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

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pablo101
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Postby pablo101 » Mon Jan 25, 2010 12:43 pm

"Don't move the stop loss!" That's my guess :)
What line? The line that tells you which way you are trading! - MO

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pablo101
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Postby pablo101 » Mon Jan 25, 2010 12:46 pm

lukx wrote:so far 2 trades I got today based on zl method:
1st one 20 pips (long)
2nd one 20 pips (short) = 40 pips in total = I'm happy :)

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:P
What line? The line that tells you which way you are trading! - MO

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IN-XS
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Postby IN-XS » Mon Jan 25, 2010 1:27 pm

The bottom trade was from last night before I went to bed, missed the exit at the 3 sema, so now the second trade is a slightly aggresive entry, but hoping for a short scalp and close both trades at around 1.61742.

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vane
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Postby vane » Mon Jan 25, 2010 1:49 pm

MO are you talking about the MOMO pattern?

lesson 1: body in the direction of the gain but it is very obvious.

perhaps are your talking about momentum and how we have to look it??

:smt115 Momentum pattern is as follows:

+x, +y, +x, +y, etc.

If +x, +y then -x, -z is needed to reverse.

+x, +y = candle in the direction of profit.

:smt090

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Last edited by vane on Mon Jan 25, 2010 1:58 pm, edited 2 times in total.

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IN-XS
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Postby IN-XS » Mon Jan 25, 2010 1:56 pm

It worked out nicely, already closed out my small scalp trade, hoping for more of a pullback to the 3 sema area before I close my trade from last night. Then I will think about shorting.

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Postby Pema » Mon Jan 25, 2010 2:13 pm

Hey Guys ,

First trade today and 3 % profit.

It's ok for me now


Peter

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IN-XS
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Postby IN-XS » Mon Jan 25, 2010 2:31 pm

GBP/JPY very aggressive entry, but after going through Mightyone's posts and Sam Seiden's video's I am trying to find my entries on the pullback to supply or demand area's. Which should give me low risk, high reward trades, in theory anyway!

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Postby IN-XS » Mon Jan 25, 2010 2:54 pm

SL hit on GBP/JPY, forgot to look at higher timeframe's, still looks like there is room to go higher.

Closed out my trade from last night on the GBP/USD, again didn't look at the higher timeframe's.

Higher timeframe's always rule over smaller one's! (Note to self)

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Postby Fxtraveller » Mon Jan 25, 2010 3:20 pm

vane wrote:MO are you talking about the MOMO pattern?

lesson 1: body in the direction of the gain but it is very obvious.

perhaps are your talking about momentum and how we have to look it??

:smt115 Momentum pattern is as follows:

+x, +y, +x, +y, etc.

If +x, +y then -x, -z is needed to reverse.

+x, +y = candle in the direction of profit.

:smt090

Image


Of all the things I thought about this chart, the 'pattern' escaped me. well done vane, I see it differently now.


My own thoughts: we see only bodies on the chart, so bodies are the ones that count. we see a first strong bear body, and once price closes below Highest Low - we sell. oh, and the angle at which the price starts to drop as well, is more intense than the angle at which it was going up.


MO? what is it then?

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Postby gootson » Mon Jan 25, 2010 3:47 pm

I think we have to congratz Lukx, today he has double his account. ;) I dont know if this is the first time he did it but CONGRATULATIONS LUKX!.
Experience is one thing you can't get for nothing.

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