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the key to the mint

  • #3,021
  • Mar 10, 2008 3:42am Mar 10, 2008 3:42am
Quoting andrewb7
hi again,

sorry 4 the questions guys but the zig zag is there another name for it my charts have it but the options dont give me the chance to do 12,5,3 or 6,5,3?

cheers andrew
What charts are you using? if your charts aren't good enough you can do what I did and create a demo account with interbank fx. use interbank charts but trade with my nrmal broker. Their charting platform is sweet and desn't take ages to load like most.

As for drawing your fib... You have 3 points (I'd show you a picture but im not sure how to load them on here)

Lets say is an up trend...The 1st point is the low swing point the 2nd point is the high point and the 3rd point is the retracement. It's hard to explain in words but easy in practice

To draw your fib with the fib expansion tool you basically drag it from point 1 to point 2 to point 3 and it gives you your expansion levels

To draw it with a fib retracement tool you just drag it from point 1 to point 2

You can use either one and they will give you the same target projections

So basically you drag it from low to high in an uptrend and high to low in a down trend

Does this make sense?
Time hides Nothing
  • #3,022
  • Mar 10, 2008 4:23am Mar 10, 2008 4:23am
Hi ,
I was just wondering could anybody please put the template for MT4 here.
I am new and I don't know really what is the MA's in this system.

Regards
Mike
Failure, is a wonderful teacher!
  • #3,023
  • Mar 10, 2008 4:28am Mar 10, 2008 4:28am
thanks cindyxxxx

andrew.
Survive & Preserve
  • #3,024
  • Mar 10, 2008 4:45am Mar 10, 2008 4:45am
Quoting mike1349
Hi ,
I was just wondering could anybody please put the template for MT4 here.
I am new and I don't know really what is the MA's in this system.

Regards
Mike
Here ya go never done this before so let me know if t works
Attached File(s)
File Type: tpl mint.tpl   5 KB | 641 downloads
Time hides Nothing
  • #3,025
  • Mar 10, 2008 5:08am Mar 10, 2008 5:08am
Quoting CindyXXXX
What charts are you using? if your charts aren't good enough you can do what I did and create a demo account with interbank fx. use interbank charts but trade with my nrmal broker. Their charting platform is sweet and desn't take ages to load like most.

As for drawing your fib... You have 3 points (I'd show you a picture but im not sure how to load them on here)

Lets say is an up trend...The 1st point is the low swing point the 2nd point is the high point and the 3rd point is the retracement. It's hard to explain in words but easy in practice

To draw your fib with the fib expansion tool you basically drag it from point 1 to point 2 to point 3 and it gives you your expansion levels

To draw it with a fib retracement tool you just drag it from point 1 to point 2

You can use either one and they will give you the same target projections

So basically you drag it from low to high in an uptrend and high to low in a down trend

Does this make sense?

hey cindyxxxx
i use dealbook 360 it doesnt havefib expansion it has fib retracement,but normalyy u would drag this from 2 down to 1 in an uptrend to find 3,i hope that make sense

cheers andrew
Survive & Preserve
  • #3,026
  • Mar 10, 2008 5:17am Mar 10, 2008 5:17am
Quoting andrewb7
hey cindyxxxx
i use dealbook 360 it doesnt havefib expansion it has fib retracement,but normalyy u would drag this from 2 down to 1 in an uptrend to find 3,i hope that make sense

cheers andrew
oh yeah i gotcha - you drag it backwards to get the extension.
Time hides Nothing
  • #3,027
  • Mar 10, 2008 5:25am Mar 10, 2008 5:25am
Quoting CindyXXXX
oh yeah i gotcha - you drag it backwards to get the extension.

unfortunately it gives me different targets,what do u need 2 set them @??

thanks for ur help
andrew
Survive & Preserve
  • #3,028
  • Mar 10, 2008 5:44am Mar 10, 2008 5:44am
Quoting andrewb7
unfortunately it gives me different targets,what do u need 2 set them @??

thanks for ur help
andrew
The retracement fib target levels are still good the 161.8 and 261.8 they still work well with this system... I use them myself

I'm not sure if you can program the settings on the retracement fib to work the same way as the expansion fib because the expansion levels are 100.0 61.8 and 161.8.

