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aliassmith
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Postby aliassmith » Thu Aug 13, 2009 11:24 pm

To those that use what Mightyone has taught:

I have been trying to learn the Zero Line concept for a few weeks now. I developed a way to break my order up and build positions using the H1 charts, which I posted previously. I finally had my first 20% trade which was unreal. I am working on my consistency so I only pulled out about 14% over the last few weeks. 14% isn't bad but Mightyone has opened my eyes so I would like to achieve the 33% a week.

I was wondering, out of those that use zerolines is there anyone making 33% or more a week like Mightyone layed out as a plan a little while back. I see a lot of good trades posted and ES/PIPS should have his own paradise Island by now :)

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aVi
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Postby aVi » Fri Aug 14, 2009 1:43 am

blubbb wrote:This topic has over 500 pages, but normally this should not affect the speed of the SQL query... if the forum software is not totally crappy. Well, but this is only part of the problem: The server seems to be slow as well.


Yes, I seem to be experiencing similar issues.
Wake up Mr. Green...

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es/pip
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Postby es/pip » Fri Aug 14, 2009 1:49 am

aliassmith wrote:To those that use what Mightyone has taught:

I have been trying to learn the Zero Line concept for a few weeks now. I developed a way to break my order up and build positions using the H1 charts, which I posted previously. I finally had my first 20% trade which was unreal. I am working on my consistency so I only pulled out about 14% over the last few weeks. 14% isn't bad but Mightyone has opened my eyes so I would like to achieve the 33% a week.

I was wondering, out of those that use zerolines is there anyone making 33% or more a week like Mightyone layed out as a plan a little while back. I see a lot of good trades posted and ES/PIPS should have his own paradise Island by now :)



lol

im not going to throw out any %'s per week--- but it is up there.

people who have their own own paradise Island's do not have the real estate portfolio that i have at the moment :oops:

i also do not continually compound my account, some weeks i take out 25-100% of what i made---- just depends on where it grew to and how i feel about where i am ---based on the $ per pip i am trading at. some weeks i take nothing out. the only reason i take anything out is bec it gets to a point that it is just retarded

also remember that i am risking 4% per trade--- not saying that anyone should do that----its just what i do

i could also put in enough cash to quadruple my account and risk 1% but it is all the same.



what MO has shown is the most powerful thing i have ever seen

think about this for a second

I am not saying to trade towards a per day/week goal-- DON'T DO THAT- just giving an example----



say you trade with 20 pip stop at 4% risk per trade

1$ per pip per $500

you make 30 pips a day/ 150 pips per week

150/500= 30% per week

you start with 5k

in six months you have roughly 2.4 million---------------- :shock:

but as MO has said you do not need sixquadzillionmillionzillionumpteenzillion dollars either :D
Bend over and assume the position for another 4 years of hope and change.

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brettnchrism
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Postby brettnchrism » Fri Aug 14, 2009 3:15 am

ES thanks for posting your charts they have helped me see the patterns. I notice that you use different time frames to trade on. Are you trading the hourly and then moving to smaller time frame to time entries or are you actually trading the momentum in that time frame. Im a little hesitant to trade the momentum on M5 as I may enter near a z line.

Also I don't remember if I read it but it also seems like depending on time frame you only take trades in direction of momentum on the next bar that retraces or maybe two bars that retrace into the momentum bar is that correct?

I have attached what I think was a valid entry if anyone would like to comment. I didn'take this trade but was scanning charts a it stuck out.

Thanks,

Brett
Last edited by brettnchrism on Fri Aug 14, 2009 3:40 am, edited 1 time in total.

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es/pip
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Postby es/pip » Fri Aug 14, 2009 3:37 am

brettnchrism wrote:ES thanks for posting your charts they have helped me see the patterns. I notice that you use different time frames to trade on. Are you trading the hourly and then moving to smaller time frame to time entries or are you actually trading the momentum in that time frame. Im a little hesitant to trade the momentum on M5 as I may enter near a z line.


always trading off the higher time frames and then i dial down to get entries. i am not trading the 5 min bec the 5 min shows something.
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Fri Aug 14, 2009 3:56 am

brettnchrism wrote:ES thanks for posting your charts they have helped me see the patterns. I notice that you use different time frames to trade on. Are you trading the hourly and then moving to smaller time frame to time entries or are you actually trading the momentum in that time frame. Im a little hesitant to trade the momentum on M5 as I may enter near a z line.

