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
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.
zl-mz are not entry signals per say
u want momentum in order to trade.
zl other traders
body in direction of profit wick in direction of loss