Kreslik.com - traders community since 2006

onontsira wrote:... maybe try to read or re-read this, on page 116 (very detailed, with graphs, etc... step by step).....

Thanks, onontsira!!! I just realized that I have missed out on some of the middle of this thread. My bad!!

dojirock wrote:That is when I actually draw my zlines...yes.

I'm almost afraid to ask, but what do the pink X's represent? :oops: I'm going to go out on a limb... :oops: Is that "when" you actually draw your zline? Is that when you get the close of the same color candle that is higher/lower than the open of the "origin" candle? I can't fin...

dojirock wrote:Its defining my line for longs.

I meant "longs."

I got called out to the hallway by the teacher.

I just get frustrated when it seems like many people have been struggling with the simplest concepts over and over, year after year. Sorry didn't mean to sound rude. I didn't mean to either. Some of us are struggling with the concepts because we're only NOW looking at them. They are already beyond ...

Drop a time frame....... Im gonna take there profits..... Ok, at the time you go short at that yellow line, there is only 1 drawn z-line. All it signifies is a target area where price can go after you short from the 3 semafor above. That left most z-line (the only one in existence before you short)...

dojirock wrote:To me "zline" is zeroline.
Traders that have entered already and have not taken there profits lose them when price returns to there entry point. Thus being zeroed out. "zline"

ZERO line

...When I draw my zlines, there is no crossing of another color. ...Find the orgin of the zline...there is no candle crossing them. That's what I was trying to ask with regard to that chart earlier. I was trying to understand what the chart looked like WHEN you drew the zline. ie, at it's inception.

I started this whole segment out with the exercise of drawing zlines. I also stated the one's drawn don't mean they are incorrect. They are just not ones I would use for my analysis. I gotcha! I didn't mean to imply anything negative. I think the exercise has been useful. It's a little of the "...