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es/pip
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Postby es/pip » Tue Oct 13, 2009 1:57 am

adaseb wrote: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?



i was going to say----- dont worry about the "why" bec your charts are marked correctly---- but then i realized those are my charts :P

lol

i posted a long response to this somewhere in the last 100 or so pages-----------as to why the bars form that way----the reasoning behind it.

not saying that my long list was correct or incorrect, just that it was my thinking behind it.

go back and find that post and see if it helps----

i am not sure there is a definite answer to your q's
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Tue Oct 13, 2009 2:03 am

prochargedmopar wrote:I'm the master of the long runs today......LOL
I proved to Razorboy a looooooong time ago that i could take a big loss.
That's easy.

TIMING, IT'S ALL ABOUT TIMING. ALL YOU HAVE TO DO IS GET IN WHEN PRICE IS ABOUT TO MOVE YOUR WAY. TIMING. NO WONDER EVERYONE TALKS ABOUT ENTRIES.

Image


did you put more money in your account?
why are those losers so large in dollar amounts?

thought you were trading 10cent pips?
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 » Tue Oct 13, 2009 2:09 am

thehumbledone wrote:
es/pip wrote:
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?
I am serious es/pip....sorry you doubt it.

and please dont waste your time if you think this is a joke.

Maybe someone will be kind enough to direct me to the post or posts and I will go read them with my tail between my legs

and as I stated above, I have read the thread. what is wrong with asking for clarification?

all i want is some help and i am sure i am not the only trader here who would like to understand this.

i apologize for my stupidity.


HAHAHAHA

Understanding is the easy part.

It's only the beginning...keep searching.
#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

pierre23
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Postby pierre23 » Tue Oct 13, 2009 2:12 am

es/pip wrote:
prochargedmopar wrote:I'm the master of the long runs today......LOL
I proved to Razorboy a looooooong time ago that i could take a big loss.
That's easy.

TIMING, IT'S ALL ABOUT TIMING. ALL YOU HAVE TO DO IS GET IN WHEN PRICE IS ABOUT TO MOVE YOUR WAY. TIMING. NO WONDER EVERYONE TALKS ABOUT ENTRIES.

Image


did you put more money in your account?
why are those losers so large in dollar amounts?

thought you were trading 10cent pips?


Demo trades??

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prochargedmopar
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Postby prochargedmopar » Tue Oct 13, 2009 2:16 am

Looky here,
Messin around with e/j and missed g/u.
That's why TRO says trade one currency until you master it.

Errant minds.


Image
#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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Postby prochargedmopar » Tue Oct 13, 2009 2:21 am

Don't look now,
It's an M30 TRO RAT Reverse for +10

Anybody want the pips.....?? NOT ME.

+10 is for babies...when you grow up you have to drink BEER.

Well, Arnold Swarzenegger said MILK is for babies...so not sure what you'd call babypips.

Image
#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

jcelano
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Humble...

Postby jcelano » Tue Oct 13, 2009 2:55 am

Humble.... Start here, go back 5 pages and forward 100 and you will have a good understanding of ZLines

http://kreslik.com/forums/viewtopic.php ... start=1420

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MightyOne
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Re: Humble...

Postby MightyOne » Tue Oct 13, 2009 3:42 am

jcelano wrote:Humble.... Start here, go back 5 pages and forward 100 and you will have a good understanding of ZLines

http://kreslik.com/forums/viewtopic.php ... start=1420


Here is a list of important definitions:

1. Body in the direction of profit
2. Wick in the direction of loss
3. Don't forget 1.

Mighty Zone: the area from the open to the middle of a momentum candle's body.

Zero Line: any line placed within the Mighty Zone.

Momentum: A candle with a body greater than that which is deemed to be non-momentum and comparable to previous large bodied candles that are not comparable to non-momentum (say what?!)

Extreme Slowing: three consecutive candles that are markedly smaller than previous non-momentum candles.

Hugging Candle: the candle immediately following a momentum candle.

S&R Candles: candles that enter, but do not close within the Mighty Zone.

Cautionary Candles: a candle that breaks above the previous price extreme, but does not close beyond it.

Delaying the Close: the act of considering the following candle as part of the previous after an event such as a breakout or momentum.

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Postby MightyOne » Tue Oct 13, 2009 4:02 am

prochargedmopar wrote:Don't look now,
It's an M30 TRO RAT Reverse for +10

Anybody want the pips.....?? NOT ME.

+10 is for babies...when you grow up you have to drink BEER.

Well, Arnold Swarzenegger said MILK is for babies...so not sure what you'd call babypips.

Image


There is nothing wrong with grabbing 13 or so pips before going for 130.

Brookmyre
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Postby Brookmyre » Tue Oct 13, 2009 5:54 am

Thanks for that list of definitions MO. I have most of that pasted into my MO file but theres a couple of additions there I haven't seen before that are certainly helpful. I still have a lot of trouble with momentum though, as it's all relative to whats gone before.

I would like to ask you and es/pip....once you have made your analysis on a higher tf, found your entry from a lower tf....where do you manage your trades from?

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