The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 451
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 86
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Fri Jul 04, 2014 7:24 am

xXx wrote:By "sticking" Captain do you mean ranging?


No - price hugs the top of the Ladle - this encourages the belief that the top will never break

More and more sellers pile in - and put their BUY stops above the line

Thus - when the price breaks up the pressure on price to move is immense.

i.e. both the short traders with their buy stops and B/O traders are buying.

sorry if I'm not making sense - I know what i mean anyhow :)
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 451
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 86
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Fri Jul 04, 2014 7:34 am

Jalarupa wrote:
Captain Pugwash wrote:Thankee Jala

One problem I have is that withnail and Mo can both take the trade before the break - I seem to miss some by taking the trade only after the retest - and then its too late sometimes.

I cant seem to get the timing right - Although price does tend to "stick" before a break - I would love to hear Mo's view


I was contemplating this price action all the while before the break upwards...

Image



I first looked at it like How MO draws a range from the extreme...

And as you can see there was no retest of the range...

BUT what I realized is that there were ZLINES a plenty on the way up... (here's where the pro's get in)

Image

So I then reasoned that new or higher accumulation "could" occur (and MO has shown this before) by moving between Ranges/Steps or what we ultimately define as ZeroLines...

As you can see there was sufficient MOMO to prompt someone like Withnail or MO to trade in the direction of profit...

Image

What I found pretty fascinating... (and I'm probably complicating things here, or reading too deeply into MO's post) was that the trend line break also gave the entry...

Image

This last idea blew my mind, but then again they do say small things amuse small minds...



There are some interesting ideas there Jala - I feel the need of more markups coming on :)

I was working on WRB's (wide range bodies) that have a hidden gap that I was reading about - I am currently researching just how many of my successful trades were within these areas - and more importantly how many of my unsuccessful trades were best left alone if this PA was NOT present.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Fri Jul 04, 2014 10:47 am

Thank you guys.

I was looking at other markets and I have spotted this 8)
Are we waiting for momo here?
Attachments
2014-07-04 11_45_33-DELL (Weekly) Week 25_2011 - Week 44_2013.jpg
2014-07-04 11_45_33-DELL (Weekly) Week 25_2011 - Week 44_2013.jpg (240.7 KiB) Viewed 995 times

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Fri Jul 04, 2014 11:10 am

Am I seeing this right? What about the big red candle?
Attachments
2014-07-04 12_06_22-MSFT (Weekly) Week 22_2011 - Week 48_2013.png
2014-07-04 12_06_22-MSFT (Weekly) Week 22_2011 - Week 48_2013.png (162.91 KiB) Viewed 982 times

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 451
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 86
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Fri Jul 04, 2014 11:14 am

xXx wrote:Am I seeing this right? What about the big red candle?


the red candle is simply a liquidity gap ( it looks like it also zeroed the BO traders- they backfill easily

the green area breaks supply (pointy places) therefore important

just because a candle is long - does not necessarily qualify it as momo

jmo btw
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 217
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Fri Jul 04, 2014 12:25 pm

redart9,

He means that you can see the LARGER bodies easier because of the small bodies... which translates to ONLY the Large bodies are Important...
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5873
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1326
Gender: Male

Postby MightyOne » Fri Jul 04, 2014 2:00 pm

xXx wrote:Am I seeing this right? What about the big red candle?


MightyOne wrote:4) Do not assume, when price bends backwards, that it is automatically a sign that you are wrong. Understand the need of the market to cancel profits; if you expect something like what you are seeing then that something is not problematic, even if it goes against basic technical analysis.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5873
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1326
Gender: Male

Postby MightyOne » Fri Jul 04, 2014 2:13 pm

Captain Pugwash wrote:...just because a candle is long - does not necessarily qualify it as momo

jmo btw


That is true, context is everything in trading.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5873
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1326
Gender: Male

Postby MightyOne » Fri Jul 04, 2014 2:27 pm

xXx wrote:Thank you guys.

I was looking at other markets and I have spotted this 8)
Are we waiting for momo here?


I wouldn't trade something that has a weekly chart that has been dead for months :lol:

User avatar
Sandra
rank: 50+ posts
rank: 50+ posts
Posts: 56
Joined: Wed Jan 05, 2011 3:44 pm
Reputation: 3
Gender: Female

Postby Sandra » Fri Jul 04, 2014 7:01 pm

:(

im lost...back to reading....

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


Return to “TheRumpledOne”