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

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rushN4
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Postby rushN4 » Mon Dec 14, 2009 4:52 pm

rushN4 wrote:Hey Dragon i missed this Entry :cry: ...what do you think about it?..the trigger is on the 5min ...target 1h ZL
(there is a second entry on the 15min but it is not marked on the chart)

Image
Image


I waited 4hours for the next entry and then i missed it LOL.

waiting is the hardest part like dragon said... :roll:
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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dragon33
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Postby dragon33 » Mon Dec 14, 2009 5:01 pm

It was a bit early my entry but the market order was within my stop range.

Image

This is a statement to show that it is possible to make money with forex.
Every month i withdraw everything above $100000, what you see is just 3 days of trading and this is the big difference between a small and big account.
But hey everybody have to make this journey.

Image
Last edited by dragon33 on Mon Dec 14, 2009 5:33 pm, edited 1 time in total.
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rushN4
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Postby rushN4 » Mon Dec 14, 2009 5:13 pm

dragon33 wrote:It was a bit early my entry but the market order was within my stop range.

Image

This is a statement to show that it is possible to make money with forex

Image



Wow this is very impressive..i hope i can trade like you some day.
I dont wanna bother you.
whould it be possiple to show the reason for the entry on metatrader?
BUT ONLY IF YOU HAVE TIME...time is money

I think you should delete your client number on the picture. i dont know what someone can do with it. but safe is safe

Jochen
Last edited by rushN4 on Mon Dec 14, 2009 5:23 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.

aliassmith
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Postby aliassmith » Mon Dec 14, 2009 5:22 pm

An H4 and H1 zline overlap
seems like an edge to me?
Attachments
aliasdec14h4.gif
aliasdec14h4.gif (12.04 KiB) Viewed 2516 times
Trade Your Way as Long as It Makes Money!

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JESGPY
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Postby JESGPY » Mon Dec 14, 2009 7:43 pm

dragon33 wrote:It was a bit early my entry but the market order was within my stop range.

Image

This is a statement to show that it is possible to make money with forex.
Every month i withdraw everything above $100000, what you see is just 3 days of trading and this is the big difference between a small and big account.
But hey everybody have to make this journey.

Image


That is very impresive. congratulations Dragon..

Would you mind telling us with how much u started...?

JUAN

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adaseb
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Postby adaseb » Mon Dec 14, 2009 7:51 pm

aliassmith wrote:
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.


I don't know how telling you what I do or what I make could help you trade. I am not rich but I made 7% last week and that is all I'll reveal.

I posted charts during my trades before, and I post my observations about price. Sometimes giving back is not worth it. :shock:


That's great.

It nice to see that this ZL method is working out for some.

Gives hope for others who can't figure it out yet.

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adaseb
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Postby adaseb » Mon Dec 14, 2009 7:54 pm

Wow Dragon33

That sure gives everyone here a boost not to give up.

How big are the lots that you trade? 1 Lot ? 2 Lots?

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Postby pablo101 » Tue Dec 15, 2009 1:30 am

dragon33 wrote:It was a bit early my entry but the market order was within my stop range.

Image

This is a statement to show that it is possible to make money with forex.
Every month i withdraw everything above $100000, what you see is just 3 days of trading and this is the big difference between a small and big account.
But hey everybody have to make this journey.

Image


Having a large account makes all the difference. Nice trading Dragon, you really should give up your day job.
What line? The line that tells you which way you are trading! - MO

MDSEA
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Postby MDSEA » Tue Dec 15, 2009 4:53 am

By far this has to be one of the best threads on here. Besides NLA.....

Just wanted to know is anyone on here on TRO's Paltalk chat room 2%
PERCENT ROOM while trading Zlines? Specifically people who are actually
making money doing this..... If not we should start or start our own zline
room... just my 2cents.

Besides that keep up the good work and explanations everyone!

Dragon your charts and post are priceless!!!

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Braathen
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Postby Braathen » Tue Dec 15, 2009 6:28 am

giving back not worth it?? what a horrible thing to say :(
If mo pip and dragon hadnt givin back i wouldnt be here today.
"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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