lukx zline trading log + cfabian p.35 + adaseb p.48
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Correct. That support line marked by you was actually the close of the body of prvius H1 from my entry. I enteren on the retrace, aiming for H4 target, and of course a break from that line.
The question would be if that break doesn't happen on your candle's entry, would you close or hold a bit more?
The question would be if that break doesn't happen on your candle's entry, would you close or hold a bit more?
adaseb wrote:cfabian wrote:Still lots of pages to catch up.
Had this fkn trade wich ended in a loss of 25 pips.
I didn't close it before as it happens to me 90% of the time that when I do so, the sucker just moves in my direction. In this case I decided to leave it to hit take profit or stop loss.
Please comment.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
Manta, what indy you use for your lines? looks simpler and cleaner... really like it.
Manta wrote:Lukx, you see, it is still the same over and over again...
EDIT: of course some days are better, some days are worse, but all you need is some edge (I think this one is good enough). Then just stick to it, practice and trade day by day. Don't use too high leverage, rather use some kind of cushion money management (search MO's posts) to boost your percentage gains and you, your wife and your Aston Martin will be OK
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
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Hi all I must say thanks to everyone for their posts. I've been following this thread for a while but these will be my first charts on here and first zline trade in fact. Can you guys take a look and see if what I'm seeing is correct pls?
EU H4 Zline (I think thats where you put it)
EU 15m entry (rat entry) based on H4 zline
The H4 candle was green when I first saw it. I was watching the 5m and saw price drop like a stone around the line. I then moved to a 15m chart to do a rat entry which incidently is off the Daily high.
I took a demo trade on this and made 2% in no time. I only came out because Im off to work now.
I would appreciate your thoughts.
EU H4 Zline (I think thats where you put it)
EU 15m entry (rat entry) based on H4 zline
The H4 candle was green when I first saw it. I was watching the 5m and saw price drop like a stone around the line. I then moved to a 15m chart to do a rat entry which incidently is off the Daily high.
I took a demo trade on this and made 2% in no time. I only came out because Im off to work now.
I would appreciate your thoughts.
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- aliassmith
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M5 candle closes against a recent S/R then think about exiting and maybe
re-enter later. M5 is not only for entry
re-enter later. M5 is not only for entry
cfabian wrote:Thank you alias,
I agree on what you say. I remained because resistance was holding on and playing with H1. M5 was for entry only. I was expecting price to plummet down after that period.aliassmith wrote:cfabian wrote:Still lots of pages to catch up.
Had this fkn trade wich ended in a loss of 25 pips.
I didn't close it before as it happens to me 90% of the time that when I do so, the sucker just moves in my direction. In this case I decided to leave it to hit take profit or stop loss.
Please comment.
Starting with your entry candle tell your self a little story for each candle
that forms.
Entry candle: not bad, not great still has short potential
Entry+1: Long wick on bull candle has bull bias
Entry+2: Shaping up not convinced
Entry+3: Time to bail
Entry+4: Time to bail
Trade Your Way as Long as It Makes Money!
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- rank: 150+ posts
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I think I comprehend when MO says that he hedges and takes profit when price breaks to new xtremes.
Because wheb price breaks through (just a bit) it takes all the SLs
ZLining is not only about watching most obvious entry positions, but also most obvious places of SLs
I cant believe I chickened out of this one. But got to graduate this year, so have to concentrate on other things, thats mah xcuse anywho =]
Because wheb price breaks through (just a bit) it takes all the SLs
ZLining is not only about watching most obvious entry positions, but also most obvious places of SLs
I cant believe I chickened out of this one. But got to graduate this year, so have to concentrate on other things, thats mah xcuse anywho =]
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