If you pull both a retracement and expansion fib over the same 1 2 3 swing the 61.8 161.8 and 100.0 end up in different places...

maybe someone else knws more aout this but anyway the retracement targets can work ust as well. I actually prefer them.
Time hides Nothing
  • #3,029
  • Mar 10, 2008 5:51am Mar 10, 2008 5:51am
Hey Andrew I better add that I don't use the standard settings so I can't really vouch fr them I use 1.382 for target 1 and 1.618 for target 2

try it out works for me!
Time hides Nothing
  • #3,030
  • Mar 10, 2008 6:08am Mar 10, 2008 6:08am
Quoting CindyXXXX
Hey Andrew I better add that I don't use the standard settings so I can't really vouch fr them I use 1.382 for target 1 and 1.618 for target 2

try it out works for me!

thanks cindyxxxx

i use the 1.618 it looks like that target worked well with the gbp/jpy 2nite so i might keep using that one.

cheers 4 ur help though

andrew
Survive & Preserve
  • #3,031
  • Mar 10, 2008 7:23am Mar 10, 2008 7:23am
well here are the 3 results of the potential trades i posted yesterday here are the charts you be the judge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 44 KB
Click to Enlarge Name: 2.GIF Size: 40 KB
Click to Enlarge Name: 3.GIF Size: 43 KB
  • #3,032
  • Mar 10, 2008 9:09am Mar 10, 2008 9:09am
well any comments about these setups i showed yesterday that were all winners? i am over in the trading room if you want me to explain the setups again
  • #3,033
  • Mar 10, 2008 9:16am Mar 10, 2008 9:16am
Harold,

I can see that u have been trying to explain the new modification to the previous method but surprinsingly, am not getting it.

Is there anyway u can fix a time in the chat room where we learn from the master himself.

Thanks
  • #3,034
  • Mar 10, 2008 9:25am Mar 10, 2008 9:25am
Quoting harold4x
well any comments about these setups i showed yesterday that were all winners? i am over in the trading room if you want me to explain the setups again
I would love it, but I cannot get to the chat room at work (firewall, I guess). I understand the basics of 1-2-3s but I am not clear on the timing you are using. For example, your #1 point is prior to the trading times you look for. Or, are those times different now...or, is this ok as long as the break below #2 occurs during your preferred trading times?

My other question is relating to the use of the indicators in conjunction with the 1-2-3 set up. Which do you look for first? The indicators giving the buy/sell signal then the break of #2 or a break of #2 followed by the indicator signals (it may be that the indicators will not signal unless there is a break).

Finally, I take it that the Fib extensions are for profit targets, correct?

Thanks, I have been having great success with the original system and, so, want to make sure I am understanding this iteration!!

Great stuff!
  • #3,035
  • Mar 10, 2008 9:41am Mar 10, 2008 9:41am
Quoting CindyXXXX
Here ya go never done this before so let me know if t works
Thanks Cindy,
Here is my screen shot.I hope it's ok.

Regards
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Failure, is a wonderful teacher!
  • #3,036
  • Mar 10, 2008 10:08am Mar 10, 2008 10:08am
Quoting harold4x
well here are the 3 results of the potential trades i posted yesterday here are the charts you be the judge
GREAT STUFF.
  • #3,037
  • Mar 10, 2008 11:28am Mar 10, 2008 11:28am
Hi Harold, You should Post in "Point Form" clearly the Rules
of The Key to the Mint. 15min System.
My Email For Help: [email protected]
  • #3,038
  • Mar 10, 2008 12:50pm Mar 10, 2008 12:50pm
Thats a good idea TCMM..

Chart setup and exactly what to look for would be great. If you could do that Harold it would be most appreciated!
  • #3,039
  • Mar 10, 2008 1:27pm Mar 10, 2008 1:27pm
Hello Harold,

Just wanted to say that following your revised 15 Min. method, I believe your system will work well with any pair as long as you have patience and let price action show it's hand.

Again, thank you.....T-Wolf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy mint.gif Size: 27 KB
Click to Enlarge Name: kiwi mint.gif Size: 26 KB
  • #3,040
  • Mar 10, 2008 2:07pm Mar 10, 2008 2:07pm
Quote
Hello Harold,

Just wanted to say that following your revised 15 Min. method, I believe your system will work well with any pair as long as you have patience and let price action show it's hand.

Again, thank you.....T-Wolf

TW, I can see that u are doinh real good, can u give the rules for trading the mint at the 15mins time frame using 123 swing mode and the things u watch out for.

Thanks
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