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newscalper
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Postby newscalper » Tue Apr 09, 2013 7:00 pm

Image
Should have held out as price still closing above my lines from M5 but, not half bad :lol:

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FXfreak
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Postby FXfreak » Tue Apr 09, 2013 8:16 pm

doji, are my short zlines correct?

looks like short might be soon on the way....

i hope so... ;-)
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newscalper
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Postby newscalper » Tue Apr 09, 2013 9:02 pm

Almost
Image

Refer again to my 'this is not a line' graphic and read the text. Why is your top line, not a line unti at least the current candle closes?

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Postby FXfreak » Tue Apr 09, 2013 9:20 pm

because we need a red candle for confirmation after my zline broke?

:-)

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Postby LegendofZline » Tue Apr 09, 2013 9:22 pm

dojirock wrote:So far so good Legend.

This is the same chart showing long bias.
Im short to countertrend.
See how on the 15 min there are no long zlines, only short ones.
We need to see how far price will retrace.


Doji would you be in a counter trend trade on EU right now? break of 15zline up shorting toward 30min bias

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Postby newscalper » Tue Apr 09, 2013 9:54 pm

FXfreak wrote:because we need a red candle for confirmation after my zline broke?

:-)


No. At the time of posting, your top line was not a z line.
The lower had not broken, a singe M30 bar breaking a zline you drew from M30 is not significant enough to signifiy a break.

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Postby newscalper » Tue Apr 09, 2013 9:59 pm

Image

You need to refer to the graphic I keep posting 'this is not a line' and keep referring to it until you get it. :D

See the bottom line? That did not exist until ...13:00
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Postby newscalper » Tue Apr 09, 2013 10:04 pm

You now have a decent hourly close below something...thinking short..but short into what?

Image

Is there enough range there for you to make anything.

Personally I'd wait for the close below the lower line because then it should fall.

Up lines broken by down bars = short
Down lines broken by up bars = long

Price has just broken one up line (good) but there's still an up line right below it.
It's now 11pm, going into Asia...wonder if there's gonig to be any volume or if it's just going to bounce around in this area?

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Postby pariah » Wed Apr 10, 2013 3:39 am

During the last month, the most distressing aspect of trading higher tfs was the SL variable. I didn't like the thought of drawing down 15-20 pips to have it hit my SL.

Decided that a single tf m5 is enough. Take 5 -10 pips at a time, risking only a couple.

I'm a scalper. I like taking money off the table as soon as I see it. I don't like to lose, but when I do, I want to give as little back as possible.

Goal: 100 pips a day

How to get there:
a) Standard SD rules + odd enhancers

b) Make upwards of 20 trades per trading session.

I don't want to intrude on doji's thread, so I will probably start my own.

*Tight stops is my happy place* lol.
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LegendofZline
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Postby LegendofZline » Wed Apr 10, 2013 5:18 am

Doji,

So basically we are trading towards zline and trading away from zline?

smaller tf shows the way... larger tf confirms direction.

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