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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Thu Jan 28, 2010 4:09 pm

I am sorry Mightyone, but I still dont understand. I am really having a blindspot. I think I might be the stupidist person in here, as I am not getting it at all. When I think I am getting somewhere I then start losing all the time. I need it to be clearly spelled out, because I am obviously not getting it.

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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Thu Jan 28, 2010 4:12 pm

johny wrote:
aliassmith wrote:
I for one am glad that you (MighyOne) have come out and shared your
insight. Zeroline logic/Rat(before there was even a name for it)/Fibs are
the key components in my trading.


Hi Aliassmith,

Congrats on your successful trading journey.

How do you incorporate Fibs into Zline logic?
Can you please post a chart or two of the trades you took ?

Thank you.

Johny


Johny,

I question the need for Fibs when trading. The thing is I observe many
strange "coincidences" with price repeatedly interacting at the same
ratios when it comes to price ranges.

If one is to use Fibs, then I would suggest looking for confluences with
typical S/R and zeroline logic.

Sorry, I don't have a chart. I don't make pics much anymore. :(

PS: Fibs can be used in many ways, play around with them. I see
Dragon33 uses them for only the 50% mark. MighyOne uses them
as a modified mesuring tool.
Trade Your Way as Long as It Makes Money!

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Thu Jan 28, 2010 4:13 pm

IN-XS wrote:Adaseb, nice trading I cant seem to pick a winner at the moment, dont know what I am doing wrong. Could you simplify how you take you trades, because I think I am going blind.


Yeah here I explain it a little bit.

http://kreslik.com/forums/viewtopic.php?p=33588#33588

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Thu Jan 28, 2010 4:26 pm

MightyOne wrote:
IN-XS wrote:Adaseb, nice trading I cant seem to pick a winner at the moment, dont know what I am doing wrong. Could you simplify how you take you trades, because I think I am going blind.


Something like this...only without checking the daily chart(?):

Image

Image

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Thu Jan 28, 2010 4:27 pm

Thanks Adaseb, so do you mark up the momo from the 4H first and then trade between those areas on the 15m or 5m?

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

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Thu Jan 28, 2010 4:35 pm

Ok I am lost again, you look at daily also? And how did you draw those boxes I can see you have marked the 50% area of these?!

User avatar
gootson
rank: <50 posts
rank: <50 posts
Posts: 35
Joined: Thu Jan 14, 2010 1:20 pm
Reputation: 0
Location: Lublin
Real name: Bartosz
Gender: Male

Postby gootson » Thu Jan 28, 2010 4:48 pm

gootson wrote:
Would you like cherries or strawberries with that? Wink


That was a nice one MightyOne... :D

This is what im trying to figure out now...

Image


Wicks didn't lie :D
Experience is one thing you can't get for nothing.

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Thu Jan 28, 2010 4:53 pm

IN-XS wrote:Thanks Adaseb, so do you mark up the momo from the 4H first and then trade between those areas on the 15m or 5m?


Yeah just use the H4. You will have the most success this way. And only enter when you get reversal confirmation on the M15. Use the 1/3,1/3,1/3 entries.

Remember this doesn't always work the first time. Hence why sometimes my first 1/3 gets a ugly -20 pip stop. However since you are using the H4 you can easily get 50+ pips this way on your full position. The R/R is greater.

I look at the daily but not as much; I was just adding something to MO's daily chart of GU.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Thu Jan 28, 2010 4:55 pm

IN-XS wrote:Ok I am lost again, you look at daily also? And how did you draw those boxes I can see you have marked the 50% area of these?!


Even the most skilled trader can be fooled in a single time frame, but he cannot be fooled in every time frame.

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Thu Jan 28, 2010 4:57 pm

Ok thanks Adaseb! On the 4H you look for area's of supply and demand and then enter on the 15m using Dragon's method, is this correct?

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


Return to “TheRumpledOne”