Fxtraveller wrote:May I ask some advice?
A) are the zlines/zones identified correctly by blue boxes 1 and 2?
B) in both cases profit could have been made from pullbacks marked by arrows .
Where to enter?
case 1: buy when reaches its? thats going against some momo. dont we need to wait for the closed body?
if yes, price wicks zline, H1 closes. Open a buy straight away? or wait for the price to move, perhaps ho to a smoller timeframe?
case2: after a bull candle zeroes out sellers, next (last) candle is of high momo. until price actually goes down, we dont know here it will go.
So the point of all of this- what is (are) the best triggers to enter trade when trading zlines?
no that is not correct
the first mz box is wrong
the second is possibly correct depending on which actual candle you are basing it off of--- anchor it to the candle that your are basing it off of.
what is the definition of a mz?
as far as the longs i am pointing out--- they are possible trades and are riskier the higher you have moved due to the held profit beneath you
assuming your mz and zl is correct--as far as taking that first long you pointed out i would not trade that based off what you are looking at----- if i was going to even think about it i would dial down and see if i had an increase in momo and trade it off that off of the higher time frame s/r---- but, i would be very careful and would be looking for the first sign to get out
the second trade short---- that is a trade i took today----
1. it happens on consecutive bars
2. there was a clear target of held profit they were looking to take out
but and i also did this
the short trade started off the top when the momo started increasing. So, as you are playing it further down it is riskier--- bec you have held profit above you.
"So the point of all of this- what is (are) the best triggers to enter trade when trading zlines?[/quote]"---YOU
ME---- you are going to need to figure out an entry technique that works for you. Mine is discretionary and is different on every trade
i am going to post some charts here in min i have to mark them up
but here is what i would have been looking at based just on that chart sequence based just on the h1