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Sandra
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Postby Sandra » Wed Nov 12, 2014 3:42 am

Mo,

Is this how to figure 2x extremes?
I used 3 candles and its the highest high and lowest low.

S
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MightyOne
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Postby MightyOne » Wed Nov 12, 2014 6:32 am

Not counting the current candle, if you can look back and see that an extreme is the highest or lowest price over a two day period then you have a 2+ day extreme.

If the current candle is even higher/lower than that then it becomes the 2+ day extreme.

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kate682
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Postby kate682 » Wed Nov 12, 2014 8:34 pm

When posting pics to this thread I would appreciate it if you place them in quotes using: quote and then /quote, placing each in [] and placing the link in the middle.



Good Evening MightyOne :-)

I'm finding the concept of space from an extreme very powerful. My 'space' is the H4 order block and entries within it, trading them out, or closing new entries if price starts retreating, to higher my average + stop points. Do you mind letting me know if this is right?

Also, where I have the dash-aqua line (noted as too clean a level) is that your ZLine?

Thanks, Kate xx
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Sandra
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Postby Sandra » Thu Nov 13, 2014 3:39 am

MightyOne wrote:Not counting the current candle, if you can look back and see that an extreme is the highest or lowest price over a two day period then you have a 2+ day extreme.

If the current candle is even higher/lower than that then it becomes the 2+ day extreme.

Image


In this example, it was a 2 day extreme and the new day pushed thru the previous extreme thus making a new 2 day extreme. That push is what you used to refer to expansion?

S :?:

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alexi13
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Postby alexi13 » Thu Nov 13, 2014 12:25 pm

Hello everyone :)

I have been a silent reader of this forum for quite sometime. I think the time has come to write something.

I would like to thank all of you for posting here becouse it really helps me in my forex journey. I would especially like to thank MightyOne. It was great adventure to compare all your charts and connect the dots. I still know little but your posts regarding 2day extremes hit me like a ton of bricks and opened my eyes wider. At least I think so ;) You can prove me wrong verifying my analysis below, which I would highly appreciate.

Here is my H4 analysis (including attempt to use triangles as a confluence):
Image


And M30 with entry markings:
Image

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MightyOne
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Postby MightyOne » Thu Nov 13, 2014 3:53 pm

alexi13 wrote:Hello everyone :)

I have been a silent reader of this forum for quite sometime. I think the time has come to write something.

I would like to thank all of you for posting here becouse it really helps me in my forex journey. I would especially like to thank MightyOne. It was great adventure to compare all your charts and connect the dots. I still know little but your posts regarding 2day extremes hit me like a ton of bricks and opened my eyes wider. At least I think so ;) You can prove me wrong verifying my analysis below, which I would highly appreciate.

Here is my H4 analysis (including attempt to use triangles as a confluence):
Image


And M30 with entry markings:
Image


You are doing everything right save your space being too small for an M30 entry. :wink:

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MightyOne
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Postby MightyOne » Thu Nov 13, 2014 4:23 pm

Sandra wrote:
MightyOne wrote:Not counting the current candle, if you can look back and see that an extreme is the highest or lowest price over a two day period then you have a 2+ day extreme.

If the current candle is even higher/lower than that then it becomes the 2+ day extreme.

Image


In this example, it was a 2 day extreme and the new day pushed thru the previous extreme thus making a new 2 day extreme. That push is what you used to refer to expansion?

S :?:


Yes.

& the sweet spot for strong positions/stops is 48-56 hour extremes because they can easily carry over to weekly/monthly extremes.

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MightyOne
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Postby MightyOne » Thu Nov 13, 2014 5:58 pm

Kate,

Do all the simple things first:
---------------------------------------
1.

The first thing I do is spend 10 seconds on each chart from highest to lowest:
MN, W, D, H4, M30, M5

Hit the 'enter' key, type a new c-pair and again click from highest to lowest.

One of the worst feelings is sitting there thinking 'had I only saw that...'

2.

Next I try to use the smallest space to hitch a ride on the largest charts.

I start at the smallest space and am reluctant to enlarge the box :(
starting at 15-22.5, 30-37.5, 45-52.5, and so on.

3.

With position out of the way I am thinking LOT SIZE!

4.

POSITION!

Remember those monthly and weekly charts?
Where do my multi-day stops rest on those charts?
Do I need to strengthen my position?

5.

LOT SIZE!

6.

%Target.

LIQUIDATE

-------------------------------------


All of that is at least 2x more important than

triangles/channels & z-lines.

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Captain Pugwash
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Postby Captain Pugwash » Thu Nov 13, 2014 6:07 pm

MightyOne wrote:
alexi13 wrote:Hello everyone :)

I have been a silent reader of this forum for quite sometime. I think the time has come to write something.

I would like to thank all of you for posting here becouse it really helps me in my forex journey. I would especially like to thank MightyOne. It was great adventure to compare all your charts and connect the dots. I still know little but your posts regarding 2day extremes hit me like a ton of bricks and opened my eyes wider. At least I think so ;) You can prove me wrong verifying my analysis below, which I would highly appreciate.

Here is my H4 analysis (including attempt to use triangles as a confluence):
Image


And M30 with entry markings:
Image


You are doing everything right save your space being too small for an M30 entry. :wink:


MO would you have tucked the space up to the H4 candle bodies? - therefor giving more wiggle room?

Or do you have some other ball park criteria for space/candle time ratio

Effin nice trade Alexi :) :)
"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

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MightyOne
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Postby MightyOne » Thu Nov 13, 2014 6:42 pm

See if this helps Captain:

Image

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