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

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pablo101
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Postby pablo101 » Tue Apr 27, 2010 4:24 pm

Braathen wrote:So heres my try on todays GJ action trading angles.. trying to get price to wrap! for me :)
Also im tryin not to be too systematic.. just using a few angles i see alot on this pair as guide lines.
Some are most likly not in the correct spot (if there is one) and ofc finding angles that wrap around the current angle/equilibrium.
Image


Thanks Bratheen, this is a good chart. The problem I was having is looking at it from one speed only, I see now ... brilliant, thanks.

GJ just friggin died, hoped you stayed in :twisted:

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Braathen
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Postby Braathen » Tue Apr 27, 2010 4:29 pm

hehe yeah it died alright.. i was to convince myself to close but then MO posted this.. hehe

If up even hundreds of pips I am willing to give back ALL OF IT because if I am still holding as the market retraces that means that my plan for the trade is not yet complete.

"How much" is the wrong question to be asking anyways.

The question that you should be asking is what technical reason is there to exit ie is price closing over or not closing over a line.

Considering that there will be many lower lows or higher highs, you should always try to liquidate at the lowest low, highest high, or lowest/highest close.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

flex
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Postby flex » Tue Apr 27, 2010 5:41 pm

hi ppl,

i seem to pick the trades that just don't work. see the picture. well, i SEE the entries that give me some profit, BUT i don't pull out enough to be over all profitable... the other ones, well...
i would love to see some of dragon33's or espip's or any other expert's break even trades or "small losers". how do you SEE if a trade does not work early enough?
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saku82pl
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Postby saku82pl » Tue Apr 27, 2010 6:00 pm

70+, Didn't expect that big drop. I entered for about 35. But still I can't make my account growing. It's like one winner followed by few small losers. Ahhhh :evil:
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cwn6161
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Postby cwn6161 » Tue Apr 27, 2010 6:03 pm

hey flex - what were you aiming for with that first trade? from the picture, I can't see another ZL to shoot for.

If you keep getting losers, try limiting you trades - only take the trade if you see two candles consecutively, where the first has the body of profit and the 2nd has the wick in direction of loss. You'll have to wait more, but you may get better results

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MightyOne
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Postby MightyOne » Tue Apr 27, 2010 6:06 pm

flex wrote:hi ppl,

i seem to pick the trades that just don't work. see the picture. well, i SEE the entries that give me some profit, BUT i don't pull out enough to be over all profitable... the other ones, well...
i would love to see some of dragon33's or espip's or any other expert's break even trades or "small losers". how do you SEE if a trade does not work early enough?


1. Start with TRO's Rat Trade

2. Learn to combine candles using blubbb's custom candle indicator.

3. Continue with the Rat Trade on combined candles

4. Learn about Z-lines and gain a better understanding of when to exit.

5. Make $100 trading no more than 2 micro lots.

6. Learn about XY patterns, Crash Zone, & equilibrium

Then ask questions.

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saku82pl
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Postby saku82pl » Tue Apr 27, 2010 6:10 pm

Mo, where exactly can I read about Rat Trades? Somewhere in NLA?

flex
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Postby flex » Tue Apr 27, 2010 6:16 pm

hi, thanks. don't worry, i'm demoing until i'm profitable there.
the last attempts at rat trading were... worse than my z-line attempts, but i'll give my best! i might be back with some screenshots tomorrow. :)

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MightyOne
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Postby MightyOne » Tue Apr 27, 2010 6:20 pm

saku82pl wrote:Mo, where exactly can I read about Rat Trades? Somewhere in NLA?


Just posted the rules here:

http://kreslik.com/forums/viewtopic.php?p=38848#38848

and you can search through here:

http://kreslik.com/forums/viewtopic.php?t=2095&start=0

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saku82pl
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Postby saku82pl » Tue Apr 27, 2010 6:30 pm

MightyOne wrote:
saku82pl wrote:Mo, where exactly can I read about Rat Trades? Somewhere in NLA?


Just posted the rules here:

http://kreslik.com/forums/viewtopic.php?p=38848#38848

and you can search through here:

http://kreslik.com/forums/viewtopic.php?t=2095&start=0


cheers mate ;)

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