es/pip wrote:someone call me----------------lol
Hello ES/PIP, nice to have you here again. I really like your charts and efforts to help!
es/pip wrote: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.
Well, I could make like 3-5 trades with 0 winners, lol.
#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.
That was my first day with zlines. I see body(2x a previous bar) in the direction of profit, then the next candle gives me wick in the direction of loss and I enter after close of second candle. Looking an your numerous 5min charts with price labels, i thought that is the way you enter a trade. I saw that you were picking reversals up/down on 5min charts and everything was fine.
#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.
I see, no questions here.
es/pip wrote: #4-- if it does not happen on consecutive bars then it is an area that you trade away from
What do you mean? I thought that we trade away from that area in any case?
Good trade, you entered off 1hr chart after rejection off zl area?
I can't see a wick in direction of loss here...
Good trade, you entered off 30min chart after rejection off zl area?