Dieselboy's Zlines

[es/pip]

i don't know about all that


anchor your lines to the candle you are basing them off of

so i can see what you are basing your decisions off of

[dieselboy101]

My bad bro its the bear candle at 00 gmt time.

Diesel

[es/pip]

i still dont see it

post another chart and anchor the line off the candle u r using

trying to understand why you would short that low on the move

and why you would go long there based on the m15

[dieselboy101]

I'm not home yet but wen I get home I will post another chart. Sorry about the confusion broda lol

Respect,
Diesel

[Kenyuki]

Hi dieselboy101,

I hope you don't mind me asking:

- Is there any specific reason why you chose USDJPY and EURJPY?

- What is your money management?

- Who's your daddy?...Aaah, I mean broker

Cheers,
Ken.

[dieselboy101]

Es/pip- I'm not home yet (I hate my job lol) but when I get home I will draw the line from the bar where I entered.
Kenyuki- right now I'm only doing 10 cents a pip since I'm kinda new at zlines, I use those pairs and eurusd and gbpusd ONLY cuz spread is lowest. Also I use forex.com as me broker.

[dieselboy101]

for Es/pip (I thank you for taking the time to help me bro)

M15 chart

[dieselboy101]

now on the M5 chart!



So maybe im thinkin i need to wait for m5 candle to close and see if there is momentum? Yet that would probably get me in lower than what I got in before....

[dieselboy101]

in regards to your "why would you go long"... I believe it would be called a reversal?? off the zline. I wish I knew who said it on the "Never lose again" thread...

Much respect,
Diesel

[es/pip]

ok i kind of see now


not saying it is wrong

you just want to make sure you try and get long or short of the first chance---earlier in the move---- the lower/higher carries more risk