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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Thu Mar 25, 2010 1:40 pm

es/pip wrote:
newark18 wrote:Wow, I've been sitting down and reading (trying to absorb as much of MO's posts and ES/PIP's posts as possible). And I have definitely learned alot. But I still have much more reading to do. One question to those who follow bodies in the direction of profit and wicks in the direction of loss. The candle with the body in the direction of profit closes. And the next candle showing the wick in the direction of loss forms. I assume that we must let this candle close to ensure it is a wick in the direction of loss. And then try to enter somewhere in the wick during the following (3rd candle). Can someone please confirm? Thanks.


the zl is marking where the held profit is----- it is also just a line--- a line in the sand

you want to be in as close to the line as you can

but the line is not an entry signal


I'm not sure if I understand. I thought "bodies in the direction of profit and wicks in the direction of loss" was a safe entry point and indication of direction.
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Thu Mar 25, 2010 1:44 pm

newark18 wrote:
es/pip wrote:
newark18 wrote:Wow, I've been sitting down and reading (trying to absorb as much of MO's posts and ES/PIP's posts as possible). And I have definitely learned alot. But I still have much more reading to do. One question to those who follow bodies in the direction of profit and wicks in the direction of loss. The candle with the body in the direction of profit closes. And the next candle showing the wick in the direction of loss forms. I assume that we must let this candle close to ensure it is a wick in the direction of loss. And then try to enter somewhere in the wick during the following (3rd candle). Can someone please confirm? Thanks.


the zl is marking where the held profit is----- it is also just a line--- a line in the sand

you want to be in as close to the line as you can

but the line is not an entry signal


I'm not sure if I understand. I thought "bodies in the direction of profit and wicks in the direction of loss" was a safe entry point and indication of direction.


that is correct

but i would want to try and be in on candle 2 vrs candle 3--- if candle 1 is the momo

all i was saying is you want to get the best price that you can get----- without just blindly buying/selling the line

sometimes i get it on candle 3------ it is just different on every trade--- based on whatever the PA looks like
Bend over and assume the position for another 4 years of hope and change.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Thu Mar 25, 2010 1:47 pm

btw, I am only 1/3 through NLA thread and I have accumulated pages and pages of charts from you and MO. I have been focusing on MO posts, as you can understand, but you have been very generous with your charts as well. I am learning a lot. So thanks.
Failure is an opportunity to learn.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Thu Mar 25, 2010 1:54 pm

newark18 wrote:btw, I am only 1/3 through NLA thread and I have accumulated pages and pages of charts from you and MO. I have been focusing on MO posts, as you can understand, but you have been very generous with your charts as well. I am learning a lot. So thanks.


just focus on MO's and Dragon's posts ----

thats what i did


its all explained in their charts and posts
Bend over and assume the position for another 4 years of hope and change.

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Thu Mar 25, 2010 2:17 pm

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Thu Mar 25, 2010 2:20 pm

adaseb wrote:Image


i dont


i just watch the PA and make decisions on whatever it does
Bend over and assume the position for another 4 years of hope and change.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Thu Mar 25, 2010 2:27 pm

Braathen wrote:Oh and look es/pip.. we made it.. and i even took a 40 pip short last night on it..up and down.. up and down :P


lol nice
Bend over and assume the position for another 4 years of hope and change.

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu Mar 25, 2010 2:42 pm

Braathen wrote:No worries FX m8.. your doing well man.. keep it up!


Thanks. I was GAMBLING back what I lost while GAMBLING back what I lost using normal lot size on GU :D

Bought GU with normal size (0.03)
Lost
Sold GU with 0.5
Lost (9 pips, 30 euros)

Pulled mah s**t together, used analysis, Gambled back half of what I lost. Im not touching Mtrader this month anymore, want to close it with current +2% profit ;)

Looks like GU will break multi day and the weekly low... maybe I will Sell GU later, but with normal lot

Will post my mistake later, analysis why it was a mistake, and hope to get responses.
Cheers.
FxT
Attachments
worksp.gif
worksp.gif (53.57 KiB) Viewed 859 times

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Thu Mar 25, 2010 5:04 pm

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

Image


took it up to the 2nd target from the original daily chart i posted

out of the euro trade when the last h1 bar failed at that pivot

will see what happens with it later

Image
Bend over and assume the position for another 4 years of hope and change.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Thu Mar 25, 2010 5:06 pm

Can someone tell me if I am reading this chart correctly?
Image

The red bar labeled 1 created a zline and a body in the direction of profit. I should have sat back in that area until the green bar labeled 2 wicked me into a short trade towards the black H1 zline. Number 2 bar is a few bars after number 1 so I wasn't sure if this entry was correct.

Number 3 green bar created a zline marked with red line. Could I have entered into the trade at bar 4? Or did I lose all momo?
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”