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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:10 pm

Im just looking for a short at the moment, looks like it might turn soon, on the GBP/USD and EUR/USD.

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

User avatar
Braathen
rank: 500+ posts
rank: 500+ posts
Posts: 612
Joined: Mon Jul 20, 2009 6:21 pm
Reputation: 1
Location: Infront of the PC O_o
Gender: Male

Postby Braathen » Fri Jan 08, 2010 5:24 pm

Woot man!! whats the story in-xs!! im a paddy in denmark ;)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Fri Jan 08, 2010 5:24 pm

Not so sure about this... D1 on both pairs are at support levels.


IN-XS wrote:Im just looking for a short at the moment, looks like it might turn soon, on the GBP/USD and EUR/USD.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:30 pm

Well fair play to ya, Braathen! For such a small country, we seem to be everywhere.

And I see what you are saying Cfabian I am just looking for a few pip scalp, if I can achieve even that.

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Fri Jan 08, 2010 5:34 pm

cfabian wrote:Thanks again master dragon, very clear your explanation.

Just one question here along... weather the breakout is on the candle holding the # mark, or it can be on a consecutive candle? This arise my attention as many times long candles are the ones holding the # mark, making its breakout somewhat distant to where price is at the moment.


Image


dragon33 wrote:
cfabian wrote:Hey Dragon,
Here's your chart where I made some comments.

The red circles show the points where at some point there were #2 or #3 values, before they were broken out. The question is weather you are alert to try to trade on the break out of the body of each one?

The second note is where your entry is... questioning weather you trade at the break out of the line in the very first candle, or wait till the next one to wick the line after price crossed it, and enter in that small retrace (in this case in the long bullish candle).

Thanks in advance.

Image





dragon33 wrote:
JESGPY wrote:
dragon33 wrote:This should be an answer to a lot of people who are struggling with the entry and the SL.

Lets start with a picture!
Image

Lets say you are entering with a limit order at the 50% section of the H4 candle from where the lines are starting. That way you are entering without any view what price will do next!!! This is told several times but for those who don't have the discipline to wait put your SL at the bottom or the 0% section!!!

On the next picture i will give you other possibilities.

Image

The white lines on this picture are the same as on previous picture drawn on the H4 chart. The red lines are the new analysis!
Now you can see what would have happened if you got in with a limit. It depends on what for trader you are if you like this or not!! I don't!!

The first blue candle gives you a hint of a possible change but you need to see first some things befor that candle will hold! Let that candle close and see what happen next. Put a line at the 50% area and if price hit that line and run away in the direction you want be ready to enter at body close or high!!! You will make pips immediately. Put your SL at the bottom of the candle with the drawings on!!! If the SL is bigger then 20 take it at your own risk. This was 18 pips. Lets tune the SL.

Image

Now you can see how it is possible to tune the SL. You could have entered with a SL of just 8 pips and when you look up that was a nice RR ;-)
For targeting another difficult part. Every previous H1 open, close or 50% area is a possible stoppoint so be ready to close and try to reenter.



Dragon

is this trade correct acording to your explanation I quoted above

1h Mo Zone

Image

5m entry of 1h MO zone

Image

Thanks for your feedback

JUAN


Yes but try to make your entry after price came back. So you have your entry candle. wait for price to come back and then you enter. It is less drawdown


The points with the red circles are places where you can think of making an entry but it is you who decide to enter or not. What i do is pointing out where i would like to enter with high probability. This is drawn in yellow.

The entry i showed is very agressive and i don't recommend doing that. In the picture below you can see the right entry where i was talking about before. It is better to wait untill you see reverse, read other color, before you take the trade in another direction. That's just my experience. The entry place was also a double bottom visible on H4, H1 and even on M15 if you had a 22" screen.

Image


I really want you to see the difference between M5 and M15.

I would never consider going long there because the candle with the two is to big. It is also still in the beginning of the hour. You need to look very closely to my charts, my entrys are almost with the same color as H1.

But to answer the question, yes you can make your entry on the candle after the mark if it fits my plan and the marked candle is also that big then i make my entry on the second candle. Another point i'm telling a lot is to wait for the first candle in the other direction look where that candle closes and watch the high if it stops on previous 50% area we are not going up!!!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:34 pm

Still going up, no short for a while I guess. Wish I had held onto them now. I guess that sort of experience will come in time.

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:42 pm

Dragon, you said "if it stops on previous 50% area we are not going up!!!". Does this 50% area include the wicks, or just the body of the candle? Thanks for all your help and to everybody!

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Fri Jan 08, 2010 5:45 pm

Nice.... pulled out 22 pips from this sucker... finally something with 2 digits (and positive of course). I guess will continue up, but wanted to secure this achievement.

BTW, I'm always trading live... small lots, but different story than demo. I recommend it.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:51 pm

Nice! And yeah I am going to go live in a week or two, tried before last summer, but just blew my account. Hopefully this time will be different and yeah small lots is a must for me!

User avatar
IN-XS
rank: 150+ posts
rank: 150+ posts
Posts: 304
Joined: Tue Jan 27, 2009 12:00 am
Reputation: 0
Location: UK
Gender: Male

Postby IN-XS » Fri Jan 08, 2010 5:53 pm

Thought I would squeeze in a little cheeky one on the Yen!

Image

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


Return to “TheRumpledOne”