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

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vane
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Postby vane » Tue Mar 09, 2010 12:59 pm

Great post FXtraveller, :)

[EDIT]
Last edited by vane on Wed Mar 10, 2010 3:42 am, edited 1 time in total.

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es/pip
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Postby es/pip » Tue Mar 09, 2010 2:37 pm

MightyOne wrote:
cfabian wrote:I saw this setup too, was about to enter at the break of the last and small bullish candle. Hesitated and missed the opportunity to pocket 120 pips. All was clear to me.

Why I hesitated? Because once again was afraid to lose. Last week got nailed heavily, and still hungover from it.

Well, this is how it is.



JESGPY wrote:thanks man!

I marked a MZ incorrectly and missed this huge run down on GU. damm, there goes 70-100 pips.

MZ on 4h
Image

entries in 15m
Image

the good thing is this happens many times in the week.

JUAN


All that you can do is trade the best that you know how; if you go broke then you go broke.

You have to just accept the outcome and place the next trade like you just won 30 in a row.


adding another thought to what MO has stated.

you have to remove the emotion of win or lose from trading. making you have no emotional tie to value of money. Each trade is just a trade and thats all it is, money has to have no value.

its not easy to do, but it can be done.

i still go through it and always will to some degree.

i just moved my risk back down to 2%(on scalping) because i felt uncomfortable on what my lot size had gotten to.


like he said accept what happens and place each trade no matter what

if you do feel uncomfortable---- drop the lot size and build back up


trading= 90% psychological and 10% talent
Bend over and assume the position for another 4 years of hope and change.

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adaseb
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Postby adaseb » Tue Mar 09, 2010 3:18 pm

Fxtraveller wrote:Last lot ;)

The breakout ZLine on a higher TF is the one im most comfy trading.

Good luck.


hey thx for posting these. I had some of these printed out but looks like I missed a few.

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Postby Fxtraveller » Tue Mar 09, 2010 6:53 pm

How blatantly obvious were these?

I cant wait till summer for my academic break, I wont leave the screen for a second :P
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adaseb
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Postby adaseb » Tue Mar 09, 2010 7:04 pm

It almost sounds too easy, doesn't it?

Fxtraveller wrote:How blatantly obvious were these?

I cant wait till summer for my academic break, I wont leave the screen for a second :P

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Postby Fxtraveller » Tue Mar 09, 2010 10:18 pm

adaseb wrote:It almost sounds too easy, doesn't it?

Fxtraveller wrote:How blatantly obvious were these?

I cant wait till summer for my academic break, I wont leave the screen for a second :P


Yeah, like MO says he trades with a 4-pack by his side. I hope to get to the point where I will challenge him who can get wasted as much as possible and still make handsome profits :D

In the mean time I got to stick to my 0.01 lots ;)

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poipen
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Postby poipen » Wed Mar 10, 2010 4:39 am

i hate to be a "leecher" but can anyone point me in the direction of where MO starts explaining Z-lines in the "never lose again" thread?

Btw great trading Fxtraveller ;)
Wise Men Know Their Limits, Great Men Have No Limits.

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Postby Humble » Wed Mar 10, 2010 5:09 am

16th Dec 2008 about page 130 to 140.

If you start reading the NLA thread from page 132 on 13th Dec, you will get a wealth of MO knowledge.

That said someone posted a "repository" of MO's posts, which would be a lot quicker to read. In my case I can no longer access the NLA thread.

Edit: I think a link was posted in this thread.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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poipen
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Postby poipen » Wed Mar 10, 2010 5:31 am

thanks for the help humble ive been slowly making my way through the thread.
Wise Men Know Their Limits, Great Men Have No Limits.

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MightyOne
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Postby MightyOne » Wed Mar 10, 2010 6:15 am

poipen wrote:i hate to be a "leecher" but can anyone point me in the direction of where MO starts explaining Z-lines in the "never lose again" thread?

Btw great trading Fxtraveller ;)


1. Momentum crosses a line to the short side (lines are imaginary :lol:)

2. Price recrosses said line

3. Trade in expectation of price closing lower than said line in the period of time in which momentum has taking place (or 2 periods as a Rat setup is basically a slow burning wick).

4. wait for momentum.

5. liquidate at/below the lowest price.

Now lets say that you got your momo and the next candle broke out and then closed higher than the low extreme.

You can now look for long trades as price has shown an unwillingness to trade lower.

1. wait for momo

2. liquidate at/above the highest prices.

Oh, I saved you so much time :wink:

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