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es/pip
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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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es/pip
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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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Postby brettnchrism » Thu Aug 27, 2009 10:19 pm

Hey ES thanks for the comments. Could you send a screen shot of what you mean on the dialy when you say no good bodies? thankx brett

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Postby dragon33 » Thu Aug 27, 2009 11:18 pm

lukx wrote:
dragon33 wrote:3. Now you have to observe. The closer you come to one of your marking lines the more interesting it is to take that trade. Why? Because you take it on the best price available and you can do it with a tiny SL.
I hope this helps.


dragon can you please explain a bit more, how to set this tiny SL? Bottom of momo? bottom of momo plus 10 pips etc?


It seems like you are getting the picture! Mozone starts from the openprice from the candle to the midsection.
You have a few options there. If the range from the zone is not to big (acceptable for SL) You can place a limit. The best way to do it is by going to the smaller timeframe and get in as near as possible. I think there are picture enough from es pip labeled with the entry and the close. Watch them.
If you use limit orders use the M5 to close before initial SL. If candle close outside your zeroline close your trade and search for new entry.

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Postby dragon33 » Thu Aug 27, 2009 11:21 pm

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


Count your candles! Two red candles down. All held profit is taken out in also 2 candles. Hmm that's not really a decrease of speed.

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Postby marypipins » Thu Aug 27, 2009 11:43 pm

hey gang...
thanks for your help.. i shall keep studying and hope the light goes on..lisa
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Postby aliassmith » Fri Aug 28, 2009 12:26 am

Nice little Trade on GBP/USD M5
I entered when I thought I was going to get
the best price and a small stoploss of about 9ish pips
can't ask for much better than that.

A 26% return on a 4% risk.

The price definitly ran more but I felt
like it was time to make an escape, from past
experience it usually is a bad thing to press my
luck too much :)
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pablo101
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Postby pablo101 » Fri Aug 28, 2009 1:43 am

H4 zlines all the way yesterday :)

Many KR days today.

Anyone considered starting a new thread to continue this almighty discussion on this already almighty thread? Seems to have a lot of downtime :(

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prochargedmopar
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Postby prochargedmopar » Fri Aug 28, 2009 1:56 am

TRUST THE MOMO!!!
HOLD THE MOMO!!!!

Look to the lower left of screen.
See the first m5 momo of asian session?
I went long on close at 18 with mental stop about 00's. (should have waited for pullback 08ish)

Anyway, I was up 12.4 and down 9.x.
Kids football game was starting so I closed at +4.

Look to right of screen....it went to 90!!!!!
yes, that's a 72 pip run untill the first largest correction....

It gave you a chance to exit with profit at 85 and 77...still +59-67 pips.

Gotta love the m5's baby!!!!!!

Image
#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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