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

[IN-XS]

Just one trade today, but +100 pips! Opened it before I went to work, set a real small SL and came back to check it a few hours later to find it +80 pips, so I waited for it to hit the 1H zline and closed it.

Price tags:

Red = SL
White = Entry & Exit

[bredin]

Nice Trade IN-XS!

G.

[tmanbone]

Just one trade today, but +100 pips! Opened it before I went to work, set a real small SL and came back to check it a few hours later to find it +80 pips, so I waited for it to hit the 1H zline and closed it.

Price tags:

Red = SL
White = Entry & Exit

I like your green up red down ma. + pips a day keeps the margin clerk away.

[noone22]

in "theory" the ZL would be more accurate i guess

Exactly!

Thanx for answers.

But MZone will give you more room "to breathe".

And here is my requested example,
when MZone is wicked, but zeroline is not.
(in assumption, that red line is zeroline and blue rectangle
around it is MZone and "get wicked" means - touch
by any part of a candle's wick)



And yes, I know - this is not a valid zeroline,
and not valid MZone - I've simply quickly drawn
line and rectanglue as an example.

This whole conception - MZone vs zeroline reminds me pivot line.
Everyone knows, that pivot line is major resistance.
But "retrace" from pivot may happen, even if price won't
reach pivot line by N pips, or wicked it by wick by N pips
(where N <= 5-7 pips). So, it is a whole "pivot zone" in play
around pivot line and one need to "be careful" within whole zone
while pivot trading, not just blindly waiting for line to be wicked
(as this event may never happen).

price can wick the zline without reaching the Mzone

And now may I request Fxtraveller' image of quoted event above -
don't quite follow, how this is possible.

[bacoazul]

[img][img]http://i43.tinypic.com/8wljq1.jpg[/img][/img]


Some of the trades i didn't take it because it was
continuation's of previous trades.

[Fxtraveller]

Charts are self- explanatory.

[es/pip]

in "theory" the ZL would be more accurate i guess

Exactly!

Thanx for answers.

But MZone will give you more room "to breathe".

And here is my requested example,
when MZone is wicked, but zeroline is not.
(in assumption, that red line is zeroline and blue rectangle
around it is MZone and "get wicked" means - touch
by any part of a candle's wick)



And yes, I know - this is not a valid zeroline,
and not valid MZone - I've simply quickly drawn
line and rectanglue as an example.

This whole conception - MZone vs zeroline reminds me pivot line.
Everyone knows, that pivot line is major resistance.
But "retrace" from pivot may happen, even if price won't
reach pivot line by N pips, or wicked it by wick by N pips
(where N <= 5-7 pips). So, it is a whole "pivot zone" in play
around pivot line and one need to "be careful" within whole zone
while pivot trading, not just blindly waiting for line to be wicked
(as this event may never happen).

price can wick the zline without reaching the Mzone

And now may I request Fxtraveller' image of quoted event above -
don't quite follow, how this is possible.

Mo responded earlier and said neither-- so i would go with that

it really depends in the context that you are asking the Q when you say "accurate"

just remember that like MO stated---- the line is just a line in the sand

and to the other q above

you can have a zl that is above a MZ--- so if the market comes back and wicks the ZL and never reaches the MZ then it would happen--- i will look and see if i can find an example

[Fxtraveller]

Just to make myself clear, I am not trying to compete in 'who knows more about zlines'.

Explanations from Dragon, MO, es and others helped me a lot. trying to do the same.
You probably dont see my argumentation/examples/ support as valid as Dragon's, MO's and es/pip's (for obvious reasons that im a newbie in trading myself).

The explanations in the pics below are as exhaustive as I can make them. Please ask es/pip, Dragon or MO how true or wrong is what you see below.
(I might discover an inconvenient truth myself ).

Regards.
FxT

[Fxtraveller]

Es/pip,

unwillingly I took an example of where zline is not in a Mzone on consecutive candles, the ones that you love

Cheers.
p.s. im still waiting for EJ to go up, waiting for that closed bull candle on a bigger TF

[es/pip]

Es/pip,

unwillingly I took an example of where zline is not in a Mzone on consecutive candles, the ones that you love

Cheers.
p.s. im still waiting for EJ to go up, waiting for that closed bull candle on a bigger TF

i couldnt take it anymore and bailed on the last h1's move back into that momo

made ok on it i guess---- but was really wanting the upper lines i showed earlier---

i will buy it back if it sets up with something i like