PA, S/R, ZL, EXTREMES & MOMO

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dojirock
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Postby dojirock » Sun Aug 21, 2011 2:48 am

Hey mob,

here is an example:

http://kreslik.com/forums/viewtopic.php ... c&start=20

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mob
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Postby mob » Sun Aug 21, 2011 2:54 am

Thanks doji, comp-letely missed the whole thread but examples on that page do not seem to use 3cc's or am I wrong?

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Postby erika_bb » Sun Aug 21, 2011 12:18 pm

In the attached image, the green shift is the one that has moved the farthest in the latest up move

but before that it was red on the way down, in this case, red used to be the leader and the green shift would now be the new leader

so does being the leader mean it acts as the body in the single tf while the other two shifts, red and grey acts as wicks?
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MightyOne
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Postby MightyOne » Sun Aug 21, 2011 2:36 pm

I do not trade systems, I rely on my ability to determine what a move means by considering several factors

Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.

An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.

Ideas are at work on several tf's at the same time.

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Jalarupa
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Postby Jalarupa » Sun Aug 21, 2011 4:52 pm

And the higher the time frame the bigger the move away from S&R once there has been a rejection... Don't tell me you never saw this coming...:P

Image

That's when we like hit it with a big stick (creative position sizing)... :P
"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..."

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Postby aliassmith » Sun Aug 21, 2011 5:23 pm

Jalarupa wrote:And the higher the time frame the bigger the move away from S&R once there has been a rejection... Don't tell me you never saw this coming...:P

Image

That's when we like hit it with a big stick (creative position sizing)... :P


probably a move that would have trippled your account :shock:
Trade Your Way as Long as It Makes Money!

EDM
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Postby EDM » Sun Aug 21, 2011 6:17 pm

MightyOne wrote:I do not trade systems, I rely on my ability to determine what a move means by considering several factors

Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.

An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.

Ideas are at work on several tf's at the same time.


Hi MO is this somehow similar to what you look for when you analyse through diffrent time units ? also do you combine candles for such time frames or you do that on low tf (hours) only ? thanks for the anwser

Image

Image

Image

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MightyOne
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Postby MightyOne » Sun Aug 21, 2011 6:58 pm

Most of the time my trading is just Space & Position like so:

http://tinypic.com/view.php?pic=23lidrm&s=7

I'll answer the other questions later on today.

EDM
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Postby EDM » Sun Aug 21, 2011 9:01 pm

MightyOne wrote:Most of the time my trading is just Space & Position like so:

http://tinypic.com/view.php?pic=23lidrm&s=7

I'll answer the other questions later on today.


Could you specify the pair and tf ...so I can better study this case .

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MightyOne
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Postby MightyOne » Sun Aug 21, 2011 10:18 pm

In Sept. when I ruturn, I will go in to greater detail.

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