es/pip wrote:bettlebox wrote:Hi,
heres a play at 4 hour time frame blows out stop loss. That be big loss.
i sure havent grasped something important about these zlines.
any comments please on how you of if you would played this?
when you post a chart for zl/mz or s/r extremes--- and looking for comments----- just use a blank chart with nothing else on it---- easier to see whats going on that way
when you say "Blows out stop loss"
are you saying you would have been long in that? no reason to be long yet from where you are looking at
hindsight---- but this is what i would have been thinking
big black bar moves down creates MZ =blue rectangle. would be looking for short in that area and targeting extreme on the first black line
would be looking at that extreme and the other one marked in black--- playing long and targeting first red line----- may have gone short off that extreme and taken a small loss
then i would take longs off the yellow lines and targeting the high upper red line
looking for shorts off the upper green line and looking for the extreme -- lower green line
This is how I see it es/pip (not that there is anything wrong with the way you see it ) :