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lukx
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Postby lukx » Tue Sep 01, 2009 6:48 am

hmmm, the longer I'm looking at the charts and all MZs and LZs the more foggy my picture is getting. There's so many ZLs and MZs on all timeframes that I'm starting to have problems with picking the ones to trade.
I need some rule to choose trades.

Would those be good filter methods:

1) only first touch of ZL in MZ but sometimes second touch might be even better:
Image

2)after price got close to 0% of MZ look for opposite MZ or still if price goes down MZ is valid.
Image

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dragon33
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Postby dragon33 » Tue Sep 01, 2009 6:54 am

lukx wrote:hmmm, the longer I'm looking at the charts and all MZs and LZs the more foggy my picture is getting. There's so many ZLs and MZs on all timeframes that I'm starting to have problems with picking the ones to trade.
I need some rule to choose trades.

Would those be good filter methods:

1) only first touch of ZL in MZ but sometimes second touch might be even better:
Image

2)after price got close to 0% of MZ look for opposite MZ or still if price goes down MZ is valid.
Image


Do not stop and reverse, wait for momo building up before you go the other way. Momo is the key to succes.
H4 is at the end, wait untill momo build up on M15, wait for price to reverse to M15 momo, take the trade that's it!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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es/pip
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Postby es/pip » Tue Sep 01, 2009 6:58 am

lukx wrote:hmmm, the longer I'm looking at the charts and all MZs and LZs the more foggy my picture is getting. There's so many ZLs and MZs on all timeframes that I'm starting to have problems with picking the ones to trade.
I need some rule to choose trades.

Would those be good filter methods:

1) only first touch of ZL in MZ but sometimes second touch might be even better:
Image

2)after price got close to 0% of MZ look for opposite MZ or still if price goes down MZ is valid.
Image


u need to find what works for you

everyone kinda does it different

i tend to look at a zl as a 1 time thing---so after it zl's the traders i tend to discount it after that happens.

a mz is a little different bec any line in a mz is a zl. so you have a lot of different zl in the mz. I generally like the first push into the mz for the way i trade-- but i am always looking inside to see what is happening. when i say first push i mean the swing that comes into it on that time frame that the mz is on. if it comes in and then exits and makes a double top or whatever, and then comes back in i am less interested in it, but still watching inside and making decisions off that. Just because it doesn't go when i want it to doesn't mean it isn't going to happen
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 » Tue Sep 01, 2009 7:02 am

dragon------------

are u long the pound :D :D :D :D
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 » Tue Sep 01, 2009 7:08 am

dragon33 wrote:
lukx wrote:hmmm, the longer I'm looking at the charts and all MZs and LZs the more foggy my picture is getting. There's so many ZLs and MZs on all timeframes that I'm starting to have problems with picking the ones to trade.
I need some rule to choose trades.

Would those be good filter methods:

1) only first touch of ZL in MZ but sometimes second touch might be even better:
Image

2)after price got close to 0% of MZ look for opposite MZ or still if price goes down MZ is valid.
Image


Do not stop and reverse, wait for momo building up before you go the other way. Momo is the key to succes.
H4 is at the end, wait untill momo build up on M15, wait for price to reverse to M15 momo, take the trade that's it!


what dragon said

--------------

i think you are seeing mz everywhere and wanting to make trades just bec they are there

like he said---- momo shows the way
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 » Tue Sep 01, 2009 7:10 am

need to sleep----

have some alerts set based on the inside PA

sleeping in the cot tonight :oops:


Image
Bend over and assume the position for another 4 years of hope and change.

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dragon33
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Postby dragon33 » Tue Sep 01, 2009 7:30 am

es/pip wrote:dragon------------

are u long the pound :D :D :D :D


yes i was trading my first day at work. (working the nightshift) Just bought me a mini laptop so i can hide it when my boss comes in the controlroom.

I'm only scared for the wirelessconnection. I have to set stops and targets immediately when entering, nice challenge.
Long 1.6268 just closed at 1.6362 need to sleep. I have to work another 4 nights and tomorrow its a factorystop so i need to be real fresh.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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lukx
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Postby lukx » Tue Sep 01, 2009 8:52 am

so would this trade be okay based on 15m candle building up and taking trade?
Image

Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 9:18 am

jeez, this thread is advance at GOD speed. Check it everyday or lose yourself in it =]]


After long reading and studying, here are my first 2 trades (demo) with ZL/MZ.

EJ- not the best set up, but still it was an increase in momo.
GJ- Reason I missed all the pips of the first huge momo candle- I was waiting for a closed body. It is the truth, isnt it?

Trades collect few pips, true, but currently practicing on good entries and First possible targets. Put further possible targets. See how that plays out.

I hope I will progress to catching moves 50/100 pips+.

Have a good trading week.
FxT.
Attachments
gj zline2.1.GIF
gj zline2.1.GIF (11.85 KiB) Viewed 1097 times
ej zline2.1.gif
ej zline2.1.gif (11.17 KiB) Viewed 1114 times

Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 9:51 am

OMG !

Target 2 missed by 2 pips. But im guessing this would be the case if I was not trading with a fixed spread broker =]

Looking forward to further opportunities.

Es, pip: my apologies, but 1 thing just wont go through my skull....

what do you mean by:

"a true zl trade happens on consecutive bars----- so i am more willing to just get in on those. "

Could you PLEASE post a pic with comments and arrows showing what you mean.
I guess that I cant but overlook the obvious, but it keeps escaping me.

Regards.
Attachments
gj zline2.3.gif
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