P&F charts suck, don't use them...

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Thu Oct 06, 2011 4:16 pm

Instead of ORIENTEERING the various TF's, I am starting to think ORIENTEERING the PA in different REVERSAL levels is the PATH to take...

:shock:
:!:
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Thu Oct 06, 2011 7:19 pm

forexjpn wrote:This may help, this may not............it may even be wrong, but I'll share what I have discovered through my observation and maybe others can add or disagree or agree or whatever.

To me, the MOMO is not always the longest/biggest bar and a long/big bar is not always a MOMO per se..........
There are various possible entry points after a MOMO............
1)the high (wick extreme) of the previous bar
2)the close (body) of the previous bar
3)anywhere in the MZ
and
4)if the MOMO is very long, the high(wick extreme) closest to the
MOMO's close is also a very common case.
and a couple more, but those are the main ones for me.

I, myself, usually use the high of the previous bar or again if the MOMO is very long, the high closest to the close of the MOMO (which could be several bars away). When, the MOMO is very long, I tend to be more cautious and wait for price to show the way, whereas for smaller MOMO's and on smaller time frames I get in right when price touches my point.

Yes, sometimes after I enter at a higher entry point, prices goes further and tags a lower entry point and sometimes it goes even further and I get out at a loss, but the majority of the time it goes as planned and I'm more than happy with that. (mind you, because of this, I would never trade directly off HTF charts)

My next step is to be able to Ride or Die, meaning I don't exactly know where to exit for those big runs, but to be honest, I don't really 'need' to. I just would be nicer if I could. For now I simply ride my entries for 1 or 2 bars or blatantly obvious Z-lines and that brings in enough pips.

If anything isn't clear, let me know and I'll try again.
And to others, if anything I wrote is incorrect, please let me know.
Thnx



newscalper wrote:I'm really hopeless! Still scratching my head and puzzling with this :roll:

Image

Image

Now I know everyone looks to get wicked in on here and now MO is saying this but originally MO did not say this

Image

Now either I don't understand or there's something else because if there was a singular method as put that was profitable there would be no need to keep changing it slightly or looking at it from different angles. It is either difinitive and 'works' or does not. End of...


Is no right or wrong, only +$ /-$, profit/loss(TRO). (or consequences)
#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

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Thu Oct 06, 2011 8:39 pm

Couriouser and curiouser...

Image

Image

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Thu Oct 06, 2011 11:51 pm

Bredin,
Would you be willing/able to add a "show wicks" feature to this indicator for dchappy and I for back-testing purposes?
Thx
Attachments
RenkoLiveChart_v2.1.mq4
RenkoLivechart_v2.1.mq4
(9.2 KiB) Downloaded 55 times
#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

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 0
Gender: Male

Postby Humble » Fri Oct 07, 2011 1:04 am

forexjpn wrote:This may help, this may not............it may even be wrong, but I'll share what I have discovered through my observation and maybe others can add or disagree or agree or whatever.
. . . .

If anything isn't clear, let me know and I'll try again.
And to others, if anything I wrote is incorrect, please let me know.
Thnx


Perhaps you could go to es/pips z/l,pa thread and post some charts.

You never know MO may even take pity on us.

Using Z/L logic, to me a target is where a breakout trader (first entered the opposite move) and has not had is profit zeroed out.

As MO says, if you can see profit you can see loss.
As es/pip says, take your profit or I will take it from you.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Fri Oct 07, 2011 2:12 am

"Is no right or wrong, only +$ /-$, profit/loss(TRO). (or consequences)"

Exactly! We could all have slightly different ways to define it but we could all also make +$ :)
Life is just a journey

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Oct 07, 2011 3:21 am

There is no wrong way to skin a cat...yada yada...same place next year ;)

I know that longer term trading can be painful, but if you do as I say with real dollars & paper trade your deviations then we can move you toward your goal of making money =)

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Oct 07, 2011 4:37 am

Don't get flustered, I am only jking ;)

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Fri Oct 07, 2011 5:30 am

If you are not yet a consistent trader, you should be paper trading ONLY.

"But you can't feel the emotions of trading real money!"

"Yeah, but try that in a LIVE account and you won't be able to do it!"

NO MONEY is REAL MONEY, the numbers in your demo account are just as real as the money in your own account.

If you don't agree, then I suggest you change your BELIEFS...

You must learn to DEVALUE MONEY before you can make money.

If you are going to lose money, it makes the most sense (as in cents), to not lose your own money...

It is either your money or not your money.

IMHO

:)
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Fri Oct 07, 2011 6:07 am

NEVER DOUBT your ability to SUCCEED.

I would say the biggest RISK you can take is QUITTING...
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”