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razorboy
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Postby razorboy » Tue Jan 27, 2009 8:52 pm

ya....all ya gotta do is pick the right Z line:)

Good Luck

marcromero wrote:Ok please correct me if I'm wrong. So once a zline is established we are then placing a limit order here waiting for this line to be wicked and price to reverse?


es/pip wrote:
marcromero wrote:
es/pip wrote:
marcromero wrote:Mightyone,

Do the Zlines you peak of have anything to do with the MACD zerolines?



not answering for MO, but i am going to say no.


they are breakout lines/change in ownership



look at a chart any time frame. Just look at it, what area jumps out at you where the buyers took control of the sellers or vice vrsa. What you SEE will most likely be a zline.

IMHO


Thanks I'll chew on that for a while. I've been going thru this thread like a mad man trying to figure this out. Sounds good but cannot use it till I'm sure what it is. Once i figure it out I then have to try and understand how to use limit orders with this method, or any method for that matter.


also go back and look at all of MO's charts, and see where he puts his lines and think to yourself where are traders sitting with a profit--from what area. Then that will be the zline.

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es/pip
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Postby es/pip » Tue Jan 27, 2009 8:53 pm

marcromero wrote:Ok please correct me if I'm wrong. So once a zline is established we are then placing a limit order here waiting for this line to be wicked and price to reverse?


es/pip wrote:
marcromero wrote:
es/pip wrote:
marcromero wrote:Mightyone,

Do the Zlines you peak of have anything to do with the MACD zerolines?



not answering for MO, but i am going to say no.


they are breakout lines/change in ownership



look at a chart any time frame. Just look at it, what area jumps out at you where the buyers took control of the sellers or vice vrsa. What you SEE will most likely be a zline.

IMHO


Thanks I'll chew on that for a while. I've been going thru this thread like a mad man trying to figure this out. Sounds good but cannot use it till I'm sure what it is. Once i figure it out I then have to try and understand how to use limit orders with this method, or any method for that matter.


also go back and look at all of MO's charts, and see where he puts his lines and think to yourself where are traders sitting with a profit--from what area. Then that will be the zline.


thats the million dollar q, that i do not have the answer to, unfortunately.

sometimes i will bid/offer the linie, but most times i am waiting to see a reaction in my favor and then get in.

body in direction of profit

wick in direction of loss

marcromero
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Postby marcromero » Tue Jan 27, 2009 9:25 pm

Think I'll just stick with trading form dot to dot(semafor)

es/pip wrote:
marcromero wrote:Ok please correct me if I'm wrong. So once a zline is established we are then placing a limit order here waiting for this line to be wicked and price to reverse?


es/pip wrote:
marcromero wrote:
es/pip wrote:
marcromero wrote:Mightyone,

Do the Zlines you peak of have anything to do with the MACD zerolines?



not answering for MO, but i am going to say no.


they are breakout lines/change in ownership



look at a chart any time frame. Just look at it, what area jumps out at you where the buyers took control of the sellers or vice vrsa. What you SEE will most likely be a zline.

IMHO


Thanks I'll chew on that for a while. I've been going thru this thread like a mad man trying to figure this out. Sounds good but cannot use it till I'm sure what it is. Once i figure it out I then have to try and understand how to use limit orders with this method, or any method for that matter.


also go back and look at all of MO's charts, and see where he puts his lines and think to yourself where are traders sitting with a profit--from what area. Then that will be the zline.


thats the million dollar q, that i do not have the answer to, unfortunately.

sometimes i will bid/offer the linie, but most times i am waiting to see a reaction in my favor and then get in.

body in direction of profit

wick in direction of loss

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es/pip
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Postby es/pip » Tue Jan 27, 2009 9:48 pm

Image

Image

Image

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Postby razorboy » Tue Jan 27, 2009 9:55 pm

macro -

do semafor's remove the need for judgment and gauging price action.......if so, im all in!!!
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

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Postby marcromero » Tue Jan 27, 2009 10:32 pm

No but I have more winners than losers just bouncing of these numbers. Of course there are a few rules which have to be met before entry but it's pretty simple. So far this is the only thing that has worked for me. At this point I'm going to have to build up my account again though because I've been trying different methods without any success. I'm down to about 138 buck so I have a long journey ahead just to break even (4k) Any advice on how to get here faster would be greatly appreciated

razorboy wrote:macro -

do semafor's remove the need for judgment and gauging price action.......if so, im all in!!!

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Postby pierre23 » Tue Jan 27, 2009 10:47 pm

With $138 and proper MM I can't see you getting your 4k back anytime soon lol

If you have a goal of so many pips a day and can reach that target every day, then you could consider (if you have the funds) to deposit more money into the account to make larger trades, sticking to that pip target a day with strict money management.. then you'll be able to recover quicker

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Postby prochargedmopar » Wed Jan 28, 2009 12:01 am

"wanted to throw keyboard out the window on that exit"

LOL,
I felt that way 7 times today. Very funny.

I see those types of "great" setups all the time and the results are more often than not like the one you have pictured it seems.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Wed Jan 28, 2009 2:29 am

Check this out.........
Image

My first Sell/limit order ever.
Look to the left and SEE the Z-line?
I did.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Postby MightyOne » Wed Jan 28, 2009 3:29 am

pierre23 wrote:With $138 and proper MM I can't see you getting your 4k back anytime soon lol

If you have a goal of so many pips a day and can reach that target every day, then you could consider (if you have the funds) to deposit more money into the account to make larger trades, sticking to that pip target a day with strict money management.. then you'll be able to recover quicker


$138 t0 $4,000 in 18 or 19 weeks easy :wink:

I would not add money to the account after losing money.

Every time you make $50 trading then match it with a deposit of $50 until you blow up your account or are making so much trading that it becomes impossible to match :shock:

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