Dieselboy's Zlines

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dieselboy101
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Postby dieselboy101 » Fri Oct 30, 2009 12:34 pm

hahahaa thats good stuff. when I get home on my break from work i will be posting charts of the only trade i took and also a chart of a trade i ALMOST took.

Much respect,
Diesel
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dieselboy101
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Postby dieselboy101 » Fri Oct 30, 2009 5:21 pm

So here is a trade I ALMOST took..Before 8 pm est, or 00:00 gmt, I saw price slowly creepin up so I was lookin for momo to the downside..The only reason why I did not take the trade is because pirce didnt retract away from the zline enough. Then I also show where I did take a trade and made some decent pips.



Anyone (es/pip? PTG? lol) please comment, give me thoughts and or lectures on anything.

Many thanks,
Diesel

dieselboy101
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Postby dieselboy101 » Fri Oct 30, 2009 5:23 pm

dang my text in the pic is very blurry, next time I will increase the font size. My bad haha

Respect,
Diesel
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es/pip
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Postby es/pip » Fri Oct 30, 2009 6:38 pm

dieselboy101 wrote:So here is a trade I ALMOST took..Before 8 pm est, or 00:00 gmt, I saw price slowly creepin up so I was lookin for momo to the downside..The only reason why I did not take the trade is because pirce didnt retract away from the zline enough. Then I also show where I did take a trade and made some decent pips.



Anyone (es/pip? PTG? lol) please comment, give me thoughts and or lectures on anything.

Many thanks,
Diesel


i don't see anything wrong with that, i would mark the 2nd line off the preceding candles low to show the held profit as you are just showing a 50% line of the momo candle
Bend over and assume the position for another 4 years of hope and change.

dieselboy101
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Postby dieselboy101 » Fri Oct 30, 2009 7:36 pm

better?


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dieselboy101
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Postby dieselboy101 » Fri Oct 30, 2009 7:39 pm

and ya really dont see anything wrong with the trade?? Happy_Smile thanks bro! that was a boost of confidence

Much respect,
Diesel

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Postby PTG » Sat Oct 31, 2009 2:43 am

Good stuff !

Patterns like that happen all the time on all time frames. They are low risk to trade; you could put in a sell limit order where you draw the white line with a small s/l If it works, it works. If it doesn't, you look for another opportunity. Do not chase price, lol !
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dieselboy101
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Postby dieselboy101 » Sat Oct 31, 2009 4:36 am

ya i never really though about looking for moves in the opp direction...always thought to go "with the flow" but ever since es/pip told me that stuff i see em everywhere!

Much Respect,
Diesel
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adaseb
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Postby adaseb » Sat Oct 31, 2009 8:11 am

There is a blubbb MightyZone indicator that you can use to plot these ZL for you.

You don't need it but it makes it easier to spot a ZL if you flip thru the different currencies and time frames.

dieselboy101
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Postby dieselboy101 » Sat Oct 31, 2009 11:34 am

oh yea? does it plot the low of the previous candle, or does it do the 50%?
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