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

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

Postby PTG » Mon Mar 19, 2018 6:05 pm

Leoheart wrote:
PTG wrote:Cheers Mira and Mr. Hyde.

Overnight there would have been a solid entry short during the Asian session; see white horizontal line around 147.70.

Starting a little after 0600 GMT there was another entry long, screen shots below. Multi-day low, weekly low, Dragon line rejected slightly above BRN (which might have been tested but wasn't). Entry wasn't invalidated after the European open (0700-0800 GMT) and sped up after the London open (0900 GMT). And then it went ballistic :shock:

2018-03-19_0712.png2018-03-19_0721.png2018-03-19_0731.png2018-03-19_0745.png2018-03-19_0835.png2018-03-19_0907.png2018-03-19_1323.png


PTG, I love how you show the setup in segments. So simple even a cave man can see it. Awesome stuff. If you took that trade, congrats to ya. Keep em coming!


Lol
Not like this every day.

Dragon33 inspired (or should I say copied ?). I keep coming back to it for several reasons.
Look for multiple day extremes, or weekly even.
The extreme has to stay in place, so a close below should say enough (get out..). Many times you can wait until the next hour has passed to see what happens.
Trade with H1 color and preferably H4 color. Use RAT or some HOLO on a certain time frame or whatever else makes sense and make sure your trade doesn't close below a line in the sand.

I'll post examples of trades where it doesn't work when they happen.

2018-03-19_1425.png
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby PTG » Mon Mar 19, 2018 6:47 pm

I mean read this post from Dragon33 post75210#p75210
you might have to use this link beginners-forum/a-fresh-start-doji-s-trading-journal-t3029/page2870
it's about images_cache/i43.tinypic.com__x5qiic.png and images_cache/i41.tinypic.com__dokkqs.png

Compare the screenshots with the screenshot below to see the potential. 8)

2018-03-19_1934.png
2018-03-19_1934.png (98.12 KiB) Viewed 3043 times


"Trade caught by watching the fail on the daily, those trades pay back good. So no need to trade every day!!!"
There's your dead giveaway right there :lol:
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby PTG » Tue Mar 20, 2018 2:02 pm

So - let's say you went short here around the white Z-line (during Asian) :

2018-03-20_0549.png
2018-03-20_0549.png (78.35 KiB) Viewed 2989 times


and then during the first hour of European it goes beyond the Asian range a few pips, and closes above the 50% line of the latest H1 down momo so you might be inclined to pull the plug on that trade because that's your rule for that trade,

2018-03-20_1436.png
2018-03-20_1436.png (91.71 KiB) Viewed 2989 times


then there's always another trade around the corner

2018-03-20_1447.png
2018-03-20_1447.png (86.98 KiB) Viewed 2989 times


As I write this, it hits the H4 open/close. Right on time before 1500 CET.

2018-03-20_1500.png
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby PTG » Tue Mar 20, 2018 2:22 pm

Bollocks :shock:

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

Postby PTG » Sat Mar 31, 2018 9:05 am

This post belongs here as well I suppose:

post112918#p112918
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby Mr. Hyde » Sat Apr 07, 2018 12:05 am

PTG wrote:I mean read this post from Dragon33 post75210#p75210
you might have to use this link beginners-forum/a-fresh-start-doji-s-trading-journal-t3029/page2870
it's about images_cache/i43.tinypic.com__x5qiic.png and images_cache/i41.tinypic.com__dokkqs.png

Compare the screenshots with the screenshot below to see the potential. 8)

2018-03-19_1934.png

"Trade caught by watching the fail on the daily, those trades pay back good. So no need to trade every day!!!"
There's your dead giveaway right there :lol:


PTG, right after the area you mark what about short here, why wouldn't you start looking for a long half way down. You have 3 nice bullish candles that close above the high pivot. Prices makes it right to the 50% area, prints a sema, stays in place then you have a m15 candles moving and closing above the h1 open, giving you a perfect chance to trade with candle color.
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby Mr. Hyde » Sat Apr 07, 2018 12:22 am

PTG wrote:So - let's say you went short here around the white Z-line (during Asian) :

2018-03-20_0549.png

and then during the first hour of European it goes beyond the Asian range a few pips, and closes above the 50% line of the latest H1 down momo so you might be inclined to pull the plug on that trade because that's your rule for that trade,

2018-03-20_1436.png

then there's always another trade around the corner

2018-03-20_1447.png

As I write this, it hits the H4 open/close. Right on time before 1500 CET.

