NLA 5 years later

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aliassmith
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Postby aliassmith » Thu May 22, 2014 4:14 pm

Jalarupa wrote:Hey Alias,

It goes without saying, but that is an awesome trade!

10 pips is 1%... so i guess you taking the rest of the month off then :lol:

Im just trying to understand the jargon... a failed zline is a zline that got crushed by momo, which then offers a point of order flow that offers an entry in the direction of the momo/failure? (please provide your definition for clarity if mine is not so clear)

was your entry off the daily chart or did you opt for a more precise entry seeing as 10 pips was 1% and if so, would you mind showing us the entry.

TIA its so nice that you are posting again :)


By(my) definition a zline is a point where breakout traders entered a trade and are holding profit. Price moved down thru that area and closed, now traders are sitting at a loss. when price goes back to their breakeven point they are trying to get out of their position. (weakness)

Entry was off the daily chart, using my profit cushion.
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Jalarupa
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Postby Jalarupa » Thu May 22, 2014 4:22 pm

thank you... i looked at the H4 and H1 charts and both offered zline entries, and the H4 offered a higher fail zline.

EDIT

H4 Zlines
https://www.tradingview.com/x/zR9Htz95/

H1 Zlines

https://www.tradingview.com/x/uc9szCtY/

So yeah I would say the Zline is alive and well :)
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Jalarupa
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Postby Jalarupa » Fri May 23, 2014 5:44 am

Going forward on the GU...

H4 Zline

https://www.tradingview.com/x/OryRIJFh/

H1 Zline and Possible Failure

https://www.tradingview.com/x/68YSMCeA/
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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MightyOne
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Postby MightyOne » Fri May 23, 2014 3:23 pm

Just a guess...

Image

aliassmith
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Postby aliassmith » Fri May 23, 2014 5:11 pm

aliassmith wrote:
Jalarupa wrote:Hey Alias,

It goes without saying, but that is an awesome trade!

10 pips is 1%... so i guess you taking the rest of the month off then :lol:

Im just trying to understand the jargon... a failed zline is a zline that got crushed by momo, which then offers a point of order flow that offers an entry in the direction of the momo/failure? (please provide your definition for clarity if mine is not so clear)

was your entry off the daily chart or did you opt for a more precise entry seeing as 10 pips was 1% and if so, would you mind showing us the entry.

TIA its so nice that you are posting again :)


By(my) definition a zline is a point where breakout traders entered a trade and are holding profit. Price moved down thru that area and closed, now traders are sitting at a loss. when price goes back to their breakeven point they are trying to get out of their position. (weakness)

Entry was off the daily chart, using my profit cushion.


Happens on Weekly charts also!
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TheRumpledOne
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Postby TheRumpledOne » Sat May 24, 2014 8:29 pm

I am tending to view trading as a game of OLD MAID or WHO'S THE SUCKER?

Your W1 chart clear shows that buyers above that horizontal line were "suckers" aka "DUMB MONEY" while "SMART MONEY" was happy to sell to them at inflated prices.

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RicG
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Re: THE BEST OF DRAGON33

Postby RicG » Mon May 26, 2014 1:21 am

RicG wrote:
RicG wrote:
RicG wrote:Subject: "The Best of dragon33"

Hi all,

I spent an entire weekend going through all of dragon33's nearly 800 posts and complied about 85, of what I felt were the best, in a Word document.

This document provides an incredible FREE education on price action trading. It's way better than any paid, alleged training you can purchase from so-called "market educators" and spammers. While these posts are not formulated in a normal sequential building block educational course, if you invest the time going through each one dissecting and learning the information, you'll end up with an incredible knowledge of how Dragon trades price action. That's priceless.

During his years helping traders on this board, he also showed his P/L several times and they are extremely impressive (those posts are included in the document). Ask any market spammer and/or trading "educator" that charges money to do that. I can tell you from experience that 99.9% of them won't do it. ALWAYS ask any market "educator" that's selling a course, videos, a webinar, an indicator, a live trading room, etc. to show you his or her REAL brokerage statements that cover at least the most recent 12-month period. If he/she won't do it, then don't waste your money.

In order to get this down to about 85 posts, I left out those that related to brokers, platforms, how to post pics, posts that repeated info already explained several times, personal stuff,etc.

