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

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MDSEA
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Postby MDSEA » Wed Jan 06, 2010 9:16 pm

Here goes one

I am starting to pedal faster now. Might take off training wheels soon. lol

Image

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MDSEA
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Postby MDSEA » Thu Jan 07, 2010 12:24 am

Here's one I missed but another good example for those learning how to ride.

Image

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ajaymein
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Postby ajaymein » Thu Jan 07, 2010 12:41 am

MDSEA wrote:Here's one I missed but another good example for those learning how to ride.

Image


What exactly are you using to tell you to enter on this trade? I can see the 1hr ZL has been reached, but was there any PA on the 5min bars that told you to enter? Please point them out to me as I was unable to locate the entry PA! :oops:

Thanks

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Postby ajaymein » Thu Jan 07, 2010 1:16 am

This is one I've been looking forward to making for a while!

Image

And this is why I've been looking forward to it!

Image

If this pans out the way I want it to.... :shock:

MDSEA
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Postby MDSEA » Thu Jan 07, 2010 1:33 am

ajaymein wrote:
MDSEA wrote:Here's one I missed but another good example for those learning how to ride.

Image


What exactly are you using to tell you to enter on this trade? I can see the 1hr ZL has been reached, but was there any PA on the 5min bars that told you to enter? Please point them out to me as I was unable to locate the entry PA! :oops:

Thanks


Yea.
Im using blubb mighty inidicator.
I circled the 5min zeroline.
Then I watched what the price did.
It moves back toward the 5min zline.
So if price moves toward the 5min zline I would wait til it touches
or gets close enough to the 5min zline.
In this case it was close enough.
Then what does the price do? It doesn't close pass the
5min zeroline and a long candle closes.
That is the confirmation im looking for.
Giving me a confirmation candle I would enter long when price passed
confirmation candle.
Knowing the whole time that the 1hr zeroline is on your side also.



Hope this helped.....




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pablo101
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Postby pablo101 » Thu Jan 07, 2010 2:26 am

cfabian wrote:Ok, I agree on the down momo there... but what made you enter in that point in your first short trade?

Second short you where just trading the break out of previous short candle, correct? Why didn't you wait for a pull back/retrace on this one?

As per your previous long trade, you where just trading the break out long, just as that?


Congrats... you made good pips today.

Cheers


pablo101 wrote:Image


Yes, basically I almost always trust the smaller TF momo when it gets to a HTF Z and I treat the trades from there as reversals. When I saw 5 min momo from the H4 Z, I did prepared a short stop order at the low of that green, but then the next 5 min candle pushed up looking like it was breaking up but I knew it highly possible it could reverse so that's why I sometimes I use any horizontal level to enter with my finger on the closed order button.

The second trade was a BO short, I wanted to enter when I see confirmation at the 50% and see red colour so entry at the low there.

The long you mentioned is also a break out long, this again looking at momo on that TF (and trusting it) and preparing a stop order at the top. If I remembered my thinking at that time, I knew market could possibly not retrace back 50% or so and I knew it could blow through because of the fast market.

Overall I'm looking at the HTF overlays to see what's going on.

Hoped I explained myself here, my English is crap at the best of times :cry:
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 Jan 07, 2010 2:33 am

MDSEA wrote:Here's one I missed but another good example for those learning how to ride.

Image


MDSEA, can you post your charts to include the time period so it's easier to look back at trades, thanks :)

I didn't see this one at the time but looking at the first 5 min momo on that green, that trade was riskier as the momo is small. The next green would have been the confirmation to me and also I need to see what the HTF candles are looking like there.

But it worked out anyway, nice one! :D
What line? The line that tells you which way you are trading! - MO

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Postby MDSEA » Thu Jan 07, 2010 9:50 am

pablo101 wrote:
MDSEA wrote:Here's one I missed but another good example for those learning how to ride.

Image


MDSEA, can you post your charts to include the time period so it's easier to look back at trades, thanks :)

I didn't see this one at the time but looking at the first 5 min momo on that green, that trade was riskier as the momo is small. The next green would have been the confirmation to me and also I need to see what the HTF candles are looking like there.

But it worked out anyway, nice one! :D


Will do. Next time also ill put try to put up the HTF.

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pablo101
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Postby pablo101 » Thu Jan 07, 2010 11:04 am

MDSEA wrote:
pablo101 wrote:
MDSEA wrote:Here's one I missed but another good example for those learning how to ride.

Image


MDSEA, can you post your charts to include the time period so it's easier to look back at trades, thanks :)

I didn't see this one at the time but looking at the first 5 min momo on that green, that trade was riskier as the momo is small. The next green would have been the confirmation to me and also I need to see what the HTF candles are looking like there.

But it worked out anyway, nice one! :D


Will do. Next time also ill put try to put up the HTF.


Hi MDSEA,

Oops, sorry, I don't mean for 'you' to put up the higher time frame up for me but I was pointing out the said trade and how I see that trade with respect to the HTF (if that made any sense) :(
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 Jan 07, 2010 3:44 pm

tricky today :(
Last edited by pablo101 on Tue Jun 15, 2010 5:46 am, edited 1 time in total.

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