dojirock wrote:A break of a short zline is my entry area and is followed by a newly formed long zline shortly after. If I get a break of a long zline, then I get a confirmation of a newly formed short zline in the same time period.
Once I feel im right, I add to or hold on my position.
onontsira wrote:dojirock wrote:I also drew in a red short zline. To the left. This is what I trade. After it breaks(close above by the white) I enter long. A Couple candles later confirms my long zline telling me im ok in the direction im in. Im always trading zlines to the left?and the current one that are being drawn are my confirmation to the ones on the left that im correct.
Hi Doji,
so you trade 2 zlines at a time:
i.e. Long: you wait for a "now invalid" former short zline that confirm the long one which occurs at the moment?
Ok, so doing this way I see myself as trying to "catch the tops" or "catch the bottoms" of big moves, and then trying to go countertrend against previous high TF move. Thought it was easier to trade only non broken zlines, I mean rejections (end of pullbacks to go with the current high TF trend).
(assuming you only trade 2 different TF's, because in fact, you are always countertrend of something...)
I hope you understand what I mean...