If you're a trader that currently isn't profitable, take heart! dragon33 told us on this board that he lost money for about 5 and a half years before finding success, and this document provides the method he still trades to this day, confirmed by a post he made last month.

The posts contained in the document are in chronological order EXCEPT the very first post, which is the one that dragon33 referenced several times, as being the best way to see his trading methodology in a nutshell

Okay, so here's how you can get a copy. Simply send me a PM with "The Best of dragon33" in the subject line, and include your email address in the message body. Please understand that I'm a full-time trader and very busy, so please be patient.

Many thanks are due to dragon33, for all the time and effort he spent teaching this z-line price action methodology

Great trading to all,
Ric



Hi all,

Just a quick update........I had planned on beginning to send the document yesterday to those of you who sent a request. However, due to a technical issue and family responsibilities, I just haven't had time.

The plan now is to do that either tonight or tomorrow.

Great trading to all,
Ric




Hi all,

Here's an update on "The Best of dragon33" document. As a test, I sent the first page to a well-known Kreslik member to see if the formatting was readable when he opened it. (I won't tell you his name in the interest of anonymity, but his top-secret moniker is TRO. :)) The reason for the readability concern, was due to the fact that I had attempted to
convert the Word.doc to .pdf format and I noticed that the text and chart pics were being cut off. Well, as it turns out, even though my original Word.doc looks good in "Normal" view, the aforementioned member said that text/pics were being cut off on the right edge when he viewed it. However, we discovered that the original can be seen fine when switching to "Web Layout".

I figured out how to reformat the first post in a Word.doc and the aforementioned member said it looks good to him now in "Normal" view. I then took that version of the first post and converted that to .pdf. And it looks outstanding.......very clean, much easier to read. So, I've decided to take the time to make this change to the entire document.

What this means to the people who have requested it, is that I won't be sending this out right away as originally planned. This reformatting involves copying and pasting text, copying and pasting the pics, from each post individually and sequentially, AND then resizing each pic to a specific size. This will take quite a bit of time. It took me about 6 minutes to do this to the first post in the document, so I'm guessing it will take me about 8-10 hours to complete the project, and that's assuming that I don't run into any unforeseen problems. After completing the reformat in Word, I'll convert it to a .pdf file, which is much more secure and stable. I'll try to work on it some this weekend, but do have a busy schedule at this point. I'll give you another update sometime over the weekend.

Also, a few of you have offered to post a link to the finished product on a file sharing site, or other medium in order to make it available to anybody. While I appreciate your intentions and the offer to help, I would MUCH prefer that we don't do that. Here's why; I've already had several requests for this document from people who might not have the best intentions for wanting to obtain it. Once finished, the document should look very clean/professional and my concern is that if it gets in the wrong hands, it will be sold. So, PLEASE let's keep this in-house, amongst the good members of Kreslik.

Great trading to all,
Ric



The weekend update as promised; due to the holiday weekend with previous commitments/family, haven't had a chance to work on the document as of yet. Will keep you posted.
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

aliassmith
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Postby aliassmith » Mon May 26, 2014 5:06 am

TheRumpledOne wrote:I am tending to view trading as a game of OLD MAID or WHO'S THE SUCKER?

Your W1 chart clear shows that buyers above that horizontal line were "suckers" aka "DUMB MONEY" while "SMART MONEY" was happy to sell to them at inflated prices.

Image


I believe the insiders refer to "dumb money" for example pension managers and such who put on large positions more carelessly. The insiders try to take a piece of that action when they get a chance. Basically back when floor traders still existed, they are all but dead at this point.

Dumb money to me means, the dummies that are getting zeroed out!
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Jalarupa
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Postby Jalarupa » Mon May 26, 2014 2:35 pm

MightyOne wrote:Just a guess...

Image


You know me... I'll always take a swing at what you pitching, to try and make sense of the shorthand...

Am, I even close to how you came to your conclusion... (note I'm still working on internalizing the color into naked clarity)

http://screencast.com/t/9FoULvt6pV
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MightyOne
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Postby MightyOne » Mon May 26, 2014 7:05 pm

Your power of observation amazes me Jala.

Image

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