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

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dragon33
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Postby dragon33 » Tue Dec 15, 2009 5:14 pm

adaseb wrote: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


From what i see you are selling while the higher frames are in buy mode, nothing else to say. Why do you think i make my entry after the first different candle color!
Watch my trades very carefully they are almost always with H1 candle color.
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 » Tue Dec 15, 2009 5:15 pm

Ok i see what you mean Aliass
Ill take a look at the also. But with the 20 pip SL i placed if i took 40 of those 50 i could have gotten i would be very happy.

Thanks for the comments

JUAN

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dragon33
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Postby dragon33 » Tue Dec 15, 2009 5:18 pm

JESGPY wrote:
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


Yes that is correct! You bought on a H1 zero area. one H1 candle later you could have seen you where right with much better price to enter.
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 » Tue Dec 15, 2009 5:25 pm

dragon33 wrote:
JESGPY wrote:
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


Yes that is correct! You bought on a H1 zero area. one H1 candle later you could have seen you where right with much better price to enter.



thanks dragon

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rushN4
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Postby rushN4 » Tue Dec 15, 2009 5:47 pm

Here is a trade i took on 4hMz+1hzl...not the best entry on the 15min chart (MZ not wicked) and my stop was big 25 pips

please let me know if i did something wrong, or can do better

Image
Image

thanks
Jochen
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Postby rushN4 » Tue Dec 15, 2009 7:54 pm

Hello dragon

you say you trade almost always with 1h candle color.
Does this mean you enter on a retrace to a 15min ZL in direction of the 1h candle color like in the picture?
Or im completly wrong
stops ar much smaler with this technik.
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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dragon33
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Postby dragon33 » Tue Dec 15, 2009 9:39 pm

rushN4 wrote:Hello dragon

you say you trade almost always with 1h candle color.
Does this mean you enter on a retrace to a 15min ZL in direction of the 1h candle color like in the picture?
Or im completly wrong
stops ar much smaler with this technik.
Image


Yes that is correct
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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rushN4
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Postby rushN4 » Tue Dec 15, 2009 11:19 pm

dragon33 wrote:
rushN4 wrote:Hello dragon

you say you trade almost always with 1h candle color.
Does this mean you enter on a retrace to a 15min ZL in direction of the 1h candle color like in the picture?
Or im completly wrong
stops ar much smaler with this technik.
Image


Yes that is correct



thanks again for the answer.

so you take this trade on my picture directly at the 15min zl wihout any confimation?

Do you try to get a trade every hour if it is possible?
do you only trade the london session?
and how many trades do you take on average in the day?

i feel like a quizmaster ,asking questions all the time.
realy hope i dont bother you
:oops:
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 » Wed Dec 16, 2009 9:21 am

rushN4 wrote:
dragon33 wrote:
rushN4 wrote:Hello dragon

you say you trade almost always with 1h candle color.
Does this mean you enter on a retrace to a 15min ZL in direction of the 1h candle color like in the picture?
Or im completly wrong
stops ar much smaler with this technik.
Image


Yes that is correct



thanks again for the answer.

so you take this trade on my picture directly at the 15min zl wihout any confimation?

Do you try to get a trade every hour if it is possible?
do you only trade the london session?
and how many trades do you take on average in the day?

i feel like a quizmaster ,asking questions all the time.
realy hope i dont bother you
:oops:

Sometimes i'll take it when the M15 candle are small. The most important of my trading style is my SL.
I trade the european hours that includes UK and US. If UK closes i do not trade anymore except when there happened anything during the day.
The average depents on my earnings. If i can catch a trade from $3000 or $4000 it could be i quit, after all i'm just a working guy. If i have nothing to do i leave my screen on.
I use the semafor indi to alert me from extremes, that way i am always near a turning point to catch some quick money.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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rushN4
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Postby rushN4 » Wed Dec 16, 2009 10:15 am

dragon33 wrote:
rushN4 wrote:
dragon33 wrote:
rushN4 wrote:Hello dragon

you say you trade almost always with 1h candle color.
Does this mean you enter on a retrace to a 15min ZL in direction of the 1h candle color like in the picture?
Or im completly wrong
stops ar much smaler with this technik.
Image


Yes that is correct



thanks again for the answer.

so you take this trade on my picture directly at the 15min zl wihout any confimation?

Do you try to get a trade every hour if it is possible?
do you only trade the london session?
and how many trades do you take on average in the day?

i feel like a quizmaster ,asking questions all the time.
realy hope i dont bother you
:oops:

Sometimes i'll take it when the M15 candle are small. The most important of my trading style is my SL.
I trade the european hours that includes UK and US. If UK closes i do not trade anymore except when there happened anything during the day.
The average depents on my earnings. If i can catch a trade from $3000 or $4000 it could be i quit, after all i'm just a working guy. If i have nothing to do i leave my screen on.
I use the semafor indi to alert me from extremes, that way i am always near a turning point to catch some quick money.



HI Dragon

is this what you mean with the semafor on 5min chart ? DO YOU USE 5MIN CHART FOR ENTRY TOO OR ONLY 15min FOR ENTRY?.....I made some pips on this trade(buy 1,6246 sold 1,6282) but lost some before that trade....trigger was at the the first green 5min candle body close(or high) after the semafor..
little bit in profit today

Image
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.

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


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