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

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aliassmith
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Postby aliassmith » Sun Dec 13, 2009 5:19 pm

adaseb wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:This should be an answer to a lot of people who are struggling with the entry and the SL.

Lets start with a picture!
Image

Lets say you are entering with a limit order at the 50% section of the H4 candle from where the lines are starting. That way you are entering without any view what price will do next!!! This is told several times but for those who don't have the discipline to wait put your SL at the bottom or the 0% section!!!

On the next picture i will give you other possibilities.

Image

The white lines on this picture are the same as on previous picture drawn on the H4 chart. The red lines are the new analysis!
Now you can see what would have happened if you got in with a limit. It depends on what for trader you are if you like this or not!! I don't!!

The first blue candle gives you a hint of a possible change but you need to see first some things befor that candle will hold! Let that candle close and see what happen next. Put a line at the 50% area and if price hit that line and run away in the direction you want be ready to enter at body close or high!!! You will make pips immediately. Put your SL at the bottom of the candle with the drawings on!!! If the SL is bigger then 20 take it at your own risk. This was 18 pips. Lets tune the SL.

Image

Now you can see how it is possible to tune the SL. You could have entered with a SL of just 8 pips and when you look up that was a nice RR ;-)
For targeting another difficult part. Every previous H1 open, close or 50% area is a possible stoppoint so be ready to close and try to reenter.


Very nice explaination of doing both entry types . There are other ways
also and I think each trader will need to make a choice that will be best for
them. Usually there is not a one size fits all approach when it comes to trading.

BTW Dragon33, In what thread was it that you posted your live account
going from 400 Eur to 22K Eur? I can't seem to find it.


Of course there are other ways to trade! But i can tell you for sure that trading without lagging indicators is the best type of trading. I think i almost traded everything there is in during my learning curve.

The reason why i still pick in on this method is because there is a lot of interest for and it works great. It takes some time to understand but once you start seeing you just have to do it. Most people enter like picture one of my previous post and that is not the right way to do it.

After all the difficult part of trading is deciding where to enter and put your SL. Targeting is the next part and that's where a lot of people get confused by marketing techniques on the internet.
Yes it is possible to run a few hunderd pips but it ain't that easy like all people are saying.


Dragon33,

I think maybe you got the wrong impression about my response.
I was not talking about other trading methods, such as indicators
and such. Personally I use zlines, fibs, S/R. What I am saying is
that you have many was to manage a zline trade.

One could build a whole strategy around building positions on
large timeframes using zlines. One could do multiple lots in and
partial lots out. Just saying trade management using zlines can
be successful many different ways.

Yesterday I scalped some pips and used those to "trade the eternal"
on a EUR/JPY yesterday around 4pm EST long. MightyOne has been
a great source of information.


oh ok lets say it was the language barrier


Yes, I work with a group of bavarian Germans from Krones on a project here in the U.S. and you can say there is a language barrier at times :)
Servus

As for trading, I think Zlines are one of the best trading concepts I have
come across. I have seen several ways to incorporate them into my everyday trading. I have not done any es/pip or MightyOne returns with them yet, but they have helped a lot to grow my account. I continue to research them since I want to understand them better.

Used alone or with other basic methodology they are a powerful edge.



Hey

So did you make some live real money trading the Zlines yet?


Yes I trade zlines on a live account :)
Trade Your Way as Long as It Makes Money!

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Thank you for your support.

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dragon33
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Postby dragon33 » Sun Dec 13, 2009 6:44 pm

JESGPY wrote:
dragon33 wrote:
JESGPY wrote:
dragon33 wrote:
JESGPY wrote:Guys can you help me out and tell me if this was a valid Z-line trade.

Image


thanks for your opinions, advice, and corrections


JUAN


That's a correct zero trade. Keep doing this over and over and after a while you are able to pick the first candle to enter the same way you did now!


Thanks Dragon this boost my confidence a lot...ill keep doing this

Now what do you mean by you are able to pick the first candle to enter the same way you did now!?

Thanks

JUAN


On the picture you drawed a Mightyzone. There is a zone one candle higher and that's the first candle!



Dragon

Is the zone I marked inthe picture the previous Mighty Zone??

Image

Thanks

JUAN


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

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JESGPY
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Postby JESGPY » Sun Dec 13, 2009 8:16 pm

dragon33 wrote:
JESGPY wrote:
dragon33 wrote:
JESGPY wrote:
dragon33 wrote:
JESGPY wrote:Guys can you help me out and tell me if this was a valid Z-line trade.

Image


thanks for your opinions, advice, and corrections


JUAN


That's a correct zero trade. Keep doing this over and over and after a while you are able to pick the first candle to enter the same way you did now!


Thanks Dragon this boost my confidence a lot...ill keep doing this

Now what do you mean by you are able to pick the first candle to enter the same way you did now!?

