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prochargedmopar
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Postby prochargedmopar » Sat Oct 17, 2009 2:31 pm

Will someone in the know please check out the accuracy of my market assessments in the below pics??
I want to know if I can SEE or NOT.

This is a currency I've never looked at before....not that it matters.

The first I marked off pivot points so I could "see" HH/LL's ect.

Image

Next up I used the same pic and marked off a few "double hooks" and a couple larger Time frame "double hooks".
Oops, accidentally deleted the bottom of the third triangle........

Image

And finally, I market a few points of held profit (green) and then where I considered those to be zeroed (red).
Keep in mind the first 2 and the last 1 have yet to be "zeroed".
EDIT: Forgot to mark the zero point of the 2nd to last green line.
It was Immediately on the next candle.

Also, depending on your definition of held profit the red "zeroed" lines could also be considered more held profit.

Image

Please critique harshly, I've gotta get this down and this is one of my first stabs at actually drawing on a chart and not just letting it be a "mental" thing.

Thanks
Last edited by prochargedmopar on Sat Oct 17, 2009 2:48 pm, edited 1 time in total.
#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 » Sat Oct 17, 2009 2:40 pm

BTW,
Anyone ever look at a chart with closes(closed body truth) and momo only??

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 » Sat Oct 17, 2009 9:16 pm

Read that a pivot is a high or low that is higher/lower than the previous 2 highs or lows..............Hmmmmm

Is that possible. Sure looks like it on the G/U h4 chart.
What do you guys think?
Marked pivot high/Low with an X.

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 » Sat Oct 17, 2009 9:45 pm

Here I was able to "pick a top" thur. after looking at charts for less than 3 min.....3 climax high bars formed and then the close of a churn bar. I hit it short on NO DEMAND........the only problem is that if no demand got me into the market it is also what should have gotten me out of the market....I exited in fear of a re-test without any reason to do so. +16.9 and it dropped 165.
Plenty of supply in those bars.

Time to settle on a system.???... LOL

Image

There are too many ways to make pips and I have too many in my head. Got to simplify but don't know which one to trust.
*sighs*
#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 mthomas » Sat Oct 17, 2009 11:39 pm

Pro,
Call my cell or catch me on skype when u get free from them wife and kids.

Alotofpips

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jahjahblessed
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PIVOT

Postby jahjahblessed » Sun Oct 18, 2009 3:48 am

EH!! I stop thinking Z-Line my head and I finally hope i got it erasing my pivot indicator as I type
PRO maybe they can help both of us here my shot at it

PTG "Price will make new highs and lows; these are the pivot points.
A reversal indicates that the market has hit a pivot point.
From the pivot point, price will reverse"

dragon33
"1) you need a body
2) You need a body with a higher (lower) close"
"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"

wish I can trade and be on here more but works got me, but time will tell just gotta gave sleep up. thank all you guys and gal MO, therumpled, es, dragon and everyone else

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transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

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JAHJAHBLESSED

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Re: PIVOT

Postby prochargedmopar » Sun Oct 18, 2009 4:09 am

jahjahblessed wrote:EH!! I stop thinking Z-Line my head and I finally hope i got it erasing my pivot indicator as I type
PRO maybe they can help both of us here my shot at it

PTG "Price will make new highs and lows; these are the pivot points.
A reversal indicates that the market has hit a pivot point.
From the pivot point, price will reverse"

dragon33
"1) you need a body
2) You need a body with a higher (lower) close"
"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"

wish I can trade and be on here more but works got me, but time will tell just gotta gave sleep up. thank all you guys and gal MO, therumpled, es, dragon and everyone else

Image


I only picked a few on my chart so as to let the critics know what I'm seeing or not seeing. After momo, entry is anywhere in the zone above the "breakout" of previous candle depending on price action. Could even be after the breakout area or next candle if momo is still in effect and you were unable to get a legitimate signal for your entry. Some candles are shaved/bald when momo is extreme or market speed is fast.

