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dragon33
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Postby dragon33 » Fri Oct 16, 2009 10:47 am

lukx wrote:no way to win this game
whoever is doing it is or lying or is extremely lucky
everyone can post historic charts with picked up like cherries trades that supposedly are coming from zl lines.

Image


I showed it ones before on babypips. I had an account growing from 300 euro to 22000 euro in less then 3 months.
There was asked to not show it again, so i have covered the numbers. You only have to look for the date and the entry and exit. Watch the chart then you can see it can be done. The big number is a real zl trade the rest is just scalping my way up.
If you count right you will see i made 675 pips in just two days. This is really the last time i show my account. I am not bragging, this is just as real as it is.

Image
Trading is like cycling, first you need to learn how.
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lukx
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Postby lukx » Fri Oct 16, 2009 10:56 am

:smt118 :smt119 :smt120 :smt107

ok , I'm sorry, I'm taking back everything I said, Dragon you can slap me now.

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PTG
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Postby PTG » Fri Oct 16, 2009 10:59 am

lukx wrote:PTG, you're totally right my attitude is sh&*y just like my trading :) got to work on both:).

I don't quite got this:
"You will do well if you understand that it is only the momo at the high and low pivots that matter. "

What are those high and low pivots, can you pretty please drop me visual help in some screen shot presenting this kind of pivot?


One thing you would need to do, is to look things up yourself. The definition of a pivot, as an example, can be found here: http://dictionary.reference.com/browse/pivot

A pivot is a turning point.
That is where the rubber band of the market is stretched to the max, from that point the market will reverse.
A reversal is indicated by momo.
A momo will cause a pull back.
A pull back early in the move is a nice entry point.

Price will make new highs and lows; these are the pivot points.

A reversal indicates that the market has hit a pivot point.

From the pivot point, price will reverse.

In the reversal, there will be a reversal on a lower timeframe. That is the pullback you want to enter in the direction of profit, which is the direction of the market that just has turned.

You want to WAIT for those reversals, THEN enter. If you do NOT spot a reversal after a pivot, do NOT enter the market. You will only loose more money.

I can easily post a chart indicating those turning points, but I'd rather see you post that. I suggest YOU post a chart of GU H4 indicating historical turning points.
There's no business like [strike]show[/strike] covid19 business.

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 11:06 am

This is for you Lukx

:smt021 :smt021 :smt079 :smt079
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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lukx
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Postby lukx » Fri Oct 16, 2009 11:29 am

as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 12:19 pm

Hey Lukx,

Throw all the indi's from your screen! Start drawing themself!
You only need two candles to draw.

1) you need a body
2) You need a body with a higher (lower) close

Start drawing them after a new high or low and when the body is broken by another candle. Price need to be closed before you can draw!
Every place where price stops or hestitate you do it also. Then you get something like this picture

Image
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:03 pm

lukx wrote:as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image


From your previous posts I was about to put you on ignore.
I can see that you are just lashing out because you are frustrated.
First of all this trading style is a skill not a mechanical system.
You have to learn to see it first, then when you can see it, you have
to learn how to execute it.

Depending on how you decide to implement zerolines in your trading
it can take many hours of analysis and screen time and it isn't for
everyone.

With that said, I can see that you almost see it. DRagon was good
enough to mark your chart with the right viewpoint.

It is just like your chart points out.

#1 there is a pivot
#2 there is a quiet period (small body)
#3 there is momo (2x body)
#4 price comes back and wicks the zeroline (your limit order)
#5 if your entry candle didn't close in profit get out
#6 if a candle closes against you then get out
#7 if price gets to the next closest ZL in profit get out
Trade Your Way as Long as It Makes Money!

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 1:12 pm

aliassmith wrote:
lukx wrote:as you can see after those pivots I woud looose money anyway
or simply I see wrong pivots:

Image


From your previous posts I was about to put you on ignore.
I can see that you are just lashing out because you are frustrated.
First of all this trading style is a skill not a mechanical system.
You have to learn to see it first, then when you can see it, you have
to learn how to execute it.

Depending on how you decide to implement zerolines in your trading
it can take many hours of analysis and screen time and it isn't for
everyone.

With that said, I can see that you almost see it. DRagon was good
enough to mark your chart with the right viewpoint.

It is just like your chart points out.

#1 there is a pivot
#2 there is a quiet period (small body)
#3 there is momo (2x body)
#4 price comes back and wicks the zeroline (your limit order)
#5 if your entry candle didn't close in profit get out
#6 if a candle closes against you then get out
#7 if price gets to the next closest ZL in profit get out


lol that's more informative then the picture alone, thanx
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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lukx
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Postby lukx » Fri Oct 16, 2009 1:22 pm

my huge kudos to all guys who still helping me understand and didn't put me on ignore :) YEP alias you're totally right all my poor posts came from my frustration.

Is this picture right better:
alias by #7 if price gets to the next closest ZL in profit get out you meant some zl back in time right? like the ones I marked here:

Image

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dragon33
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Postby dragon33 » Fri Oct 16, 2009 1:39 pm

lukx wrote:my huge kudos to all guys who still helping me understand and didn't put me on ignore :) YEP alias you're totally right all my poor posts came from my frustration.

Is this picture right better:
alias by #7 if price gets to the next closest ZL in profit get out you meant some zl back in time right? like the ones I marked here:

Image


Always draw two lines, look for ES/PIP charts he also uses the lows because price sometimes only wicks the lowest (or highest) point.
You miss those trades baecause you are waiting to reach the line.

Another point is your second entry on the above picture. Momo down is much bigger then previous run up (you can count more candles up)
Pobability of breaking next zero is very big. Always watch from where you came if there is no profit held lower price will stop and turn most of the times.
Last edited by dragon33 on Fri Oct 16, 2009 1:44 pm, edited 1 time in total.
Trading is like cycling, first you need to learn how.

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