ZLine Coaching

scratty · Post by **scratty** » Thu Dec 09, 2010 8:21 am

Out +9Pips
too early? :roll:

pablo101 · Post by **pablo101** » Thu Dec 09, 2010 8:25 am

Good catch for the short, I was out -9 first time too

Can you see the target

scratty · Post by **scratty** » Thu Dec 09, 2010 8:36 am

pablo101 wrote:Good catch for the short, I was out -9 first time too

Can you see the target

I see the target... first target was to exit around 1.3275

scratty · Post by **scratty** » Thu Dec 09, 2010 8:47 am

In short again...

scratty · Post by **scratty** » Thu Dec 09, 2010 9:01 am

out +25 Pips

Maybe to early... This is my main problem=> LET THE WINNERS RUN!

Jalarupa · Post by **Jalarupa** » Thu Dec 09, 2010 9:04 am

Took the same trade as pablo... Out +50

scratty · Post by **scratty** » Thu Dec 09, 2010 9:22 am

Jalarupa wrote:Took the same trade as pablo... Out +50

congrats Jala!

What helps you to hold on your trades. Do you have an advice for the nervous finger ;-)

scratty · Post by **scratty** » Thu Dec 09, 2010 9:40 am

Ok, after EU dropping is going on without retracements i think we (jala, me) both should have switched to long term charts for profit taking... This are the trades that should make the big moves on your equity curve. Sadly not in my account :-(

Jalarupa · Post by **Jalarupa** » Thu Dec 09, 2010 10:42 am

scratty wrote:
Jalarupa wrote:Took the same trade as pablo... Out +50
congrats Jala!

What helps you to hold on your trades. Do you have an advice for the nervous finger

Well I dont want to throw off your thread by discussing anything other than the zline method... but here goes...

Well I try to establish bias before taking a trade based on the daily open as well as the nearest extreme...

In this case I entered the trade off the Zline pullback on the M5 charts... I was in profit immediately but was going for bigger fish, a little early but it gave me the opportunity to sell more once the daily open line rejected price...

My stop loss is according to MightyOne's MacroRat principal where by I give myself 50 pips breathing room which equates to a 5 macro pip stop loss... based on a 2% per trade philosophy...

Having entered a second time off the Daily Open Rejection via the "Manta Rat Trade method" I scalped 50 pips with that trade and left my initial trade on to pursue the further downfall of the Euro round three, which I am speculating on...

I now plan on trading off daily high extremes and scaling into a formidable position, if all goes according to my big plan...

As of writing this, I'm currently +8.8 macro pips in profit and have already banked 5 macro pips (which is my daily target to bank - that way it buffers me for any losses I could suffer at 50 pips)... I do this so I can hit the pips of the higher TF charts...

I hope this helps you in your quest ;-)

scratty · Post by **scratty** » Thu Dec 09, 2010 11:11 am

Thanks Jala. For me there is much too much information on your chart to see anything at all ;-)

. I try to get the bias from the big bicture too. I allow to scalp both directions. But try to get the "i hold it for a longer period" trade from my bias...