LeMercenaire wrote:Welcome aboard. It's actually a good time to do so, as the holidays are steaming in fast, so time to read as much as possible and trade as little as possible, lol.
Happy to tag along and do what I can to help you on your journey, if I can.
Once the NY kicks in, I'll get myself back up to full speed but any questions, ask away, as I will still be popping in pretty much every day.
Hey, thanks for posting Lem! I appreciate it.
Mira wrote:If price made a HH then it’s going up to me.
Then you have a pullback, it tends to happen at the breakout line, at the 50% of the move or at the 0%/demand level/zline.
After in the trade every opposite S/R is a decision point: take profits or not?
How do i trade it: i go down by one or two timeframes and I wait for a smaller setup away from my line.
The smaller setup offers me a line too, I’m going to use this last “smaller” line to open/close the trade.
Thanks. I don't want to get too caught up in the possible trades just yet, but this is useful. Having someone that uses zlines helps. I never tried to draw them, maybe because I never really understood them . I'd like to though.