BambinoFlex wrote:I haven't gone through the whole thread. Started watching the FuturesTraders71 video. Great information and I was able to understand the scaling out logic. Many mention scaling out but forget to include adjusting your stop, which is the whole reason for scaling out.
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Also, I thought "Dead Horse" was a different idea than Z-line trading. I reread your comment and it seems that its similar, if not the same. Highs/Lows being taken out.
First off FT71 is the man.
So dead horse is conceptually similar to zlines.
However the dead horse gives bias and you can have traditional zlines in a dead horse.
Traditional zlines is only one view of the zline concept.
Any time a candle breaks and closes outside the range of a previous candle a zline is created. This is because breakout traders did their thing and now are holding profit.
Now what happens? Did this group as a whole move their stop loss up to break even? It could now be micro supply/demand. Micro only meaning supply/demand pretaining to scalpers and daytraders. Then there is swing trade S/D and big chart S/D. Don't forget clustered S/D.
