brettnchrism wrote: aliassmith wrote:
On the weekend I like to use a trade simulator to go over the H1 charts for the week. On the usd/jpy H1 for aug 10th week I managed to get 34% on 3% risk. I believe I'll be watching usd/jpy, gbp/usd/ eur/usd, and eur/jpy. Of course leverage will be a limiting factor when trying to trade 4 pairs. I'll only be able to have one to two positions going at the same time.
I guess that is not a big problem, I can live with 30% + a week
since I only need half of sexteentrillion dollars.
Hey alias I am just starting to just trade z lines maybe you could post a chart so I can see what you are seeing also I am always trying to learn to improve. I say 30 percent is pretty darn good Thanks. Brett
Let me start by saying in no way am I a pro at the zeroline stuff. I have reviewed a lot of information from Mightyone, es/pips, dragon33, and Zapzinig. I didn't SEE the multitimeframe stuff the most of the guys did, but what Zap was doing really jumped out at me.
Anyway here is my chart showing two trades. The first position I expected to go long with the momo candle I let my position build, but It didn't take off so I bailed out for about .5% return.
The second position I expected to short. Price broke short and pulled back to a ZL so I placed 3% risk on a small stoploss and rode it down. I thought it was having issues going down to my next ZL so I bailed for 12.5% return. No point being greedy and lossing it all.
I lost the chart from the beginning of the week, the trade simulators can be a bit cumbersome.