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es/pip
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Postby es/pip » Wed Sep 09, 2009 11:37 pm

aliassmith wrote:Nice little move in early US session.

H1 Chart 10 pips SL a few pips move :roll:


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

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EU has something forming

Postby JTurnbull » Wed Sep 09, 2009 11:46 pm

Looks like something forming on EU if we get some more weakness out of it. could be a good setup for another leg up further
Image
Also just making sure i still remember how to post images.

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es/pip
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Postby es/pip » Wed Sep 09, 2009 11:51 pm

lukx wrote:another quick question.
What if we have MOMO long, we're waiting one candle went up and another one hit ZL bit the one that hit ZL was also MOMO but for short?

Image


huh?


rephrase that or post a larger chart showing what you are saying
Bend over and assume the position for another 4 years of hope and change.

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prochargedmopar
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Postby prochargedmopar » Thu Sep 10, 2009 1:54 am

TheRumpledOne wrote:Image

Let's see...

Enter within 20 pips of the bottom...

Price now 45 pips off the bottom...

Hmmm.....


TRO,
I can see that you have adopted some of the good Dr.'s trading strategies.
Trading off daily extremes..........
So do you have the saxo bank link bookmarked?

I'm going to have to look through your indi's for a better daily avg indicator than what the dailydatav.2 is showing.
#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 » Thu Sep 10, 2009 7:41 am

cfabian wrote:Dragon...
What is that red line at 1.64615 marked for? What is telling you? Not the stop loss, but the strong one. It is close to a daily ZL, but it is not (at least on mine).

Thanks


dragon33 wrote:How to miss a trade by a few pips :evil: :cry:
That's what you get when setting things and doing other things. I rarely use limitorders to prevent this.

Image

Image

Image


I mark the zones from the higher frames. The first red is H4 and the second is the income from the daily.
The zone indicator does not mark every possible reverse. That's the reason why i do it by hand. If price comes near my lines i scale in to M5!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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Postby dragon33 » Thu Sep 10, 2009 9:01 am

This is why it is important to draw manually on momo candles.

Here you can see a momo reversal pattern. First we have a small momo to the upside but on the smaller timeframe you are able to catch the breakout the othere way.

Image

Image
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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Postby lukx » Thu Sep 10, 2009 9:21 am

huh ?! I don't get it... on 4H this momo was long so we shoudl be looking to enter long on pullback. How did you know it will be breakout when price will hit ZL on this long momo on 4H

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dragon33
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Postby dragon33 » Thu Sep 10, 2009 10:18 am

lukx wrote:huh ?! I don't get it... on 4H this momo was long so we shoudl be looking to enter long on pullback. How did you know it will be breakout when price will hit ZL on this long momo on 4H


If i knew that i was a very rich person. What i want you to see is how important it is to draw some lines by hand. If you see what is happening on M5 just before the breakout (white circle) then you can imagine price will drop instead of running up.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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Postby pablo101 » Thu Sep 10, 2009 10:58 am

Man... zlines are so addictive :)
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dragon33
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Postby dragon33 » Thu Sep 10, 2009 11:11 am

Image

Fun when it go quick like this. The major upmomo on H4 was still holding.
There where a few attempts to run down but never saw any lower lows on the H4. Daily major bias was up and that made me decide to take the trade up just before news.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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