Never Lose Again

[MightyOne]

I've been trading ZLines like it's 2009. Does exactly what it says on the tin: Never lose again.
Come on, there must still be some ZLiners out there.
...

Pattern break-ins and ZL are the same thing; same strategy, different explanation.

It used to look like the attached picture: I would have people create a zone and then I would tell them to simply draw a line
through the zone and that would result in a line that is close enough to the pattern to be tradable.

Whether you use a 'rock-box' or a close or an MZ it is going to be roughly around the same area.

But why would someone go back to 2009 posts? That's like asking a younger version of yourself for wisdom...

mz.png (6.78 KiB) Viewed 5906 times

[PhilipLangford]

Pattern break-ins and ZL are the same thing; same strategy, different explanation.

It used to look like the attached picture: I would have people create a zone and then I would tell them to simply draw a line
through the zone and that would result in a line that is close enough to the pattern to be tradable.

Whether you use a 'rock-box' or a close or an MZ it is going to be roughly around the same area.

But why would someone go back to 2009 posts? That's like asking a younger version of yourself for wisdom...

mz.png

I guess reading NLA is like reading LOTR. You get lost in that world and start to identify with the characters
Ah okay so the pattern is formed on a lower tf within the candle, somewhere in the MightyZone. A bit of spacial intelligence condenses the pattern + breakout into the candle image with the randomly placed Zline?

I see that all over my charts now.

[aliassmith]

I've been trading ZLines like it's 2009. Does exactly what it says on the tin: Never lose again.
Come on, there must still be some ZLiners out there.
Coming off a D1 Zline:

ZL is the foundation of all my trading thought process. Thanks MO for helping me think outside the box.

Where did it come from and where did it go?
Who has the profit and who is looking for the door?

[PhilipLangford]

I've been trading ZLines like it's 2009. Does exactly what it says on the tin: Never lose again.
Come on, there must still be some ZLiners out there.
...

Pattern break-ins and ZL are the same thing; same strategy, different explanation.

It used to look like the attached picture: I would have people create a zone and then I would tell them to simply draw a line
through the zone and that would result in a line that is close enough to the pattern to be tradable.

Whether you use a 'rock-box' or a close or an MZ it is going to be roughly around the same area.

But why would someone go back to 2009 posts? That's like asking a younger version of yourself for wisdom...

mz.png

I know you've all beaten this to death and back 1000's of times over, but no matter how many times you beat it, it still makes money.
There's a gap, some momentum towards it (remembering TRO's fade the gap from back in the day), a spike back to the MZ and Bob's your uncle.

[MightyOne]

I know you've all beaten this to death and back 1000's of times over, but no matter how many times you beat it, it still makes money.
There's a gap, some momentum towards it (remembering TRO's fade the gap from back in the day), a spike back to the MZ and Bob's your uncle.

Is Bob being your uncle a good thing?

You got it, what makes it hard is when people don't bend:
when they have to use an 8 pip stop or target so many pips whether the daily range is 40 or 400.
Do you have to make it your way or do you just want to make it?

There is a line width and a chart where a trade makes money and there is a line width and a chart in which you don't; and it is different from chart to chart and from session to session.

If your brain is telling you to tackle a trade with an H4 width then you should probably start at that size; you can always double down to an H1.

[TheRumpledOne]

Something I learned decades ago:

http://www.artofmanliness.com/2017/10/2 ... nliness%29

[PhilipLangford]

Why stop trading at the weekend? Here's today's (Saturday) bitcoin Zline trade. +99 pips despite a 20 pip spread and 6 pip commission.
There is an ocean of held profit underneath, but I had to go out for groceries + spend time with family

[Mira]

Why stop trading at the weekend? Here's today's (Saturday) bitcoin Zline trade. +99 pips despite a 20 pip spread and 6 pip commission.
There is an ocean of held profit underneath, but I had to go out for groceries + spend time with family

Somehow i SEE your entry, nice one!

Do you know if is there a broker giving BTC demo?
Trading the weekend has been a wild dream so far

Thanks

[PhilipLangford]

Somehow i SEE your entry, nice one!

Do you know if is there a broker giving BTC demo?
Trading the weekend has been a wild dream so far

Thanks

Whaleclub offers a bunch of crypto's to trade all through the weekend. This trade was on Instaforex with whom you can trade demo and is a fixed spread bandido, but there's something to say about that:

They offer a 200% bonus on signup and 35% every other time you deposit. That's non withdrawable, but any profits you make on top are yours. If you do your sums you can totally offset the nasty spreads they have (3 pips+ on FX majors), by regularly making withdrawals and redepositing after every 100 trades or so.

It's all swings and roundabouts in the end.

[Leoheart]

Hey Tro,

Have you ever ran frequency distribution on the weekly candle wicks pertaining to rat zone setups? I am going over some of Mo's space posts and I think stats on weekly wicks can help here. So Daily candle we use 20 pips. How about weekly?

Also, how do you run frequency distribution? Can you show us how? Sorry, If you already went over this in previous posts.