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prochargedmopar
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Postby prochargedmopar » Sat Aug 08, 2009 1:08 am

Ok, forget all those angles for a moment.
This I see as a classic upthrust and MOMO reversal for us MO101 practitioners/freshman.

Let's assess.
A= A larger correction that did not return to the extreme.
Action= SELL
B= Bottom of bucket/double bottom/s/r bounce, ect that was penetrated......= continuation
C= An even larger correction....= watch closely.
D= A price level that did NOT return to the extreme
Action= BUY to cover.

Is this correct??

Image
Last edited by prochargedmopar on Sat Aug 08, 2009 1:43 am, 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 » Sat Aug 08, 2009 1:09 am

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL
#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 » Sat Aug 08, 2009 2:42 am

prochargedmopar wrote:P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL


Will you give me your brokers phone #,I want to call him, and have them disable the m1 function on your mt4 software. :D
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 » Sat Aug 08, 2009 4:53 am

LOL! I think es/pip is right :)

Just remember that you made the trading decisions on the M1 chart retrospectively. Can you make the same decision and hold on to your winner when you trade M1?

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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dragon33
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Postby dragon33 » Sat Aug 08, 2009 8:22 am

cfabian wrote:Excellent Dragon, excellent....

A simple question here.... what stopped you from entering short 1 or 2 pink candles before the one you are signaling?

I was aiming for that same trade, but entered 2 pink candles before you (the one with more momentum), was in profit about +20 but price came back and got stopped out on that long wick on the following blue candle.

It will be interesting your opinion on this particular point (just don't tell me "because I was sleeping" LOL).

Cheers



dragon33 wrote:Here is the foto how i managed to gain a tremendos income just by waiting a few days.

Image


On the picture you can see where my arrow was placed. The reason why i took the trade there? I was looking for lower high's and the next candles showed lower high's.

My entry shown on the picture is a perfect zero entry on the M30 chart. That's the only reason why i got in there!
Here is the picture and now you will understand my decision!

Image

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prochargedmopar
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Postby prochargedmopar » Sat Aug 08, 2009 2:28 pm

es/pip wrote:
prochargedmopar wrote:P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL


Will you give me your brokers phone #,I want to call him, and have them disable the m1 function on your mt4 software. :D


Ok funny guy,
It's 1-800-7.....
Well, I better not or you might be getting a knock at your door from some shady characters in black coats.....think about all the commisions you'd be taking out of their pockets.
LOL
#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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dragon33
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Postby dragon33 » Sat Aug 08, 2009 3:27 pm

Question for Monolisa:

Is it possible to right an alert when price almost approach a MZ of your MZ indi?

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blubbb
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Postby blubbb » Sat Aug 08, 2009 7:03 pm

This is my version of MightyZones. Tell me if the alert is correct and I'll put it in my indi thread.
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Blubbb_MightyZones.mq4
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MightyOne
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Postby MightyOne » Sat Aug 08, 2009 7:23 pm

prochargedmopar wrote:P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL


It is not possible to trade the M1 chart ;)

All decisions are based on: Hours, days, weeks, months, & years.

When watching the hourly you might look at the M1 to place a limit order, but after that you are not looking at the minute chart for at least the next 20 minutes.

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MightyOne
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Postby MightyOne » Sat Aug 08, 2009 9:27 pm


202 Lesson 2: Proportions


A 90* angle would have a channel width of how many pips?

ZERO!

A 15* angle would have a channel of how many pips?

More than 30, 45, 60, & 75* angles.

Out of 18 possible angles the chart is most likely to run at an angle between 25 & 65 degrees.

25-30-35-40-45-50-55-60-65

Of these angles the chart will be running at 2 of 3 angles within a group of angles:

25-30-35

40-45-50

55-60-65

By considering the size of the channel captured by an x* angle one can narrow the possibilities down significantly and make a high probability guess as to what the chart will do in the future.

(This is one of those you get it or you don't posts...I am not taking questions at this time)

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