ZLINES...

[LeMercenaire]

Good morning thanks for letting me join. Today was a good day made +13 after news slowed down.

This is how I have been trading or at least my rules for entry/exit. First chart audusd hour candles all up, I draw my line in the sand under each open and follow it up.

As soon as I get a M15 close below in this case I start looking for entry. Normal non news days I will wait for price to come back to the line or close to get in. I watch price action on m5 if I start getting rejections before the line I will enter.

For targets I use H4 zline. Today first H4 zline was 15 pips away minus spread I took +13.

My exit is a M5 close across my line in the sand or I see M5 showing reversal. Today with NFP it moved pretty fast to my target.

This is very close to a basic Fund technique called ''Cap-and-Follow''. Very simple and effective.

[brettnchrism]

Last trade for the week, audusd close above hour down bar, m15 closed above the line pull back to line enter long, good for 10 pips, i only got 5 as it was stalling at about a 20 pip target to the left was a swing high.

LeMercenaire I have never heard of that but will do some research, thanks.

[arkan1976]

Last trade for the week, audusd close above hour down bar, m15 closed above the line pull back to line enter long, good for 10 pips, i only got 5 as it was stalling at about a 20 pip target to the left was a swing high.

LeMercenaire I have never heard of that but will do some research, thanks.

nice and simple charts!

[westcountry]

Hi Brettnchrism,

Cool charts and way to use High Time Frame & Lower Time Frame and relationship with Zlines.
Can you please share more examples of that?
It is inspiring to me and opening my eyes to seeing things a bit different.

Thanks and all the best,
West

[brettnchrism]

Hi Brettnchrism,

Cool charts and way to use High Time Frame & Lower Time Frame and relationship with Zlines.
Can you please share more examples of that?
It is inspiring to me and opening my eyes to seeing things a bit different.

Thanks and all the best,
West

Sure thing here is today GU short trade, M15 closed below the up greeen candle, I enter on the black line where second arrow is on M15. Took +12 pips on this trade.

[westcountry]

Awesome, Thanks, absorbing!

[brettnchrism]

Here is a live UJ short I just took. Blue line is the hour line M15 closed below you can see where I entered orange down arrow.

[westcountry]

Right...yes, very nice. Good trading! And thanks for sharing.

-West

[arkan1976]

nice charts Guys !
thanks .

gbpusd

[arkan1976]

the first trade ,I dont know what I was thinking....

the white line was a trade wich I could not to take, I was working....

Finally I get one

But i continue thinking in long....