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

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pablo101
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Postby pablo101 » Wed Dec 30, 2009 6:22 am

Yep, it bombed north. So much for that idea :(
What line? The line that tells you which way you are trading! - MO

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aliassmith
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Postby aliassmith » Wed Dec 30, 2009 9:02 pm

pablo101 wrote:Yep, it bombed north. So much for that idea :(


GBP/USD was at a Weekly zline, 4 Hour zline, and a Daily zline. The
most logical direction was long with that information in hand. I did see a M15 zline for an entry long with about a 12 pips stoploss

Unfortunatly I didn't get a piece of that 200+ move because I was
sleeping and didn't think holiday volume was good enough for moves
like that. :oops:


Would have been a great "trade the eternal"
Trade Your Way as Long as It Makes Money!

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pablo101
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Postby pablo101 » Thu Dec 31, 2009 4:12 am

aliassmith wrote:
pablo101 wrote:Yep, it bombed north. So much for that idea :(


GBP/USD was at a Weekly zline, 4 Hour zline, and a Daily zline. The
most logical direction was long with that information in hand. I did see a M15 zline for an entry long with about a 12 pips stoploss

Unfortunatly I didn't get a piece of that 200+ move because I was
sleeping and didn't think holiday volume was good enough for moves
like that. :oops:


Would have been a great "trade the eternal"


Yes, I saw all the zlines 'after' the fact, I didn't react too well there. But I did get some pips and got to my goal anyhow :)

Yes, a lot of movement this end of year, if I remember correctly, last year wasn't as good!? No idea why.

Happy New Year aliassmith!
What line? The line that tells you which way you are trading! - MO

NeGem
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Postby NeGem » Thu Dec 31, 2009 7:05 am

Hi all,

I have posted the following message to the Never lose thread but there seems to be an error . . .

I have a couple questions regarding "price action". Many of the trades posted by es/pip and dragon are based on mighty zone + price action. When you guyz talk about price action, what does that mean? When I look at a chart, I constantly see price going up and down. Then, I notice that the candle does not always tell the truth. For example, a 5 minute bearish pin bar can actually be bullish when you look at how the candle forms. While the candle is forming, I notice the conflict/ battle between the buying pressure and the selling pressure. Even though price forms a bearish pin bar, the overall buying pressure still dominate the selling pressure because I can see that price rises very rapidly (takes 1 minute to rise) and price drops very slowly (takes 4 minutes to fall about the same height). Is price action referring to this "battle between buying and selling pressure"? If so, does that mean you have to constantly look at the chart when the trade is executed because the buying and selling pressure may alter (which is the point where we exit?)?

Any help will be appreciated ^^
Thanks :)

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Postby Fxtraveller » Thu Dec 31, 2009 9:52 am

it may alter with every tick.
Just keep in mind that the (quoting dragon and many other) the higher timeframe ovverrides the lower one.
For example
If there is a strong H4 CLOSED candle, and currently a M5 is is falling , be wary. rather wait till current M5 move wears out and a M5 bull momo appears. then you have higher and lower timeframes on your side.

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pablo101
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Postby pablo101 » Thu Dec 31, 2009 10:30 am

Image

+18 pip

Happy New Year all!
What line? The line that tells you which way you are trading! - MO

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pablo101
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Postby pablo101 » Thu Dec 31, 2009 10:48 am

I was looking at this one but I didn't enter

Image
What line? The line that tells you which way you are trading! - MO

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Postby pablo101 » Thu Dec 31, 2009 2:28 pm

short was +19 and long at BE

Image
What line? The line that tells you which way you are trading! - MO

aliassmith
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Postby aliassmith » Fri Jan 01, 2010 3:23 pm

aliassmith wrote:Unfortunatly I didn't get a piece of that 200+ move because I was
sleeping and didn't think holiday volume was good enough for moves
like that. :oops:


Fortunately I was able to catch 100 pips of the EUR/JPY move up :D

Just goes to show that there is always another trade around the corner.
Trade Your Way as Long as It Makes Money!

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Braathen
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Postby Braathen » Fri Jan 01, 2010 10:43 pm

i only got 70 but ahh well..(if ofc it is the same move we are talking about but i think it is ^^) a to b.. no worries ;) missed out on the GU..
"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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