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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

scheeco
rank: 50+ posts
rank: 50+ posts
Posts: 55
Joined: Fri Aug 07, 2009 1:13 pm
Reputation: 0
Gender: None specified

Postby scheeco » Fri Jun 18, 2010 9:50 am

Closed the trade for +11 pips as 3 sema formed.
Not sure how to dtermine the TP yet, so I am using semas as exits.
Looking at it now it seems I am leaving loads of pips on the table but I am happy to take some as opposed to losing some!
Image

Comments and advise welcomed!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
rushN4
rank: 150+ posts
rank: 150+ posts
Posts: 165
Joined: Wed Nov 18, 2009 4:04 pm
Reputation: 0
Real name: Jochen
Gender: Male

Postby rushN4 » Fri Jun 18, 2010 10:00 am

scheeco wrote:Closed the trade for +11 pips as 3 sema formed.
Not sure how to dtermine the TP yet, so I am using semas as exits.
Looking at it now it seems I am leaving loads of pips on the table but I am happy to take some as opposed to losing some!
Image

Comments and advise welcomed!



hi schecco,

i was in this trade too, catched +40 :D
my target was the 0%level of the big 4h up momo candle

scheeco
rank: 50+ posts
rank: 50+ posts
Posts: 55
Joined: Fri Aug 07, 2009 1:13 pm
Reputation: 0
Gender: None specified

Postby scheeco » Fri Jun 18, 2010 10:05 am

rushN4 wrote:
scheeco wrote:Closed the trade for +11 pips as 3 sema formed.
Not sure how to dtermine the TP yet, so I am using semas as exits.
Looking at it now it seems I am leaving loads of pips on the table but I am happy to take some as opposed to losing some!
Image

Comments and advise welcomed!



hi schecco,

i was in this trade too, catched +40 :D
my target was the 0%level of the big 4h up momo candle


Nice one mate! My exits are terrible - but I am happy to win atm.

Now if only I can consistantly analyse at least 10 consecutive trade correctly , I will have hopefully start building a certain level of confidence in myself.

As ever - utmost thanks to Dragon!

Pro Trader
rank: 150+ posts
rank: 150+ posts
Posts: 225
Joined: Fri Jan 29, 2010 11:13 am
Reputation: 0
Gender: Male

Postby Pro Trader » Fri Jun 18, 2010 10:11 am

Hi Scheeco, RushN4

Nice trading.

I'm not sure if it's been mentioned before but how do you get more than one CC on the chart?

I have H1 overlay on a 15m but looking at your charts it seems like having the H4 on it would also be beneficial. I did try but for some reason it didn't work. Which CC's do you use. Blubbs? If so the original or the recently updated one?

Cheers

scheeco
rank: 50+ posts
rank: 50+ posts
Posts: 55
Joined: Fri Aug 07, 2009 1:13 pm
Reputation: 0
Gender: None specified

Postby scheeco » Fri Jun 18, 2010 10:20 am

Hi Mate,
I use blubbs Candle indicator for the H1 and I use candle_m-Candle for the H4.
I also use the following*(attached) for pattern recognition ( Blubb modified it so I can check H1 patterns m15 charts.
I can attach the other one if you need it.
Attachments
cs_CandleStickPatternRecognition_mtf.mq4
(28.61 KiB) Downloaded 113 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Pro Trader
rank: 150+ posts
rank: 150+ posts
Posts: 225
Joined: Fri Jan 29, 2010 11:13 am
Reputation: 0
Gender: Male

Postby Pro Trader » Fri Jun 18, 2010 10:28 am

scheeco wrote:Hi Mate,
I use blubbs Candle indicator for the H1 and I use candle_m-Candle for the H4.
I also use the following*(attached) for pattern recognition ( Blubb modified it so I can check H1 patterns m15 charts.
I can attach the other one if you need it.


Cheers Scheeco

Any idea where I can get my hands on this candle_m-Candle?

scheeco
rank: 50+ posts
rank: 50+ posts
Posts: 55
Joined: Fri Aug 07, 2009 1:13 pm
Reputation: 0
Gender: None specified

Postby scheeco » Fri Jun 18, 2010 10:31 am

Pro Trader wrote:
scheeco wrote:Hi Mate,
I use blubbs Candle indicator for the H1 and I use candle_m-Candle for the H4.
I also use the following*(attached) for pattern recognition ( Blubb modified it so I can check H1 patterns m15 charts.
I can attach the other one if you need it.


Cheers Scheeco

Any idea where I can get my hands on this candle_m-Candle?


attached mate.
Set the timeframe to 240 for H4 .
Attachments
candles_m-Candles_dot.mq4
(6.46 KiB) Downloaded 117 times

Pro Trader
rank: 150+ posts
rank: 150+ posts
Posts: 225
Joined: Fri Jan 29, 2010 11:13 am
Reputation: 0
Gender: Male

Postby Pro Trader » Fri Jun 18, 2010 10:44 am

scheeco wrote:Took this one on EJ:
Analysis:
H4 - in the zone
H1 - short MOMO starting 4 candles back with H1 candles not able to close above H1 SHORT MOMO open price
- Last H1 was indecisive with big wick to the top rehected higher price
- bias is short with MOMO
M15 - 2 SEMA formed
- using RAT entry to short
Image

Comments and advise appreciated!


What do you mean by H4 in the zone?

Pro Trader
rank: 150+ posts
rank: 150+ posts
Posts: 225
Joined: Fri Jan 29, 2010 11:13 am
Reputation: 0
Gender: Male

Postby Pro Trader » Fri Jun 18, 2010 10:44 am

scheeco wrote:
Pro Trader wrote:
scheeco wrote:Hi Mate,
I use blubbs Candle indicator for the H1 and I use candle_m-Candle for the H4.
I also use the following*(attached) for pattern recognition ( Blubb modified it so I can check H1 patterns m15 charts.
I can attach the other one if you need it.


Cheers Scheeco

Any idea where I can get my hands on this candle_m-Candle?


attached mate.
Set the timeframe to 240 for H4 .


Thanks

scheeco
rank: 50+ posts
rank: 50+ posts
Posts: 55
Joined: Fri Aug 07, 2009 1:13 pm
Reputation: 0
Gender: None specified

Postby scheeco » Fri Jun 18, 2010 10:52 am

Pro Trader wrote:
scheeco wrote:Took this one on EJ:
Analysis:
H4 - in the zone
H1 - short MOMO starting 4 candles back with H1 candles not able to close above H1 SHORT MOMO open price
- Last H1 was indecisive with big wick to the top rehected higher price
- bias is short with MOMO
M15 - 2 SEMA formed
- using RAT entry to short
Image

Comments and advise appreciated!


What do you mean by H4 in the zone?


I am quite anal about having a check list of sorts to fetermine the bias of the trade.
So H4 is my first check, as per Dragons advise, is when price is in the body range of an H4 MOMO candle. ( See the RED and GREEN fib lines at 0,50 and 100% levels).
This indicates that price is in the H4 zone - I think there is probably another term but none the less - this is my first check.
And then I go down the Time Frames as per Dragons instructions.

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”