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

[MightyOne]

I know it's a long read but it would be well worth your time to read through the Never Lose Again thread, if I'm not mistaken somewhere starting with page 130. You will get a good grasp on MO's zline/mighty zone methodology. This is what most of the traders in this thread are pursuing. Dragon33, es/pip, adaseb and quite a few others have a good grasp on it. MO has started a new thread, it should be interesting, you can find it here: http://kreslik.com/forums/viewtopic.php?t=2406. He was born to trade.

I am of much greater help to a long(er) term trader than I am to a scalper.

Never the less this is how I would see it on an H1:

[N2FX]

Mighty One, I don't even know where to start, or what to ask?
Do you draw the box yourself, do you count candles, does it look short or long by your drawings.
Sorry, I see the chart, and cannot see what your thinking.
N2

[MightyOne]

Mighty One, I don't even know where to start, or what to ask?
Do you draw the box yourself, do you count candles, does it look short or long by your drawings.
Sorry, I see the chart, and cannot see what your thinking.
N2

The boxes are custom candles plotted using the Blubbb_CustomCandle indicator.

Individual candles of a chosen time frame are of little significance because you cannot expect momentum to confine its self to a rigid time frame.

Think of a single candle as a droplet of water which collects with other droplets, on an uneven surface, gaining momentum and thus defining direction.

The discussion of momo is very complex and is more than I can fit in a single post.

To answer your question:

When a candle (as a unit) closes below a line, that you believe to be support, then it is best to assume that you are wrong.

If a candle closes below a line that you believe to be resistance then assume you are right until you are proven incorrect.

[Fxtraveller]

'When a candle (as a unit) closes below a line, that you believe to be support, then it is best to assume that you are wrong.

If a candle closes below a line that you believe to be resistance then assume you are right until you are proven incorrect.'


ROFL

[MightyOne]

'When a candle (as a unit) closes below a line, that you believe to be support, then it is best to assume that you are wrong.

If a candle closes below a line that you believe to be resistance then assume you are right until you are proven incorrect.'


ROFL

How else am I going to sum up a year of posting

A few things that you should be aware about me is that I use a lot of short hand (drives TRO bonkers).

I am not the slightest bit interested in teaching you or anyone else how to trade a system.

If I can help shape the way that you see then everything else falls into place.

[Braathen]

GU going up.. trying to break further but failed.. oh goodie.

[Braathen]

Heres a 15m example i just took.. another fail and turn. could
have taken this further but just bagged it as i need to go shopping
Goal met and im off !
Hey Mo.. nice new thread u made.. gonna dive in when i get some time.

[IN-XS]

Good day today, took two trades on GU. First one from the top short and second one at the bottom long. Around 137 pips, now I am waiting for another setup.

[Fxtraveller]

--EDIT

[Fxtraveller]

'When a candle (as a unit) closes below a line, that you believe to be support, then it is best to assume that you are wrong.

If a candle closes below a line that you believe to be resistance then assume you are right until you are proven incorrect.'


ROFL

How else am I going to sum up a year of posting

A few things that you should be aware about me is that I use a lot of short hand (drives TRO bonkers).

I am not the slightest bit interested in teaching you or anyone else how to trade a system.

If I can help shape the way that you see then everything else falls into place.

I did laugh, but what I meant was that I appreciate your way of handling words and explanations:) Very creative