Never Lose Again

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brettnchrism
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Postby brettnchrism » Thu Aug 27, 2009 7:43 pm

Well today pretty much was a big wash lost all my profit. Back to the drawing board.....Took a short at the 75 on ej z line then watched price wick 22 hours of candles long. Hmmmm thought I was with the H4 trend maybe this is a reversal.

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lukx
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Postby lukx » Thu Aug 27, 2009 8:03 pm

brettnchrism wrote:Well today pretty much was a big wash lost all my profit. Back to the drawing board.....Took a short at the 75 on ej z line then watched price wick 22 hours of candles long. Hmmmm thought I was with the H4 trend maybe this is a reversal.


I feel your pain...same here.

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lukx
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Postby lukx » Thu Aug 27, 2009 8:26 pm

Manta wrote:Look at this game from another "Magic" angle...Why do you trust to some strange people on internet forum? Have u ever seen UFO, great white shark or my mother? 1/3 is reality and the rest is an illusion...but I was born...so where is the truth?


Actually, in MY opinion it's ridiculous to think that we are the only humanoid species in the whole universe, so I didn't have to see UFO to know that it's there somewhere :). White shark,.. I would prefer not to see and about your mother... you never can be sure of it also because world is really small and you never know who you might meet on the street.

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brettnchrism
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Postby brettnchrism » Thu Aug 27, 2009 8:27 pm

Anyone have a good day?

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brettnchrism
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Postby brettnchrism » Thu Aug 27, 2009 8:35 pm

Weds Loss: Short trade at the Z line I guess we bounce off the bottom on this one...
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cfabian
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Postby cfabian » Thu Aug 27, 2009 8:40 pm

Nope, got screwed as well. -30 and stopped trading.



brettnchrism wrote:Anyone have a good day?

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brettnchrism
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Postby brettnchrism » Thu Aug 27, 2009 8:45 pm

Sorry cfabian. It really looked like the H4 trend is down. But anything can happen. Looking on the bright side there is always more pips just hope I'm on the right side.

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Postby es/pip » Thu Aug 27, 2009 9:09 pm

Fxtraveller wrote:Silently reading the Zlines concept, learning, trying to see it for myself. This is the result of my observations so far....
es/pip, MO, or anybody using the Zlines on a real account please comment.

+
Once price reaches the Zline /area, do we need to wait for price start reversing/ to be wicked/ search for reverse opportunities on a smaller timeframe?
to avoid going against momo, not to be crushed by a train?

Or do some enter regardless of....

Thank you.
FxT.


just bec there is a zl or mz doesnt mean you take the trade--

this is not mechanical--- it is discretionary

you need to have an entry tech. that works for you

i look inside and make decisions off what the Pa looks like

---- how the candles are forming into my area
---- if it is just ripping thru the zl i am not just going to blindly buy it
---- sometimes i just get in when it starts moving back away from it
----- i also look inside at the zl/mz area to see what actually happened on the smaller time frames to see why that is the area i want to be looking at

every time it is different
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 » Thu Aug 27, 2009 9:13 pm

brettnchrism wrote:Anyone have a good day?


i did on the euro and pound :D


ej has been a little tough to trade last couple of days---- just look at the daily wicks every where no good bodies---- choppy


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

i have still been trading it had a couple ok ones a lot of break evens---- hardly any follow thru and targets hit

most of my pips for the day came off the euro and pound off the h1 increase in momo off the bottom
Last edited by es/pip on Thu Aug 27, 2009 9:42 pm, edited 1 time in total.
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Aug 27, 2009 9:21 pm

brettnchrism wrote:Weds Loss: Short trade at the Z line I guess we bounce off the bottom on this one...


just be aware that a true zl happens on consecutive bars--- other wise you trade away from the area

having said that

--on the 4hr chart it looks like a stop run off the last swing low
---on the h1 chart the momo decreased into the swing low while breaking it
---- on the h1 we had a increase in momo off the bottom

i am not saying that you cant try to take that trade, just that the whole scenario was not ideal. i did not play that but if i did i would have been looking for the first sign that it was not going to work and get out------------
Bend over and assume the position for another 4 years of hope and change.

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