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

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bredin
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Postby bredin » Fri Aug 06, 2010 2:13 pm

lukx,

good to see you back. tell me you didnt throw a whole position at the initial entry....
Price had been thrown out of that zone 3 (mabee 4) times already, thats a bit of a heads up for me to be extra cautious.

My short entry would be about where price is now (mabee a bit south), especially if the next H1 fails to close above that row of 1 semas on the left.

G.
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pablo101
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Postby pablo101 » Fri Aug 06, 2010 2:21 pm

Lukx, welcome back :)

I see why u took that short but I also saw a long play building up from the the orange SR I marked up.

Image

maybe could've got out with small profit from your short
Last edited by pablo101 on Sat Aug 07, 2010 1:00 am, edited 1 time in total.

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newschool
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Postby newschool » Fri Aug 06, 2010 2:21 pm

lukx wrote:ouch !!! my ass hurts a bit after this trade :


Did you entered in M15 on rat candles (lower high+lower low) ?

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Postby jarnapal » Fri Aug 06, 2010 2:29 pm

lukx wrote:ouch !!! my ass hurts a bit after this trade :

Image


That's a crazy one ! Did you know that it was a NFP release ?

If the market is moving up and came to that zeroline fast enough then there will always be a "cool down" (consolidation) moment if that was a considerable ZL. I learned that a hard way - I think it's the best way to do it lol.

I haven't figured it out yet if that's reasonable to take the trade immidiately when it hits zl on higher timeframe, probably not. I sometimes enter in case of double top/bottom but I have lost a lot of money trying to get in right after it has hit zeroline on h4 or h1 as isometimes it targets the tops and bottoms and then creates large wick/pinbar,doji or whatever.

But your case was NFP release and it's pointless to trade zerolines as the buying/selling power is too big.

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lukx
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Postby lukx » Fri Aug 06, 2010 2:30 pm

bredin wrote:lukx,

good to see you back. tell me you didnt throw a whole position at the initial entry....

G.


nah... for few months now I don;t play more than 750 units on oanda so it's tiny :)

Pablo, how did you mark this orange fat cat I though fat cat (for long) is two candles closing lower and lower and third closing above previous high. I don;t see this orange line to be in that place.

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lukx
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Postby lukx » Fri Aug 06, 2010 2:31 pm

newschool wrote:
lukx wrote:ouch !!! my ass hurts a bit after this trade :


Did you entered in M15 on rat candles (lower high+lower low) ?


nope :) I was watching just 1h and 4h :(

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lukx
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Postby lukx » Fri Aug 06, 2010 2:34 pm

jarnapal wrote:
lukx wrote:ouch !!! my ass hurts a bit after this trade :

Image


That's a crazy one ! Did you know that it was a NFP release ?

If the market is moving up and came to that zeroline fast enough then there will always be a "cool down" (consolidation) moment if that was a considerable ZL. I learned that a hard way - I think it's the best way to do it lol.

I haven't figured it out yet if that's reasonable to take the trade immidiately when it hits zl on higher timeframe, probably not. I sometimes enter in case of double top/bottom but I have lost a lot of money trying to get in right after it has hit zeroline on h4 or h1 as isometimes it targets the tops and bottoms and then creates large wick/pinbar,doji or whatever.

But your case was NFP release and it's pointless to trade zerolines as the buying/selling power is too big.


yeah :) there's always something happening when I enter a trade :)

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pablo101
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Postby pablo101 » Fri Aug 06, 2010 2:50 pm

lukx wrote:Pablo, how did you mark this orange fat cat I though fat cat (for long) is two candles closing lower and lower and third closing above previous high. I don;t see this orange line to be in that place.


Lukx, ooops, maybe I used different vocab from you :oops:

I just saw H4 candles close over and back over a line

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Postby erika_bb » Fri Aug 06, 2010 3:34 pm

Hi Guys!! :oops:

i found this forum from reading TRO's posts on babypips and im now trading a demo account. i want to learn the way dragon trades and here is my plan. let me know some feedback :smt007

- I will look at the H4 Sema and trade away from a 1, 2, 3 sema

- trade with H1 color

- enter on the m15 with rat entry

but i also have a few questions for dragon.

am i waiting for the H4 candle with the sema to close before doing any trading for confirmation?

how to use zl as entry with rat as u mentioned earlier? wait for momo (momentum) candle then enter on high/low of momo candle with rat? b/c seems that its safer to see momo confirm rather than just using rat

thanks for this thread!!



:smt003 :smt003

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TheRumpledOne
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Postby TheRumpledOne » Fri Aug 06, 2010 4:05 pm

lukx wrote:ouch !!! my ass hurts a bit after this trade :

Image


Did you see the last semafor that was made?

When you went short you were trading TOWARD the last sema, not AWAY from it!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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