koolbreeze
Thanks, I was wondering where to start also. I've thinking about FXTraveller's comment about dumping all indicators and what he has learned since doing so. I've still never gotten to that zoo of yours.
jb
Never Lose Again
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- monolisa
- rank: 150+ posts
- Posts: 351
- Joined: Fri Jun 12, 2009 11:38 am
- Reputation: 0
- Location: All Quiet on the Western Front
- Gender:
Hi Patch and Fxtraveller,
Hopefully MO and es/pip could give a verbatim account of the zline trade. It's a rather daunting task to read 300+ pages of threads. However, if you wish to go thru it I think it's a rewarding experience.
Lis
Hopefully MO and es/pip could give a verbatim account of the zline trade. It's a rather daunting task to read 300+ pages of threads. However, if you wish to go thru it I think it's a rewarding experience.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
monolisa wrote:Thanks, es/pip. Crystal clear.
By the way, if you look at the 3rd candle after the "3" bull candle it was a bearish momentum candle. The next candle was bull but weak, and the one after was bear but even weaker. Given the easing momentum and the price was close to H4 mighty zone target the prospect of going downward would be much less. It's time to wait for another momentum candle.
Is it how you would look at it, es/pip?
THanks.
Lis
that's not exactly what i was looking for
but
------ this is all of what MO has said repeatedly over the past 5 pages------
what we want to see as traders is momentum
when we have momentum we have movement and as a result we have traders sitting with profit
what happens to traders sitting with profit?
candle #1 tells me--------- nothing at all besides it is a bear bar with less momentum than the prev. bar and i could care less about anything at this point.
candle 2 tells me--------- ALERT ALERT ALERT----- we have momentum---- this bar is over twice as big as the prev. bar----PEOPLE ARE TRADING---- MOVEMENT-MOMENTUM------ now i am extremely interested------- traders are sitting with profit as a result of the momentum---- i am ready to take action
candle 3 tell me ----------- that i am in this trade----- the held profit is zerod out and now we can move again.
-------------------------------------------------------------------------------
as far a summing up the zline stuff------u need to read the thread or u will not understand-----some people have read the thread and still do not understand.
but
body in direction of profit wick in direction of loss ----trade in the direction of profit---- is the summed version--- and what MO said in the very beginning
- monolisa
- rank: 150+ posts
- Posts: 351
- Joined: Fri Jun 12, 2009 11:38 am
- Reputation: 0
- Location: All Quiet on the Western Front
- Gender:
Thanks, es/pip. I was acutally referring to the candles further down your setup (see chart). Sorry for the confusion.
Your description is an excellent zline trade.
Lis
Your description is an excellent zline trade.
Lis
- Attachments
-
- 28usf2a1.gif (13.19 KiB) Viewed 4884 times
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Post momentum trading.......
Yes, I got a little jumpy and entered too soon.
I was -125 on one and -88 on the 2nd entry long.....as it wasn't done breaking out yet......LOTS OF HELD PROFIT we must admit.
So, I didn't panic....I zeroed in on the mighty zone and set it as my target to exit with MY profit.
+9 and +50ish. see below.
the higher time frame tells the REAL story. 2nd pic.
Yes, I got a little jumpy and entered too soon.
I was -125 on one and -88 on the 2nd entry long.....as it wasn't done breaking out yet......LOTS OF HELD PROFIT we must admit.
So, I didn't panic....I zeroed in on the mighty zone and set it as my target to exit with MY profit.
+9 and +50ish. see below.
the higher time frame tells the REAL story. 2nd pic.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Lovely
Have you tried the Blubbb_CustomCandle indi?
I love this indicator oh let me count the ways:
1. lightning fast to adjust time frames
2. You can still see the S&R of the smaller time frames
3. It does not blow up when switching time frames!
(drag both lines to the last bar before switching )
4. Does not require a separate indicator for monthly charts
5. Daily bars are really 24 hours! You can get rid of those half days!
6. It now includes last BO analysis
Within the first hour of playing with the indi I already created time adjusting strategies based on price action.
Needless to say this indi has to be removed from my cold dead fingers!
Have you tried the Blubbb_CustomCandle indi?
I love this indicator oh let me count the ways:
1. lightning fast to adjust time frames
2. You can still see the S&R of the smaller time frames
3. It does not blow up when switching time frames!
(drag both lines to the last bar before switching )
4. Does not require a separate indicator for monthly charts
5. Daily bars are really 24 hours! You can get rid of those half days!
6. It now includes last BO analysis
Within the first hour of playing with the indi I already created time adjusting strategies based on price action.
Needless to say this indi has to be removed from my cold dead fingers!
prochargedmopar wrote:Post momentum trading.......
Yes, I got a little jumpy and entered too soon.
I was -125 on one and -88 on the 2nd entry long.....as it wasn't done breaking out yet......LOTS OF HELD PROFIT we must admit.
So, I didn't panic....I zeroed in on the mighty zone and set it as my target to exit with MY profit.
+9 and +50ish. see below.
the higher time frame tells the REAL story. 2nd pic.
At least you are aware of your failure the check the larger picture.
Next time you will know where you are going and make it to where you are trying to get
Next time you will know where you are going and make it to where you are trying to get
zapzinig wrote:zline trades
Yesterday, I traded once had a loss my error in judgment. I stopped trading for the day.
Today I watched the m15 Here is the recap:
--ZZ
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.