My ultimately favourite trading conditions are when
1) on top of clear BO point identified as a Zline AND
2) a strong preceding D1 candle on my side
there also is
3) statistical edge, as in there are 3-4 consecutive candles of retracement
Thank you MO, Thank you TRO !
FxT.
lukx zline trading log + cfabian p.35 + adaseb p.48
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es/pip wrote:Fxtraveller wrote:Fxtraveller wrote:EJ forecast.
Would anybody else like to post their analysis/forecasts/ what they see?
Pics of trades that already happened are of course very useful, but im sure that sharing how we see what will happen in the near future with explanations would also be beneficial.
As the saying goes: combined effort creates a greater output than if used separately, or 1+1=3
Cheers everybody.
FxT.
P.s. Thanks Fx-JEDI for your contribution on GBPJPY!
i am long off the bottom and looking for the upper lines
what will happen?
i have no idea--- but it looks up to me
then when/if we get to the lines i will make a decision if i want to play it short back down again
not looking as stellar as before
maybe MO will step in and buy the EJ for me and support it with massive size
Bend over and assume the position for another 4 years of hope and change.
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es/pip wrote:es/pip wrote:Fxtraveller wrote:Fxtraveller wrote:EJ forecast.
Would anybody else like to post their analysis/forecasts/ what they see?
Pics of trades that already happened are of course very useful, but im sure that sharing how we see what will happen in the near future with explanations would also be beneficial.
As the saying goes: combined effort creates a greater output than if used separately, or 1+1=3
Cheers everybody.
FxT.
P.s. Thanks Fx-JEDI for your contribution on GBPJPY!
i am long off the bottom and looking for the upper lines
what will happen?
i have no idea--- but it looks up to me
then when/if we get to the lines i will make a decision if i want to play it short back down again
not looking as stellar as before
maybe MO will step in and buy the EJ for me and support it with massive size
personally still waiting for a H1/H4 candle to close above the blue box zone (where sellers still hold their ground) that I identified...
time will tell
Fxtraveller wrote:es/pip wrote:es/pip wrote:Fxtraveller wrote:Fxtraveller wrote:EJ forecast.
Would anybody else like to post their analysis/forecasts/ what they see?
Pics of trades that already happened are of course very useful, but im sure that sharing how we see what will happen in the near future with explanations would also be beneficial.
As the saying goes: combined effort creates a greater output than if used separately, or 1+1=3
Cheers everybody.
FxT.
P.s. Thanks Fx-JEDI for your contribution on GBPJPY!
i am long off the bottom and looking for the upper lines
what will happen?
i have no idea--- but it looks up to me
then when/if we get to the lines i will make a decision if i want to play it short back down again
not looking as stellar as before
maybe MO will step in and buy the EJ for me and support it with massive size
personally still waiting for a H1/H4 candle to close above the blue box zone (where sellers still hold their ground) that I identified...
time will tell
i am with ya
i am in so low i can afford to see what happens
Bend over and assume the position for another 4 years of hope and change.
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Fxtraveller wrote:ALthough question not addressed to me, I believe you misunderstood the whole thing. The zline IS situated (somewhere) within a mighty zone. Asking which one is better/ precise to me is like asking 'is it better to breathe with air or oxygen?
It's better to breathe with ... ozon (because it's O***3 as
compared O**2).
You misunderstood my question.
Zeroline is line, MightyZone is area (which is much
more wider). One cannot compare them -
because they have different dimension.
My question is not so stupid, as you think.
For example, if one say "Price wicked MightyZone".
According to your definition,
price has wicked the zeroline and also wicked the MightZone.
Do I need to draw you example,
when price "wicked" the Zone, but hasn't wicked the line?
And my question stays outstanding,
I want to hear answer from Master himself
(in fact, he already asked you all this question
in NLA thread, but nobody answered).
noone22 wrote:Fxtraveller wrote:ALthough question not addressed to me, I believe you misunderstood the whole thing. The zline IS situated (somewhere) within a mighty zone. Asking which one is better/ precise to me is like asking 'is it better to breathe with air or oxygen?
It's better to breathe with ... ozon (because it's O***3 as
compared O**2).
You misunderstood my question.
Zeroline is line, MightyZone is area (which is much
more wider). One cannot compare them -
because they have different dimension.
My question is not so stupid, as you think.
For example, if one say "Price wicked MightyZone".
According to your definition,
price has wicked the zeroline and also wicked the MightZone.
Do I need to draw you example,
when price "wicked" the Zone, but hasn't wicked the line?
And my question stays outstanding,
I want to hear answer from Master himself
(in fact, he already asked you all this question
in NLA thread, but nobody answered).
no reason to get all riled up, no one said your q was stupid
i am sure MO will answer.
but what fx was saying was
you have a MZ say on a h4--- which is a large area--- inside that MZ you have a H4 ZL, some H1 Zl, some m30 ZL, some m15 zl, some m5 ZL and some m1 ZL all inside that h4 MZ
in "theory" the ZL would be more accurate i guess
the MZ is marking a 50% of increase in momo--- you have a bunch of possible ZL inside that---bec a Zl marks held profit
Bend over and assume the position for another 4 years of hope and change.
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noone22 wrote:Fxtraveller wrote:ALthough question not addressed to me, I believe you misunderstood the whole thing. The zline IS situated (somewhere) within a mighty zone. Asking which one is better/ precise to me is like asking 'is it better to breathe with air or oxygen?
It's better to breathe with ... ozon (because it's O***3 as
compared O**2).
You misunderstood my question.
Zeroline is line, MightyZone is area (which is much
more wider). One cannot compare them -
because they have different dimension.
My question is not so stupid, as you think.
For example, if one say "Price wicked MightyZone".
According to your definition,
price has wicked the zeroline and also wicked the MightZone.
Do I need to draw you example,
when price "wicked" the Zone, but hasn't wicked the line?
And my question stays outstanding,
I want to hear answer from Master himself
(in fact, he already asked you all this question
in NLA thread, but nobody answered).
I never said the question was stupid.
But in my understanding price enters the migthy zone and eventually wicks the zline.
To me price entering in the zone and 'not wicking / reaching the zline' is contradictory and nonsense....
On the other side, price can wick the zline without reaching the Mzone (50% of the candle). This means that money ran out and traders gave their money away before the 50% Mzone.
In any case, in my opinion the concept of 50% of momo candle only exists to idenitfy a 'safer trade area' wich allows to minimise RISK. It is during in the (roughly)first 50% of a true momo candle that most traders get in, and that is where it is relatively safe to get back in if Price retraces.
And you put your SL just beyond the 50% of the Mozone, dont you? I do. Because if price closes beyond Mozone, this means that now the opposite side (winners or buyers) is winning!
seeing it as a 'magic area' where price bounces back is then comparable to believing that price bounces on or off some random Moving Average.
(im not saying you said that, just extra thoughts)
I would love to see you draw an example.
Also waiting for MO's comment.
Regards.
FxT
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