2018-03-20_1500.png


What would make you take the two additional positions, when price is just falling. Wouldn't you be worried about a retrace, that would happen on about 90% of every other day. Where would you put your stops?

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

Postby PTG » Sat Apr 07, 2018 11:38 am

Mr. Hyde wrote:
PTG wrote:I mean read this post from Dragon33 post75210#p75210
you might have to use this link beginners-forum/a-fresh-start-doji-s-trading-journal-t3029/page2870
it's about images_cache/i43.tinypic.com__x5qiic.png and images_cache/i41.tinypic.com__dokkqs.png

Compare the screenshots with the screenshot below to see the potential. 8)

2018-03-19_1934.png

"Trade caught by watching the fail on the daily, those trades pay back good. So no need to trade every day!!!"
There's your dead giveaway right there :lol:


PTG, right after the area you mark what about short here, why wouldn't you start looking for a long half way down. You have 3 nice bullish candles that close above the high pivot. Prices makes it right to the 50% area, prints a sema, stays in place then you have a m15 candles moving and closing above the h1 open, giving you a perfect chance to trade with candle color.


Because there is a bigger picture to take into account and it's getting in an area where you'd be looking for at least a bigger pull back since is had gone up for 2-ish weeks and that it bounced off of a half BRN that has shown to be relevant in the past (= others have been acting upon it). You don't want to go long in an area of overhead resistance after a long run up; you wait or you look for a short regardless of 50% and whatnot.

Also, looking back at it, I notice that RBNZ talking head Spencer blew some hot air; you often see a run up for days-weeks anticipating an event like that and then after the event it fizzles (also happens in stocks, e.g. Apple is said to introduce yet another useless piece of crap and the masses are buying stock like there is no tomorrow, then after the introduction, when the expectation is gone, the stock tanks). In this case it went up a bit more for half a day or so, pulling in more longs ("let's go long") and running them right into overhead resistance.
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby PTG » Sat Apr 07, 2018 11:46 am

Mr. Hyde wrote:
PTG wrote:So - let's say you went short here around the white Z-line (during Asian) :

2018-03-20_0549.png

and then during the first hour of European it goes beyond the Asian range a few pips, and closes above the 50% line of the latest H1 down momo so you might be inclined to pull the plug on that trade because that's your rule for that trade,

2018-03-20_1436.png

then there's always another trade around the corner

2018-03-20_1447.png

As I write this, it hits the H4 open/close. Right on time before 1500 CET.

2018-03-20_1500.png


What would make you take the two additional positions, when price is just falling. Wouldn't you be worried about a retrace, that would happen on about 90% of every other day. Where would you put your stops?


Because it IS falling. "Think continuation". For some reason human beings are hard wired to look for a reversal everywhere, and that's where the money is because that fails more often than not. Price can only go two ways and it favours the prevalent direction. Look at a chart. Look at the stats that TRO's tools produce. What do you do when the wind is against you, do you start to pee in the direction of the wind, or do you first turn around ? (assuming you're not in the game of wetting your own shoes that is :smt082 )
Put your stops in a place where it makes sense (e.g. "close over a horizontal line"). Or trade space, eights, or whatever else makes sense to you.
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Re: lukx zline trading log + cfabian p.35 + adaseb p.48

Postby Leoheart » Sat Apr 07, 2018 3:56 pm

PTG wrote:
Mr. Hyde wrote:
PTG wrote:So - let's say you went short here around the white Z-line (during Asian) :

2018-03-20_0549.png

and then during the first hour of European it goes beyond the Asian range a few pips, and closes above the 50% line of the latest H1 down momo so you might be inclined to pull the plug on that trade because that's your rule for that trade,

2018-03-20_1436.png

then there's always another trade around the corner

2018-03-20_1447.png

As I write this, it hits the H4 open/close. Right on time before 1500 CET.

2018-03-20_1500.png


What would make you take the two additional positions, when price is just falling. Wouldn't you be worried about a retrace, that would happen on about 90% of every other day. Where would you put your stops?


Because it IS falling. "Think continuation". For some reason human beings are hard wired to look for a reversal everywhere, and that's where the money is because that fails more often than not. Price can only go two ways and it favours the prevalent direction. Look at a chart. Look at the stats that TRO's tools produce. What do you do when the wind is against you, do you start to pee in the direction of the wind, or do you first turn around ? (assuming you're not in the game of wetting your own shoes that is :smt082 )
Put your stops in a place where it makes sense (e.g. "close over a horizontal line"). Or trade space, eights, or whatever else makes sense to you.


:lol:
Soon all of this will be a long time ago. Be Humble, Be Playful.

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