My wife is going to dress me up like a red momo candlestick for holloween and said I can post the pick as my avatar.... LOL

She also said yesterday when I start rambling on and on about trading that instead of mumbling blah, blah, blah like most people she starts saying momo, momo, momo.

Doh.
#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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Re: PIVOT

Postby jahjahblessed » Sun Oct 18, 2009 4:13 am

prochargedmopar wrote:
jahjahblessed wrote:EH!! I stop thinking Z-Line my head and I finally hope i got it erasing my pivot indicator as I type
PRO maybe they can help both of us here my shot at it

PTG "Price will make new highs and lows; these are the pivot points.
A reversal indicates that the market has hit a pivot point.
From the pivot point, price will reverse"

dragon33
"1) you need a body
2) You need a body with a higher (lower) close"
"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"

wish I can trade and be on here more but works got me, but time will tell just gotta gave sleep up. thank all you guys and gal MO, therumpled, es, dragon and everyone else

Image


I only picked a few on my chart so as to let the critics know what I'm seeing or not seeing. After momo, entry is anywhere in the zone above the "breakout" of previous candle depending on price action. Could even be after the breakout area or next candle if momo is still in effect and you were unable to get a legitimate signal for your entry. Some candles are shaved/bald when momo is extreme or market speed is fast.

My wife is going to dress me up like a red momo candlestick for holloween and said I can post the pick as my avatar.... LOL

She also said yesterday when I start rambling on and on about trading that instead of mumbling blah, blah, blah like most people she starts saying momo, momo, momo.

Doh.


lol lol it will be a good avartar
transform to PIP"S FARI



Whatever the mind of man can conceive and believe, it can achieve.

Napoleon Hill



Image

JAHJAHBLESSED

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PTG
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Re: PIVOT

Postby PTG » Sun Oct 18, 2009 2:57 pm

jahjahblessed wrote:EH!! I stop thinking Z-Line my head and I finally hope i got it erasing my pivot indicator as I type
PRO maybe they can help both of us here my shot at it

PTG "Price will make new highs and lows; these are the pivot points.
A reversal indicates that the market has hit a pivot point.
From the pivot point, price will reverse"

dragon33
"1) you need a body
2) You need a body with a higher (lower) close"
"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"

wish I can trade and be on here more but works got me, but time will tell just gotta gave sleep up. thank all you guys and gal MO, therumpled, es, dragon and everyone else

Image


Basically, as I see it, you're looking for a key reversal (higher high/lower close or lower low/higher close) and a colour change (or "color" for the colonies :lol: ).
This is my new signature: "new signature".

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PTG
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Re: PIVOT

Postby PTG » Sun Oct 18, 2009 8:57 pm

PTG wrote:
jahjahblessed wrote:EH!! I stop thinking Z-Line my head and I finally hope i got it erasing my pivot indicator as I type
PRO maybe they can help both of us here my shot at it

PTG "Price will make new highs and lows; these are the pivot points.
A reversal indicates that the market has hit a pivot point.
From the pivot point, price will reverse"

dragon33
"1) you need a body
2) You need a body with a higher (lower) close"
"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"

wish I can trade and be on here more but works got me, but time will tell just gotta gave sleep up. thank all you guys and gal MO, therumpled, es, dragon and everyone else

Image


Basically, as I see it, you're looking for a key reversal (higher high/lower close or lower low/higher close) and a colour change (or "color" for the colonies :lol: ).


I've looked again, and I think I wasn't quite clear. I think that the Dragon33 remarks are exactly what he says. The moment a bar closes with different color, you've got a zero line situation. You don't need a key reversal bar for that, although it could be one.

Apply this to the higher timeframe, and you've got yourself a higher probable direction to trade for the lower timeframe plus ZL's as potential targets. Trade in that direction only in order to not act like a Yale student :shock:
This is my new signature: "new signature".

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