lukx zline trading log + cfabian p.35 + adaseb p.48
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lukx wrote:ouch !!! my ass hurts a bit after this trade :
Why do you think the ratentry is so interesting!!! Price whiped your limit without any indication of stopping!!!
It keeps funny L but you keep doing the same mistakes over and over again.
Almost everybody is using rattrades, some do it on the M5 some on the M15 even MO like to do it on combined candles.
Believe me there is a reasen for.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
lukx wrote:"It keeps funny L but you keep doing the same mistakes over and over again. "
yeah I know but I'm still around and one day it will click
I hope so because i'm getting tired from repaiting over and over again
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
I don't understand why peeps use semafors, but if you are going to use them then use them. On lukx's chart the biggest attention grabber was a big yellow circle with the biggest number (3) in it screaming out, go long.
If you are going to use the sema :-
before the last high 3 formed, you had a 3 and a 2 both pointing up (as in you trade away from them) was a good place to take a rate entry.
If you are going to use the memo :-
take the sema off the chart to keep the focus on the memo and wick bars,
the pullback from the down memo forms the ZL which confirms the direction of the trade, ie short but it is not a place of entry. On this pullback there is no wick bar so no confirmation of direction and nowhere to enter short.
If you are going to use the sema :-
before the last high 3 formed, you had a 3 and a 2 both pointing up (as in you trade away from them) was a good place to take a rate entry.
If you are going to use the memo :-
take the sema off the chart to keep the focus on the memo and wick bars,
the pullback from the down memo forms the ZL which confirms the direction of the trade, ie short but it is not a place of entry. On this pullback there is no wick bar so no confirmation of direction and nowhere to enter short.
Is price closing higher or lower than something? Simple yet powerful question. ..MO
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pablo101 wrote:dragon33 wrote:lukx wrote:"It keeps funny L but you keep doing the same mistakes over and over again. "
yeah I know but I'm still around and one day it will click
Here Lukx for you
I miss these charts too!
Dragon, what do you mean by 'first rat worth to take because of equal candles M15"?
Sorry guys but i'm trading for clients now and that's the reason why i have less time to post this charts. I will try to post some charts the next weeks so you can compare what you are doing.
Equal candles indicates a change. Happens on every tmf. On the first picture where i draw the fibs on the H1 is almost an equal candle and see what happens.
The trade i marked up is an H1 trade fitting into H4 and D1!
Do not make it to complicated but observe candle which are even with previous and see what happens. Whatch the 50% area after the equals. Price can continue or price can change from sup to res or vice versa.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
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Thank you for your support.
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