Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Fri Sep 11, 2009 12:30 pm

Patch wrote:es/pip

Would you please post the higher time frame charts you are looking at today with markups of MOMO and MZones. Along with your lower time frame charts of entry and exit.

Thanks
Patch


here is one


every chart i post is basically the same

decisions to trade are off the h4 h1-- with an understanding of where we are on the daily etc

then i look inside to make a decision on where i am going to get in


i will post some more stuff later

i need to sleep for a couple hrs ------golf later

ALSO------- THERE HAS BEEN TONS OF WAYS TO MAKE PIPS POSTED BY TRO AND OTHERS. IF THIS DOESN'T WORK FOR YOU THEN TRADE A DIFFERENT WAY. SOME MAY SEE IT AND UNDERSTAND IT OTHERS MAY NOT---- IF NOT JUST TRADE SOMETHING THAT WORKS FOR YOU

Image

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Fri Sep 11, 2009 12:35 pm

lukx wrote:
es/pip wrote:when you come into a zl that is held profit and traders are getting zl'ed that is an old zl--- then you look for some momentum somewhere (time frame) and trade away from it-- if you choose to try that trade


Thanks es/pip. I'm just not sure what do you mean by saying "trade away from zl". You mean by that trade opposite direction as momo candle is?


MEANING THAT IF YOU HAVE A ZL THAT IS FROM OTHER TRADERS HOLDING A PROFIT AND YOU COME INTO IT IF YOU WANT TO THEN YOU CAN TRADE AWAY FROM IT


LIKE THIS

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

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Fri Sep 11, 2009 12:42 pm

es/pip wrote:
lukx wrote:
es/pip wrote:when you come into a zl that is held profit and traders are getting zl'ed that is an old zl--- then you look for some momentum somewhere (time frame) and trade away from it-- if you choose to try that trade


Thanks es/pip. I'm just not sure what do you mean by saying "trade away from zl". You mean by that trade opposite direction as momo candle is?


MEANING THAT IF YOU HAVE A ZL THAT IS FROM OTHER TRADERS HOLDING A PROFIT AND YOU COME INTO IT IF YOU WANT TO THEN YOU CAN TRADE AWAY FROM IT


LIKE THIS

Image


or this

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

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Fri Sep 11, 2009 12:44 pm

Image

Thanks es/pip, have a good one at golf course!

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Fri Sep 11, 2009 1:48 pm

Lukx
I would trade it short. Higher timeframes dictate the main route. As it is approaching daily resistance, it is probable it will create a short move. You can see in other TF short momo is building up, but have to recall that in order for price go further down, it NEEDS to cross down those "long setup" areas. As the pros said, just be careful how price reacts in those zones.

Also take a look how daily momo is decreasing substancially as it approaches the zone.


lukx wrote:Guys what would you do in this kind of situation?
Is it what I'm seeing correct?

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
flinux
rank: 150+ posts
rank: 150+ posts
Posts: 219
Joined: Wed May 27, 2009 9:52 pm
Reputation: 0
Gender: Male
Contact:

Postby flinux » Fri Sep 11, 2009 1:57 pm

Have MZ indicator applied on multiple timeframes is amazing, because you get multiple alarms. To be clear, look here:

Image

Confirmed on: M5, M15, M30.

16 Simple Pips.

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Re: Current trade

Postby cfabian » Fri Sep 11, 2009 2:01 pm

And price did hit your original target.
Learn to wait, and/or take profits at some ´point and try to reenter at better price than your exit. In this case price went back to your entry area and then dropped down to your target.


JTurnbull wrote:I am trading away from 33 day old Zone. here is 4hr chart
Image
And here is my entry short on the 5 min
Image
Let me know what you think. Target is 4hr at 1.6660
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

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

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Fri Sep 11, 2009 2:27 pm

ok my last question :) (for this week) :P

the MZ is valid till candle close right? So this long zone is still oke to trade , even if existing candle cut through it ?

Image

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Fri Sep 11, 2009 3:30 pm

es/pip wrote:
prochargedmopar wrote:Hmmmmm,
See price rising on low volume?
See churn bar?
See price drop????

pretty simple,
As soon as you see a low volume up bar you look for an exit.
Then see price drop on rising volume.
Then see price reverse on higher and higher volume.
then churn bar ect, ect.....Easy pips.


Image


im with you on the volume

VSA def. has its place

not sure how far you are into VSA but if you look for strength/weakness in the background, and then look for the volume signal it significantly reduces the fake outs

i used VSA when i traded the es

you can search for Sebastian manby-- mante-- cant remember his last name---- on http://www.traderslaboratory.com/

he goes into some extensive VSA analysis on the es, but you can apply it to whatever you want to

he knows his stuff as far a s VSA is concerned


Thankyou sir,
I'll check his post out.
I've watched some vids from there on the vwap setup. Not sure if it was the same guy.
#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

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Fri Sep 11, 2009 3:40 pm

Lukx,
To my understanding, if price already passed thru that MZ, that zone is no longer valid as it was already zeroed.


lukx wrote:ok my last question :) (for this week) :P

the MZ is valid till candle close right? So this long zone is still oke to trade , even if existing candle cut through it ?

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

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”