Never Lose Again

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prochargedmopar
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Postby prochargedmopar » Tue Aug 25, 2009 1:54 am

aliassmith wrote:I really love the ZL/MZ methodology. It is fantastic. I see how it can be applied to H1 charts with good success. The problem is my work schedule only allows me to trade about 4 hours a day. I a trying to convert my new found knowledge to a M5 chart.

When I watch a M5 chart it seems to have similar characteristics as the H1 chart. So now I am going to analyze the M5 and so far it looks promising.


I'm with you on this.
Just up the pip value and lower the daily requirement.

Here is my version of trading with m5 direction and m1 price action.

Image

And here is the m15 direction using m5 momo to take the trade.........

Image

These charts continue all the way to daily's....May only trade m5's but Look at them all.heheheehe
#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 » Tue Aug 25, 2009 1:56 am

BTW, the first pic is a perfect example of a larger correction that does not return to the extreme.........see the m1's??????

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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brettnchrism
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Postby brettnchrism » Tue Aug 25, 2009 2:16 am

Took a GU short lets see how it turnes out.












http://www.paypip.com/forum/uploads/124 ... 4_9605.gif

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MightyOne
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Postby MightyOne » Tue Aug 25, 2009 2:18 am

brettnchrism wrote:Win one lose one. I made a mistake and went against the H4 down trend took a long position on the long z line. Lessons learned just wanted to post for any feed back.


That is a common mistake Brettnchrism :cry:

From the highest price on that chart follow these steps:

1. look at the size of all the bearish momentum bars.

2. Look at the size of the bullish momentum bars

3. look at the size of the non momentum that was followed by bearish momentum.

If it is difficult to tell the non momentum bars that preceded the bearish momentum from the bullish "momentum" then chances are that what you were considering momentum was not despite being larger than the prev. candle.

These methods are not technical patterns that you can blindly follow; they require much thought and must be considered in the context of big picture.

If you are trading the hourly you need to check the multiple hourly momentum at the very least before trading in the hourly direction.


PS: My computer blew up and will not even recognize on button. That is what I get for connecting too many wires to it...
I wanted to buy a new computer anyways, but I wasn't expecting to lose all my programs, files, & pictures :shock:

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brettnchrism
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Postby brettnchrism » Tue Aug 25, 2009 2:23 am

Thanks MO, I can see that I even told my trading partner that EJ was looking short just before I took the long. That's what I get for multi tasking.

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cfabian
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Postby cfabian » Tue Aug 25, 2009 2:36 am

Thank you Zap,
I already have your file downloaded since you posted, however, I'd like to learn how to do so to have updated offline files, as well as downloading some filtered content.

How are you doing with the new family's addition?

Cheers


zapzinig wrote:
Humble wrote:cfabian, I just tried it with Firefox and got a blank web page.

That would be some big file if it worked. I've spent most of the weekend copying and pasting posts and I'm up to page 262. Each web page takes about 60 seconds to load, longer when they time out!


You can download the archive of the first 499 pages of this thread here:
http://kreslik.com/forums/viewtopic.php?t=2005

-zz

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cfabian
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Postby cfabian » Tue Aug 25, 2009 2:38 am

Thank you Zap,
I already have your file downloaded since you posted, however, I'd like to learn how to do so to have updated offline files, as well as downloading some filtered content.

How are you doing with the new family's addition?

Cheers


zapzinig wrote:
Humble wrote:cfabian, I just tried it with Firefox and got a blank web page.

That would be some big file if it worked. I've spent most of the weekend copying and pasting posts and I'm up to page 262. Each web page takes about 60 seconds to load, longer when they time out!


You can download the archive of the first 499 pages of this thread here:
http://kreslik.com/forums/viewtopic.php?t=2005

-zz

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es/pip
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Postby es/pip » Tue Aug 25, 2009 2:45 am

here are 3 from me

the first chart is labeled wrong i was short at 1.4337

i will post a couple per day

if i posted all of them each day this thread would be 10k pages--- lol





Image

Image

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

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brettnchrism
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Postby brettnchrism » Tue Aug 25, 2009 2:56 am

ES---Glad Im seeing what your seeing at least on the GU trade today. Only I took 23 and it looks like you got at least 60. Nice Im catching on just have to fine tune. Im only up for NY and Asian so no london trades for me, generally...

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es/pip
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Postby es/pip » Tue Aug 25, 2009 3:06 am

brettnchrism wrote:ES---Glad Im seeing what your seeing at least on the GU trade today. Only I took 23 and it looks like you got at least 60. Nice Im catching on just have to fine tune. Im only up for NY and Asian so no london trades for me, generally...


yeah i can tell by your charts that you are on the right track.

now you just need to be sure to pay attention to the higher time frames----- using multiple time frames will become a lot easier once you spend some time with it, and see how they all tie in together
Bend over and assume the position for another 4 years of hope and change.

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