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

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adaseb
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Postby adaseb » Tue Dec 15, 2009 3:42 pm

Wow $250/pip.

Which currency pairs do you trade?

GU
EU
EJ
GJ

Any others?

Is there really a difference between the type of currency pair of is the ZL method the same regardless of the pair?

I know that some pairs cost more/less than others and make bigger/smaller pip movements.

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dragon33
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Postby dragon33 » Tue Dec 15, 2009 3:49 pm

JESGPY wrote:This is a trade i took now..

Any comment will be apreatiated.


I saw this 1h Z-line on EJ.. After i saw held profit i looked for a entry on 15m

1h Zline
Image


15m entry
Image


Comments will be very much apreatiated.

thanks


JUAN


You are entering at a zeroline or breakoutline downwards. Thats not a good decisions. It is better to wait to see how price will act in that area.
If price bounces back down then it is important to see what the possible stopareas are (again open, close and 50% are important)
Try to enter from those points not on top of a run. ALWAYS entering as short from a turning point as possible.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Tue Dec 15, 2009 3:54 pm

adaseb wrote:Wow $250/pip.

Which currency pairs do you trade?

GU
EU
EJ
GJ

Any others?

Is there really a difference between the type of currency pair of is the ZL method the same regardless of the pair?

I know that some pairs cost more/less than others and make bigger/smaller pip movements.


My intraday pair is just GU
EJ and GJ are pairs played from the weekly chart. Once i make a trade i stay in for several days. I will show that later how it can be done. First we need more people on track making those smaller runs.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

aliassmith
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Postby aliassmith » Tue Dec 15, 2009 4:00 pm

dragon33 wrote:
adaseb wrote:Wow $250/pip.

Which currency pairs do you trade?

GU
EU
EJ
GJ

Any others?

Is there really a difference between the type of currency pair of is the ZL method the same regardless of the pair?

I know that some pairs cost more/less than others and make bigger/smaller pip movements.


My intraday pair is just GU
EJ and GJ are pairs played from the weekly chart. Once i make a trade i stay in for several days. I will show that later how it can be done. First we need more people on track making those smaller runs.


GU/EJ Only 2 pairs I watch! Give plenty of opportunities in US and also Tokyo sessions.
Trade Your Way as Long as It Makes Money!

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adaseb
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Postby adaseb » Tue Dec 15, 2009 4:33 pm

Hey dragon33

I started documenting my trades and I have few questions on the trades that didn't work out for me recently.

I basically follow the "stop and reverse" technique.

Here is one trade that didn't work.

Image
Image

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adaseb
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Postby adaseb » Tue Dec 15, 2009 4:38 pm

Here's another one.

I got more to post but don't want to spam this thread.


Image

Image

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JESGPY
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Postby JESGPY » Tue Dec 15, 2009 4:43 pm

dragon33 wrote:
JESGPY wrote:This is a trade i took now..

Any comment will be apreatiated.


I saw this 1h Z-line on EJ.. After i saw held profit i looked for a entry on 15m

1h Zline
Image


15m entry
Image


Comments will be very much apreatiated.

thanks


JUAN


You are entering at a zeroline or breakoutline downwards. Thats not a good decisions. It is better to wait to see how price will act in that area.
If price bounces back down then it is important to see what the possible stopareas are (again open, close and 50% are important)
Try to enter from those points not on top of a run. ALWAYS entering as short from a turning point as possible.



Thanks for the input Dragon.
I think I see what you mean. I entered at a place where the Zero line I marked with red acted as resistance. I got in at a place where no profit was left to be Zerod out. I need to wait more on those trades even if I have bigger TF Zline.


Image

I later took that same 1h Zline without problems.

Is what is said correct.?

Thanks

JUAN

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JESGPY
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Postby JESGPY » Tue Dec 15, 2009 4:52 pm

aliassmith wrote:
JESGPY wrote:
aliassmith wrote:
JESGPY wrote:Took again the EJ trade..

this time from 1h

Image


JUAN


I am looking at 130.82 as target.
doesn't look so hot right now.


i am up 31 pips on it.

Ill post the chart later.. gonna have lunch.

JUAN


Did you take any partial profit, or are you holding tough for your target?


Aliass

I didnt take partial profits. I am now focused spoting good MZs and making good entries. The trade went up to 50pips. I closed it lower

this is a snap shot i took of it after my entry.

Image


Any comments

Guys if my charts bother you let me know ill post less ..

I am just to eager to learn this.

JUAN

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JESGPY
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Postby JESGPY » Tue Dec 15, 2009 4:57 pm

And my last post of the day

This is my trade from the extreme of GU trading off 2 MZs/Suport

Image

I took 35 on it

Comments

JUAN

aliassmith
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Postby aliassmith » Tue Dec 15, 2009 5:05 pm

JESGPY wrote:
aliassmith wrote:
JESGPY wrote:
aliassmith wrote:
JESGPY wrote:Took again the EJ trade..

this time from 1h

Image


JUAN


I am looking at 130.82 as target.
doesn't look so hot right now.


i am up 31 pips on it.

Ill post the chart later.. gonna have lunch.

JUAN


Did you take any partial profit, or are you holding tough for your target?


Aliass

I didnt take partial profits. I am now focused spoting good MZs and making good entries. The trade went up to 50pips. I closed it lower

this is a snap shot i took of it after my entry.

Image


Any comments

Guys if my charts bother you let me know ill post less ..

I am just to eager to learn this.

JUAN


Well oddly enough there was a 61.8 fib right where it retraced from, along with a prior price pivot zone. Will it go up to your target area? Hard to say when it runs into a roadblock. That is the reason I like multiple orders with multiple exits. Could be it is just retracing to give you a better price to get in again? All I know is London session is done and I don't like to trade after that :)
Trade Your Way as Long as It Makes Money!

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