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

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MDSEA
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Postby MDSEA » Mon Jan 04, 2010 9:59 pm

dragon33 wrote:
MDSEA wrote:Can someone clarify this trading style... Will you lose more than win? But
when you do win do you win larger profits than the losses you accumulate?
as I seen pablo101 say he seen someone else say "jab jab jab KO"

Or is this style of trading more of a high winning percentage style with
low profits per trade?

Or is it in what I would wish the answer is. This method is a high
winning percentage strategy and win big in each trade

In what I see and have done I have alot more losses than wins and
I keep missing the big wins... Just wanna know what other opinions.

Thanks for any response

MD


Just check my statement and you have your answer! A piece of my statement could be found somewhere in this topic.


Oh Ive slobbered all over that statement. Ive seen that statement with
my name on it in my dreams! I am %100 that this is a proven way
to make money in forex. I didnt doubt it.

I've only been practicing this method for only three weeks. Just really
getting my feet wet. Im just trying to soak up all this knowledge
Just so I can get a feel that I'm applying the same methods and have the
confidence of knowing Im doin it right. Should I be in front of the screen all day? Or I guess it matters on each trader
and there style like what Pablo said. I know Dragon you mentioned you just wait to be alerted if the 4hr zline is touched and you trade on from
there. I guess the best way like everyone says is post some charts up.

Thanks again for the input and guidance.

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fx_disciple
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Postby fx_disciple » Tue Jan 05, 2010 4:45 am

@ MDSEA

dragon33 did say wait until the alert ring on H4 and he only base his trade off closed candle not while it's still on the move (correct me if I'm wrong here). so the point is use the alert on 3LZZ and set your alarm on closed candle (every 15 min. or 1 hour etc.). this way you don't haste your trade.

btw, I found an interesting alarm to help me on this one. it has a feature of announce the time and you can set it so that it alert you every xx min. or x hour. the language which the speaker use can be set to english, french, or german. and it's completely free :)

hope you guys find it useful.

...

OK it appears that the file on my compie exceed the limit set on forum (the file is actually not that big, only 1.7 mb). I'll just give the link then.

http://download.cnet.com/Multilingual-S ... 20655.html

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ajaymein
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Postby ajaymein » Tue Jan 05, 2010 5:26 am

Hey guys! Going to post some trades here that I make throughout the night. Here's the first one:

Image

There is a double top on 4hr chart as well with 2 candle PBs.

EDIT: On top of that, there are two nice looking PBs on the hourly chart. Price just broke the previous hours PB and retraced. I found a 2nd chance m15 ZL to enter on...

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ajaymein
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Postby ajaymein » Tue Jan 05, 2010 5:43 am

Stopped out quick! :o

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fx_disciple
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Postby fx_disciple » Tue Jan 05, 2010 6:14 am

ajaymein wrote:Stopped out quick! :o


here's what seem to be the one stopping you out. the H4 zl. price bounced thrice to the downside every time it hit the 50% (the royal blue line). wait and see what's gonna happen in the next 2-3 M15 candles.
Attachments
h4 zl.gif
h4 zl.gif (12.1 KiB) Viewed 1120 times

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ajaymein
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Postby ajaymein » Tue Jan 05, 2010 6:44 am

fx_disciple wrote:
ajaymein wrote:Stopped out quick! :o


here's what seem to be the one stopping you out. the H4 zl. price bounced thrice to the downside every time it hit the 50% (the royal blue line). wait and see what's gonna happen in the next 2-3 M15 candles.


Hmm...where do you see the ZL on the H4 chart? Maybe we are using different feeds...i'm using IBFX.

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pablo101
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Postby pablo101 » Tue Jan 05, 2010 6:45 am

here's my no comment
Last edited by pablo101 on Tue Jun 15, 2010 5:40 am, edited 1 time in total.

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ajaymein
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Postby ajaymein » Tue Jan 05, 2010 7:48 am

Got back in at the right spot...I got in to early on the previous entry is why I got stopped out. +25 and running with stop out at BE!

Image

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pablo101
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Postby pablo101 » Tue Jan 05, 2010 8:04 am

Nice one ajaymein, with you on that but my entry was late. I played off on H4 z, still in

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

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fx_disciple
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Postby fx_disciple » Tue Jan 05, 2010 8:07 am

great scalps there pablo101.

@ajaymein
yes, the chart we're seeing might be different but on the H1 level we're seeing the same thing. my live account is with alpari uk but charting it using broco (both have the same starting time). anyway we're looking for a confirmation of a direction via zl.


stopped at +18, TSL too tight :evil:

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