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

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dragon33
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Postby dragon33 » Thu Jun 17, 2010 7:21 am

cfabian wrote:Rushn4, dragon,
Is it possible for you to post a chart? I'm trying to find that H1 candle and pin bar you're refering to. Time reference is not that accurate.

Thanks a lot. Cheers

dragon33 wrote:
rushN4 wrote:
dragon33 wrote:
scheeco wrote:
rushN4 wrote:
rushN4 wrote:
rushN4 wrote:here is my EJ trade today , hope it works out

Image




ok SL hit -20....now short

Image


and long on GU

Image



OK GU hit my SL -28.....:roll: EJ hit my target +48

dragon would be great if you could tell me what i did wrong?

thanks


HI Rush, I am the last person to comment but I would have gone short where you went short if only my MBT metatrader did not lose connection.But I would not have gone long as you have done though!

My analysis was as follows:
H4 has no MOMO apart from previous LONG MOMO some H4 candles ago - and prcie seems to be ranging.
However we are in the H4 zone (probability check)

H1 has big LONG MOMO followed by BIG SHORT CANDLE that closes below the OPEN of previous H1 candle and thus FAILED to make new high and CLOSED LOWER THEN OPEN PRICE!.
This to me implies - WAIT and see what happens with next H1.
Next LONG H1 closes below the 50% level of the SHORT H1 CANDLE.
WAIT - here I am thinking that price wants to go SHORT.
Next H1 has no MOMO to go long.
NOW I am looking for other probability checks:
Sema confirmation ( this will indicate the upward movement of price has reached an extreme)
Close of first other colour M15 candle - the RAT entry

I am sure I may be off the analysis but this is how I was watching it untill I lost connection.


That's exactly the way how it works



you will laugh now...i was short on GU after 11:45 candle(pinbar) and switched to long after i saw the 50% level of the 1h up candle holding with a rat trade... :roll:


That H1 was the first lead to wait. NO CLOSE HIGHER. If you have wickdolls above or below H1 candles they tell you something!!!.

If that happen just draw zerolines on the M15 candles. See if price fails for new high/lows etc. Compare the size of upgoing candles with down etc. You are so close to make it. Keep going


Image

In the circle are fails to close higher. H1 fails to close higher
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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rushN4
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Postby rushN4 » Thu Jun 17, 2010 8:50 am

cfabian wrote:Rushn4, dragon,
Is it possible for you to post a chart? I'm trying to find that H1 candle and pin bar you're refering to. Time reference is not that accurate.

Thanks a lot. Cheers

dragon33 wrote:
rushN4 wrote:
dragon33 wrote:
scheeco wrote:
rushN4 wrote:
rushN4 wrote:
rushN4 wrote:here is my EJ trade today , hope it works out

Image




ok SL hit -20....now short

Image


and long on GU

Image



OK GU hit my SL -28.....:roll: EJ hit my target +48

dragon would be great if you could tell me what i did wrong?

thanks


HI Rush, I am the last person to comment but I would have gone short where you went short if only my MBT metatrader did not lose connection.But I would not have gone long as you have done though!

My analysis was as follows:
H4 has no MOMO apart from previous LONG MOMO some H4 candles ago - and prcie seems to be ranging.
However we are in the H4 zone (probability check)

H1 has big LONG MOMO followed by BIG SHORT CANDLE that closes below the OPEN of previous H1 candle and thus FAILED to make new high and CLOSED LOWER THEN OPEN PRICE!.
This to me implies - WAIT and see what happens with next H1.
Next LONG H1 closes below the 50% level of the SHORT H1 CANDLE.
WAIT - here I am thinking that price wants to go SHORT.
Next H1 has no MOMO to go long.
NOW I am looking for other probability checks:
Sema confirmation ( this will indicate the upward movement of price has reached an extreme)
Close of first other colour M15 candle - the RAT entry

I am sure I may be off the analysis but this is how I was watching it untill I lost connection.


That's exactly the way how it works



you will laugh now...i was short on GU after 11:45 candle(pinbar) and switched to long after i saw the 50% level of the 1h up candle holding with a rat trade... :roll:


That H1 was the first lead to wait. NO CLOSE HIGHER. If you have wickdolls above or below H1 candles they tell you something!!!.

If that happen just draw zerolines on the M15 candles. See if price fails for new high/lows etc. Compare the size of upgoing candles with down etc. You are so close to make it. Keep going


I meant the 15m pinbar 11:45 (gmt+1) alpari charts

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rushN4
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Postby rushN4 » Thu Jun 17, 2010 9:24 am

quick long scalp after the good GBP news...+18

Image

Lijing
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Postby Lijing » Thu Jun 17, 2010 1:12 pm

Hey, Dragon, any idea how to avoid these kind of unfortunate trades..?

Analysis. Price came out of a s/r area, H4 was green.
On H1 (overlay) I saw a momo bar. Then I put on a M15 rat trade.

Image

Image

scheeco
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Postby scheeco » Thu Jun 17, 2010 1:18 pm

Entry on the following:
Image

Analysis:
H4 - big long MOMO ( dotted overlay)
- in H4 zone
- ( personal bias = long )

H1 - Consecutive long MOMO followed by short H1 candle that FAILED to close below previous H1 open price.
- Next H1 is a doji so market indecisive
- ( personal bias = long ) weak confirmation from this analysis

M15 - SEMA confirmation
- wait for next other colour candle
- enter long with H1 MOMO (Mmm in restrospect I think the H1 doji negates the H1 Long MOMO - will see)

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Postby rushN4 » Thu Jun 17, 2010 1:18 pm

long on GU

Image

scheeco
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Postby scheeco » Thu Jun 17, 2010 1:21 pm

Alright - out already as I had no real target but really testing analysis only.
Image

Got 24 pips although I was ready to close at 20 pips - but waited for 3 sema to form and closed.
Dragon, any comments on analysis - is this getting better?
I feel that if a analyse each timeframe H4 , H1 and M15 with what you the valuable information you have given I can start forming a bias for my trade.

scheeco
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Postby scheeco » Thu Jun 17, 2010 1:27 pm

rushN4 wrote:long on GU

Image


Nice one Rush, I was in at next M15 candle.
Had no real target - you aiming for 100% level of H4 zone @1.4848?

Was your analysis same as mine or did you consider other things as well?

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rushN4
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Postby rushN4 » Thu Jun 17, 2010 1:45 pm

scheeco wrote:
rushN4 wrote:long on GU

Image


Nice one Rush, I was in at next M15 candle.
Had no real target - you aiming for 100% level of H4 zone @1.4848?

Was your analysis same as mine or did you consider other things as well?



I closed it +18 because 15m candle was not able to close above 1h up candle.. my target was a higher 4h 0% level but it was not the best decision

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Postby numbk2k » Thu Jun 17, 2010 3:02 pm

I was watching hopelessly tring to find an entry point while GU moved 180 pips ... any one had a clue how to trade it !

Image

a question to Dragon would you take those trades according to M15 momo only ? thanks for your answer :wink:

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