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dragon33
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Postby dragon33 » Fri Oct 16, 2009 11:06 am

This is for you Lukx

:smt021 :smt021 :smt079 :smt079
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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lukx
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Postby lukx » Fri Oct 16, 2009 11:29 am

as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 12:19 pm

Hey Lukx,

Throw all the indi's from your screen! Start drawing themself!
You only need two candles to draw.

1) you need a body
2) You need a body with a higher (lower) close

Start drawing them after a new high or low and when the body is broken by another candle. Price need to be closed before you can draw!
Every place where price stops or hestitate you do it also. Then you get something like this picture

Image
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:03 pm

lukx wrote:as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image


From your previous posts I was about to put you on ignore.
I can see that you are just lashing out because you are frustrated.
First of all this trading style is a skill not a mechanical system.
You have to learn to see it first, then when you can see it, you have
to learn how to execute it.

Depending on how you decide to implement zerolines in your trading
it can take many hours of analysis and screen time and it isn't for
everyone.

With that said, I can see that you almost see it. DRagon was good
enough to mark your chart with the right viewpoint.

It is just like your chart points out.

#1 there is a pivot
#2 there is a quiet period (small body)
#3 there is momo (2x body)
#4 price comes back and wicks the zeroline (your limit order)
#5 if your entry candle didn't close in profit get out
#6 if a candle closes against you then get out
#7 if price gets to the next closest ZL in profit get out
Trade Your Way as Long as It Makes Money!

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 1:12 pm

aliassmith wrote:
lukx wrote:as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image


From your previous posts I was about to put you on ignore.
I can see that you are just lashing out because you are frustrated.
First of all this trading style is a skill not a mechanical system.
You have to learn to see it first, then when you can see it, you have
to learn how to execute it.

Depending on how you decide to implement zerolines in your trading
it can take many hours of analysis and screen time and it isn't for
everyone.

With that said, I can see that you almost see it. DRagon was good
enough to mark your chart with the right viewpoint.

It is just like your chart points out.

#1 there is a pivot
#2 there is a quiet period (small body)
#3 there is momo (2x body)
#4 price comes back and wicks the zeroline (your limit order)
#5 if your entry candle didn't close in profit get out
#6 if a candle closes against you then get out
#7 if price gets to the next closest ZL in profit get out


lol that's more informative then the picture alone, thanx
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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lukx
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Postby lukx » Fri Oct 16, 2009 1:22 pm

my huge kudos to all guys who still helping me understand and didn't put me on ignore :) YEP alias you're totally right all my poor posts came from my frustration.

Is this picture right better:
alias by #7 if price gets to the next closest ZL in profit get out you meant some zl back in time right? like the ones I marked here:

Image

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 1:39 pm

lukx wrote:my huge kudos to all guys who still helping me understand and didn't put me on ignore :) YEP alias you're totally right all my poor posts came from my frustration.

Is this picture right better:
alias by #7 if price gets to the next closest ZL in profit get out you meant some zl back in time right? like the ones I marked here:

Image


Always draw two lines, look for ES/PIP charts he also uses the lows because price sometimes only wicks the lowest (or highest) point.
You miss those trades baecause you are waiting to reach the line.

Another point is your second entry on the above picture. Momo down is much bigger then previous run up (you can count more candles up)
Pobability of breaking next zero is very big. Always watch from where you came if there is no profit held lower price will stop and turn most of the times.
Last edited by dragon33 on Fri Oct 16, 2009 1:44 pm, edited 1 time in total.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:42 pm

A wick in

If it closes up then stay and watch

If it close down then run away.
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aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:54 pm

Then you take profit just in case it turns around
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flossnhoss
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Postby flossnhoss » Fri Oct 16, 2009 2:01 pm

MightyOne wrote: I like to answer posts, but please don't ask me $#!+ like:

"Every candle is green and bullish momentum is getting out of control...when do I go short?"


Here is the triangle trade from not too long ago:

Image


Okay, I'll bite :)

Here's what I see:

I believe I understand where the triangles are being formed... that part seems pretty straight forward (at least in hind sight).

In your picture, what I _think_ the numbers marked 1 and 2 seem to indicate a new high (1), and then a higher high (2), yes?

I'm unclear what the smaller lines with the check marks are indicating. It looks like those are bars where price bounced off of the top triangle line, and closed lower. I'm not clear on the significance of these, other than they help confirm the formation of the line.

*Important question*

Where was your trade(s)? I'll make an educated guess and at least say you were going long... perhaps at the break of the top triangle.

Really not sure...thus my post :)

**Really Important question**

Concerning scale, and price angles...I'm really struggling to understand what scale is the 'right' scale for the angles to be 'correct'. If I adjust my chart size, the angles get all messed up.

I think this issue was addressed in earlier posts, but I have since gone back a couple times in this thread (and a couple others) and can't seem to find the answer.

Many thanks for any information.

-floss

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