pierre23 wrote:es/pip wrote:deeforex wrote:I remember that MO said long ago to be patient and wait for the perfect setup. What constitutes a perfect setup?
I'm not really good at entering MZ orders in real time. Could someone please look at this and tell me why I should not have entered this order.
Should I have passed on this order because my Buy was trading into a sell MightyZone? How far out should an opposing MZ be in order for it to be "safe"?
Blubbb, thanks for the z-line indie. I makes it very easy to see the old lines .
The bigger picture (more TFs)
I would like to see what MO says about this one.
I took the same trade off the m15 almost got stopped and was able to get out at BE.
Today in general---at least for me--- was a little harder to trade than normal.
I had 1 stop out on full position, a couple -2-4's, a couple b/e--- and the ones i posted and then a bunch of other little scalps.
all in all i ended up with a decent day i guess----- but it seemed harder to trade the PA today.
This is the way I see the trade.. The hollow box is the MZ
Thick yellow body in direction of profit
Thick green wick in loss
Or not correct?..
i dont disagree with what you are seeing/saying
but the way i viewed it was a long trade based on the PA that happened back to back
quote from MO
"A true zline trade happens on consecutive bars"
the setup that you are describing i take those as well during the day more as scalp trades
obviously mine didnt work lol----
so i would wait to see what MO says