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gutek04
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Postby gutek04 » Mon Aug 31, 2009 2:19 pm

Drained banks a bit today, did 5% from NLA dragon33 strategy and one +25 pips trade using MO trade, as seen on screen I should have been waited at last 15 minutes more ;D
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lukx
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Postby lukx » Mon Aug 31, 2009 4:14 pm

Master dragon33 I got small question...
In this case for example:
Image

Are you waiting for 4H to close and then if it will got long MZ you will look for 15M to hit ZL or you would already entered here while 4H was still in progress?

Image

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lukx
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Postby lukx » Mon Aug 31, 2009 6:36 pm

and another question.... we should be aiming for bigger gaps between opposite MightyZOnes right?
So in picture below Left short trade is better than Right one?

Image

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cfabian
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Postby cfabian » Mon Aug 31, 2009 6:57 pm

Hey Lukx,
Let's hear the pros answer this, but in my opinion if you consider taking these trades, will be in shorter time frames aiming the line at 50% of previous momo bars, only if you get a short momentum in your smaller TF.

However, overall, why you want to consider trading short in H4 when momentum is upwards as well as held profit???? I would target 152.00 on the GBPJPY. Trading short in these setups are riskier.

That's my take on this, however I'm in the same process as you.

Cheers




lukx wrote:and another question.... we should be aiming for bigger gaps between opposite MightyZOnes right?
So in picture below Left short trade is better than Right one?

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Mon Aug 31, 2009 7:18 pm

Currently in this short trade. Covered with a SL at +1.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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PTG
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Postby PTG » Mon Aug 31, 2009 7:21 pm

cfabian wrote:Hey Lukx,
Let's hear the pros answer this, but in my opinion if you consider taking these trades, will be in shorter time frames aiming the line at 50% of previous momo bars, only if you get a short momentum in your smaller TF.

However, overall, why you want to consider trading short in H4 when momentum is upwards as well as held profit???? I would target 152.00 on the GBPJPY. Trading short in these setups are riskier.

That's my take on this, however I'm in the same process as you.

Cheers
lukx wrote:and another question.... we should be aiming for bigger gaps between opposite MightyZOnes right?
So in picture below Left short trade is better than Right one?


On GJ I see that on H1 the H4 MZ has been wicked twice, where the latter one was lower.

Also I see that GJ on D1 is in a downtrend in an overall uptrend. For that downtrend to turn around, I would expect at least one more low at or above todays low.

Another thing: it is clear on H1 that it takes more time for it to go up than to go down. That tells me there are more sellers in the market.

So: I would short the little bugger :lol:

Hope this makes sense, going through the process myself as well :shock:
This is my new signature: "new signature".

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cfabian
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Postby cfabian » Mon Aug 31, 2009 8:58 pm

Ok, back from lunch and the trade did hit my SL.

Well, as I saw price stalling in my entry area and some increasing momo in M5, I based my entry on that time frame (first image).

I also based that entry on a H1 ZL (also attached). There were much more held profit to the upside. At the end I'm with +1 after being +21.

I should have taken profit when those M5 candles started to increase momo to the upside... but wasn't around.


Image

Heres how H1 looks like
Image


cfabian wrote:Currently in this short trade. Covered with a SL at +1.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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Postby aliassmith » Mon Aug 31, 2009 10:00 pm

I have an OOPS for ya.

Tried playing a gap as MOMO and it was not very fruitful.\
My entry was at the green price tag for a short and my
exit was the red price tag for a loss.

Turns out there was a nice MOMO entry short a little while after :roll:
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dragon33
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Postby dragon33 » Mon Aug 31, 2009 11:40 pm

lukx wrote:Master dragon33 I got small question...
In this case for example:
Image

Are you waiting for 4H to close and then if it will got long MZ you will look for 15M to hit ZL or you would already entered here while 4H was still in progress?

Image


Please do not call me master! I'm just a guy like you and everybody else on this board.
I target near the zone area. After target i wait and see which way momo builds up! Nothing fancy just momo. If i have time the i trade the M15 momo if not i wait for the big ones.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Mon Aug 31, 2009 11:45 pm

lukx wrote:and another question.... we should be aiming for bigger gaps between opposite MightyZOnes right?
So in picture below Left short trade is better than Right one?

Image


You just trade what you see. If you see an opportunity which is worth to be traded then you wait for the momo and trade it. If the opportunity is too small then you search on other charts or you go do something else.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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