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es/pip
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Postby es/pip » Wed Jul 22, 2009 5:24 pm

cfabian wrote:Last night trade...
Had 20 pip hard stop. -18 max DD.
It touched 4H ZL (95 pip from my entry), but went to sleep and didn't place take profit. Closed it this morning with +37.

Still demo trading.

es/pip, MO I'm having more confidence in this system, thanks for your support... I just wonder if you can post an example where in your timeframe looks like a valid and strong "setup" while in higher timeframe it dictates the opposite. This is something I still need to get the feel of.

Cheers

Image


for me anyway

i am not really sure how to explain it by putting it into words but i will try.

i take the pair i am looking at and i flip thru my different time frames. i look to see on each time frame where the momentum is, where we just came from, who just got zl'ed and where we are most likely to go, which takes roughly 30 secs.

i look to see where the momentum is, where it started and what happened in the process of the move. did it increase or decrease as it came into a held profit area? Where are the next group of traders still sitting with a profit? If this holds where are we going next?

what does it look like on the weekly, daily h4 etc etc. If i see something on the 15 i like and then see something that contradicts that on the h1 or whatever then i will pass. If it is not very clear then i do not take it. When i look at the chart 1 of 2 things happens-----1 it jumps right out as being very clear of what i think is happening -----2 it has no appeal its just kind of blah------ if its blah then i do not trade.


sigh

i really cant explain it in words

pretty sure that didn't help very much

edit----------------

in fact i may delete this whole post

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zapzinig
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Postby zapzinig » Wed Jul 22, 2009 7:31 pm

es/pip wrote:
cfabian wrote:Last night trade...
Had 20 pip hard stop. -18 max DD.
It touched 4H ZL (95 pip from my entry), but went to sleep and didn't place take profit. Closed it this morning with +37.

Still demo trading.

es/pip, MO I'm having more confidence in this system, thanks for your support... I just wonder if you can post an example where in your timeframe looks like a valid and strong "setup" while in higher timeframe it dictates the opposite. This is something I still need to get the feel of.

Cheers

Image


for me anyway

i am not really sure how to explain it by putting it into words but i will try.

i take the pair i am looking at and i flip thru my different time frames. i look to see on each time frame where the momentum is, where we just came from, who just got zl'ed and where we are most likely to go, which takes roughly 30 secs.

i look to see where the momentum is, where it started and what happened in the process of the move. did it increase or decrease as it came into a held profit area? Where are the next group of traders still sitting with a profit? If this holds where are we going next?

what does it look like on the weekly, daily h4 etc etc. If i see something on the 15 i like and then see something that contradicts that on the h1 or whatever then i will pass. If it is not very clear then i do not take it. When i look at the chart 1 of 2 things happens-----1 it jumps right out as being very clear of what i think is happening -----2 it has no appeal its just kind of blah------ if its blah then i do not trade.


sigh

i really cant explain it in words

pretty sure that didn't help very much

edit----------------

in fact i may delete this whole post


es/pip:

your explination is clear to me.

cfabian:

I was having trouble deciding what to do if there was conflict on higher time frames. I decided to focus on just the H1 and just the GBP/USD.

I went back 2 years and started drawing z-lines on H1 charts, not even trying to determine what was happening on the H4 or D1.

I looked at M15 but they did not hold up as well on their own, they need higher time frame guidance for direction.

I am just focusing on H1.

Draw some zlines for yourself on 20-30 days of charts. Plan your exits, another zline or large momo bar in your favor.

Then from what you see as a zline(held profit), you will be able to calculate your accuracy over time.

When you can consistantly pick out entries that will not stop you out, then try your entries real-time with a 20-30 pip stop and micro lots.


--ZZ

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kc8flq
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Postby kc8flq » Wed Jul 22, 2009 9:22 pm

es/pip wrote:edit----------------

in fact i may delete this whole post


Don't delete your post es/pip. Every post you've made has helped.
I took a break from this thread for a cpl months because I was getting discouraged with z-lines.
Then I happened to revisit it last week reading from a few days before and a cpl of your posts just made something click upstairs.

Now I have to go back and reread the thread starting from where MO started, it may just hit me like a brick wall.

