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manujoos
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Postby manujoos » Fri Aug 14, 2009 12:56 pm

dragon, how often do you take out 80% Every day, week or month?

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es/pip
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Postby es/pip » Fri Aug 14, 2009 1:07 pm

brettnchrism wrote: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.




yeah u need to be able to use multiple timeframes and not just trade the 5-15

you need to trade the 5-15 off of the big picture

just trading the 5-15 you are going to get whipped back and forth
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 1:22 pm

manujoos wrote: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...



this is just my opinion

the higher time frames were not "ideal". i would have been a lot my excited about it if we had momo on the 4hr or daily, or we were coming into a 4hr-daily zl area

you were coming back into a larger down bars body than the up bars body--- just something you want to make note of

was it still valid?---- yes i say it was. u were coming off a double bottom on the h1.

i was a sleep so i didn't take it, but had i gave it a shot i would have more than likely have gotten out - a couple pips or b/e. with all the not so ideal things in the background i would have been looking for a reason to cut it if it didnt go right away.
----------------------------- on the 5 min it makes a double top and then a lower high after you got in------- i wouldn't have let it go all the way to my full stop
Bend over and assume the position for another 4 years of hope and change.

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monolisa
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Postby monolisa » Fri Aug 14, 2009 2:28 pm

Today's GBPJPY MZ trade. Have a great weekend :P

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Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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***FX-JEDI***
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Postby ***FX-JEDI*** » Fri Aug 14, 2009 2:33 pm

Patch wrote:FX-JEDI

Great day of trading.

What is a KR day? Monolisa mentioned this above as well and got me wondering, now I am double wondering. -Patch


Hi Patch,

just got home & its after midnight & flicking thru NLA posts that I haven't read yet, I will answer your question in more detail over the weekend hopefully, or go read my post on my topic that I started KEY REVERSAL DAYs, I only have a few post so it won't be hard to find if u do a search.

Regards ***FX-JEDI***
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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monolisa
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Postby monolisa » Fri Aug 14, 2009 3:35 pm

Just want to show you GBPJPY touched the MZ before I log off

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Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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

most likely done for the week

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Bend over and assume the position for another 4 years of hope and change.

manujoos
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Postby manujoos » Fri Aug 14, 2009 3:49 pm

Thank you very much for your feedback es/pip

you were coming back into a larger down bars body than the up bars body
=> very helpful comment, thanks!
My lesson learned: also consider earlier bodies sizes candles on the same tf! When clear breakoutcandle is there and there are even bigger sized candle in the past in opposite direction the situation is not optimal...

So you are waiting for immeadiatly momo in your direction after entry if it is not go the right way. You always look at the 5Min only tf after entry to find exits when the bigger picture was good?

manu

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dragon33
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Postby dragon33 » Fri Aug 14, 2009 3:58 pm

manujoos wrote:dragon, how often do you take out 80% Every day, week or month?


I resize my lotsize on a daily basis! At the end of the month i take out the 80%.
I do this every month, it is always the same. For calculating my lotsize i still use the dragon mm indi!

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es/pip
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Postby es/pip » Fri Aug 14, 2009 4:06 pm

manujoos wrote:Thank you very much for your feedback es/pip

you were coming back into a larger down bars body than the up bars body
=> very helpful comment, thanks!
My lesson learned: also consider earlier bodies sizes candles on the same tf! When clear breakoutcandle is there and there are even bigger sized candle in the past in opposite direction the situation is not optimal...

So you are waiting for immeadiatly momo in your direction after entry if it is not go the right way. You always look at the 5Min only tf after entry to find exits when the bigger picture was good?

manu



when i said it is not optimal----- it also just depends---- its hard to explain. ( i will take trades back into larger bars if the chart looks like it is zl'ing a certain level and moving to the next level.)

but

when u see a setup-who just got zl'ed before that happened, where are we most likely to go.

i would have taken that trade as i said before


once i get in a trade i am watching the 5-15 min------ mostly the 5 min. if the trade is going to work it will move your way immediately. if a 5 min bar closes against me i either

1. get out then
2. try to get out at b/e
3. make a judgment call on how the PA looks on the 5 min to stay in or not.

once the trade goes my direction i try and watch the trade off the time frame i am basing the trade off of.

so

if i am trading a setup on the 1hr chart

i get in

watch the 5 min until it goes my way

then watch it on the h1 chart---- the 5 min chart means nothing to me once it starts to go my way---- if it never really goes my way i am still watching the 5 min to see why

if i am trading the h1 and it is going my way---- watching all the blips up and down on the 5 min bars causes too many emotions for me
Bend over and assume the position for another 4 years of hope and change.

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