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

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MightyOne
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Postby MightyOne » Tue Aug 10, 2010 7:09 pm

cfabian wrote:Image


I wouldn't know because I don't give a damn about the news and am always waiting for the long candles before I exit a trade...

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TheRumpledOne
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Postby TheRumpledOne » Tue Aug 10, 2010 11:32 pm

"I wouldn't know because I don't give a damn about the news and am always waiting for the long candles before I exit a trade..."

Interesting...

What's a "long candle"? A candle > 2 times average range?
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pablo101
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Postby pablo101 » Wed Aug 11, 2010 12:29 am

cfabian wrote:Another losing trade...

We are standing at a daily ZL as well as a Weekly low extreme. Reason to go long. (trade was based on 15m, probably to early).

Image


I wouldn't have taken this one, look at the H1 overlay, it's small and smaller than the previous H1.

You other +45 pip was nice, h1 swing momo down then momo up, see the orange sema before the yellow, that h1 candle low was tested (sema 3). I was in bed so I didn't take it but my entry would have been same as yours due to the all the factors I stated plus your 15m red entry candle tested the previous H4 candle low then shot up.

For your question posted in a chart by jarnapal, I let him explain more as it was his example but bascially, in the red boxes there is more 15m candles for the trader to make a decision whilst in the yellow there wasn't.

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bacoazul
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Postby bacoazul » Wed Aug 11, 2010 10:23 am

bacoazul wrote:
MightyOne wrote:
bacoazul wrote:Hello traders, first of all i want to thanks again to all the
masters here on kreslik for teaching us so much.
This time i want to take my trading to the next level, i
been doing this kind of trades for some time now but
this is this first time i take a trade with big lot size on
both entries, so i have a question, how do you guys
lower or nulify the risk when you are in the place i'am
with this trade?

Image

Tx in advance for your feed back. :D


I guess that I do not understand why you are worrying about risk when you are so deep in profit.

If you were planning on moving your average down to a 40% RET between your average price and your next entry then you should consider the risk of such a play.

You should only be thinking about resistance and how fast or slow you should bring your average price down behind the trend.

That last red candle closed larger than all the bodies in that picture and I would have placed a limit order on the low extreme.

Once I exited at the best price I would follow the rest of my plan...


Ty MO, i really appreciate your feedback right now the price is back at the second entry so i'm gonna wait were the price close and decide what to do next


Get out at close of big body

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Postby jarnapal » Wed Aug 11, 2010 10:33 am

cfabian wrote:Pablo and Jarnapal,
Can you please expand a bit (or a lot) on what you see on the boxes?

I looked for Jarnapal's comment on a Lukx reply, but I'm unsure it is what I found.

To me the reds are "small consolidation areas", and until candles start to build bigger it signals entry, whereas to the yellow there's no consolidation area, just a reacting point. However, on many dragon's charts he trades the reacting points (wicks with opposite candle color) and trades the BO of it... of course when they are in the zone. That is what I wanted to do.

Can you please explain what you see on those areas?

Cheers



pablo101 wrote:
jarnapal wrote:
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


Great example of what to look/wait for :smt033


You explained it perfectly. Red boxes indicate consolidation and yellow box does not. I have to look over dragons post and see what you mean but I know that it's not wise to trade long if it has been strongly coming down, even if it's rat entry. Usually there's always a consolidation period after strong move before it starts to move the other way back.



If the first scenario happens there has to be strong reason where bulls and bears agree in the following direction like S/R or news. Sometimes it's not much of consolidation but the price can't make lower lows and zerolines are being created. You will know that then..

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TygerKrane
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Postby TygerKrane » Wed Aug 11, 2010 11:29 am

MightyOne wrote:
cfabian wrote:Image


I wouldn't know because I don't give a damn about the news and am always waiting for the long candles before I exit a trade...

I stopped looking at news when I finished my Zline studying...I had decided to focus on understanding Supply, Demand and Held Profit as it is represented in the charts, but still in the back of my mind, I thought I was just being lazy :oops:

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TygerKrane
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Postby TygerKrane » Wed Aug 11, 2010 11:33 am

bacoazul wrote:Image

Get out at close of big body


Baco,
You've been holding an EJ short since July 30??? :?: :!: :?:

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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bacoazul
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Postby bacoazul » Wed Aug 11, 2010 1:36 pm

TygerKrane wrote:
bacoazul wrote:Image

Get out at close of big body


Baco,
You've been holding an EJ short since July 30??? :?: :!: :?:


Yes, i was trying to short GU but i didn't get
an entry so i short EJ and GJ almost at same
time, the get out of GJ at big body and let EJ
just for shorts until i see a another big body,
the second short was B/E and the 4th short was
a MO suggestion.
These are my principles. If you don't like them, I have others.

flex
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Postby flex » Wed Aug 11, 2010 2:34 pm

didn't take any trade today. i saw two opportunities (somewhere in the blue areas) i would have taken if i would have been at the pc, but i wasn't!

Image

Image

then there is this white cross... i thought about going short. but: a green h1 candle that was bigger then the previous had just closed. i was unsure. what do the others think? would you have taken the trade? why ignore the longer green h1?

flex
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Postby flex » Wed Aug 11, 2010 5:25 pm

ok, first trade. a loser. :(

Image

equal candles on h1, looked for a retrace and a rat.

Image

professional help needed...

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