 bars into the future


what should this tell me about the future?

what does it tell you?

or is what i even drew mean anything at all?

:D

Image



nevermind--------------- i am sure you have a way that you want to walk everyone thru this

i dont want to get you talking about stuff out of your order

i dont want to confuse myself or anyone else either
Bend over and assume the position for another 4 years of hope and change.

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monolisa
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Postby monolisa » Fri Aug 07, 2009 5:36 am

Drawing angles using "Trendline by Angle" Tool in MT4. When I scale (zoom in/out) the chart it seems the angles remain the same.

Image

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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retireme
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Postby retireme » Fri Aug 07, 2009 6:49 am

Need help, badly.... my crayons are all blunt!

Image

How to shorten those lines, I tried holding shift... no go.

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monolisa
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Postby monolisa » Fri Aug 07, 2009 7:00 am

Hi retireme,

Uncheck "Ray" in the Properties of the line.

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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retireme
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Postby retireme » Fri Aug 07, 2009 7:13 am

Woohoo... thx Lis

So now we have the drawing down pat, just have to know where to draw it.

Looking at es/pip's example, he chose 25 bars and stated his reasons (swinging down), fine with that. So if the swing was over 75 bars (up or down) would we still use all of those bars. Is there any other dominant criteria for selection of the rectangle?

Retireme

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