Kreslik.com - traders community since 2006

Zline = area where you can see traders holding profit from a massive move. Where you say? Any where price has sky rocketed away from leaving traders in the green for now. A momentum Candle. Or likemomo candle for short. Leaving you with Targets for you later to trade to zero those traders out. Or wh...

Here goes another one. 15min based price action closing over under.
Got in with 5min momo confirmation candle and the price exploded.
Closed short trade.

Again any insight on what I am doing right or wrong would be great!

Great Charts L, I actually took the short and passed on the long. hahah Keep pillaging! doji Looking at the charts now i could see why you wouldve passed on it. Im seeing that the price action showed momentum red candle down to get to the wicked areas for the long. Which would tell you not go long ...

Ive been posting to much charts on doji's thread. gonna come back on here just because I feel I was spamming his thread. But here I have a chart. If you look its same o thing price closes over under something then price wicks away. Let Price shows you where it wants to go. http://i67.tinypic.com/315...

Took 1st trade stayed in over the weekend hit tp today. It is the first green arrow pointing up. Put tp at the breakout line hit tp. Missed second trade this trade wouldve been sweet. Oh well.
This is working like a charm. Thanks guys.

Here is another one 5min chart 1min helped showing momo in direction of my trade at the top of move. Hopefully i am getting this right. Thanks doji I wanted to add also i took this 5min trade because higher tf didnt show me anything. I start from 1hr down to 15 down to 5 to see if theres any price a...

Finished trade. 1hr over/under price action and a 15min confirmation. long. It got pretty hairy in the middle of the trade but it eventually went where price was going. I stayed in the trade even though price was shooting the other way as you see in the 15min. I stayed in with your advice of doji. p...

dojirock wrote:no, emergency stop loss would be the 3 sema(lower) and conservative SL would be a close below the Dojizone.

doji

Ok. Thanks for the quick reply.

Awesome insight on the exit strategy!

Doji, Here is my trade on GJ today. I have two questions. What you think of the entry? and what do you think of the exit plan? or would you stay in the trade until it hits my sl. they are both explained on the charts. thanks in advance. I didnt put my tp area but it would be around the 150.75 area. ...

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