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

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Brookmyre
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Postby Brookmyre » Wed Dec 09, 2009 2:55 am

adaseb wrote:lukx
cfabian

Where are you guys?


Hey adaseb, Still following along....so your not entirely alone in the world :)
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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adaseb
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Postby adaseb » Wed Dec 09, 2009 3:54 am

Good good.

The Kreslik forum seems kind of lonely lately.

Not much activity anymore.

I haven't posted recently because I realized that I suck at trading ZL so I went back to my simulator and been practicing trading like that for a while this week.

Hope nobody gave up on trading the FOREX

Brookmyre
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Postby Brookmyre » Wed Dec 09, 2009 5:21 am

Good good.

The Kreslik forum seems kind of lonely lately.

Not much activity anymore.


It has been quiet lately....
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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Braathen
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Postby Braathen » Wed Dec 09, 2009 7:37 am

Hey guys ;) im still here.. still trading 24/7 :) :) just feel silly posting all these pics... .. but im always here looking for a good read and for MO to post some nuggets ^^
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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fx_disciple
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what's wrong?

Postby fx_disciple » Thu Dec 10, 2009 1:47 pm

I have to declare my biggest loss using the ZL approach. so if any of you "see it" today and profited from where I fell please tell me what's wrong with it? and how I should have dodge it.

here was the original plot:
I entered the short position today at 06.51 broco time @129.07 because I "think" price is commencing downward. 40 pips later, I have to admit that the original "thought" was wrong. Hence, the question... what was wrong? es/pip or dragon33, can you help me figure it out please.

here's the crime scene:
Attachments
failed trade eurjpy.gif
failed trade eurjpy.gif (13.78 KiB) Viewed 2166 times
failed trade eurjpy2.gif
failed trade eurjpy2.gif (9.64 KiB) Viewed 2166 times

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aliassmith
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Re: what's wrong?

Postby aliassmith » Thu Dec 10, 2009 2:02 pm

fx_disciple wrote:I have to declare my biggest loss using the ZL approach. so if any of you "see it" today and profited from where I fell please tell me what's wrong with it? and how I should have dodge it.

here was the original plot:
I entered the short position today at 06.51 broco time @129.07 because I "think" price is commencing downward. 40 pips later, I have to admit that the original "thought" was wrong. Hence, the question... what was wrong? es/pip or dragon33, can you help me figure it out please.

here's the crime scene:


I think I see your game plan from the pics.

The H4 chart is showing a down trend so you wanted to go with it.
If you played the zline on the H4 specifically then I don't believe
it failed as of the time of that picture. You need big stops to play
that timeframe directly. probably could have been out at BE.

Now if you dialed down to play it off of the H1 chart then you
should have played it off of the H1 zline short and not the H4.
Playing the H1 you probably would have took a small loss.
Trade Your Way as Long as It Makes Money!

spa
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Postby spa » Thu Dec 10, 2009 3:59 pm

long GBPUSD attempt... red line 1h Zl..entry at the blue marker, quick exit at the red one... tuff
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cable.gif
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dragon33
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Re: what's wrong?

Postby dragon33 » Thu Dec 10, 2009 4:30 pm

fx_disciple wrote:I have to declare my biggest loss using the ZL approach. so if any of you "see it" today and profited from where I fell please tell me what's wrong with it? and how I should have dodge it.

here was the original plot:
I entered the short position today at 06.51 broco time @129.07 because I "think" price is commencing downward. 40 pips later, I have to admit that the original "thought" was wrong. Hence, the question... what was wrong? es/pip or dragon33, can you help me figure it out please.

here's the crime scene:


You picked the wrong zerolines. I have added new lines to let you see what you where doing wrong. You where shorting a position after a drop of three hours in a row???? Why the hell are you doing that!
You shorted at a zeroline on a place where no profit is left.

Image

Image
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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adaseb
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Postby adaseb » Thu Dec 10, 2009 5:04 pm

Yeah when I have 2 ZL very close to each other on the H4, one being a long and the other a short. I just avoid the trade all together.

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dragon33
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Postby dragon33 » Thu Dec 10, 2009 5:14 pm

it is quit because the holidays are coming
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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