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

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lukx
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Postby lukx » Wed Feb 03, 2010 12:19 pm

me too :smt047

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Fxtraveller
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Postby Fxtraveller » Wed Feb 03, 2010 1:34 pm

My 2nd trade on GU, my second loss !! and thats 2/3rds of my profits in January !

my Buys got stopped out at 1.5950

aliassmith
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Postby aliassmith » Wed Feb 03, 2010 1:38 pm

Fxtraveller wrote:My 2nd trade on GU, my second loss !! and thats 2/3rds of my profits in January !

my Buys got stopped out at 1.5950


I have not seen a reason to go long yet. I do expect to see something
but there has not been any MoMo or nice looking rat in my opinion.
Trade Your Way as Long as It Makes Money!

aliassmith
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Postby aliassmith » Wed Feb 03, 2010 1:55 pm

I like MighyOne's contributions.

I admire a teacher that says "I see these types of things, what do
you think (see)?"

I have a curious mind and like to figure things out. Some people like to be
"spoon feed".

What MighyOne has taught me "My trading edge is that I do not know what will happen next!" <---- protect your capital

" It is all exploration into the unknown and eliminating risk as it presents
its self." <---- protect your capital by closing a part of your order

"Resist the temptation to be scientific and surrounding your self with rules.
Make general observations and then trade those observations boldly." <--
---- the reason he doesn't give specific entries and exits
Trade Your Way as Long as It Makes Money!

Sledge
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Postby Sledge » Wed Feb 03, 2010 4:49 pm

Hi Folks,

I'm going to agree with Alias. This is a discretionary method of trading and by definition that means its un-teachable.

Discretionary: Left to or regulated by one's own discretion or judgment.

Mo,Dragon,ES/Pip and others can lead the horse to water but they can't make it drink for lack of a better term. That is left up to us.

The Entries and exits are the easy parts...they are there. The tough parts (at least for me) are

1) Patience
2) Order Management (the most important part IMO)


That is your trading plan (at least mine) Nothing complicating really, you take what is given to you.

Wait for a set up....wait some more for conformation, Take the trade!

Minimize loss and maximize profit :shock:

Eventually it will all become boring and repetitive that's when you know you got it.

My 2 pips.
Braathen: did u guys know that hemp will most likly play a key role in saving our planet?

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Fxtraveller
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Postby Fxtraveller » Wed Feb 03, 2010 6:11 pm

aliassmith wrote:
Fxtraveller wrote:My 2nd trade on GU, my second loss !! and thats 2/3rds of my profits in January !

my Buys got stopped out at 1.5950


I have not seen a reason to go long yet. I do expect to see something
but there has not been any MoMo or nice looking rat in my opinion.


You have not seen a (good) reason to go long because there was none. Jumped in front of the train, playing support resistance.

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adaseb
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Postby adaseb » Wed Feb 03, 2010 6:45 pm

I think the reason why its harder to trade is due to the lack of volume.

Many traders are sitting on the sidelines and watching instead of trading.

That's how it is in the stock markets at least

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cfabian
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Postby cfabian » Wed Feb 03, 2010 6:49 pm

Pablo, your charts looks too small I cannot tell TF or anything. Would you mind to post bigger charts for the next one?

I wonder if your bargain with MO about your sister worked out? so I can get a sister to bargain too, :D


Cheers


pablo101 wrote:Actually i don't blame MO for dropping it, quite tough to teach by forum really.

I hope this isn't permanent vacation, his insights are always valuable even when not talking about shop! :D

Here's my trades studying MO's stuff

Image

Image

If you look at the 1hr chart to the left, this is the open and close of the four hour overlay, so maybe this is how to trade it. Different TF showing convergence gives a better chance of bounce from around an area level. Dunno, still raw with this info, best i can do at the moment. :roll:
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

MDSEA
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Postby MDSEA » Wed Feb 03, 2010 9:26 pm

Any trades today for GU dragon33? I see the drop and the momo
but didn't find an entry except on 5min. Please can you show chart
and entry if you did jump on this one...

Anybody interested in starting a zline chat room???
Find it better to learn from each other trading this way. Like what
MO said its so hard to learn just from forums especially this
way of trading...

I guess now we can learn from each other since MO is gone.

I started a room hopefully we can get it going.

Paltalk - Room name - ZLINE

http://express.paltalk.com/index.html?gid=1326352742

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IN-XS
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Postby IN-XS » Wed Feb 03, 2010 9:36 pm

That is a great idea MDSEA! Just signed up to paltalk today, so will have to have a look at the 2 percent club and your zline room. Haven't seen Dragon in a couple of days I would love to see some of his recent charts also. See you in the zline room!

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