Thanks

JUAN


On the picture you drawed a Mightyzone. There is a zone one candle higher and that's the first candle!



Dragon

Is the zone I marked inthe picture the previous Mighty Zone??

Image

Thanks

JUAN


Image



Is this correct Dragon

Image

That was a Mighty Zone because candle B was more then 2 time of candle A.

Please tell me if I am wrong.

Thanks

JUAN

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adaseb
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Postby adaseb » Mon Dec 14, 2009 6:54 am

aliassmith wrote:
adaseb wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:This should be an answer to a lot of people who are struggling with the entry and the SL.

Lets start with a picture!
Image

Lets say you are entering with a limit order at the 50% section of the H4 candle from where the lines are starting. That way you are entering without any view what price will do next!!! This is told several times but for those who don't have the discipline to wait put your SL at the bottom or the 0% section!!!

On the next picture i will give you other possibilities.

Image

The white lines on this picture are the same as on previous picture drawn on the H4 chart. The red lines are the new analysis!
Now you can see what would have happened if you got in with a limit. It depends on what for trader you are if you like this or not!! I don't!!

The first blue candle gives you a hint of a possible change but you need to see first some things befor that candle will hold! Let that candle close and see what happen next. Put a line at the 50% area and if price hit that line and run away in the direction you want be ready to enter at body close or high!!! You will make pips immediately. Put your SL at the bottom of the candle with the drawings on!!! If the SL is bigger then 20 take it at your own risk. This was 18 pips. Lets tune the SL.

Image

Now you can see how it is possible to tune the SL. You could have entered with a SL of just 8 pips and when you look up that was a nice RR ;-)
For targeting another difficult part. Every previous H1 open, close or 50% area is a possible stoppoint so be ready to close and try to reenter.


Very nice explaination of doing both entry types . There are other ways
also and I think each trader will need to make a choice that will be best for
them. Usually there is not a one size fits all approach when it comes to trading.

BTW Dragon33, In what thread was it that you posted your live account
going from 400 Eur to 22K Eur? I can't seem to find it.


Of course there are other ways to trade! But i can tell you for sure that trading without lagging indicators is the best type of trading. I think i almost traded everything there is in during my learning curve.

The reason why i still pick in on this method is because there is a lot of interest for and it works great. It takes some time to understand but once you start seeing you just have to do it. Most people enter like picture one of my previous post and that is not the right way to do it.

After all the difficult part of trading is deciding where to enter and put your SL. Targeting is the next part and that's where a lot of people get confused by marketing techniques on the internet.
Yes it is possible to run a few hunderd pips but it ain't that easy like all people are saying.


Dragon33,

I think maybe you got the wrong impression about my response.
I was not talking about other trading methods, such as indicators
and such. Personally I use zlines, fibs, S/R. What I am saying is
that you have many was to manage a zline trade.

One could build a whole strategy around building positions on
large timeframes using zlines. One could do multiple lots in and
partial lots out. Just saying trade management using zlines can
be successful many different ways.

Yesterday I scalped some pips and used those to "trade the eternal"
on a EUR/JPY yesterday around 4pm EST long. MightyOne has been
a great source of information.


oh ok lets say it was the language barrier


Yes, I work with a group of bavarian Germans from Krones on a project here in the U.S. and you can say there is a language barrier at times :)
Servus

As for trading, I think Zlines are one of the best trading concepts I have
come across. I have seen several ways to incorporate them into my everyday trading. I have not done any es/pip or MightyOne returns with them yet, but they have helped a lot to grow my account. I continue to research them since I want to understand them better.

Used alone or with other basic methodology they are a powerful edge.



Hey

So did you make some live real money trading the Zlines yet?


Yes I trade zlines on a live account :)


Are you making consistent profits?

I don't want to intrude or anything it's just that it seems that there was countless amount of people who posted a couple times on the NLA thread about how "ZL method has made them rich, they quit their job, etc,etc" however many of those individuals never post again.

I seem to make little money on a small micro account but week after week I almost keep netting 0 pips. I don't lose money but I don't make any money either.

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rushN4
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Postby rushN4 » Mon Dec 14, 2009 10:03 am

Hello

here is a trade i took hope it works out for me (4H+1H ZL) ....i used dragons entry technik...Dragon please correct me if it is not the right way to do it.
thx
Image
Image
Last edited by rushN4 on Mon Dec 14, 2009 12:18 pm, edited 1 time in total.
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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Thank you for your support.

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rushN4
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Postby rushN4 » Mon Dec 14, 2009 10:34 am

rushN4 wrote:Hello

here is a trade i took hope it works out for me (4H+1H ZL) ....i used dragons entry technik...Dargon please correct me if it is not the right way to do it.
thx
Image
Image



Closed half position on 15min MZ other half hit the tuned 5min sl.
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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rushN4
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Postby rushN4 » Mon Dec 14, 2009 12:10 pm

My next entry

Image
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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rushN4
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Postby rushN4 » Mon Dec 14, 2009 12:51 pm

rushN4 wrote:My next entry

Image



closed at 1.6250 (1h open and close)

+20pip
Last edited by rushN4 on Mon Dec 14, 2009 1:08 pm, edited 1 time in total.
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

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JESGPY
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Postby JESGPY » Mon Dec 14, 2009 1:02 pm

Dragon or anyone who can help.

