Never Lose Again

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dragon33
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Postby dragon33 » Mon Oct 12, 2009 10:46 am

pierre23 wrote:
dragon33 wrote:
pablo101 wrote:If I remember correctly MO doesn't move SL and holds for the big 100 odd pip moves when he mentions using average range x 2.5 in a trade, which is cool but I've never could stomach holding for + century pips. Still need more learning but still happy at present moment getting consistent pips :)


If you start from H4 and make your marks on H1 and M5 for finetuning it is possible to make 150 pips out of a run of 110 pips. Nobody is telling you you should stay in. What is teached here is to take profit when there is and reentry when you can. The zerolines show you the way.

Image

On this picture the H4 zone tells you that price possibly will turn. What are the first things you should think of to catch a part of the momo. Will i take the BO and what will i target?

Image

On the above picture you can see the BO and reverse lines drawed on the H1. This is for every tmf the same! Do you see how many opportunities there are to enter. You can always target near the H1 zones and watch how price is reacting.

Image

Sorry to zoom out like that but i have the same run on the screen as on the H1. Only you can see the marks with the numbers. This is how it works. If you can not find a setup there isn't one that fits you. Stay out and wait for the right one


Hey mate, which indicator are you using which plots the mz? Could you please post the indicator? Helps with the visuals.

cheers
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Fxtraveller
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Postby Fxtraveller » Mon Oct 12, 2009 11:31 am

Well. Bad start with Live on Zlines.

Very good EURJPY, D1 already too big, time for retracement, it entered my MZ zone, it retraced, TP was 20 pips, got out impatiently at +10 pips

price went later on and took my TP target.
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Fxtraveller
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Postby Fxtraveller » Mon Oct 12, 2009 11:49 am

Ok, the bad news now:

GBPUSD

Saw Zlines, entered SELL, Loss.

What happened there? I guess I did not wait for it to be wicked and see a body in the direction of profit in a single timeframe.

Just blindly entered.

Then reentered SELL with a wicked Zline, but still.
Cut my wins short, let my losses take a full stop.

comments from espip, dragon and others appreciated.
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es/pip
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Postby es/pip » Mon Oct 12, 2009 12:10 pm

Fxtraveller wrote:Ok, the bad news now:

GBPUSD

Saw Zlines, entered SELL, Loss.

What happened there? I guess I did not wait for it to be wicked and see a body in the direction of profit in a single timeframe.

Just blindly entered.

Then reentered SELL with a wicked Zline, but still.
Cut my wins short, let my losses take a full stop.

comments from espip, dragon and others appreciated.


for me

just due to the area we were coming out of on the daily and h4---- which looked like a stop run, especially how the h4 bar formed i would not be thrilled in looking short there

and

i am a lot less likely to just lob orders out if we are not looking at consecutive bars on the PA



edit---- the h4 was on consecutive bars--- if 1 wanted to try something there i would be out asap if things were not going my way due to the way the h4 bar formed.

i was looking long off the bottom due to the stop run--

missed most of this, got in a coupe scalps nothing impressive though
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 » Mon Oct 12, 2009 1:49 pm

You've got to be kidding me.

Somebody has been zeroed out, and somebody is banking because of it.
Look at purple line, It's a DAILY chart.

Hmmmmmm

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Postby prochargedmopar » Mon Oct 12, 2009 7:17 pm

EXPANSION BODIES,
Or what "hiddengap" calls EB7"s look very similar to MOMO to me.

Image

Image

Image

Here is the link and there are plenty more earlier in the thread.

http://www.forexfactory.com/showthread. ... 9&page=249
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Questions

Postby thehumbledone » Mon Oct 12, 2009 10:42 pm

Hi...

My trading partner and I am lurking for about a month now, reading every post and looking at charts in this great forum. We have been trading for over 8 years and we are really interested in what you are doing here...it would be nice to be "FREE" as someone mentioned in a post.

But we must be honest with you great traders...we are having a very hard time understanding what you are looking for to identify a potential trade and what you use to determine your entries.

We dont understand some of the terms that many use here that seem to be important to their success:

:arrow: Z Lines--can someone be so kind and show us on a chart where and what a Z line is?
:arrow: MOMO candle and...what is a momo candle? I read somewhere that its not just a candle that is 2x's as large as a prior candle...so what things make up a MOMO candle?
:arrow: HELD PROFITS--what is meant by this exactly? How do i know there are held profits and what is the psychological importance to trading about held profits?

Lastly we looked at Dragons chart and have some questions about why lines are drawn where they are and also why? We have attached the marked up chart.

Hopefully this isnt too much of a pain and someone will be gracious and kind enough to help us so that we can in turn help others as they come onto this great forum.

Thanks for all that everyone does here!

Humbled
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es/pip
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Re: Questions

Postby es/pip » Mon Oct 12, 2009 11:12 pm

thehumbledone wrote:Hi...

My trading partner and I am lurking for about a month now, reading every post and looking at charts in this great forum. We have been trading for over 8 years and we are really interested in what you are doing here...it would be nice to be "FREE" as someone mentioned in a post.

But we must be honest with you great traders...we are having a very hard time understanding what you are looking for to identify a potential trade and what you use to determine your entries.

We dont understand some of the terms that many use here that seem to be important to their success:

:arrow: Z Lines--can someone be so kind and show us on a chart where and what a Z line is?
:arrow: MOMO candle and...what is a momo candle? I read somewhere that its not just a candle that is 2x's as large as a prior candle...so what things make up a MOMO candle?
:arrow: HELD PROFITS--what is meant by this exactly? How do i know there are held profits and what is the psychological importance to trading about held profits?

Lastly we looked at Dragons chart and have some questions about why lines are drawn where they are and also why? We have attached the marked up chart.

Hopefully this isnt too much of a pain and someone will be gracious and kind enough to help us so that we can in turn help others as they come onto this great forum.

Thanks for all that everyone does here!

Humbled


i am honestly not sure if this is a serious post or not

if it is

and i am sure i am going to sound like an ass

but

have you read the thread?
Bend over and assume the position for another 4 years of hope and change.

jcelano
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Heh...

Postby jcelano » Tue Oct 13, 2009 12:14 am

Hey ES/PIP,

Would you mind taking a look at my chart from the previous page and let me know your thoughts? Just interested in what you think and any suggestions you may have.


Thanks for your time!

James

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adaseb
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Postby adaseb » Tue Oct 13, 2009 12:18 am

Hello traders.

I am currently at around page 250 in this thread and I am a tiny bit stumped when it comes to trading the Zero Line.

I re-read this thread even twice from around page 130 where MO started posting and I am still confused about the "Analogy of the Zero Line".

I attached two photos.

Image

Image

Looking at the first photo. Why did a spike up past the ZL form?

Was it because of the shorts that entered at * who thought the price was going to go down but where wrong when it stalled so they tried getting out at break even and created a short squeeze which temporary drove the price up?

Or was it the long who thought that their long entry at # was not going to work out and tried to get out at break even?


In the second photo a spike down happens.

Now did this spike down happen because the longs that entered at # were getting nervous with their position and they tried getting out a break even and created a sell off (long squeeze).

Or was it the shorts who entered at * were nervous when their short position went against them and they waited to get out at break even?

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