lukx zline trading log + cfabian p.35 + adaseb p.48
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- TheRumpledOne
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Manta wrote:Long trades:
1) Find the last short MOMO (A), which is not zeroed out
2) Find first long MOMO (B) before (A), which is not zeroed out and is below low of (A)
3) Entry at open (B)
4) Exit at open (A)
5) SL according to timeframe or your money management risk rules
Short trades: vice versa
Don't trade this live blindly until you know WTF YOU ARE DOING.
aren't those ZL rules??
anybody who didn't get ZL after one year should definitely stop trading at all and focus on daily job, otherwise its just waiste of time
but, as we come to ZL, one of my friend, after few months of using ZL strategy, now is struggling to find it useful, and I remeber how good was he doing before, but it seems not working for him any more
but, as we come to ZL, one of my friend, after few months of using ZL strategy, now is struggling to find it useful, and I remeber how good was he doing before, but it seems not working for him any more
- prochargedmopar
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This is sooooo Sweet!!!!!
Price had just started to form candle with green arrow.
I set a buylimit where I suspected price would re-trace to on the H1 chart momo up.
Went to sleep.
Thankyou all
Price had just started to form candle with green arrow.
I set a buylimit where I suspected price would re-trace to on the H1 chart momo up.
Went to sleep.
Thankyou all
Last edited by prochargedmopar on Wed May 19, 2010 10:54 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Here's the way I interpreted Dragon33's recent lesson. Mark up your H4 momo per Manta's instruction see chart below. Highlight upper and lower ranges.
Progress through the lower time frames to get your picture.
Attack the trade from the M5 time frame using rat reversal trades out of the MZ, looking for hammers, ideally for your rat setup, in a long trade example. Note target 1 @ upper/lower magenta range for 60 pips, wait on retrace, rat reversal and target 2 @ higher/highest magenta range for 120 pips = nice trading day. I gather this is a repetitive pattern to be monopolized on.
Second trade long should have been taken at the high of the hammer, my magenta entry line is a tad low. Feel free to critique all will. Thanks Dragon33 for your continued efforts. I really appreciate you, I also appreciate all in the forum. Cheers
Progress through the lower time frames to get your picture.
Attack the trade from the M5 time frame using rat reversal trades out of the MZ, looking for hammers, ideally for your rat setup, in a long trade example. Note target 1 @ upper/lower magenta range for 60 pips, wait on retrace, rat reversal and target 2 @ higher/highest magenta range for 120 pips = nice trading day. I gather this is a repetitive pattern to be monopolized on.
Second trade long should have been taken at the high of the hammer, my magenta entry line is a tad low. Feel free to critique all will. Thanks Dragon33 for your continued efforts. I really appreciate you, I also appreciate all in the forum. Cheers
"The simplicity of the markets is it's greatest disguise"
T
T
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Question
I'm troubled by this.
Notice the Momo on the Down Candles just above where current price is.
Are we concerned about them? Do they present areas of resistance?
I'm watching this intently.
Need a hard and fast rule about how to deal with them.
Thanks
Notice the Momo on the Down Candles just above where current price is.
Are we concerned about them? Do they present areas of resistance?
I'm watching this intently.
Need a hard and fast rule about how to deal with them.
Thanks
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Agreed,
I'm currently watching EU, waiting to see how it reacts at the shadowed area in order to take a short, targeting the lower yellow line. Let's see... but have to go to sleep !!!!!!!!!!
Dragon, what is your insight?
I'm currently watching EU, waiting to see how it reacts at the shadowed area in order to take a short, targeting the lower yellow line. Let's see... but have to go to sleep !!!!!!!!!!
Dragon, what is your insight?
tmanbone wrote:Here's the way I interpreted Dragon33's recent lesson. Mark up your H4 momo per Manta's instruction see chart below. Highlight upper and lower ranges.
Progress through the lower time frames to get your picture.
Attack the trade from the M5 time frame using rat reversal trades out of the MZ, looking for hammers, ideally for your rat setup, in a long trade example. Note target 1 @ upper/lower magenta range for 60 pips, wait on retrace, rat reversal and target 2 @ higher/highest magenta range for 120 pips = nice trading day. I gather this is a repetitive pattern to be monopolized on.
Second trade long should have been taken at the high of the hammer, my magenta entry line is a tad low. Feel free to critique all will. Thanks Dragon33 for your continued efforts. I really appreciate you, I also appreciate all in the forum. Cheers
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"
- bredin
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103 pips, not bad for an asain trade
The in and out zones are from H4....
Thanks dragon for cleaning my brain
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