After how many candles afer the new Mighty zone is formed?
Does it has to be only on consecutive candles?

Thanks

JUAN

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dragon33
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Postby dragon33 » Mon Dec 14, 2009 1:07 pm

adaseb wrote:
aliassmith wrote:
adaseb wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:
aliassmith wrote:
dragon33 wrote:This should be an answer to a lot of people who are struggling with the entry and the SL.

Lets start with a picture!
Image

Lets say you are entering with a limit order at the 50% section of the H4 candle from where the lines are starting. That way you are entering without any view what price will do next!!! This is told several times but for those who don't have the discipline to wait put your SL at the bottom or the 0% section!!!

On the next picture i will give you other possibilities.

Image

The white lines on this picture are the same as on previous picture drawn on the H4 chart. The red lines are the new analysis!
Now you can see what would have happened if you got in with a limit. It depends on what for trader you are if you like this or not!! I don't!!

The first blue candle gives you a hint of a possible change but you need to see first some things befor that candle will hold! Let that candle close and see what happen next. Put a line at the 50% area and if price hit that line and run away in the direction you want be ready to enter at body close or high!!! You will make pips immediately. Put your SL at the bottom of the candle with the drawings on!!! If the SL is bigger then 20 take it at your own risk. This was 18 pips. Lets tune the SL.

Image

Now you can see how it is possible to tune the SL. You could have entered with a SL of just 8 pips and when you look up that was a nice RR ;-)
For targeting another difficult part. Every previous H1 open, close or 50% area is a possible stoppoint so be ready to close and try to reenter.


Very nice explaination of doing both entry types . There are other ways
also and I think each trader will need to make a choice that will be best for
them. Usually there is not a one size fits all approach when it comes to trading.

BTW Dragon33, In what thread was it that you posted your live account
going from 400 Eur to 22K Eur? I can't seem to find it.


Of course there are other ways to trade! But i can tell you for sure that trading without lagging indicators is the best type of trading. I think i almost traded everything there is in during my learning curve.

The reason why i still pick in on this method is because there is a lot of interest for and it works great. It takes some time to understand but once you start seeing you just have to do it. Most people enter like picture one of my previous post and that is not the right way to do it.

After all the difficult part of trading is deciding where to enter and put your SL. Targeting is the next part and that's where a lot of people get confused by marketing techniques on the internet.
Yes it is possible to run a few hunderd pips but it ain't that easy like all people are saying.


Dragon33,

I think maybe you got the wrong impression about my response.
I was not talking about other trading methods, such as indicators
and such. Personally I use zlines, fibs, S/R. What I am saying is
that you have many was to manage a zline trade.

One could build a whole strategy around building positions on
large timeframes using zlines. One could do multiple lots in and
partial lots out. Just saying trade management using zlines can
be successful many different ways.

Yesterday I scalped some pips and used those to "trade the eternal"
on a EUR/JPY yesterday around 4pm EST long. MightyOne has been
a great source of information.


oh ok lets say it was the language barrier


Yes, I work with a group of bavarian Germans from Krones on a project here in the U.S. and you can say there is a language barrier at times :)
Servus

As for trading, I think Zlines are one of the best trading concepts I have
come across. I have seen several ways to incorporate them into my everyday trading. I have not done any es/pip or MightyOne returns with them yet, but they have helped a lot to grow my account. I continue to research them since I want to understand them better.

Used alone or with other basic methodology they are a powerful edge.



Hey

So did you make some live real money trading the Zlines yet?


Yes I trade zlines on a live account :)


Are you making consistent profits?

I don't want to intrude or anything it's just that it seems that there was countless amount of people who posted a couple times on the NLA thread about how "ZL method has made them rich, they quit their job, etc,etc" however many of those individuals never post again.

I seem to make little money on a small micro account but week after week I almost keep netting 0 pips. I don't lose money but I don't make any money either.


Do not believe blindly. Some people give proof and most people don't. It is easy to say i do this i quit my job etc. I make big money but i'm still working a dayjob untill next year.

When you are trading a micro account you need to have an iron discipline to grow your account.
If you make $2 what's the first thing you think "ok go to the next trade" that's the reason why most traders don't make money. They can not wait for a trade and when they are making money they can't stop trading.

You only need a year or two to grow a small account to a significant balance. What would you do if you can play with $75/pip and you make 10 pips. You stop your trading for today. It is easy to make money with a big account if you know how to enter place your stops and beeing able to take profit when there is but with a small account it is hard!!!
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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