Never Lose Again

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nelreth
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Postby nelreth » Wed Sep 16, 2009 12:31 pm

Hi Lukx

Great trade :)

Cheers

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es/pip
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Postby es/pip » Wed Sep 16, 2009 2:07 pm

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

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cfabian
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Postby cfabian » Wed Sep 16, 2009 2:15 pm

Lukx,
Pablo's version plots the line at the middle of the candle, while blubbb's original plots it on the break.


lukx wrote:
cfabian wrote: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.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
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cfabian
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Postby cfabian » Wed Sep 16, 2009 2:25 pm

There you go... I've tested the link and it is there.

mario75 wrote:
Fxtraveller wrote: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
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

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

aliassmith
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Postby aliassmith » Wed Sep 16, 2009 2:38 pm

IN on G/U at 1.6489 short

Looking to target 1.6415 think it will get there es/pip?

Got burned on a trade right before and the MoMo is a bit fuzzy:)

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es/pip
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Postby es/pip » Wed Sep 16, 2009 2:48 pm

most likely done--

may trade the (us) afternoon session

lol i had my finger on the button to exit the ej trade at the h1 zl was thinking about staying in to see if it went higher----pressed it to get out and then boom goes up another 40 pips lol


Image

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

aliassmith
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Postby aliassmith » Wed Sep 16, 2009 3:07 pm

es/pip wrote:most likely done--

may trade the (us) afternoon session

lol i had my finger on the button to exit the ej trade at the h1 zl was thinking about staying in to see if it went higher----pressed it to get out and then boom goes up another 40 pips lol


Image

Image


Nice trades there es/pip

I made the enemy of mistakes and got married to a direction without looking at all the Time Frames. OUCH!

Andy123
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Postby Andy123 » Wed Sep 16, 2009 3:21 pm

Nice trading es/pip.

I was also watching the E/U there but I was put off by the hammer on the H1 chart just before entry.

What, if you don't mind me asking, where you're thoughts on it at the time of your trade ?

Thanks

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es/pip
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Postby es/pip » Wed Sep 16, 2009 3:26 pm

aliassmith wrote:
es/pip wrote:most likely done--

may trade the (us) afternoon session

lol i had my finger on the button to exit the ej trade at the h1 zl was thinking about staying in to see if it went higher----pressed it to get out and then boom goes up another 40 pips lol


Image

Image


Nice trades there es/pip

I made the enemy of mistakes and got married to a direction without looking at all the Time Frames. OUCH!


i see what you see on the h1-- i was watching it but didn't like the pa

then at the next h1 above the first i took a shot at it and got out at b/e was down 14 at 1 point in it--- risky trade---


have to be careful of the shorts due to where we are coming out of on the daily
Bend over and assume the position for another 4 years of hope and change.

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cfabian
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Postby cfabian » Wed Sep 16, 2009 3:30 pm

Well, sharping things out....

I'm at home right now, and can't really focus on this as kids are SOOOO demanding.

I saw this set up, got in and got quick 9 pips. The sucker would be +27 as I type. I rather close it this fast as I'm so distracted with the kids.

There were good opportunities as well early today, but for same circumstances didn't get them.

Best to all

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

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