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ely37
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Postby ely37 » Tue Jul 21, 2009 10:07 pm

prochargedmopar wrote:What's to critique?
Looks great to me.

Must be nice to take a 3hr. ride.
Excellent


Thanx ProCharge. This is just a demo acct. I'm in one for USDJPN and its not showing me too much love ATM.

See the attached pix. Long at the dotted green line. I'm shooting for the 1st (top) red line, but I'm wondering if I should have try to shoot for the 2nd red line instead (which hasn't hit yet). Not sure if I'm grasping this correctly...


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ely37
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Postby ely37 » Tue Jul 21, 2009 10:10 pm

es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?

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es/pip
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Postby es/pip » Tue Jul 21, 2009 10:17 pm

ely37 wrote:
prochargedmopar wrote:What's to critique?
Looks great to me.

Must be nice to take a 3hr. ride.
Excellent


Thanx ProCharge. This is just a demo acct. I'm in one for USDJPN and its not showing me too much love ATM.

See the attached pix. Long at the dotted green line. I'm shooting for the 1st (top) red line, but I'm wondering if I should have try to shoot for the 2nd red line instead (which hasn't hit yet). Not sure if I'm grasping this correctly...




:shock:

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prochargedmopar
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Postby prochargedmopar » Tue Jul 21, 2009 10:19 pm

ely,
please see my edit above.
Last edited by prochargedmopar on Tue Jul 21, 2009 10:21 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby es/pip » Tue Jul 21, 2009 10:20 pm

ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?


just to say it again---- i do this a little different than Mo and Dragon

i was watching this one as well but was already long the pound and ej at the time so i passed on it

this is how i see it

Image

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Postby zapzinig » Tue Jul 21, 2009 10:34 pm

es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?


just to say it again---- i do this a little different than Mo and Dragon

i was watching this one as well but was already long the pound and ej at the time so i passed on it

this is how i see it

Image


I agree with you es/pip, perfect!

--ZZ

ely37
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Postby ely37 » Tue Jul 21, 2009 11:34 pm

es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?


just to say it again---- i do this a little different than Mo and Dragon

i was watching this one as well but was already long the pound and ej at the time so i passed on it

this is how i see it

Image


Hmm. I was actually looking at the 3 down bars as the MOMO and to ZL on. Guess I need to figure out what the ZL is for entry...

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Postby es/pip » Wed Jul 22, 2009 12:02 am

ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?


just to say it again---- i do this a little different than Mo and Dragon

i was watching this one as well but was already long the pound and ej at the time so i passed on it

this is how i see it

Image


Hmm. I was actually looking at the 3 down bars as the MOMO and to ZL on. Guess I need to figure out what the ZL is for entry...


well the 3 down bars were momo to the downside. They in return zl'ed other traders sitting with a profit, and at the same time created another instance of held profit from the downside. Then we had an increase in momentum which created a mz-Zl situation and then went up and zl'ed the held profit from the short side.

again

zl-mz are not entry signals per say

u want momentum in order to trade.

momentum

trade accordingly

zl other traders

repeat

body in direction of profit wick in direction of loss

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Postby es/pip » Wed Jul 22, 2009 12:20 am

current trade

not sure if i will be able to hold this all the way--------- need to sleep at some point----

Image


changed target

Image

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Postby prochargedmopar » Wed Jul 22, 2009 1:33 am

es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:
es/pip wrote:
ely37 wrote:Here's a screenshot of my 3rd attempt on ZL after screwing up royally on the first two which ended up in profit had i timed it correctly on entry and staying in. Anyway, that's the past and so here goes. 1st arrow is entry and 2nd arrow is exit. There was about a 15 pip drawdown. Please critique...




it looks ok to me if we are seeing the same thing

draw lines on your chart of where u have the zlines that made you make your decisions



I'm looking at the top gray line as the z-line.



i agree with the exit----just trying to see what you see


what were you looking at to make you want to go long?


That's the problem. I have no idea how to get into a trade. I'm guessing that PIN bar at the bottom with a bit of confirmation on the next (entry) bar?


just to say it again---- i do this a little different than Mo and Dragon

i was watching this one as well but was already long the pound and ej at the time so i passed on it

this is how i see it

Image


Hmm. I was actually looking at the 3 down bars as the MOMO and to ZL on. Guess I need to figure out what the ZL is for entry...


well the 3 down bars were momo to the downside. They in return zl'ed other traders sitting with a profit, and at the same time created another instance of held profit from the downside. Then we had an increase in momentum which created a mz-Zl situation and then went up and zl'ed the held profit from the short side.

again

zl-mz are not entry signals per say

u want momentum in order to trade.

momentum

trade accordingly

zl other traders

repeat

body in direction of profit wick in direction of loss


Very descriptive explanation es/pip,
Should help a lot of people.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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