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!!
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