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

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bacoazul
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Postby bacoazul » Wed Mar 24, 2010 1:42 am

My last trade on ej, just scalp with MOMO and wick's

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es/pip
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Postby es/pip » Wed Mar 24, 2010 2:07 am

lol

back in

10 pip stop

150 pip target

in off the h1 dbl bottom

will most likely just leave this on and whatever happens happens
Bend over and assume the position for another 4 years of hope and change.

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noone22
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Postby noone22 » Wed Mar 24, 2010 3:32 am

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


Thank you for detailed answers.

It's not necesary to remind a current struggling
2-nd time reader of 777-pages NLA thread,
where is the place to go.

My point was as follows:
Imagine 2 imaginary traders - one drawing zerolines,
second - drawing MZones only (you may not find one in reality,
but I'm repeating - imagine).

I'm (as novice) asking advice from these 2 traders - which one
of their 2 instruments is better to use for more precise measurement
of event - when reference (being a line or zone) is wicked: line
or zone.

I already know the answer and arguments of both,
I'm just seeking confirmation for myself.

And your 3rd picture doesn't look like a good example for me.
Would I be a zeroLINE (i.e. using lines only) trader # 1 in this
example, at time when candle A closes - I would draw a zeroline
at 1/4 of candle A lower
(starting from Open of last (before A) white candle).
I would have no idea, that some "actual" zeroline would be drawn at point B -
because at that time it would in a future for me,
I cannot be even sure, that price will ever return back somewhere
lower of candle A close (at point of time of candle A closing).
Thus he'll be making his analysis from his zeroline, drawn much lower,
than your point B.
So,
for zeroLINE trader # 1 event of wicking his line would never happen.

It won't even happen for 2nd trader (MZone one, using blue zone only)
on your pic, but assuming point B would be inside blue MZone
(as in my example), event of touching reference (Zone)
would happen for trader # 2.

As a result, we'll have 2 different traders, using 2 different tools
and having 2 different conclusions, based on the same chart.
QED ("that which was to be demonstrated").

N.B: I'm not talking about any trading decisions here, all I was
curious about - is line vs zone (pure geometry).

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bredin
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Postby bredin » Wed Mar 24, 2010 3:42 am

noone, they both approximate to "about here". There is not a lot of If A Then B in trading, its all probabilities. A probability defines an edge.
Both these techniques are for getting a better entry price (and thus a tighter stop, thus greater profit from the same move) than conventional methods manage.

The gist of this is Have A Play And Post Some Charts For The Guys What Know What They Is Doing To Comment On. Do not be overly concerned at this stage with your exact profitability, that will come as you get better at reading PA, and exploiting position size.

G.
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aliassmith
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Postby aliassmith » Wed Mar 24, 2010 3:50 am

noone22 wrote:
Fxtraveller wrote:Just to make myself clear, I am not trying to
compete in 'who knows more about zlines'


Thank you for detailed answers.

It's not necesary to remind a current struggling
2-nd time reader of 777-pages NLA thread,
where is the place to go.

My point was as follows:
Imagine 2 imaginary traders - one drawing zerolines,
second - drawing MZones only (you may not find one in reality,
but I'm repeating - imagine).

I'm (as novice) asking advice from these 2 traders - which one
of their 2 instruments is better to use for more precise measurement
of event - when reference (being a line or zone) is wicked: line
or zone.

I already know the answer and arguments of both,
I'm just seeking confirmation for myself.

And your 3rd picture doesn't look like a good example for me.
Would I be a zeroLINE (i.e. using lines only) trader # 1 in this
example, at time when candle A closes - I would draw a zeroline
at 1/4 of candle A lower
(starting from Open of last (before A) white candle).
I would have no idea, that some "actual" zeroline would be drawn at point B -
because at that time it would in a future for me,
I cannot be even sure, that price will ever return back somewhere
lower of candle A close (at point of time of candle A closing).
Thus he'll be making his analysis from his zeroline, drawn much lower,
than your point B.
So,
for zeroLINE trader # 1 event of wicking his line would never happen.

It won't even happen for 2nd trader (MZone one, using blue zone only)
on your pic, but assuming point B would be inside blue MZone
(as in my example), event of touching reference (Zone)
would happen for trader # 2.

