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

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cfabian
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Postby cfabian » Thu Apr 08, 2010 1:50 pm

Thanks...

gootson wrote:
cfabian wrote:saku82pl, very nice.
Yes it was an early entry. You can see it cleary on D1.

BTW, what's the indicator you use to show H4 and D1? Can you share?

Cheers


saku82pl wrote:good 60 pips, 1/3 on +25, another 1/3 on +30 and last 1/3 on +60
I lost 18p trying to catch same trade but it was too early
Its a pipwere minichart and You can get it from here:
http://www.metatrader.pipware.com/mini-charts.html
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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newark18
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Postby newark18 » Thu Apr 08, 2010 2:06 pm

Nevermind.
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Thu Apr 08, 2010 5:51 pm

I've read thru pretty much all of NLA and didn't catch the answer to this question. When ZLs are drawn by blubbb's indicator, they are generally drawn at the edge of the body of a momo candle. But when I see other people draw their own ZLs, I sometimes see that they are drawn from the breakout of a candle previous to the momo candle. Can someone explain why? And help me determine when I should use the breakout? Much appreciated. Thanks.

btw, those minicharts are awesome.
Failure is an opportunity to learn.

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es/pip
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Postby es/pip » Thu Apr 08, 2010 6:00 pm

newark18 wrote:I've read thru pretty much all of NLA and didn't catch the answer to this question. When ZLs are drawn by blubbb's indicator, they are generally drawn at the edge of the body of a momo candle. But when I see other people draw their own ZLs, I sometimes see that they are drawn from the breakout of a candle previous to the momo candle. Can someone explain why? And help me determine when I should use the breakout? Much appreciated. Thanks.

btw, those minicharts are awesome.


not really an answer for that

it is just marking a breakout where there is held profit

there is held profit from both the body and the wick

its a little subjective

both would be correct
Bend over and assume the position for another 4 years of hope and change.

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MightyOne
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Postby MightyOne » Thu Apr 08, 2010 6:30 pm

es/pip wrote:
newark18 wrote:I've read thru pretty much all of NLA and didn't catch the answer to this question. When ZLs are drawn by blubbb's indicator, they are generally drawn at the edge of the body of a momo candle. But when I see other people draw their own ZLs, I sometimes see that they are drawn from the breakout of a candle previous to the momo candle. Can someone explain why? And help me determine when I should use the breakout? Much appreciated. Thanks.

btw, those minicharts are awesome.


not really an answer for that

it is just marking a breakout where there is held profit

there is held profit from both the body and the wick

its a little subjective

both would be correct


The midpoint of a momo candle's real body is ~ where the equilibrium line will be.

All you are doing is finding a horizontal point at which price will likely cross but not close beyond.

THIS IS JUST AN EXAMPLE:

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newark18
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Postby newark18 » Thu Apr 08, 2010 6:32 pm

Do you consider it held profit regardless of candle color? For instance, the momo candle is green, is the breakout considered an area of held profit regardless of color? And how many bars back can you go? Use the breakout of candle hugging the momo candle? I've seen people go back many bars.
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MightyOne
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Postby MightyOne » Thu Apr 08, 2010 6:35 pm

newark18 wrote:Do you consider it held profit regardless of candle color? For instance, the momo candle is green, is the breakout considered an area of held profit regardless of color? And how many bars back can you go? Use the breakout of candle hugging the momo candle? I've seen people go back many bars.


Only a few candles from momo...

It depends on how far up the time frames there is momo.

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saku82pl
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Postby saku82pl » Thu Apr 08, 2010 6:40 pm

another 60p, i lost 11 trying to catch it,
i think i should try to put more lots next time as the price goes my why
was there anybody at the same trade today??
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newark18
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Postby newark18 » Thu Apr 08, 2010 6:42 pm

What would be nice is an indicator that will automatically mark the half way point of a momo candle. I can eyeball it or use the trend line but it would be something less to think about. Is there anything like that? I know there was one that split the candle into thirds.
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MightyOne
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Postby MightyOne » Thu Apr 08, 2010 6:45 pm

newark18 wrote:What would be nice is an indicator that will automatically mark the half way point of a momo candle. I can eyeball it or use the trend line but it would be something less to think about. Is there anything like that? I know there was one that split the candle into thirds.


The idea is to use your brain more so that you will have an edge in the future :lol:

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Last edited by MightyOne on Thu Apr 08, 2010 6:49 pm, edited 1 time in total.

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