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Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 4:50 pm

Amazing....

I've put the target lines before all the PA on the chart happened, just to "have a go at it" and it turns out that...
prediction can be of surgical precision, +/- 5 pips :D

Targets 1,2 and MZ where missed by 3 pips at most though.
Target 3 wicked by 2 pips and reversed.

I have never been so precise in my "predictions". (though I guess everything before can be called now groundless guesstimation).


This is becoming thoroughly interesting.

FxT.
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lukx
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Postby lukx » Tue Sep 01, 2009 5:08 pm

big drops today on EU and GU. I guess USA printed a bit of $$ :)

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Patch
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Postby Patch » Tue Sep 01, 2009 5:58 pm

Lukx

50 pips today !!! I don't know what you are doing but keep on doing it !!!
And thanks for the bar timer. One thing is sure, the market is different every day. I wonder who the USA is giving money to today. If the EU and GU are dropping that means the buck is getting stronger. The word must not have gotten out yet that the buck is worth less with every paper bill the US treasury prints.

gutek04

I am a MO gring-go, a rookie in his first month. I know the higher time frames are key to trade and momo development. MOMO is key to all trades placed. I am just beginning to learn and the past few days starting to see a few things. Also remember I am making comments and drawing arrows on completed charts and was not present to see all the bar formations as they grew to completing and what color the H4 and H1 were during the process. I hope some of the more experienced senior partners in the MO MOMO method would pick up and answer gutek04's questions.

The 3Sema indi is a modification of TRO?s that I like because I can see the tip of the candle it sets on. Foreman01 did the changes and I?ve PMed him asking about posting it. As you already know the Semafors are not part of MOMO trading. I include them because I want to watch and learn about their behavior.

And yes my chart has gotten cleaned up quite a bit since my first post-mess. This is thanks to the help of several people here on Kreslik, I couldn't figure out several things. Thanks All.

What are you using to set your target lines for the trades you are entering? Please expain.

Patch
The Gring-go
Last edited by Patch on Fri Sep 04, 2009 3:33 am, edited 1 time in total.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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cfabian
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Postby cfabian » Tue Sep 01, 2009 6:59 pm

Hey Lukx, this trade had the potential for 175 pips. Very Nice.

I got screwed all over. Another demo blown out. Will post latter.


lukx wrote:so would this trade be okay based on 15m candle building up and taking trade?
Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
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cfabian
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Postby cfabian » Tue Sep 01, 2009 8:20 pm

Ok,
First I saw low opportunity with great deal of held profit (targets are the upper yellow lines, as well as possible areas to short trades). Once the candle in the red square broke the yellow line, I set a limit order to enter the trade in the retracement. It didn't come back.

In cases like this, when it doesn't come back on the next candle, how you suggest to trade it in order to NOT MISS the trade, and most important, NOT CHASING the trade????????

Price ended up rising fast, as there were news coming up.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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lukx
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Postby lukx » Tue Sep 01, 2009 8:29 pm

regarding today drops I think I know what big boys are planning...
guess what tomorrow are ADP Non-Farm Employment Change news and when truth will come out USD will fall hard so they bring up the price to make even more money!!! I guess I will keep my long here till tomorrow and see what happens :)
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Last edited by lukx on Wed Sep 02, 2009 6:19 am, edited 1 time in total.

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es/pip
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Postby es/pip » Tue Sep 01, 2009 8:51 pm

cfabian wrote:Ok,
First I saw low opportunity with great deal of held profit (targets are the upper yellow lines, as well as possible areas to short trades). Once the candle in the red square broke the yellow line, I set a limit order to enter the trade in the retracement. It didn't come back.

In cases like this, when it doesn't come back on the next candle, how you suggest to trade it in order to NOT MISS the trade, and most important, NOT CHASING the trade????????

Price ended up rising fast, as there were news coming up.

Image


sometimes you just miss it

i wouldn't have gotten in on that, if i was wanting to go long and watching that pair



cant catch em all
Bend over and assume the position for another 4 years of hope and change.

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PTG
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Postby PTG » Tue Sep 01, 2009 9:05 pm

lukx wrote:regarding today drops I think I know what big boys are planning...
guess what tomorrow are ADP Non-Farm Employment Change news and when truth will come out USD will fall hard so they bring up the price to make even more money!!! I guess I will keep my long here till tomorrow and see what happens :)
Image


I try to stay away from expectations based on considerations like that. I believe you will have to be fully in the know in order to be able to see through the fog. Main point being that if markets move for whatever reason, momo will appear. Position yourself and off you go :smt068 :smt067
This is my new signature: "new signature".

Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 9:23 pm

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions.

Price took off higher so much because there was an old Zline (Target 3)

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated.
That is where you should have entered first time.
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Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 9:27 pm

cfabian,

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions on M5/M15.

Price took off higher so much because there was an old Zline (Target 3) + too close to previous Day Low.

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated. we both considered it, and correctly.
That is where you should have entered first time.

But I never thought of the lower yellow line, I look at D1 to help me trade the H1.

Try looking at H1 to trade your preferred smaller TF.
All the best.
FxT.
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