Never Lose Again

[prochargedmopar]

Ok, forget all those angles for a moment.
This I see as a classic upthrust and MOMO reversal for us MO101 practitioners/freshman.

Let's assess.
A= A larger correction that did not return to the extreme.
Action= SELL
B= Bottom of bucket/double bottom/s/r bounce, ect that was penetrated......= continuation
C= An even larger correction....= watch closely.
D= A price level that did NOT return to the extreme
Action= BUY to cover.

Is this correct??

[prochargedmopar]

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL

[es/pip]

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL

Will you give me your brokers phone #,I want to call him, and have them disable the m1 function on your mt4 software.

[monolisa]

LOL! I think es/pip is right

Just remember that you made the trading decisions on the M1 chart retrospectively. Can you make the same decision and hold on to your winner when you trade M1?

Lis

[dragon33]

Excellent Dragon, excellent....

A simple question here.... what stopped you from entering short 1 or 2 pink candles before the one you are signaling?

I was aiming for that same trade, but entered 2 pink candles before you (the one with more momentum), was in profit about +20 but price came back and got stopped out on that long wick on the following blue candle.

It will be interesting your opinion on this particular point (just don't tell me "because I was sleeping" LOL).

Cheers

Here is the foto how i managed to gain a tremendos income just by waiting a few days.

On the picture you can see where my arrow was placed. The reason why i took the trade there? I was looking for lower high's and the next candles showed lower high's.

My entry shown on the picture is a perfect zero entry on the M30 chart. That's the only reason why i got in there!
Here is the picture and now you will understand my decision!

[prochargedmopar]

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL

Will you give me your brokers phone #,I want to call him, and have them disable the m1 function on your mt4 software.

Ok funny guy,
It's 1-800-7.....
Well, I better not or you might be getting a knock at your door from some shady characters in black coats.....think about all the commisions you'd be taking out of their pockets.
LOL

[dragon33]

Question for Monolisa:

Is it possible to right an alert when price almost approach a MZ of your MZ indi?

[blubbb]

This is my version of MightyZones. Tell me if the alert is correct and I'll put it in my indi thread.

[MightyOne]

P.S.,
I knew it was possible to trade the M1 chart.
CHEERS!!!!

Oh, and (D).= buy again and watch corrections on the way back up......

LOL

It is not possible to trade the M1 chart

All decisions are based on: Hours, days, weeks, months, & years.

When watching the hourly you might look at the M1 to place a limit order, but after that you are not looking at the minute chart for at least the next 20 minutes.

[MightyOne]

202 Lesson 2: Proportions

A 90* angle would have a channel width of how many pips?

ZERO!

A 15* angle would have a channel of how many pips?

More than 30, 45, 60, & 75* angles.

Out of 18 possible angles the chart is most likely to run at an angle between 25 & 65 degrees.

25-30-35-40-45-50-55-60-65

Of these angles the chart will be running at 2 of 3 angles within a group of angles:

25-30-35

40-45-50

55-60-65

By considering the size of the channel captured by an x* angle one can narrow the possibilities down significantly and make a high probability guess as to what the chart will do in the future.

(This is one of those you get it or you don't posts...I am not taking questions at this time)