Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Tue Sep 01, 2009 10:31 am

Do I understand correctly that regarding TARGETS it's usually the opposite ZL, like in this example?

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Tue Sep 01, 2009 10:35 am

or I should look for targets on bigger TF,
like here would be correct TP
Image

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Tue Sep 01, 2009 11:14 am

You can look for targets on any timeframe i guess.... I dont look below H1.

I suggest you try trading without your indicator. Naked chart, own lines. Less confusing.

Yes, if I sell, then I set a target where most recent/ important Bull momo started. Up to me/ you to decide where it is

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Tue Sep 01, 2009 11:31 am

dragon33 wrote:
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.



i got out a lot worse than u----- lol

price alram blaring woke me up stumbled over to the computer

got out @1.6330
Bend over and assume the position for another 4 years of hope and change.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Tue Sep 01, 2009 11:40 am

Fxtraveller wrote: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.


???????

when it forms on bars that follow each other, back to back bars, consecutive bars.

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Tue Sep 01, 2009 11:45 am

lukx wrote:or I should look for targets on bigger TF,
like here would be correct TP
Image



there is no right or correct answer for that

just target what makes sense and where there is held profit
Bend over and assume the position for another 4 years of hope and change.

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Tue Sep 01, 2009 11:50 am

es/pip wrote:when it forms on bars that follow each other, back to back bars, consecutive bars.

Image


hmm...aren't we risking in this case price exhaustion ?
what I mean is that if we wait for pullback on second MO we will have much lower profit area to take ?

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Tue Sep 01, 2009 12:26 pm

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


Yes that's correct. Slower building up. Price takes off in speed and you see consecutive bars on the M15. If i was awake i probably would have taken that trade myself!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Tue Sep 01, 2009 12:31 pm

lukx wrote:or I should look for targets on bigger TF,
like here would be correct TP
Image


H4 is my starting point. If a zone is reached i look on smaller frames if price will continue or reverse. In both cases i am targetting the next area on the H4. Just before reaching the area i watch for zones on H1.
If the zones on H4 and H1 almost match but H1 comes first i am ready to exit if needed.
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Tue Sep 01, 2009 12:36 pm

dragon33 wrote:Yes that's correct. Slower building up. Price takes off in speed and you see consecutive bars on the M15. If i was awake i probably would have taken that trade myself!


well I did and today I'm up 50 pips AGAIN :)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”