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

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jarnapal
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Postby jarnapal » Mon Jun 14, 2010 9:42 am

numbk2k wrote:
jarnapal wrote:Could anyone please comment this ?



Price blasted through H4 zeroline. I have drawn the line where the supposed held profit is. Why did the price go straight through ? Wasn't there enough SL to be hit ?


I am with you into this one .... i think i blew my testing account :(


Testing as real but micro ? Then we are in the same boat.

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Postby jarnapal » Mon Jun 14, 2010 9:46 am

pablo101 wrote:
jarnapal wrote:Could anyone please comment this ?



Price blasted through H4 zeroline. I have drawn the line where the supposed held profit is. Why did the price go straight through ? Wasn't there enough SL to be hit ?


I see no opposite momo on smaller TF, caution was recommended here.


Oo GJ found support at H4 zl. Let's see if it reverses.

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Postby numbk2k » Mon Jun 14, 2010 9:51 am

jarnapal wrote:
numbk2k wrote:
jarnapal wrote:Could anyone please comment this ?



Price blasted through H4 zeroline. I have drawn the line where the supposed held profit is. Why did the price go straight through ? Wasn't there enough SL to be hit ?


I am with you into this one .... i think i blew my testing account :(


Testing as real but micro ? Then we are in the same boat.


yes trading 0.1$ pip value this is my 1st loser trade also i am into a 2nd one which doesn't look good

yelow for entries red for SL

Image

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pablo101
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Postby pablo101 » Mon Jun 14, 2010 10:04 am

scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


You guys really need to wait for momo.

Momo shows direction.

If there is momo going that way then makes sense to trade that momo direction.

Just wait, if you miss this trade because the momo isn't clear then there's always the next one.

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Postby Pro Trader » Mon Jun 14, 2010 10:14 am

pablo101 wrote:
scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


You guys really need to wait for momo.

Momo shows direction.

If there is momo going that way then makes sense to trade that momo direction.

Just wait, if you miss this trade because the momo isn't clear then there's always the next one.


Pablo when you trade off H4 do you wait for Momo on H1 or 15m before entering then?

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pablo101
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Postby pablo101 » Mon Jun 14, 2010 10:24 am

Pro Trader wrote:
pablo101 wrote:
scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


You guys really need to wait for momo.

Momo shows direction.

If there is momo going that way then makes sense to trade that momo direction.

Just wait, if you miss this trade because the momo isn't clear then there's always the next one.


Pablo when you trade off H4 do you wait for Momo on H1 or 15m before entering then?


Let's put it this way... H4 momo is safer than 15 min momo, your trading depends on your risk appetite

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Postby scheeco » Mon Jun 14, 2010 10:36 am

pablo101 wrote:
Pro Trader wrote:
pablo101 wrote:
scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


You guys really need to wait for momo.

Momo shows direction.

If there is momo going that way then makes sense to trade that momo direction.

Just wait, if you miss this trade because the momo isn't clear then there's always the next one.


Pablo when you trade off H4 do you wait for Momo on H1 or 15m before entering then?


Let's put it this way... H4 momo is safer than 15 min momo, your trading depends on your risk appetite


So if I understand you correctly - after H4 MOMO candle closes - you would drop down to M15 and look for an entry to trade in the direction of the H4 MOMO candle?
If so , how do you determine your entry?
Sorry for obviously stupid questions.

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Postby scheeco » Mon Jun 14, 2010 11:12 am

scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


Ok waited for H1 MOMO to close and the following formed:
Image
3 SEMA in H4 MOMO zone (pinkish area)
Other colour candle closed.
But Importnantly ( if my understanding is correct from Dragon33) is that the next H1 candle closed below the 50% mark of the previous H1 candle ( with the 3 sema on it)

This implied that I should go short...

Does this make sense? Did I enter to late, to early , to nonsensical..or like my arse?
Comments appreciated.

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pablo101
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Postby pablo101 » Mon Jun 14, 2010 11:17 am

scheeco wrote:
pablo101 wrote:
Pro Trader wrote:
pablo101 wrote:
scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!


You guys really need to wait for momo.

Momo shows direction.

If there is momo going that way then makes sense to trade that momo direction.

Just wait, if you miss this trade because the momo isn't clear then there's always the next one.


Pablo when you trade off H4 do you wait for Momo on H1 or 15m before entering then?


Let's put it this way... H4 momo is safer than 15 min momo, your trading depends on your risk appetite


So if I understand you correctly - after H4 MOMO candle closes - you would drop down to M15 and look for an entry to trade in the direction of the H4 MOMO candle?
If so , how do you determine your entry?
Sorry for obviously stupid questions.


No problem with the questions. My English is getting worst so I'm probably not describing it the way I want.

A picture (or pictures) are worth a thousand words. bacoazul described it very well on page 425.

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dragon33
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Postby dragon33 » Mon Jun 14, 2010 12:01 pm

scheeco wrote:Watching this pair...but doubting my analysis again.
So on H4 TMF looks promising as price is moving to a previous H4 zone (pinkish rectangle) that has not been zlined.
Also a sema has formed in the H4 zone.
Image

Dropping down to M15 I am waiting for a 3Sema to form to confirm my analysis.
Now I am waiting for the first other coloured candle as per Dragon33's entries and then will enter using a RAT entry.


Image

However, there is a big H1 MOMO candle prior to the 3 SEMA on the M15 chart.. so will wait for another hour to see if MOMO stalls.
This is constantly my predicament as I am not sure where to go from here.
If the next H1 candle is smaller then MOMO H1 candle - do I then enter per RAT rules? Or do I wait until I have a confirmed RED H1 candle?

This part - just before the trade confuses me.
Could someone offer some insight as to what I should focus on?
Thank you!
Wait for confirmation.
After momo H1 you do not trade against it!!!
You need price action in the other directions and confimation price is holding downwards.

This is the difficult part for most people choose one side. If you choose to sell then you have to wait and this could lead to not trading at all today.

If you think in both directions ALWAYS trade WITH momo
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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