As a result, we'll have 2 different traders, using 2 different tools
and having 2 different conclusions, based on the same chart.
QED ("that which was to be demonstrated").

N.B: I'm not talking about any trading decisions here, all I was
curious about - is line vs zone (pure geometry).


Maybe I didn't read something right, but did you mention wicking of the
MightyZone?

I don't think that was the intended "play" of the MightyZone. I believe
the MightyZone is only a reference area, more or less used as risk control.

The deeper we can initiate trades within this zone the less risk we assume.

Waiting for price on a large timeframe chart to enter the MightyZone is
phase one. Phase two would be to determine where you think the zeroline
will be in this area and make entries based on smaller timeframe.

To sum it up:
The MightyZone is an area to control risk
The zeroline is some line within the MightyZone where the herd trader
will most likely zero out and price will reverse.

So in your examples why would traders use one without the other?

My understanding is they would go hand in hand.
Trade Your Way as Long as It Makes Money!

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Humble
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Postby Humble » Wed Mar 24, 2010 5:39 am

So noone, are you a Scientist, an Engineer or a Physicist?
If you tell me a Physicist is a Scientist you are missing my point!

MO just looks at a chart and sees what the market is doing. How do you explain that to someone who doesn't have this insight? To help us he needs to find ways to draw our focus to certain aspects of a chart.

In the case of memo, there was no precision offered, nothing that you can measure. Just the belief that if enough people watched how PA reacted to a MZ and any ZL that may be present, eventually a few people would get it.

It is no surprise to me that those who did so first of, where traders. That is to say the likes of es/pip and dragon were already able to trade in a profitable manor.

IMHO in case it helps.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bacoazul
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Postby bacoazul » Wed Mar 24, 2010 6:00 am

3 more trades, 1 lose on ej, 1 win on ej and 1 win on gu,
i cut profit too earlier because i make a lot of trades short
on this 2 pairs already and that scares me, but price can
always go lower.

Image

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noone22
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Postby noone22 » Wed Mar 24, 2010 8:32 am

You guys are incredible!

Thank you for your answers
to my comparison seeking between 2 tools.
It was just academic interest, by the way.

I could only imagine your comments
once I'll start to post my "real" ugly zerolines.

Fxtraveller
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Postby Fxtraveller » Wed Mar 24, 2010 8:49 am

noone22 wrote:
Fxtraveller wrote:Just to make myself clear, I am not trying to
compete in 'who knows more about zlines'


Thank you for detailed answers.

It's not necesary to remind a current struggling
2-nd time reader of 777-pages NLA thread,
where is the place to go.

My point was as follows:
Imagine 2 imaginary traders - one drawing zerolines,
second - drawing MZones only (you may not find one in reality,
but I'm repeating - imagine).

I'm (as novice) asking advice from these 2 traders - which one
of their 2 instruments is better to use for more precise measurement
of event - when reference (being a line or zone) is wicked: line
or zone.

I already know the answer and arguments of both,
I'm just seeking confirmation for myself.

And your 3rd picture doesn't look like a good example for me.
Would I be a zeroLINE (i.e. using lines only) trader # 1 in this
example, at time when candle A closes - I would draw a zeroline
at 1/4 of candle A lower
(starting from Open of last (before A) white candle).
I would have no idea, that some "actual" zeroline would be drawn at point B -
because at that time it would in a future for me,
I cannot be even sure, that price will ever return back somewhere
lower of candle A close (at point of time of candle A closing).
Thus he'll be making his analysis from his zeroline, drawn much lower,
than your point B.
So,
for zeroLINE trader # 1 event of wicking his line would never happen.

It won't even happen for 2nd trader (MZone one, using blue zone only)
on your pic, but assuming point B would be inside blue MZone
(as in my example), event of touching reference (Zone)
would happen for trader # 2.

As a result, we'll have 2 different traders, using 2 different tools
and having 2 different conclusions, based on the same chart.
QED ("that which was to be demonstrated").

N.B: I'm not talking about any trading decisions here, all I was
curious about - is line vs zone (pure geometry).



MightyZOne and Zline are as different as darkness and blackness.

Please refer to MO's answer to your question if needed.

I tried.

Regards.
FxT.

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bacoazul
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Postby bacoazul » Wed Mar 24, 2010 9:24 am

Let's see how this EJ long goes, because the
1H chart looks ugly

Image

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