Daily Forex Trading

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Daily Forex Trading

Postby LeMercenaire » Mon May 14, 2018 6:41 pm

achooblessyou wrote:
LeMercenaire wrote:
achooblessyou wrote:EG 123 imminent? took the Franken-break late last night. Traded it Lem style with a "123" drop back into the consolidation zone using supply zone areas. Didn't actually take it as a 123 but it ended up forming one


Nicely played. You'll often find that these early session moves will morph into a 1-2-3. Happens a lot on the reverse move out of my morning DAX. Nice to know.

You always told me you traded it that way. Should have listened XD


Lol. I find I automatically look for them now, I don't even know I'm doing it.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Daily Forex Trading

Postby LeMercenaire » Mon May 14, 2018 6:43 pm

Might get a small HOLO out of EG in a mo.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Daily Forex Trading

Postby LeMercenaire » Mon May 14, 2018 6:45 pm

LeMercenaire wrote:Might get a small HOLO out of EG in a mo.

Swissie as well, going the other way.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Daily Forex Trading

Postby LeMercenaire » Mon May 14, 2018 6:52 pm

JP225 is in a nice trade-able range on the H1.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Daily Forex Trading

Postby LeMercenaire » Mon May 14, 2018 6:57 pm

GN is hitting a nice level.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
achooblessyou
rank: 150+ posts
rank: 150+ posts
Posts: 196
Joined: Tue Dec 05, 2017 6:10 pm
Reputation: 163
Gender: None specified

Re: Daily Forex Trading

Postby achooblessyou » Mon May 14, 2018 7:14 pm

LeMercenaire wrote:GN is hitting a nice level.

Idk gn is looking a little dicey might not be running out of steam. Swis and EG look good though. Unfortunately my broker is exculsively Forex no jpy225 for me

User avatar
achooblessyou
rank: 150+ posts
rank: 150+ posts
Posts: 196
Joined: Tue Dec 05, 2017 6:10 pm
Reputation: 163
Gender: None specified

Re: Daily Forex Trading

Postby achooblessyou » Mon May 14, 2018 7:30 pm

LeMercenaire wrote:
LeMercenaire wrote:Might get a small HOLO out of EG in a mo.

Swissie as well, going the other way.

In EG

Mr. Hyde
rank: 1000+ posts
rank: 1000+ posts
Posts: 1635
Joined: Fri Nov 18, 2016 7:00 am
Reputation: 778
Gender: None specified

Re: Daily Forex Trading

Postby Mr. Hyde » Tue May 15, 2018 3:46 am

So here is the quick and dirty on zlines for ya. the concept is a zline is an area where price leaves from (with momentum) and traders are sitting with profit, that price is likely to return to, to zero those traders (breakout traders that moved there stops to breakeven) and then continue in the same direction.

It was originally meant to be used on HTF 4hr and up and on back to back candles. So you would have candle 1 which is a smaller candle, candle 2 which is momo (body in direction of profit BDP) and the 3rd candle that wicks back into candle 2 then continues in candle 2 direction (wick in the direction of loss or wickdoll).

That's the basic's. It has morphed and changed as more and more members have used it and added to it.

O yea and on the momo candle the open to the 50% area is called the mighty zone (MZ).
Attachments
CADJPYDaily.png
CADJPYDaily.png (30.17 KiB) Viewed 2257 times

Mr. Hyde
rank: 1000+ posts
rank: 1000+ posts
Posts: 1635
Joined: Fri Nov 18, 2016 7:00 am
Reputation: 778
Gender: None specified

Re: Daily Forex Trading

Postby Mr. Hyde » Tue May 15, 2018 3:58 am

Here is how I played the ES today using the zline concept. We were at a weekly and daily zline, so I dropped down to the 15m for entry. You can then see 5 potential targets based off of either the weekly or daily chart.

US500IndexWeekly.png
US500IndexWeekly.png (34.73 KiB) Viewed 2256 times
US500IndexDaily.png
US500IndexDaily.png (42.99 KiB) Viewed 2256 times
US500IndexM15.png
US500IndexM15.png (32.98 KiB) Viewed 2256 times

User avatar
achooblessyou
rank: 150+ posts
rank: 150+ posts
Posts: 196
Joined: Tue Dec 05, 2017 6:10 pm
Reputation: 163
Gender: None specified

Re: Daily Forex Trading

Postby achooblessyou » Tue May 15, 2018 11:05 am

EJ holo +15 pippys:)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”