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

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Pro Trader
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Postby Pro Trader » Fri Jun 04, 2010 1:18 pm

es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image


es/pip do you enter at the zline itself shown by each of your arrows?

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es/pip
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Postby es/pip » Fri Jun 04, 2010 1:28 pm

Pro Trader wrote:
es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image


es/pip do you enter at the zline itself?



no

i enter different ways

rarely just offer/bid the line ---- if i do its just 1/4 or 1/3 position size, and then i add into it if it goes my way

sometimes i use the rat like dragon, other times i wait for a momentum bar on at least 1 time frame and the trade back into it

sometimes i may use a m1 lower low higher high

sometimes i just get in

its just different every time
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Fri Jun 04, 2010 1:34 pm

Pro Trader wrote:
es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image


es/pip do you enter at the zline itself shown by each of your arrows?


the line is just a line its not a signal

like MO has said its just a line in the sand, and it comes down to price closing above or below your line in the sand
Bend over and assume the position for another 4 years of hope and change.

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Postby Pro Trader » Fri Jun 04, 2010 1:49 pm

es/pip wrote:
Pro Trader wrote:
es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image


es/pip do you enter at the zline itself shown by each of your arrows?


the line is just a line its not a signal

like MO has said its just a line in the sand, and it comes down to price closing above or below your line in the sand


Yes I understand that, it's just I've been watchin PA around these zlines after a momo and often price reverses of the line itself like clockwork. With charts posted with arrows at the line I wasn't sure what all you guys were doing.

Thanks for clearing that up, again.

I've been entering at the low of a momo (for a short) with a SL at the top, Dragons entry basically and thats been going ok but also the size of a momo is a factor to consider else the SL would be too large. Do you have a maximum SL beyond which you won't take a trade?

When you drop to a 1m or just get in, don't you have to be mega fast to do so at your desired price what with calculating SL distance from entry then position sizing etc? I notice that price can move quite quickly from these areas

Thanks for your help

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Postby jarnapal » Fri Jun 04, 2010 1:59 pm

Beautiful charts and pips :)

Here's mine:


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Postby es/pip » Fri Jun 04, 2010 2:13 pm

Pro Trader wrote:
es/pip wrote:
Pro Trader wrote:
es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image


es/pip do you enter at the zline itself shown by each of your arrows?


the line is just a line its not a signal

like MO has said its just a line in the sand, and it comes down to price closing above or below your line in the sand


Yes I understand that, it's just I've been watchin PA around these zlines after a momo and often price reverses of the line itself like clockwork. With charts posted with arrows at the line I wasn't sure what all you guys were doing.

Thanks for clearing that up, again.

I've been entering at the low of a momo (for a short) with a SL at the top, Dragons entry basically and thats been going ok but also the size of a momo is a factor to consider else the SL would be too large. Do you have a maximum SL beyond which you won't take a trade?

When you drop to a 1m or just get in, don't you have to be mega fast to do so at your desired price what with calculating SL distance from entry then position sizing etc? I notice that price can move quite quickly from these areas

Thanks for your help


my max loss is 4% per trade so my stops are at 20 pips

i am always trading the same size based off $1 a pip per $500--- so i dont have to calculate anything

the only time that i change my lot size and risk is if i am getting ready to do a m5 or m15 rat----- then i will adjust based on how the PA looks

i rarely will take a full stop--- will just get out based on the PA
Bend over and assume the position for another 4 years of hope and change.

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Postby numbk2k » Fri Jun 04, 2010 2:14 pm

dragon33 wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image


You could have shoot lower because of the weekly extreme.

Daily+ extreme like mo says :wink:


yeah i've took a look at weekly and daily charts but couldn't find something useful there only this bullish momo which is not quite strong
Image

by looking to H4 chart it seems more clearer where it was heading could have made 250pips at tp2

Image

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Postby numbk2k » Fri Jun 04, 2010 2:15 pm

dbl post

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bacoazul
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Postby bacoazul » Fri Jun 04, 2010 2:39 pm

es/pip wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image





i ddint trade the last one bec it was right in front of the news

unfortunately

Image




Es/pip can you please explain me that bottom H4 line
please, ty
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Postby dragon33 » Fri Jun 04, 2010 2:44 pm

numbk2k wrote:
dragon33 wrote:
numbk2k wrote:went ballistic true my tp .... lol i should have targeted the 0% level of H4 momo candle


Image

Image


You could have shoot lower because of the weekly extreme.

Daily+ extreme like mo says :wink:


yeah i've took a look at weekly and daily charts but couldn't find something useful there only this bullish momo which is not quite strong
Image

by looking to H4 chart it seems more clearer where it was heading could have made 250pips at tp2

Image


I just meant that you were trading away from a weekly high. Most of the times there is a strong move. You had momentum with you so go for it. Only liquidate at the end of a big bar
Trading is like cycling, first you need to learn how.
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