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

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jarnapal
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Postby jarnapal » Sat Jun 05, 2010 7:33 am

Humble wrote:es/pip how do you decide when to draw a zl from the body of a hugging candle and when to draw it from the extreme?

In your chart on page 422 the lower zl was drawn from the body and this became a S&R line, whilst the higher zl was drawn from the extreme and stayed a zl.

In this case every which way would have worked but that's not usually the case. Do you adjust the zl line if it becomes S&R?


Sometimes when you draw zl on higher timeframe, it can appear at high/low of lower timeframe.

But es/pip might have better answer.

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Shinobi-X
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Postby Shinobi-X » Sat Jun 05, 2010 11:50 am

a year ago I found out about TRO 3lzz. I'm still using them now on the same pair (can't thank TRO enough for this indi). I later realize that this is somewhat discreet (to some extent) in entry point. however, my point is keeping things as simple as following 3rd lzz can reward you hugely.

all you need is one trade like this per week (a 48.25% on the green)... well of course if you saw the prev low 3rd lzz run up you'll understand that 3rd lzz can happen twice in a week too :)

that being said, it's not as great as dragon's 64% in one day (several pages back). thanks to dragon33, es/pip, MO, TRO (mentioned in no order) :)



great weekend to everyone.
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es/pip
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Postby es/pip » Sat Jun 05, 2010 11:18 pm

Humble wrote:es/pip how do you decide when to draw a zl from the body of a hugging candle and when to draw it from the extreme?

In your chart on page 422 the lower zl was drawn from the body and this became a S&R line, whilst the higher zl was drawn from the extreme and stayed a zl.

In this case every which way would have worked but that's not usually the case. Do you adjust the zl line if it becomes S&R?


i dont draw them for me i am drawing them so you can see what i am referencing

if price is moving back down to a "zl" or "mz" i am interested in it coming into the wick and the body, so i am just watching those areas to see what happens--- no one knows which one or if it will even find s/r there at all

i am drawing them so others can see what i was looking at as the line in the sand
Bend over and assume the position for another 4 years of hope and change.

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Postby Shinobi-X » Sun Jun 06, 2010 11:12 pm

I love weekend...
got stopped out at 109.227 for 377.2 pips (56.58%).


Great trading to all!
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Postby es/pip » Sun Jun 06, 2010 11:34 pm

Shinobi-X wrote:I love weekend...
got stopped out at 109.227 for 377.2 pips (56.58%).


Great trading to all!


would you mind explaining how you are using them?

it looks like on that one you took a rat sell after the sema

i have never really understood how to use the semas since they repaint
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Postby Humble » Mon Jun 07, 2010 1:55 am

Thx es/pip, with ya now.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Shinobi-X
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Postby Shinobi-X » Mon Jun 07, 2010 4:18 am

1. look how far apart they are (between one extreme to another/ between 3rd and the next 3rd).

2. if the 3rd coincide with another sema in H4 or even D1 (be it 2nd or 3rd) then you know you'll have the most bang for your buck.

3. don't enter at the ultimate extreme. sacrifice some pips in exchange for confirmation (mostly I use cs patterns).

4. the rest is experimentation and simple statistics.

the semas repaint because it identifies the current/ latest extreme "area". thus confirmation and SL plays omnipotent part in entry. i'm sure traders don't mind giving 25 pips 3 times and then getting 200 or more pips in exchange. the game is high probability setup plus tiny losers IMHO.


Have a great trading day!
The gap between reality and dream is called action.

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Postby Pro Trader » Mon Jun 07, 2010 10:59 am

Anybody shorting EU here?

Any ideas for a target?

H4

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H1

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Humble
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Postby Humble » Mon Jun 07, 2010 11:21 am

Hi Pro Trader, trying to brainwash myself with MOs teachings

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

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Postby numbk2k » Mon Jun 07, 2010 11:26 am

Pro Trader wrote:Anybody shorting EU here?

Any ideas for a target?

H4

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H1

Image


Was on that one but got out at be
zoomed to M5 to find an entry point then it took 15 min to go 12pips in my favor then started to pull up i think it still a bit far from the held profit area

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Will wait for an other chance

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