Never Lose Again

[Shinobi-X]

@aVi
clean template, nice pips. More power to you, man!

[aVi]

http://www.fxcm.com/lp3-nfa-fifo.jsp

seriously, WTF!!!!!!

WOW! What a load of ____! These regulations are getting absolutely ridiculous - why can't they just leave $#!& alone!!! I'm scared to see what's next. I better stop talking now, I'm quite fluent in the French language...

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Thanks Shinobi.

I've noticed the more I clean up my charts, the more pips come my way. Kawinkydink?

[MightyOne]

There was also a box breakout in the same area as your trade

I'll be damned, well... I used the ZL as an entry...

It worked this time, along with some TL analysis:



200 pips.

[MightyOne]

[prochargedmopar]

Razor,
You trade these on the hourly? 3,1,1
Or just M15?

[Azuremaster]

someone call me----------------lol

Hello ES/PIP, nice to have you here again. I really like your charts and efforts to help!

To the OP that posted all the zline trades and had 2 winners out of 18 trades.
------#1--- that is a 5 min chart and you made 18 trades in like 3 hrs---- too much.

Well, I could make like 3-5 trades with 0 winners, lol.

#2--- it looks like every time you see a bar that is 2x a previous bar you are just blindly entering 50% of that bar just bec.---- you cant do that---- not the way this works if it was then every one and their mother would trade it and be worth gazillions.

That was my first day with zlines. I see body(2x a previous bar) in the direction of profit, then the next candle gives me wick in the direction of loss and I enter after close of second candle. Looking an your numerous 5min charts with price labels, i thought that is the way you enter a trade. I saw that you were picking reversals up/down on 5min charts and everything was fine.

#3 i trade 5min up to weekly charts---------- if i trade the 5min i am aware of where the higher time frames are and what the big picture is saying. I also do not go all in on a trade, i average into it in my favor.

I see, no questions here.

#4-- if it does not happen on consecutive bars then it is an area that you trade away from

What do you mean? I thought that we trade away from that area in any case?

Good trade, you entered off 1hr chart after rejection off zl area?

I can't see a wick in direction of loss here...


[/quote]

Good trade, you entered off 30min chart after rejection off zl area?

[Azuremaster]

Azuremaster,
these 3 trades I took today on GBP/JPY 5M chart. It shows how I understand ZL idea. Maybe I did not catch this method properly, but the most important thing is, that it works for me. Hope it can help you a bit.

Thanks Manta. I saw that potential ZL area on 1h and 4h GJ charts. It was a great trade and I was in it(using other methods). And it was exactly 61.8 fib of the move up.
You see potential ZL on 1h-4h chart and then you try to enter near that area on 5min chart, right?

But I do not understand why do we need wick in the direction of loss. The moment you entered you did not know anything about wick there. The wick did not exist yet. That is what I am trying to understand.

[pierre23]

Hey es/pip good to hear from you again

[aVi]

Poetry... erhmmm, Pipetry in motion.

[charleyhankins]

TRO, would it be possible to build in an alarm to TRO_DYNAMIC_FIBS_SR_TRAIL to sound when "ok to short" or "ok to long" displays. I am working during the NY session and can't concentrate on the charts. I think an alarm to that effect might be a great help. What do you think?
Thanks,
CH

Have you tried turning the alerts ON?

LOL

Hi! Yes. The alarm sounds when price reaches one of the trigger lines. Many times there are conflicting signals ("ok to short" and "Do Not Reverse" at the same time). And sometimes "Wait".

It would be terribly helpful to have an alarm which sounded only when the "ok to short" or "ok to long" displayed. What do you think?
Thanks,
CH