Never Lose Again

[es/pip]

out at 133.65 didn't like the pa at the high--

need to sleep

was also playing the pound short off the h1 chart's dbl top

[pablo101]

Pablo,
I like your version of MZ indi. Did you modify it? can you share it to the forum?

Thanks

cfabian , it's blubbs zl indy it's in his topic.

Pablo what's the name of indicator that tells you candle pattern names you got there? Is it free? Where I can get it?

Again thanks guys for support. I got some sleep, it's another day, I guess just need to keep on going.

cfabian, its just blubbbs zline indi, have a look at his thread

Lukx, the indi is call pattern recognition master V3 and its free, do a search and you'll will find.

[NeGem]

Hi, I have a few questions about held profit. If the professional traders are selling and the weak holders follow, why do the professional traders want to zero out the weak holders? Wouldn't the weak holders actually increase the speed of the downward movement? If so, shouldn't this be a good thing to the professional traders because price is able go down faster and lower?
Thanks for any help . . . i am just trying to get the concept straight.

[Fxtraveller]

cfabian,
Blubbb either deleted the indicators, or I cant see them for some other reason.

please post the indicator that shows the MZ, not just the Zline.

Thank you

[mario75]

cfabian,
Blubbb either deleted the indicators, or I cant see them for some other reason.

please post the indicator that shows the MZ, not just the Zline.

Thank you

You can download this indi (Blubbb_MightyZones.mq4) on this page - http://kreslik.com/forums/viewtopic.php?t=1885&postdays=0&postorder=asc&start=100 - but you have to login to see it.
Regards

[lukx]

my today trade:

[frang0nve]

Hi, I have a few questions about held profit. If the professional traders are selling and the weak holders follow, why do the professional traders want to zero out the weak holders? Wouldn't the weak holders actually increase the speed of the downward movement? If so, shouldn't this be a good thing to the professional traders because price is able go down faster and lower?
Thanks for any help . . . i am just trying to get the concept straight.

I read somewhere this explanation:

The problem is that weak holders chicken easily and so in your example they'll start to cover their shorts too soon and those operations disrupt the smooth down path engineered by our beloved insiders.

Cheers


Francisco

[cfabian]

Had this "pee" break during my sleep, and just got to the screen and saw price went back up to my daily line. I gave it a go.




Started to get momentum, it reached lower support as shown here, bounced back up quite quick. Closed it with +1. Back to sleep.

[nelreth]

Hi Lukx

Great trade

Cheers

[es/pip]

Hi, I have a few questions about held profit. If the professional traders are selling and the weak holders follow, why do the professional traders want to zero out the weak holders? Wouldn't the weak holders actually increase the speed of the downward movement? If so, shouldn't this be a good thing to the professional traders because price is able go down faster and lower?
Thanks for any help . . . i am just trying to get the concept straight.

short version

bec it just works that way

long version( MO said some of this--- some of it is what i added to it---)


1. if the market moved in a straight line every time it had momentum, then everyone would be zillionaires. As soon as it starts moving with momo just get in every time. Since we know that doesn't happen, and we know the big boys know that doesn't happen, then we play in the direction of momo after other traders get out like the pros do.

2. The pros know where(have a good idea) most traders get in, after momo they take it back to them getting them out at be for two reasons. one, to create the emotional roller coaster. Which gets traders out at b/e and then price goes in the direction they originally thought. which creates the emotions of---- damn, i knew i was right oh well i didn't lose anything. So traders continue to do this over and over again---never learning from their mistakes. Two, it creates a lot of stop orders which adds liquidity for the pros to put on large size by taking the little guys stops.

3. When the market bursts up with momo the pros are either happy with where they are in the trade and continue to just take it up, if they are not happy with their position, they take it back down zl'ing other traders and they get in at a better price before taking it up,

4. and most importantly------------ because emotions of other traders move the markets. Traders are greedy and fearful. held profit is the greed and the zl is the emotion(fear)


thats just what i think

it may not be correct

i really don't care why as long as it works:D