' The further you get away from momo the less useful it becomes'
YES. now it is finally confirmed =]]] All this time I'd feel anxious if the price would move far away and then come back.... it didnt feel right. and I couldnt tell why, just subconscious feeling based on hours of observation but without giving proper consideration.
the quicker price moves back to Zline traders out, the more secure I'd feel.... I have a personal tolerance of about 1-4 candles (whatever the timeframe) for price to come back to trade in direction of profit.
THANKS!
Success? I have 3-5 trades a week, and so far it resulted in ...14 euros... =] success in profitability facotr is here. success in money- still to come. it will come when I double..... then the next milestone is to build up to 5k, to 10k, etc....
Mighty, you sure gave away 'a lot of bait'. time for that 45k seminar already !
lukx zline trading log + cfabian p.35 + adaseb p.48
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Here is a link to the Lukx thread archive,
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Reading this thread offline is much faster.
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http://s210.com/tro/archived/
Reading this thread offline is much faster.
Enjoy!
-ZZ
- Patch
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zapzinig
Thank you so much for all the time and work and skill and computer tricks you put in to produce this log !!!
Patch
In VA
Thank you so much for all the time and work and skill and computer tricks you put in to produce this log !!!
Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
- dojirock
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When I started a year ago, I seemed to always trade to the zline and get out at the bounce....(the zone of the momo). Since I have been trying to get the hang of this, throwing out all my squiggly lines, and trying to get in on the bounce and exit after a reasonble proft. It seemed easier the other way.......Looking at your charts, it seems you all spend hours infront of the chart waiting for an entry and dont leave until you exit? How do you do it????
Jus frustrated at the moment.
I did pick up 9 pips today, 3 at a time.
doji
Jus frustrated at the moment.
I did pick up 9 pips today, 3 at a time.
doji
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doji.... you have to have a winning streak of 10+ trades to start to believe in this stuff. I do. If you cant wait for hours all day any day (like I do), just concentrate on the first 3 hours of London session (my fav, with GU) or Tokyo with JPY in the pair. OR open of NY, so long its the first (most intensive) 3 hours.
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- rushN4
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MightyOne wrote:The basics:
Hello MO
can you explain or give a hint how you draw this boxes(bodies)?
or someone else?
i tried to find it out but dont get it..
thx for help
jochen
Last edited by rushN4 on Mon Jan 25, 2010 10:40 pm, edited 1 time in total.
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.
Go to forexfactory, and on the left it tells you at what time your time each market starts.
Hope this helps
Hope this helps
dojirock wrote:fx,
Im not sure if I know those times, how can I find them. I am on easter time in the states. I get new daily bars at 7:00pm on my time. Is that when it is?
doji
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
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