forexjpn's trade journal
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- rushN4
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Hey hope you are still alive over there in Japan.....very scary tsunami pics on the News today
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.
- TygerKrane
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Update
Just a quick update:
Well a lot has changed, I don't trade z-lines exclusively, but they still play a big part in my trading. My trading has improved significantly over the last 2-3 months, mostly due to more confidence and perceived understanding of where price can go.
I must confess, I have reverted back to some squiggly action, not crossovers or anything like that, but more as a reference point.
The one thing that troubles me the most about z-line trading is when z-lines don't get hit (visually) on my TF, but only on smaller TF (which I don't really look at anymore) and then go on to make a HUGE move.
I also do not use any custom indis like CC's etc..., because I do most of my trading on my smartphone.......I realize I may be putting myself at a disadvantage, but until I can do this full time, I can't put in too much PC screen time.
One of the major things I changed with regards to z-line trading, is I now enter at the z-line itself. If you look at the trades I posted earlier, I was always waiting for price to 'confirm the z-line' by moving away from it first and usually entering when price passed the extreme of the candle that closed away from the z-line, but now I just enter at the z-line because that's where my risk is the lowest.
Anyway, I will continue posting some trades from time to time.
I'm glad Kreslik is back up and running.
Well a lot has changed, I don't trade z-lines exclusively, but they still play a big part in my trading. My trading has improved significantly over the last 2-3 months, mostly due to more confidence and perceived understanding of where price can go.
I must confess, I have reverted back to some squiggly action, not crossovers or anything like that, but more as a reference point.
The one thing that troubles me the most about z-line trading is when z-lines don't get hit (visually) on my TF, but only on smaller TF (which I don't really look at anymore) and then go on to make a HUGE move.
I also do not use any custom indis like CC's etc..., because I do most of my trading on my smartphone.......I realize I may be putting myself at a disadvantage, but until I can do this full time, I can't put in too much PC screen time.
One of the major things I changed with regards to z-line trading, is I now enter at the z-line itself. If you look at the trades I posted earlier, I was always waiting for price to 'confirm the z-line' by moving away from it first and usually entering when price passed the extreme of the candle that closed away from the z-line, but now I just enter at the z-line because that's where my risk is the lowest.
Anyway, I will continue posting some trades from time to time.
I'm glad Kreslik is back up and running.
Here's another trade on E/U H1.........worst case scenario risk is about 30pips.
I find that when I get in at z-line I will have multiple opportunities to get out with 5 to 10pips as price bounces off the z-line. (if I choose to)
At the time of posting, I have been down a max of -3.3pips and have been as high as +7pips.
My point is I don't know if this trade will go my way in the end, but I don't fear it at all.
I find that when I get in at z-line I will have multiple opportunities to get out with 5 to 10pips as price bounces off the z-line. (if I choose to)
At the time of posting, I have been down a max of -3.3pips and have been as high as +7pips.
My point is I don't know if this trade will go my way in the end, but I don't fear it at all.
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