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es/pip
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Postby es/pip » Wed Jul 01, 2009 2:25 am

Azuremaster wrote:
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.

es/pip wrote:
#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.

es/pip wrote:
#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?


es/pip wrote:Image


[color=#]Good trade, you entered off 1hr chart after rejection off zl area?[/color]


es/pip wrote:Image


I can't see a wick in direction of loss here...


Image


[color=#]Good trade, you entered off 30min chart after rejection off zl area?[/quote][/color]

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.

yes, i do do that sometimes---- but when i do it is also based on higher time frames and where we are at.



[color=#] [/color]What do you mean? I thought that we trade away from that area in any case?

yes---- but when the bars happen back to back i am more inclined to take it there. When it happens not on consecutive bars, then i want to see the price action trade away from my zl area.

Good trade, you entered off 1hr chart after rejection off zl area?

yes

[color=#] [/color]

I can't see a wick in direction of loss here...
this is the situation when the bars are not consecutive, and you trade away from the area

Good trade, you entered off 30min chart after rejection off zl area?[/quote]



yes

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es/pip
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Postby es/pip » Wed Jul 01, 2009 2:32 am

Image



currently in this one

Image


swing trade


Image

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Postby es/pip » Wed Jul 01, 2009 2:41 am

labeled that swing trade target wrong it should be 3 bars to the left

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Postby es/pip » Wed Jul 01, 2009 2:42 am

pierre23 wrote:Hey es/pip good to hear from you again :)


hey----


everything going ok?

---- u still trading zlines?

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Postby pierre23 » Wed Jul 01, 2009 2:53 am

Hey =)

Everythings going good thanks. Sure, I still trade zlines and a few other simple methods.

How about you, I see you're still at it. Are you online from your private island? :wink:

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Postby es/pip » Wed Jul 01, 2009 3:18 am

pierre23 wrote:Hey =)

Everythings going good thanks. Sure, I still trade zlines and a few other simple methods.

How about you, I see you're still at it. Are you online from your private island? :wink:


lol private island----i wish

hands have been full with real estate crap------ and getting fuller

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Postby pierre23 » Wed Jul 01, 2009 3:37 am

Ahh k. You're a real estate agent? Or are you talking about your own? If you dont mind me asking

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es/pip
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Postby es/pip » Wed Jul 01, 2009 3:46 am

just my own stuff----not an agent

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Postby pierre23 » Wed Jul 01, 2009 3:55 am

oh ok, good stuff.

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monolisa
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Postby monolisa » Wed Jul 01, 2009 6:22 am

Here's another attempt on the zero zone trade.

Chart:
GBPUSD Constant Range Bar (11) Chart
-GBPUSD was chosen as it has relatively high daily range and low spread
-Constant Range Bar was used to better illustrate support/resistance levels and consolidation periods.
-CRB period of 11 was the median range of M5 (1440) range count

Indicators used:
1. TRO_PLOT (H4,D1,W1,MN1 only, 0,1,2 look back period)
2. SweetSpotGold (major 50 pips, minor 25 pips)
3. Custom Candle (showing H4)
4. 3 Level ZZ Semafor TRO Modified version (only showing the semafors)
5. Heiken Ashi

2 zero zones were used the 2 blue shaded areas).

There was a breakout @ 1.64370
HA signaled trend reversal @ 1.64620.
Short @ 1.64500 (SL 1.64620).
Followed the trend using HA price action.
Cover @ 1.63880 at the lower zero zone (this one was almost 5 days old!), note a 3 semafor was formed.
Interestingly the upper zero zone was "wicked" if you look at the current H4 candle.

Thanks TRO, MO, es/pip and dchappy for the indicators and wonderful trading ideas.

All comments are welcomed.

Lis
Attachments
gbpusdmr10c.gif
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