Yeah that makes perfect sense to me, es/pip
The important thing imho is that your entry has to be as close as possible to where the pivot is ("Failed new low, best entry down here"). The longer you wait, the more people have smelled blood, the higher the risk and the lower the probability of a positive trade become.
lukx zline trading log + cfabian p.35 + adaseb p.48
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- pablo101
- rank: 500+ posts
- Posts: 973
- Joined: Tue Jun 30, 2009 3:10 pm
- Reputation: 43
- Real name: Pete
- Gender:
Braathen wrote:Ok lukx.. im glad you read it then.. i just felt maybe i was putting you down.. i know how hard this can be to grasp.. but more details and more planned trades.. like this for eksample:
Thursday 12.Nov.. (this is my trade from yesterday)
I have been waiting for price to hit this zone for a while and finnaly we got here. 4H showing zone (largest correction in most recent shot up..i found this to be a good zone genrally but has to be on large TF's.. 1H minimum)
When price gets close to my zone i go down to the 5m to catch my entry as shown in the 5m pic
(this is not ment to sound like trade like this but more like post detail something like this.. larger pics ie. zoomed out more and ofc ever important reason of the trade) Gl today lukx
Thanks Bratheen, the H4 was as clear as day
WAS A YALE STUDENT. Now? Let's see!
- pablo101
- rank: 500+ posts
- Posts: 973
- Joined: Tue Jun 30, 2009 3:10 pm
- Reputation: 43
- Real name: Pete
- Gender:
es/pip wrote:lukx wrote:getting ready for long ?
But on the other hand I got fresh momo short on 1h, but there is momo long on 4h, and I'm close to momo short on daily.... this is why I'm usually taking wrong side I have no idea which one is the right direction.
not sure if any of this will make sense to anyone but me
this is just how i see this stuff
it makes clear sense to me, not sure how else to explain how i look at it
should be thinking long not short--- if we were higher on the daily i would have disregarded the h4 momo and would have been looking short bec we were zl'ing the daily guys---- but we were not up in that area yet so i am thinking take the shorts held profit
daily--- momo down but held profit is into that momo so you want to trade into it and take the held profit
h4 is showing they are wanting to shoot for that on the daily, and especially after the failed new low
h1- is short right back into the h4 long momo
Thanks for the charts ES, this helps me also.
Always tricky to learn trading from a website that has many diverse traders from all different backgrounds/personalities with individual comments. Not forgetting the people learning trading who can interpret comments differently either by looking at charts or through the English language! But I guess this is a good thing as there are many ways to make the money.
Keep it going Lukx, I'm glad to see you didn't just pack it in but I think you're almost seeing something.... from one newbie to another
WAS A YALE STUDENT. Now? Let's see!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.