ZL, D+ extremes, TL breaks, cones

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Mon Jan 11, 2021 2:27 pm

Hi guys - I shorted near the first arrow but exited at the 2D ZL at 126.80 as it stalled a bit.

Would you have held the short there? I wanted to hold to 126.31, the lower green line. What clues can you see?


Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2607
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 901
Gender: Male

Re: ZL, D+ extremes, TL breaks, cones

Postby aliassmith » Mon Jan 11, 2021 11:09 pm

thepark wrote:Hi guys - I shorted near the first arrow but exited at the 2D ZL at 126.80 as it stalled a bit.

Would you have held the short there? I wanted to hold to 126.31, the lower green line. What clues can you see?


Image


I'm not sure about clues but when in doubt pull some out. I can't count how many times I would have been better off closing out and re-enter at a better price. MightyOne scolded me on that in the past. I said I made 10 pips. He would say you could have made 20 by re-entering at a better price.

Price advances and returns most of the time. In addition to measuring, if you place .01 lot and observe its behavior in real time you can learn a great deal about market behavior.

I feel greed and expectations can cloud better statistically sound management processes.
Trade Your Way as Long as It Makes Money!

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Thu Feb 18, 2021 2:11 pm

hope everyone is doing well

in this one right now..trading with h12 candle color long to zero out the shorts, also made its way back into the cone and targeting 1.21049

could go south given this is a MZ of the D1 candle down...we shall see.

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”