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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
poipen
rank: 50+ posts
rank: 50+ posts
Posts: 116
Joined: Wed Mar 10, 2010 4:29 am
Reputation: 0
Location: WA
Gender: Male
Contact:

Postby poipen » Fri May 14, 2010 10:44 pm

Started with some scalping yesterday and posted some charts, this method
of scalping really fits with my personality very low drawdown and small to
medium profits :)

i'll be continuing my campaign against the currency markets next week :twisted:
Wise Men Know Their Limits, Great Men Have No Limits.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Sat May 15, 2010 1:24 am

Manta wrote:
TheRumpledOne wrote:"Why to start trading with $10.000 if you dont know what to do? Isn't it easier to start with $500 and build your account with growing profits and cushion money management? It is just a basic math from elementary school."

Yes, start small and work your way up just like weight-lifting.


I feel a bit lost in your post. Is it good or bad?


Manta, I believe that he is agreeing with you.
Failure is an opportunity to learn.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Sat May 15, 2010 1:30 am

I'm such a loser. It's Friday night and I am scouring Kreslik for some updates. Does drinking some beer make this less loser-ish? I get this feeling that I will be talking to myself all night again.
Failure is an opportunity to learn.

User avatar
poipen
rank: 50+ posts
rank: 50+ posts
Posts: 116
Joined: Wed Mar 10, 2010 4:29 am
Reputation: 0
Location: WA
Gender: Male
Contact:

Postby poipen » Sat May 15, 2010 2:01 am

newark18 wrote:I'm such a loser. It's Friday night and I am scouring Kreslik for some updates. Does drinking some beer make this less loser-ish? I get this feeling that I will be talking to myself all night again.


haha you're not alone newark, at least you get the beer :)
this whole week has just been one long trading blur.
Wise Men Know Their Limits, Great Men Have No Limits.

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 0
Gender: Male

Postby Humble » Sat May 15, 2010 2:03 am

IN-XS wrote: LOL! I have the same problem, if I had a better idea of which direction to trade in,*


I realise that I have too much still to learn to be making suggestions - but:

As I understand it, MO offered up the concept of Z Lines for that very reason* and whilst this was on higher t/f charts, people have been very successful using them as points of entry on lower t/f charts. The point being though, that the trading direction comes from high t/f memo.

My suggestion is to try having at least one chart to study with Uncle Barry and Aunt Semy removed, so you just have customcandles and lines drawn by you, to better focus on what MO wants us to see.

I have added some thin white lines to your chart. The multi t/f memo is the t/f chosen by the memo, the single bar memo is a place to look to enter a trade. Try looking at these lines on a chart with nothing else but customcandles on it.


Image
HTH
Is price closing higher or lower than something? Simple yet powerful question. ..MO

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Postby newark18 » Sat May 15, 2010 2:26 am

Humble, I agree...you learn a lot by drawing the lines yourself. Nothing against bluubbb's zline indicator (because i still use it), if you draw them yourself, you can be a little more accurate. Not saying that I am an expert by any means, I just think it is a good learning experience.

Time to sleep. Good night yall.
Failure is an opportunity to learn.

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 0
Gender: Male

Postby Humble » Sat May 15, 2010 2:52 am

es/pip said it many times before I just did what he said. :shock:

Then MO said we should be able to see "it" without the lines. That it is not about the lines, they are just to draw our attention to what he is looking at.

:shock: :shock:


We need to draw charts the way he does if that is ever going to happen. ie just customcandles and now cash zones with us doing hand drawn lines of what we see.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

User avatar
bacoazul
rank: 150+ posts
rank: 150+ posts
Posts: 259
Joined: Wed Sep 30, 2009 12:31 pm
Reputation: 0
Gender: Male

Postby bacoazul » Sat May 15, 2010 3:38 am

8) Close GJ trade
Im gonna look for long
next week.

Image

Now lower TF

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

User avatar
poipen
rank: 50+ posts
rank: 50+ posts
Posts: 116
Joined: Wed Mar 10, 2010 4:29 am
Reputation: 0
Location: WA
Gender: Male
Contact:

Postby poipen » Sat May 15, 2010 7:00 am

bacoazul wrote:8) Close GJ trade
Im gonna look for long
next week.

Image

Now lower TF

Image


Wow! to me thats crazy i can barely hold a trade for 15 minutes...
i really wish i had the balls to trade like you.
Wise Men Know Their Limits, Great Men Have No Limits.

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Sat May 15, 2010 9:26 am

Drawing the lines by hand is very powerfull because you pay attention to with you drawed, if the lines are just there you can miss or pay not attention to it.

The open or 50% area of an H4 candle mostly act as S/R area on the lower frames. But it still is the place where price will make a continuation of previous trend at least to the extreme.

Baco just showed a nice picture of it and my previous chart of gu was the same.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”