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

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newark18
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Postby newark18 » Thu Mar 25, 2010 5:07 pm

Man, I didn't post that picture up correctly
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Thu Mar 25, 2010 5:20 pm

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.

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newark18
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Postby newark18 » Thu Mar 25, 2010 5:38 pm

I realize that I could have had the first green after the 1 but I was wondering if entry at 2 would be too late?
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Thu Mar 25, 2010 6:04 pm

noone22 wrote:
es/pip wrote:I agree that fibs dont matter


OK, discretiaonal traders don't believe in Fibs.

The most funny definition of Fib and pivot lines,
I've ever heard is something like this:

They don't exist in reality, they are imaginery,
calculated & created by some "gurus",
exist on paper and in the books only,
but because too many traders read and heard about them,
they (traders) are watching these levels and putting
their orders (both Buy & Sell ones) in close proximity
of these lines, and that's why they (lines) are working for some
or not working for the majority of others.

It's seems to be some kind of special "zero-fib-line",
where ones are taking profit, and others are grabbing
profit from them.

I'm not discretional trader, but I'm starting to believe
in the above definition more & more.


Noone22 I know that you want to believe it is real but it is just a load of crap.

Once you understand the mind of the breakout / retracement trader and the magnitude of the chart (daily+ extremes) then you have everything.

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Fxtraveller
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Postby Fxtraveller » Thu Mar 25, 2010 7:11 pm

This SELL is going to be SWEET!
Attachments
gu h111.gif
gu h111.gif (12.63 KiB) Viewed 1021 times
gu h4 sell.gif
gu h4 sell.gif (13.47 KiB) Viewed 1021 times

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MightyOne
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Postby MightyOne » Thu Mar 25, 2010 7:27 pm

It is like a book smart novice sitting down at the poker table.

You know what he is thinking so his numbers do not mean squat!

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Fxtraveller
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Postby Fxtraveller » Thu Mar 25, 2010 7:57 pm

I think I will stay up all night (im GMT 00) for the GU sell...

anybody else waiting for the opportunity if/once it arises?

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adaseb
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Postby adaseb » Thu Mar 25, 2010 8:15 pm

Fxtraveller wrote:I think I will stay up all night (im GMT 00) for the GU sell...

anybody else waiting for the opportunity if/once it arises?


Tomorrow is going to be a good day to trade. No news to mess up our trades.

spa
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Postby spa » Thu Mar 25, 2010 9:10 pm

MightyOne wrote:It is like a book smart novice sitting down at the poker table.

You know what he is thinking so his numbers do not mean squat!

Image


some charts I get, but some just fly by, this one being one of those..

i see the breakout and the breakout traders being zeroed out(maybe that should be enough) but the rectangles which in hindsight look like decent targets i just don't get.. not to mention the previous chart which is a complete mystery.. ..

PS usually just follow quietly but i got a feeling there are more like me who look at this stuff and just don't get it

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es/pip
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Postby es/pip » Thu Mar 25, 2010 9:29 pm

spa wrote:
MightyOne wrote:It is like a book smart novice sitting down at the poker table.

You know what he is thinking so his numbers do not mean squat!

Image


some charts I get, but some just fly by, this one being one of those..

i see the breakout and the breakout traders being zeroed out(maybe that should be enough) but the rectangles which in hindsight look like decent targets i just don't get.. not to mention the previous chart which is a complete mystery.. ..

PS usually just follow quietly but i got a feeling there are more like me who look at this stuff and just don't get it


you have a break out

those traders get taken out at break even

you have a pivot low

they run the stops to (a place where most people have their stops) based on MO's observation of that amount
they take it up with out all the guys that got stopped out

boxes look like his target1 and target 2 based on that other thing he was showing

the other chart would take too much energy for me to explain right now
Bend over and assume the position for another 4 years of hope and change.

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