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

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bacoazul
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Postby bacoazul » Wed May 12, 2010 9:45 am

Hey MO, es/pip or anyone that want to give
me some feedback on this trade, i was trying
to find an entrie in this area:

Image

But i couldn't find a good/little risk entrie
even in the 5Min chart:

Image

Maybe any of you guys take this trade, or have
an advice to were u could toke it.

Ty in advance.
These are my principles. If you don't like them, I have others.

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pablo101
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Postby pablo101 » Wed May 12, 2010 9:49 am

lukx wrote:I got lucky today :)

Image


not luck, that's skill, spot on! :smt023

wait for two trades like this a week and you'll get a dream honeymoon in no time, congrats btw :)

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pablo101
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Postby pablo101 » Wed May 12, 2010 9:53 am

Man, was sooooo tempted to hold on to this for the medium term ...

And chickened out on the retrace buy at the top blue line :oops:

Image

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newark18
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Postby newark18 » Wed May 12, 2010 10:05 am

That looked like a good hedge to me. Gained about 70 pips because of that.
Failure is an opportunity to learn.

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Braathen
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Postby Braathen » Wed May 12, 2010 10:08 am

Baco.. what im seeing is..
Momo up to target1.. retrace.. momo high breached and BO traders gone long? Fast and neatlly instant retrace.. shakeout. zline and up again.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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es/pip
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Postby es/pip » Wed May 12, 2010 11:12 am

bacoazul wrote:Hey MO, es/pip or anyone that want to give
me some feedback on this trade, i was trying
to find an entrie in this area:

Image

But i couldn't find a good/little risk entrie
even in the 5Min chart:

Image

Maybe any of you guys take this trade, or have
an advice to were u could toke it.

Ty in advance.


i scalped out of there for a few

tough to get in on momo and retrace bec there was not any retrace---- but that was the entry


this is what i did

m15 down momo bar

next bar couldn't bounce at all

sell

cover at m15 zl

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

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bacoazul
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Postby bacoazul » Wed May 12, 2010 11:51 am

Braathen wrote:Baco.. what im seeing is..
Momo up to target1.. retrace.. momo high breached and BO traders gone long? Fast and neatlly instant retrace.. shakeout. zline and up again.


Ty Braathen i see what your saying

es/pip wrote:
bacoazul wrote:Hey MO, es/pip or anyone that want to give
me some feedback on this trade, i was trying
to find an entrie in this area:

Image

But i couldn't find a good/little risk entrie
even in the 5Min chart:

Image

Maybe any of you guys take this trade, or have
an advice to were u could toke it.

Ty in advance.


i scalped out of there for a few

tough to get in on momo and retrace bec there was not any retrace---- but that was the entry


this is what i did

m15 down momo bar

next bar couldn't bounce at all

sell

cover at m15 zl

Image


Ty Es/pip , i was thinking the same thing
but on the 5min chart, i see how 1 bar make
not retrace, the next one neither, the 3rd bar
can't make it neither and the next bar just die.
I did not make my entrie there because it look
too risky, but is nice to see that i was seeing
the same as you :D
These are my principles. If you don't like them, I have others.

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es/pip
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Postby es/pip » Wed May 12, 2010 12:07 pm

bacoazul wrote:
Braathen wrote:Baco.. what im seeing is..
Momo up to target1.. retrace.. momo high breached and BO traders gone long? Fast and neatlly instant retrace.. shakeout. zline and up again.


Ty Braathen i see what your saying

es/pip wrote:
bacoazul wrote:Hey MO, es/pip or anyone that want to give
me some feedback on this trade, i was trying
to find an entrie in this area:

Image

But i couldn't find a good/little risk entrie
even in the 5Min chart:

Image

Maybe any of you guys take this trade, or have
an advice to were u could toke it.

Ty in advance.


i scalped out of there for a few

tough to get in on momo and retrace bec there was not any retrace---- but that was the entry


this is what i did

m15 down momo bar

next bar couldn't bounce at all

sell

cover at m15 zl

Image


Ty Es/pip , i was thinking the same thing
but on the 5min chart, i see how 1 bar make
not retrace, the next one neither, the 3rd bar
can't make it neither and the next bar just die.
I did not make my entrie there because it look
too risky, but is nice to see that i was seeing
the same as you :D


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

Lijing
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Postby Lijing » Wed May 12, 2010 12:29 pm

Hi :)
es/pip, I see your lines and I also understand Z lines, but I have always wondered where or when exactly you enter. I have tried it a lot of times to enter at a line, but price would close against me more often than not.
Do you wait for a close or a breakout? Could you draw some little arrows in maybe? :smt039

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gootson
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Postby gootson » Wed May 12, 2010 1:19 pm

Question on the picture... How to avoid that kind of mistakes? How do You know if current move up/down has ended and theres a chance for reversal?
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Experience is one thing you can't get for nothing.

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