lukx zline trading log + cfabian p.35 + adaseb p.48

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dragon33
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Postby dragon33 » Thu Jan 21, 2010 4:22 pm

eaglet2009 wrote:. Here is the trade i was referring to awhile ago. I hope i have done it correctly.

The white horizontal line is my entry, red is the stop loss, and yellow the exit. The target( yellow line is 4hr Zero line.


Welcome to the pipjungle eaglet!

You are doing fine! Well done!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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adaseb
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Postby adaseb » Thu Jan 21, 2010 4:26 pm

Image
Image
Image

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lukx
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Postby lukx » Thu Jan 21, 2010 4:32 pm

adaseb, take a look at 4H price visited mz there this is why I went short.

When I saw sema on 15m I took rat trade
Image

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adaseb
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Postby adaseb » Thu Jan 21, 2010 4:32 pm

My H4 looks like this

I was waiting for price to reach those lines. So you guys just shorted off the 50% MZ line correct?


Image

dragon33 wrote:
adaseb wrote:Image


Why wouldn't you? It is with higher tmf momentum!
Also price stopped at 0% of the candle on the left (the ones that dropped)

The small run up was the pullback and took more time to reach the same level as before. Time is important to understand the buying or selling power.

Sad i didn't hold longer because i could have double up in pips.

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IN-XS
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Postby IN-XS » Thu Jan 21, 2010 4:39 pm

What exactly is a rat trade in simple terms?!

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es/pip
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Postby es/pip » Thu Jan 21, 2010 4:45 pm

long rat= red bar green bar and then long above the green bar high

short rat green bar red bar and short below red bar low
Bend over and assume the position for another 4 years of hope and change.

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lukx
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Postby lukx » Thu Jan 21, 2010 4:46 pm

correct ! but... as Dragon is repeating, we can't just take trade becasue it's in zl or mz ... we wait and look what price is doing and it's good to ad RAT thingy when considering entry.

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IN-XS
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Postby IN-XS » Thu Jan 21, 2010 4:50 pm

Thanks es/pip and lukx, figured as much, but just wanted to make sure.

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IN-XS
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Postby IN-XS » Thu Jan 21, 2010 4:51 pm

Dam it, missed the spike on GBP/USD!

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adaseb
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Postby adaseb » Thu Jan 21, 2010 4:52 pm

Dammit. Prez Obama speaking. Not a good time to trade. This is like trading the news.

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