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es/pip
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Postby es/pip » Wed Aug 19, 2009 12:54 am

BlackPearl wrote:Hi guys, new to the board here and really enjoying it. I saw in a recent post a reference to an "MZ" level or something to that effect. Can someone explain what that is?

Thanks is advance, and...I'm looking forward to getting to know everyone.

BP


welcome

you are going to need to read the thread to understand what we are doing and seeing--


it is well worth it
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 » Wed Aug 19, 2009 12:58 am

aliassmith wrote:
es/pip wrote:
aliassmith wrote:
es/pip wrote:
aliassmith wrote:Stage 1: 1 lot at 1.6312 58 pips
Stage 2: 2 lots at 1.6297 73 pips
Stage 3: 4 lots at 1.6288 82 pips
and out at MZ of 1.6370 about 15.5%

This is how I build a position using the H1 charts


nice trade

what was the 1st entry at 1.6312 based on?


es/pips,

I build my position with stage 1 being placed at the open of the next candle after a momo candle. That takes care of when the price just breaks and runs like hell. Stage 2 is at the 50% level of the momo candle and Stage 3 is at the 75% pull back of the momo candle.

It makes it easier for me to get into a position without worring if I am entering correctly. I developed it when Mightyone told you to break your order up.


ok

i was just wondering why you would enter in the place that you did on the first one

there is not really a right or wrong---- i was just curious

thanks


es/pips,

I am attaching another chart with a stage 1 and 2 position. If stage 3 was filled the order would have been worth 9.5%. Since stage 3 was not filled it was worth 3.3%.

How long do you trade with your method? I am going to study it more to see if there is an advantage (time wise) to your method. Currently I only trust H1 since it is the highest timeframe that is the same for everyone in the world. Maybe I can work the lower timeframes, I'll have to research it.
ZL is at 1.6490 looks like I cut it off with my croping.



not sure i follow you

can you rephrase

"How long do you trade with your method? I am going to study it more to see if there is an advantage (time wise) to your method."


i use h1-the monthly charts for my higher timeframes

btw

to post your charts

save the pic as something then go to tinypic.com and upload it then paste the img tag in the body of the message --- it is a lot easier and u do not have to crop anything
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 » Wed Aug 19, 2009 1:02 am

Patch wrote:monolisa
How did you develop your trading disciplines?
Patch



1 thing she has in her favor

---- she is female


females make better traders than males


its just a fact

always has been always will be

females think more like traders are supposed to think---- it is a psychological thing
Bend over and assume the position for another 4 years of hope and change.

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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 19, 2009 1:02 am

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE

"REPETITION IS THE MOTHER OF SKILL"
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Postby MightyOne » Wed Aug 19, 2009 1:17 am

tradepar wrote:MO,

How do you select the first bar which is the starting point for drawing the angles?

Thanks


Magic...
that and experience.

When you know which angles you are using then the answer becomes obvious.

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es/pip
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Postby es/pip » Wed Aug 19, 2009 1:29 am

MightyOne wrote:
tradepar wrote:MO,

How do you select the first bar which is the starting point for drawing the angles?

Thanks


Magic...
that and experience.

When you know which angles you are using then the answer becomes obvious.


i cant figure it out either :oops:

u referenced this before----------- but wherever i decide to draw the box it always seems to follow the 45*---- i know bec it is a perfect square---- but i still cant figure out anything

lol

q1--- " When you know which angles you are using then the answer becomes obvious"

---- does this mean knowing in advance based on the previous angled channel--- meaning the increase by 2 or decrease by .5

or

meaning that you know most likely what angle to draw based on what group it is in
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 » Wed Aug 19, 2009 1:32 am

es/pip wrote:
Patch wrote:monolisa
How did you develop your trading disciplines?
Patch



1 thing she has in her favor

---- she is female


females make better traders than males


its just a fact

always has been always will be

females think more like traders are supposed to think---- it is a psychological thing


Ok,

Dragon33, es/pip, and myself VS three girls on this or any forum ;)

tradepar
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Postby tradepar » Wed Aug 19, 2009 1:32 am

I love magic, specially if I can do it!!!

I see that you have used last swing high and highest low before that to draw the angles.

Mo or anyone ,
How do you draw angles in MetaTrader? I am using trendlines and equidistance channel to draw the angles. But how do I draw wxact angles like 25, 35 etc.


Thanks

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es/pip
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Postby es/pip » Wed Aug 19, 2009 1:35 am

MightyOne wrote:
es/pip wrote:
Patch wrote:monolisa
How did you develop your trading disciplines?
Patch



1 thing she has in her favor

---- she is female


females make better traders than males


its just a fact

always has been always will be

females think more like traders are supposed to think---- it is a psychological thing


Ok,

Dragon33, es/pip, and myself VS three girls on this or any forum ;)



i'm all in on that one :D
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 » Wed Aug 19, 2009 1:40 am

MightyOne wrote:
es/pip wrote:
Patch wrote:monolisa
How did you develop your trading disciplines?
Patch



1 thing she has in her favor

---- she is female


females make better traders than males


its just a fact

always has been always will be

females think more like traders are supposed to think---- it is a psychological thing


Ok,

Dragon33, es/pip, and myself VS three girls on this or any forum ;)




i never said males couldn't change their mind to fit the correct frame :wink:
Bend over and assume the position for another 4 years of hope and change.

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