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

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es/pip
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Postby es/pip » Sun May 16, 2010 12:16 am

TARGETS


target = or up from what TF you are trading

if you were trading a monthly chart would you exit based on what the m5 is saying?

i hope not


h4 entry area = h4 or higher targets

what are targets?

held profit and or extremes
Bend over and assume the position for another 4 years of hope and change.

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newark18
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Postby newark18 » Sun May 16, 2010 1:38 am

Understanding targets is one of my biggest deficiencies. I often find myself up a decent amount of pips but I give them up too easily because i hold for too long. I definitely need to better differentiate between scalping and LT holds. I definitely need to work on that.
Failure is an opportunity to learn.

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cfabian
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Postby cfabian » Sun May 16, 2010 3:07 am

Huh????
Money or material things was never mentioned here. I was asking a simple question as many people here do, even you. In this case was directed to you as I mentioned I do like how your charts look and wanted to learn how to draw them.

I believe you misunderstood.



Manta wrote:
cfabian wrote:Really? maybe that's why it looks so clean and neat.
So, you just draw your fibs based on H4 and H1 then with same levels? and have your fibs setup to read the entry price and timeframe or do that manually?

The entry line al .33 level somewhat coincides with M15 breakouts.

Cheers

Manta wrote:
cfabian wrote: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 8)


I don't use any indi, except my drunk head. The lines are fibo tool from metatrader with levels 0.0-0.333-1.0

Edit: Yes, there is semafor on my chart, but it is really not needed. I just simply like the circles with numbers :D I think it is good to have some funny stuff on your chart


Jeez, yes, nothing else.

Don't take it personaly, but there are more important things than money in your life.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
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tmanbone
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Postby tmanbone » Sun May 16, 2010 3:59 am

Deleted for lack of tact.
Last edited by tmanbone on Mon May 17, 2010 10:44 am, edited 2 times in total.
"The simplicity of the markets is it's greatest disguise"

T

aliassmith
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Postby aliassmith » Sun May 16, 2010 12:56 pm

es/pip wrote:TARGETS


target = or up from what TF you are trading

if you were trading a monthly chart would you exit based on what the m5 is saying?

i hope not


h4 entry area = h4 or higher targets

what are targets?

held profit and or extremes


TARGETS? YOU DON'T NEED NO STINKING TARGETS! :lol:

Actually I use targets based on my "pegged" timeframe.

I would use an M5 candle on a long TF just as you and MIghtyone
would if it closes against your S/R.

Now making a decision on an H4 chart based on an M5 candle 30, 50, 100+
pips away from your entry is a waste.
Trade Your Way as Long as It Makes Money!

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IN-XS
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Postby IN-XS » Sun May 16, 2010 1:18 pm

tmanbone wrote:Manta,

Don't take this personally, but if I want to comb the forums 80 hrs a week and ask 500 questions a day, in my thread, then that's just what I'll do. Think of it like this, you come into my house and I irritate you...........well you can figure it out. I'm sure cfabian appreciates your concern for his personal well being. Cheers,


Take it easy guys! I am just assuming Manta got confused, due to a possible language barrier, as I could not understand the meaning behind his answer either.

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JESGPY
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Postby JESGPY » Sun May 16, 2010 4:03 pm

prochargedmopar wrote:
JESGPY wrote:
dragon33 wrote: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.


Dragon. Concerning this coment:
"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."

This is the way i have been looking inside 4h and 1h MZS.

4h MZ
Image

15m chart
Image

I look inside the 4h MZ for a 15m MZ. If there is one zone inside i consider that area by place to take the reversals. Most of the times that area holds perfectly and I can aim for the next 15m MZ for some "safe pips", if the PA is good i aim for 1h, 4h MZs.

Also. I ussualy wait for rat reversal formation to take the trade. On those areas I take the reversal on the previos candles low. or at the line, since I feel confident about that area holding.

hope this helps someone.

JUAN


Excellent description Juan,
I can only Imagine that area 1 would have been whipsaw city on m15 chart but area 2 would have been Sweet!!

Just an observation without seeing inside the candles with m15 but visualizing how they may have looked.
Higher TF definitely rules.

Image


Yeah higher TF rule! MZs are amazing at spoting S/R levels. And recent 15m MZs are great to trade those Old "Un-Wicked" MZs that now are S/R level.s

Adding some comments of my previos post. The MZ is the 50% area of the Momo candle, and Zline is any line within the MZ where we consider held profit to be. So for me the 15m MZ % area within the 4H MZ is where is expect the Zline to be. Its the breakout within the breakout.


Breakout within the Breakout.
Image
Pro. thats the 15m candles with that MZ you marked as 1 in my previos chart.

JUAN

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poipen
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Postby poipen » Mon May 17, 2010 12:28 am

i get back from mowing the lawn and see this...

i hope someone was able to catch it

[left]http://i45.photobucket.com/albums/f65/tylerjamesbryant/meh.gif[/left]
Wise Men Know Their Limits, Great Men Have No Limits.

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newark18
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Postby newark18 » Mon May 17, 2010 1:21 am

FYI, I tried out my sister's 3G ipad to see if it could have trading online. I was having connection problems into dukascopy. Not sure if that was related to market being close but I was a little bit skeptical. I still want to try it again because I think it would be useful if I ever became good enough to trade full time.
Failure is an opportunity to learn.

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es/pip
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Postby es/pip » Mon May 17, 2010 3:09 am

poipen wrote:i get back from mowing the lawn and see this...

i hope someone was able to catch it

[left]http://i45.photobucket.com/albums/f65/tylerjamesbryant/meh.gif[/left]



missed it had my hands full with the euro

sometimes i just laugh at all this

it is just stupid really

i mean we press a button, press it again and large sums of money just appear out of no where


lol

8)
Bend over and assume the position for another 4 years of hope and change.

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