Happy Pippin'
KC
Give a man a fish.... feed him for a day...
Teach a man to fish.... feed him for a LIFETIME!!!

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prochargedmopar
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Postby prochargedmopar » Wed Jul 22, 2009 9:58 pm

es/pip,
Your explanations are very clear.
The simplicity of your analysis is stupendous.

zapzinig,
Very informative also, both of you guys help to make it seem so easy.

Thanks.
#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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Re: 3lzz multimeter

Postby prochargedmopar » Wed Jul 22, 2009 11:27 pm

Patch wrote:Good morning prochargedmopar

I've had a lot of late nights and early mornings, and up to page 221 of this thread so far. Great Great trading ideas and information. Thank you to all who have posted at NLA !!! The more charts the better.

On 2009.02.21, proch, you posted a chart with the 3lzz multimeter on the bottom. I found that last night in my reading a couple pages ago and put it on my chart immediately. I was up for another two hours last night reading and watching the meter. I thought an indicator would light up with a 3 because one went off on the pound/buck last night on the M1. nada. Could you post a shot of your settings for this meter please? Any ideas? Has TRO updated this from its inception?

Love reading your posts PRO.
Patch, in VA


Patch,
Here is an example of how I use the indicator.
It tells me when multiple pairs are breaking out at the same time.
That's about it.
I changed the colors so that when I see green, I know that pair is breaking out LONG.
And vise versa for red.
They are opposite of what you'd think in the settings box.
Color up "red"
Color down "lime"

I only use the M15/H1/ and H4 as I'm not holding trades for days. If it's pushing H4 highs/lows.....it's pushing. LOL
#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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es/pip
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Postby es/pip » Wed Jul 22, 2009 11:46 pm

kc8flq wrote:
es/pip wrote:edit----------------

in fact i may delete this whole post


Don't delete your post es/pip. Every post you've made has helped.
I took a break from this thread for a cpl months because I was getting discouraged with z-lines.
Then I happened to revisit it last week reading from a few days before and a cpl of your posts just made something click upstairs.

Now I have to go back and reread the thread starting from where MO started, it may just hit me like a brick wall.

Happy Pippin'
KC


well, i would focus on MO and Dragon's posts and look at mine after you "SEE" it. read them over and over again, look at their charts. Thats how i was able to "SEE".

It really is all right there in MO's posts.

It's weird but i feel like some people dont see it and are thinking, " Why don't they just put it in plain English and tell us". The ironic thing is, the only way to actually explain it is what has been said time and time again.

" the easiest money to make is others held profit"
" body in direction of profit, and wick in direction of loss"


for you and everyone else----remember i do this a little different than the way it was presented by MO----focus on his posts

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es/pip
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Postby es/pip » Wed Jul 22, 2009 11:59 pm

prochargedmopar wrote:es/pip,
Your explanations are very clear.
The simplicity of your analysis is stupendous.

zapzinig,
Very informative also, both of you guys help to make it seem so easy.

Thanks.



i wouldn't go that far

:D

but thanks

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cfabian
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Postby cfabian » Thu Jul 23, 2009 1:17 am

es/pip and zapzinig,
Thanks for your explanations. There are things certainly hard to explain, but you did a good job.

I made a quick trade from my mobile during the afternoon, good for 15 pips.

Here's a trade I'm currently in. Check it out... currently +15.


Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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es/pip
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Postby es/pip » Thu Jul 23, 2009 1:19 am

blah blah blah :D


ehhhhh

long day and it keeps getting longer and longer and longer----

i keep saying i am done and then see something else and then put the trade on

lol

a bunch of other small trades not worth posting

1 loss for -8

5 or so other scalpish trades



Image





current trade

Image

zapzinig
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Postby zapzinig » Thu Jul 23, 2009 1:31 am

cfabian wrote:es/pip and zapzinig,
Thanks for your explanations. There are things certainly hard to explain, but you did a good job.

I made a quick trade from my mobile during the afternoon, good for 15 pips.

Here's a trade I'm currently in. Check it out... currently +15.


Image


here is my entry on this trade on H1:

Image

and how the trade progressed:

Image

target reached

Image
Last edited by zapzinig on Thu Jul 23, 2009 11:31 am, edited 1 time in total.

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