Also I don't remember if I read it but it also seems like depending on time frame you only take trades in direction of momentum on the next bar that retraces or maybe two bars that retrace into the momentum bar is that correct?

I have attached what I think was a valid entry if anyone would like to comment. I didn'take this trade but was scanning charts a it stuck out.

Thanks,

Brett


yeah i took that trade if i recall correctly ---- i think i posted it--have to go back and look

if it happens on back to back bars it is a valid zl trade

if it happens on multiple bars you treat it like s/r and trade away from the area---- i will look at the size of the multiple bars back into it if they are increasing into it i am less interested in it----------but, as it comes in to the area after multiple bars i will look inside and if i like something i will take it off the lower time frames into the higher time frame area

if that makes sense
Bend over and assume the position for another 4 years of hope and change.

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brettnchrism
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Postby brettnchrism » Fri Aug 14, 2009 5:05 am

Ok thanks ES. I been trying to watch the M15 and just trade the signals off that. The hardest part for me is switching back and fourth through the different times. I think because Im not sure what Im looking for on the say hourly to make me switch to the M15 for entry.

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Postby brettnchrism » Fri Aug 14, 2009 5:26 am

es/pip wrote:
brettnchrism wrote:ES thanks for posting your charts they have helped me see the patterns. I notice that you use different time frames to trade on. Are you trading the hourly and then moving to smaller time frame to time entries or are you actually trading the momentum in that time frame. Im a little hesitant to trade the momentum on M5 as I may enter near a z line.

Also I don't remember if I read it but it also seems like depending on time frame you only take trades in direction of momentum on the next bar that retraces or maybe two bars that retrace into the momentum bar is that correct?

I have attached what I think was a valid entry if anyone would like to comment. I didn'take this trade but was scanning charts a it stuck out.

Thanks,

Brett


yeah i took that trade if i recall correctly ---- i think i posted it--have to go back and look

if it happens on back to back bars it is a valid zl trade

if it happens on multiple bars you treat it like s/r and trade away from the area---- i will look at the size of the multiple bars back into it if they are increasing into it i am less interested in it----------but, as it comes in to the area after multiple bars i will look inside and if i like something i will take it off the lower time frames into the higher time frame area

if that makes sense
Yes now that does make since I looked back and both the m5 and m15 hit the z line twice making a double top and the m30 bounced off it four times before dropping not sure how to trade that

manujoos
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Postby manujoos » Fri Aug 14, 2009 7:45 am

Hi everybody

Trying to get conftable with the z-line trading concept. Will post some trades to find out, if i understund it.

Thanks for your feedback and help.

In my first demotrade i saw the zeroline @ 135.77 on H1 followed by breakout in direction of profit. Next Candle was my entry candle. i entered in the wick in direction of profit @ 135.84.

First it went my direction but didn't reached my tp @ 136.20. So my 20 Pip SL was hit.

At the H4 timeframe there was no zline. Im not shure what i should consider in the higher timeframes?! Do you guys wait for zerolines wich agrees in the different timeframes?

Was this a valid zeroline trade in your opinion? Thanks for your observations...
Attachments
EURJPY.JPG
EURJPY.JPG (79.43 KiB) Viewed 1363 times

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dragon33
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Postby dragon33 » Fri Aug 14, 2009 11:19 am

aliassmith wrote:To those that use what Mightyone has taught:

I have been trying to learn the Zero Line concept for a few weeks now. I developed a way to break my order up and build positions using the H1 charts, which I posted previously. I finally had my first 20% trade which was unreal. I am working on my consistency so I only pulled out about 14% over the last few weeks. 14% isn't bad but Mightyone has opened my eyes so I would like to achieve the 33% a week.

I was wondering, out of those that use zerolines is there anyone making 33% or more a week like Mightyone layed out as a plan a little while back. I see a lot of good trades posted and ES/PIPS should have his own paradise Island by now :)

When i started trading (after knowing what i was doing) i used between 3% and 5% of my account!
Now i trade between 4% and 8% of my account. The only difference between now and the past is that i take out 80% of what i earn with trading. If i lose everything in my account i can deposit the same amount immediately!
The way MO is showing us to trade is just amazing. I think we all learned some new stuff. I have learned to make bigger runs with more risk and withdraw much more as before.
If you know what you are doing you don't need a big account to make significant earnings!

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