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cfabian
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Postby cfabian » Tue Feb 17, 2009 5:25 pm

I've this image for you as well...

I'm debating what would be the best setup in here... Just don't pay attention to the last candle to give an answer.

Would it be LONG at ZL 2 ????????

Or is it SHORT at ZL 1 ???????

Thanks for your inputs... sometimes I can see a mix of trades.


Image

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TheRumpledOne
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Postby TheRumpledOne » Tue Feb 17, 2009 5:30 pm

es/pip:

1 = entry and 2 = exit ?
Last edited by TheRumpledOne on Tue Feb 17, 2009 5:55 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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cfabian
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Postby cfabian » Tue Feb 17, 2009 5:49 pm

TheRumpledOne wrote:1 = entry and 2 = exit ?


No, with this I mean we have these 2 ZL's. In current candle we have the possibility of either go long or short, accordingly to each ZL.

The thing is that which one is more valid, or what to do here????

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Postby es/pip » Tue Feb 17, 2009 5:55 pm

cfabian,

i will give u my 2 cents when i get back---- need to take a break.

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Postby es/pip » Tue Feb 17, 2009 6:01 pm

Image

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Postby es/pip » Tue Feb 17, 2009 7:12 pm

cfabian wrote:
blubbb wrote:I have a strange request. Some of you "pros" already posted a lot of winning trades. I'd like to see some of your losing ones as well. If a trade goes into into the right direction right from the start, it's not really difficult to be profitable... But we all know that we have to take losses as well. So I'm interested in (maybe M1) charts where you had to make the decision when to stop.


I've plenty of those blubbb, as it seems to be my constant in forex. It's been really disapointing to me so far...

Mighty, Dragon, es/pip and else... what do you see on this picture? Am I picking the wrong ZL, or it was ok, but just unprofitable trade?

Cheers

Image



i will post my 2 cents----- but i would wait for mighty ones response and take mine with a grain of salt----this is just what i see when i look at that chart


i agree with the first trade i would have taken that as well

i do not agree with your 2nd zline and i see no wick in direction of loss---------having said that when it closed against you u could have gotten out at be or - a few pips

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Postby es/pip » Tue Feb 17, 2009 7:21 pm

TheRumpledOne wrote:es/pip:

1 = entry and 2 = exit ?


tro,

1= BODY IN DIRECTION OF PROFIT

2= WICK IN DIRECTION OF LOSS

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Postby es/pip » Tue Feb 17, 2009 7:26 pm

cfabian wrote:I've this image for you as well...

I'm debating what would be the best setup in here... Just don't pay attention to the last candle to give an answer.

Would it be LONG at ZL 2 ????????

Or is it SHORT at ZL 1 ???????

Thanks for your inputs... sometimes I can see a mix of trades.


Image



body in direction of profit AND wick in direction of loss

i would have gone down to a lower time frame until i saw something that made sense----but i would have been thinking long

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Postby dragon33 » Tue Feb 17, 2009 11:51 pm

cfabian wrote:
blubbb wrote:I have a strange request. Some of you "pros" already posted a lot of winning trades. I'd like to see some of your losing ones as well. If a trade goes into into the right direction right from the start, it's not really difficult to be profitable... But we all know that we have to take losses as well. So I'm interested in (maybe M1) charts where you had to make the decision when to stop.


I've plenty of those blubbb, as it seems to be my constant in forex. It's been really disapointing to me so far...

Mighty, Dragon, es/pip and else... what do you see on this picture? Am I picking the wrong ZL, or it was ok, but just unprofitable trade?

Cheers

Image


The high you see on the picture is a H1 ZL so it was ment to go down! The overlays are there for a reason not for fun! You draw two zl's just one is valid. The first you draw is an indication price could go up. The second is asking for a better price to enter. I think MO can say this much better i have difficultys to express myself because of the language barrier.

The main point is if you had entered the first time on the fifth gray candle then you had the best asking price. Almost the lowest point of that wick was the right zl (best asking price) It was almost the downside of previous candle that maked the low. Placing there a buy could heve give you about 20 safe pips.
A picture say more then a thousand words


Image

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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 18, 2009 1:41 am

Would you zero line posters PLEASE state your entry/exit price/time so I can follow along? Thanks.

Dragon, are you color blind? I see red/green candles... no gray candles!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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