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

[poipen]

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

[newark18]

"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.

[newark18]

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.

[poipen]

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.

[Humble]

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.



HTH

[newark18]

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.

[Humble]

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

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.




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.

[bacoazul]

Close GJ trade
Im gonna look for long
next week.



Now lower TF

[poipen]

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



Now lower TF

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.

[dragon33]

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.