Mr. D's Humble Quest in the Wick Land

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aliassmith
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Re: Mr. D's Humble Quest in the Wick Land

Postby aliassmith » Tue Mar 12, 2019 11:41 pm

LeMercenaire wrote:
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this.
#-o


Once the middle trade flipped on you, would you not be tempted to enter on a break of the squeeze that had formed? Close over, retest, fail to close back under, enter.

Screenshot 2019-03-12 at 23.13.41 - Edited.png


Yes it was tempting but I was looking for a short as price got closer to the zline where the big move down originated.
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LeMercenaire
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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Wed Mar 13, 2019 12:07 am

aliassmith wrote:
LeMercenaire wrote:
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this.
#-o


Once the middle trade flipped on you, would you not be tempted to enter on a break of the squeeze that had formed? Close over, retest, fail to close back under, enter.

Screenshot 2019-03-12 at 23.13.41 - Edited.png


Yes it was tempting but I was looking for a short as price got closer to the zline where the big move down originated.


I get that. Sorry, just the scalper in me coming out. I am always aware that price is pulled towards something, as much as it is repelled away from something else. That being, I would have seen that as having room to move up into.

I think maybe if you are used to using Supply + Demand techniques, it is a lot easier to get into that mind set.

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. Hyde » Wed Mar 13, 2019 9:15 am

aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this. #-o


Beautiful trades. Averaged 3 to 1 RR. Gotta love and respect that when your trading off the 5 min. And during all this Brexit craziness. Zlines all day.

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Wed Mar 13, 2019 10:17 am


Mr. D
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Wed Mar 13, 2019 10:24 am

May work on GBP pairs,
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[GBPJPY,Weekly].png
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Wed Mar 13, 2019 10:26 am

Further observation: GBP bars are usually spread over three lines. After such a bar, makes sense to trade opposite the following week.

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Re: Mr. D's Humble Quest in the Wick Land

Postby aliassmith » Wed Mar 13, 2019 10:48 am

LeMercenaire wrote:
aliassmith wrote:
LeMercenaire wrote:
Once the middle trade flipped on you, would you not be tempted to enter on a break of the squeeze that had formed? Close over, retest, fail to close back under, enter.

Screenshot 2019-03-12 at 23.13.41 - Edited.png


Yes it was tempting but I was looking for a short as price got closer to the zline where the big move down originated.


I get that. Sorry, just the scalper in me coming out. I am always aware that price is pulled towards something, as much as it is repelled away from something else. That being, I would have seen that as having room to move up into.

I think maybe if you are used to using Supply + Demand techniques, it is a lot easier to get into that mind set.


No need to be sorry. You have a valid point.

Zline being a part of supply and demand is why I was looking short on the 3rd trade. As MO said; after people are in profit you don't know exactly how the bulk of people will protect that profit if at all. So price can retrace just about anywhere. Although there are clues.
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Wed Mar 13, 2019 12:29 pm

Mr. Hyde wrote:
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this. #-o


Beautiful trades. Averaged 3 to 1 RR. Gotta love and respect that when your trading off the 5 min. And during all this Brexit craziness. Zlines all day.


Just wanted to say "Welcome!" The MIghtyOne was of the high opinion of you. Currently, I am reviewing his posts here. Surely, your contributions would be quite helpful.

aliassmith
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Re: Mr. D's Humble Quest in the Wick Land

Postby aliassmith » Wed Mar 13, 2019 12:47 pm

Mr. Hyde wrote:
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this. #-o


Beautiful trades. Averaged 3 to 1 RR. Gotta love and respect that when your trading off the 5 min. And during all this Brexit craziness. Zlines all day.


When the Brexit vote was going on I made great returns also. If it is moving you have a chance to make some $$. Zlines and zeroing out profit are great clues for supply and demand levels.
Trade Your Way as Long as It Makes Money!

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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. Hyde » Wed Mar 13, 2019 1:39 pm

aliassmith wrote:
Mr. Hyde wrote:
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this. #-o


Beautiful trades. Averaged 3 to 1 RR. Gotta love and respect that when your trading off the 5 min. And during all this Brexit craziness. Zlines all day.


When the Brexit vote was going on I made great returns also. If it is moving you have a chance to make some $$. Zlines and zeroing out profit are great clues for supply and demand levels.


I bet you did. I only caught a part of that up move on Monday, but caught the move down yesterday. Plus I trade the GA and that was just insane. Almost a 1,000 pips between the 2 since last week.

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