PA, S/R, ZL, EXTREMES & MOMO

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

Postby paweldobkowski » Sat Sep 10, 2011 11:56 am

Ye, You're absolutely right.

When You're analysing history on one time frame price never stops in the middle of nowhere and reverses. I'm not talking about retraces but turning points. Extremes aren't in random places. So as You said, taking it as a fact it's a good idea to target important zones of same TF that Your analysis was made on or even higher in case You're in the higher time frame move. I have no idea if it makes any sense :wink:

I went flat not because of weekend but because of beeing close enough to weekly demand and because it was a long bodied candle.
im gluten free intolerant

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

EDM
rank: <50 posts
rank: <50 posts
Posts: 8
Joined: Fri Aug 19, 2011 10:17 pm
Reputation: 0
Gender: Male

Postby EDM » Sat Sep 10, 2011 1:18 pm

paweldobkowski wrote:Ye, You're absolutely right.

When You're analysing history on one time frame price never stops in the middle of nowhere and reverses. I'm not talking about retraces but turning points. Extremes aren't in random places. So as You said, taking it as a fact it's a good idea to target important zones of same TF that Your analysis was made on or even higher in case You're in the higher time frame move. I have no idea if it makes any sense :wink:

I went flat not because of weekend but because of beeing close enough to weekly demand and because it was a long bodied candle.


you could also wait next week for some PA indicating liquidation on extreme

something like that

Image

Image

EDM
rank: <50 posts
rank: <50 posts
Posts: 8
Joined: Fri Aug 19, 2011 10:17 pm
Reputation: 0
Gender: Male

Postby EDM » Sat Sep 10, 2011 1:34 pm

some more

Image

How could they support the price during the past 4 months ?

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

Postby paweldobkowski » Sat Sep 10, 2011 1:58 pm

Thanks for the input EDM.

This looks bearish also to me right now
Image

Maybe it was a little bit emotional :wink:


But I'm still happy with my exit. If it retraces up and turns back down, I'll be able to short it again on a breakout (+ - same price) or maybe even higher. We'll see.
im gluten free intolerant

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

Postby paweldobkowski » Sat Sep 10, 2011 2:13 pm

Actually I'm planning trip in october and I'm going to need EUROs so it better be f**kin bearish :shock:



:wink:
im gluten free intolerant

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: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Mon Sep 12, 2011 7:32 am

I'm not sure this indicator is working correctly...anyone else seeing wrong graphing?

Image
Life is just a journey

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1300
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 324
Location: South Africa
Gender: None specified

Postby Jalarupa » Mon Sep 12, 2011 9:08 am

What does the actual chart 'naked' chart look like?

Sorry not at my office atm
:smt065

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Mon Sep 12, 2011 9:18 am

Image
Life is just a journey

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

Postby paweldobkowski » Mon Sep 12, 2011 10:16 am

You must apply it to M1.
im gluten free intolerant

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Mon Sep 12, 2011 10:59 am

The PnF is on M1, the regular chart was M15 because that was the one that matched the PnF the closest (just to compare).

The "What is this!?" doesn't exist on the time based chart.
Life is just a journey

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


Return to “TheRumpledOne”