someone call me----------------lol
MO, thats the only reason you miss me?
i will post more in depth on some of this later today and post some trades i did today.
Like i said before i was going to stop posting all the trade examples bec. it is the same thing over and over again and if you cant get it from what MO, Dragon and I have posted i just didn't see the point in continuing to post the same stuff over and over again.
To the OP that posted all the zline trades and had 2 winners out of 18 trades.
------#1--- that is a 5 min chart and you made 18 trades in like 3 hrs---- too much.
#2--- it looks like every time you see a bar that is 2x a previous bar you are just blindly entering 50% of that bar just bec.---- you cant do that---- not the way this works if it was then every one and their mother would trade it and be worth gazillions.
#3 i trade 5min up to weekly charts---------- if i trade the 5min i am aware of where the higher time frames are and what the big picture is saying. I also do not go all in on a trade, i average into it in my favor.
#4-- if it does not happen on consecutive bars then it is an area that you trade away from
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as Mo stated in the past and reiterated just now
zlines or MZ's are not triggers--- you do not just take it bec it is there----
you cannot just trade a 5 min chart---well i guess you can but it is going to hurt----again if i am trading on the 5 min i know exactly where we are in the scheme of the big picture.
i still check this thread everyday just have not been posting. Still trading the zline stuff. Havent been trading a ton lately had some residential and commercial real estate issues------damn economy
AGAIN----I DO NOT TRADE THIS THE EXACT SAME WAY AS MO OR DRAGON
i look for held profits and trade accordingly
got stopped on this one on a 1/4 position and then got back in