Zlines work!
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Aliassmith Beats a "Dead Horse"
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Still going.
You can be a normal trader and make 2x
You can be different and make 4% to 100%+
About 90% plus or more "educational" things I review say risk x% and make some multiple of x%. Sure you can make that work but there is however a way to make crazy RR by adding/stacking strategies and managing risk.
You can be a normal trader and make 2x
You can be different and make 4% to 100%+
About 90% plus or more "educational" things I review say risk x% and make some multiple of x%. Sure you can make that work but there is however a way to make crazy RR by adding/stacking strategies and managing risk.
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Still going.
You can be a normal trader and make 2x
You can be different and make 4% to 100%+
About 90% plus or more "educational" things I review say risk x% and make some multiple of x%. Sure you can make that work but there is however a way to make crazy RR by adding/stacking strategies and managing risk.
This is awesome.
I have spent hours going back through MO's posts, which in itself has helped me immensely. However, I don't know if I am severely dumb, or if I am just missing something entirely, I don't actually think I've found a method of drawing ZLines. I see people's charts, like yours above, and I can't quite work out the 'why' you placed the lines where you have. I'll keep trying, I am determined to make this work.
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
EzoolFX wrote:aliassmith wrote:Still going.
You can be a normal trader and make 2x
You can be different and make 4% to 100%+
About 90% plus or more "educational" things I review say risk x% and make some multiple of x%. Sure you can make that work but there is however a way to make crazy RR by adding/stacking strategies and managing risk.
This is awesome.
I have spent hours going back through MO's posts, which in itself has helped me immensely. However, I don't know if I am severely dumb, or if I am just missing something entirely, I don't actually think I've found a method of drawing ZLines. I see people's charts, like yours above, and I can't quite work out the 'why' you placed the lines where you have. I'll keep trying, I am determined to make this work.
You are most likely stupid, no no I'm joking.
MightyOne was not the best explainer of things.
At its core the zline is simplistic but nuanced.
The use and applications vary and are also nuanced.
Trade Your Way as Long as It Makes Money!
Re: Aliassmith Beats a "Dead Horse"
[quote]You are most likely stupid, no no I'm joking.
MightyOne was not the best explainer of things.
At its core the zline is simplistic but nuanced.
The use and applications vary and are also nuanced.[quote]
Haha!! Well I am definitely stupid when it comes to formatting/quoting posts it seems, lol.
I can see there are a lot of variations and it seems traders find their own way to utilise ZLines, which is one of the coolest things about it. It just hasn't clicked for me as of yet.
MightyOne was not the best explainer of things.
At its core the zline is simplistic but nuanced.
The use and applications vary and are also nuanced.[quote]
Haha!! Well I am definitely stupid when it comes to formatting/quoting posts it seems, lol.
I can see there are a lot of variations and it seems traders find their own way to utilise ZLines, which is one of the coolest things about it. It just hasn't clicked for me as of yet.
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
EzoolFX wrote:You are most likely stupid, no no I'm joking.
MightyOne was not the best explainer of things.
At its core the zline is simplistic but nuanced.
The use and applications vary and are also nuanced.
Haha!! Well I am definitely stupid when it comes to formatting/quoting posts it seems, lol.
I can see there are a lot of variations and it seems traders find their own way to utilise ZLines, which is one of the coolest things about it. It just hasn't clicked for me as of yet.
A zero line was actually misnamed.
It is more like zero area.
The smaller the timeframe the closer it approaches being a line.
Think of a trading strategy that involves breakouts
Such as a daily breakout strategy.
The day of the breakout people are sitting with profit.
Lets say that profit is 1x risk
People now move their stoplosses to about breakeven.
There is now liquidity in that area.
The market seeks liquidity
It sweeps back to grab that liquidity
That area is a decision point or point of interest.
That is the jist of "zline" also called
body direction of profit, wick direction of loss
Breakout, breakin
Etc.
Everything else is window dressing.
You can trade it any number of ways.
Its a building block of my structural analysis.
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
On this daily chart of GBPJPY I marked some obvious "zlines"
The price is sitting at a zline currently.
Popular STRATEGIES to trade them are as a fade or a break through and retest.
There are however an infinite amount of TACTICS that can be deployed.
Strategies:
The analysis
The bias
The Big picture
Example - Daily, Zline, Fade
Tactics:
The execution
The management
Example - Enter on entry of the zone, Risk 1% to a slop loss on opposite side of zone, target 2R
The price is sitting at a zline currently.
Popular STRATEGIES to trade them are as a fade or a break through and retest.
There are however an infinite amount of TACTICS that can be deployed.
Strategies:
The analysis
The bias
The Big picture
Example - Daily, Zline, Fade
Tactics:
The execution
The management
Example - Enter on entry of the zone, Risk 1% to a slop loss on opposite side of zone, target 2R
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:On this daily chart of GBPJPY I marked some obvious "zlines"
The price is sitting at a zline currently.
Popular STRATEGIES to trade them are as a fade or a break through and retest.
There are however an infinite amount of TACTICS that can be deployed.
Strategies:
The analysis
The bias
The Big picture
Example - Daily, Zline, Fade
Tactics:
The execution
The management
Example - Enter on entry of the zone, Risk 1% to a slop loss on opposite side of zone, target 2R
Your explanation and the image are both incredibly helpful, it's making a lot more sense to me now. Thank you!
I can see why there are so many ways to utilise this. It seems these areas would also be good targets, seeing as the market is always targeting liquidity... if you're in a trade, chances are you are headed to one of these areas (for better or for worse)!
- prochargedmopar
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Re: Aliassmith Beats a "Dead Horse"
EzoolFX wrote:aliassmith wrote:On this daily chart of GBPJPY I marked some obvious "zlines"
The price is sitting at a zline currently.
Popular STRATEGIES to trade them are as a fade or a break through and retest.
There are however an infinite amount of TACTICS that can be deployed.
Strategies:
The analysis
The bias
The Big picture
Example - Daily, Zline, Fade
Tactics:
The execution
The management
Example - Enter on entry of the zone, Risk 1% to a slop loss on opposite side of zone, target 2R
Your explanation and the image are both incredibly helpful, it's making a lot more sense to me now. Thank you!
I can see why there are so many ways to utilise this. It seems these areas would also be good targets, seeing as the market is always targeting liquidity... if you're in a trade, chances are you are headed to one of these areas (for better or for worse)!
Very good observation.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:EzoolFX wrote:aliassmith wrote:Still going.
You can be a normal trader and make 2x
You can be different and make 4% to 100%+
About 90% plus or more "educational" things I review say risk x% and make some multiple of x%. Sure you can make that work but there is however a way to make crazy RR by adding/stacking strategies and managing risk.
This is awesome.
I have spent hours going back through MO's posts, which in itself has helped me immensely. However, I don't know if I am severely dumb, or if I am just missing something entirely, I don't actually think I've found a method of drawing ZLines. I see people's charts, like yours above, and I can't quite work out the 'why' you placed the lines where you have. I'll keep trying, I am determined to make this work.
You are most likely stupid, no no I'm joking.
MightyOne was not the best explainer of things.
At its core the zline is simplistic but nuanced.
The use and applications vary and are also nuanced.
I think he did pretty good but don't think he was giving the entire story.
Just as ICT holds back.
He says in yesterdays video
"in this sequence there is 7 trades BUT with the (whatever he calls it) there are 32 entries to the target. That is not for you, that is ONLY for my family and I will never share it".
Dude, drop from the m5 chart he was showing down to 30sec chart and we got our 32 trade entries/setups. LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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