ZLINES...

[arkan1976]

Hello everyone, I will start my own thread. I do not know how many times I have abandoned trading, very frustrated and then I have returned. I'm going to devote myself exclusively to zlines. The purpose of this thread is that people who master this way of trading correct me and can help me understand.
I will begin by defining concepts, as I understand it until now;
zLine : therumpledone/never-lose-again-t1373/page2870

[arkan1976]

This is my chart, I will generally use 3 pairs to wait for the price to reach the lines marked in 1h then I will change to 5min and wait a momo candle, a round to test the new momo and enter.

[arkan1976]

a Zline is a line can be drawn any where in MGZ Area.

[arkan1976]

-8 pips

[arkan1976]

eurjpy 1h

[Jalarupa]

*Subscribed*

[arkan1976]

go long

[MaximalEffort]

Hey Arkan.

If you dont mind I will join your thread so we can learn together.

I will share my personal experience and struggles:

I understand the concept of Zline/ MOMO/ Breakout., I see them on the chart, but I dont have the patience to wait.
Many times I take good trades, then lose it all forcing other trades instead of waiting for the set ups I know I have the most chances of winning. I have posted good trades on my thread. Had good runs, then *censored - swear word* it up, and lost motivation to post.

In my personal journey. Learning to wait and trade has been a bigger struggle.

MAXIMAL

[MaximalEffort]

Arkan.

In your AU trade i think you picked the overall direction of price correctly (LONG). But at the moment it was moving the oposite way.

I marked what you traded against and what I think has to be overcomed before we take the Long with more chances of success.


Hope it helps

MAXIMAL

[IgazI]

ZL is the concept that you start from the place of 'how are people going to give back their profit' in order to see how you can profit & it is simply the non-movement that is behind any move from which a person might have an expectation of greater profits.

Below is a picture of the ZL as it was originally taught:

ZorN.png (3.41 KiB) Viewed 11584 times

Here are more recent examples of the ZL:

ZL.png (89.83 KiB) Viewed 11584 times

Now you can see why MO has always hated the indicator that you are using
they are not z-lines.