Kreslik.com - traders community since 2006

4 losses in a row...

Nice trading guys.
I am trying to see what you guys do.
Below are AUDUSD 1h and 15m charts. I went long 3 times and got stopped out on every try. Any comments?

#3 IMO. Onontsira, what you describe here is the same method that Dragon, Es/pip, Seiden use. For example: find a demand/zl on 1h, switch to 5 min, find demand/zl there in the zone of 1h demand/zl, enter. Small risk based on 5min and good potential reward based on 1h. Ok, so where do we place our SL...

Onontsira, what you describe here is the same method that Dragon, Es/pip, Seiden use. For example: find a demand/zl on 1h, switch to 5 min, find demand/zl there in the zone of 1h demand/zl, enter. Small risk based on 5min and good potential reward based on 1h.

Not much questions here, so I hope it is the time to move forward a little bit.
Doji, do you place stops?
You showed a zl entry method. Do you use other entry methods?

Ok Doji, your explanation is clear. One question though. Your top line was tested and you went long. But soon after price closed below that line. Does it change our bias to short or we do not look at this line after it was tested once? Once my zlines are drawn. I stated I move up one time frame. It ...

Cool. Will wait for step 2 :idea: There are 2 steps. Learning how to draw them and learning how to trade or read them. We are still on step 1 unfortunately. :shock: Seems like I am off-track. The price is above your bias line on M30, but you take a short trade off 5min chart...I thought we should ta...

Fxfreak, I would say that doji is waiting for green bar marked "3" to close. After that the ZL becomes "valid". But lets wait for dojis answer.

Seems like I am off-track. The price is above your bias line on M30, but you take a short trade off 5min chart...I thought we should take longs off lower tf charts as long as we are above ZLs on the higher TFs.

dojirock wrote:Drop a time frame....... Im gonna take there profits.....

Thanks newscalper and dojirock.
Below is the same chart later in the day. I could add 2 more zlines, but I am not sure that I draw it the same way as you do. Let me know if I am on the right way.