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

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jarnapal
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Postby jarnapal » Mon Aug 09, 2010 7:58 pm

cfabian wrote:I do believe so, let's see if someone gives us some feedback. Now price is stalling and most likely will go in our direction, but with our money already.

lukx wrote:to sum up : we were in 4h mz + even 1h mz, price got rejected form this 50% zone (wick) we took rat entry and got spanked... maybe we did everything right and it was just loosing trade ...


Lukx and cfabian.

I talked about that situation in previous lukx reply. I also would be glad to see what dragon says but I think it's just about waiting till the move is done.

Look for the difference whats in red and yellow boxes.
Image

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dragon33
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Postby dragon33 » Mon Aug 09, 2010 9:36 pm

newschool wrote:Image

You just started trading, dont you? There was no way that price-action was gonna make a breakout. The USD pairs are currently really better looking than Yens.

dragon33 wrote:Bring on that beer but please not in French because i don't speak it lol. I only understand the language


You are flamand? I know the 2 groups dont really like each other...


The politician groups don't like eachother and that's what is spreadout on the news but we normal people don't have any problems.
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dragon33
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Postby dragon33 » Mon Aug 09, 2010 9:42 pm

lukx wrote:yeah I would also love to see what Dragon was able to pull off those funky moves of today.


I was in too late but holded my position whole day long. Max drawdpwn was 29 pips. Managed to take 30 pips on gu that's it nothing more.
Trading is like cycling, first you need to learn how.

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dragon33
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Postby dragon33 » Mon Aug 09, 2010 9:50 pm

flex wrote:what is so bad about posting losers. i am here to learn. i'm relatively new to dragon's style of trading, ok, but after months and months of trying and losing trades in rat reversals i figured, well, maybe that just is not for me. so i wanted to do something different. zlines make much more sense to me, but forgive me if i post stupid trades. i'm here to learn and i think there are many ppl reading this thread and not posting a single chart doing the exact same thing.


None of the posted trades are stupid. We all have a reason to enter. Just look for fails on the highs/lows. Those are the place to enter.
Yes today was a shitday for a lot of people.

I entered just before 11 and took profit around 18:00
Thats 7hours for 30 pips.

Sometimes you have to be patient
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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dragon33
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Postby dragon33 » Mon Aug 09, 2010 9:54 pm

lukx wrote:yep... I think our mistake was not waiting for 1h momo up from 4h mz and pullback to this 1h momo mz...


So you know, then why take this trade???
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dragon33
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Postby dragon33 » Mon Aug 09, 2010 9:58 pm

cfabian wrote:Not sure about that, H1 momo up is where our fibs are located. Also consider this post what I believe is "similar":

http://kreslik.com/forums/viewtopic.php?p=44519#44519



lukx wrote:yep... I think our mistake was not waiting for 1h momo up from 4h mz and pullback to this 1h momo mz...


Nope not similar!!!

When reaching a zone YOU ONLY GET A GO WHEN YOU CAN DRAW ZEROLINES!!!!

So where are the lines on your M15. There is no M15 BO so there is no M15 zl possible. See the difference
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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cfabian
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Postby cfabian » Mon Aug 09, 2010 10:05 pm

TRO, you're damn quick.

TheRumpledOne wrote:
dragon33 wrote:
rushN4 wrote:
dragon33 wrote:Image



Thanks dragon for showing us new stuff... :D do you always draw in this lines? or is it just for explanation? to show us....


I only draw them when they fall of my screen. It is just something to consider and for learning purposal about support and resistance.

If you know these points then you can almost predict if it is worth taking a trade or not.

If you can choose to take a trade now with a possibility of 20 pips or just wait till you get the RIGHT opportunity to make about 100 what would you do!!!

I guess i know.

Well those lines can give you that edge you need.


Image

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cfabian
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Postby cfabian » Mon Aug 09, 2010 11:43 pm

Dragon, I believe to have a confusion here...

That marked candle in my post was considered as it wicked the H1 zone and closed out of it, creating a bullish "reversal candle". That zone also coincided with a H1 ZL. I entered at the break of it. Long term trend has been bullish as well.

What you do is entering at the break of high/low of confirming M15 candle, right (rat entry)?

When you say "YOU ONLY GET A GO WHEN YOU CAN DRAW M15 ZL", it makes me believe you enter on the retrace to the break out point, and not as a rat.

In addition, when looking back at the linked example, I do not see a ZL on M15 that is wicked back, what suggests the entry is at the break and not at a retrace. So to me, the only difference would be the equal sized candles.

Not sure if I'm expressing this correctly. Hopefully I am.

Maybe yes it was just a losing trade when our edge indicated the opposite.

Thanks for your help.



dragon33 wrote:
cfabian wrote:Not sure about that, H1 momo up is where our fibs are located. Also consider this post what I believe is "similar":

http://kreslik.com/forums/viewtopic.php?p=44519#44519



lukx wrote:yep... I think our mistake was not waiting for 1h momo up from 4h mz and pullback to this 1h momo mz...


Nope not similar!!!

When reaching a zone YOU ONLY GET A GO WHEN YOU CAN DRAW ZEROLINES!!!!

So where are the lines on your M15. There is no M15 BO so there is no M15 zl possible. See the difference
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Mon Aug 09, 2010 11:50 pm

What would be the problem? I had a good month over july. Increased my account by 50% in 2 weeks. I felt you guys should know how.... like if finally everything aligned up.... but s**t, last week and today had been terrible and lost all my profits. Have to start building up again.

Damn, what is it that makes you blind??????
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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bredin
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Postby bredin » Tue Aug 10, 2010 12:39 am

cfabian,
its called a 'sudden attack of retardataion' :)

G.
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