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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

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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.
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gj zline2.1.GIF
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ej zline2.1.gif
ej zline2.1.gif (11.17 KiB) Viewed 3366 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.
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lukx
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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?

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

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

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es/pip
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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.

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es/pip
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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.

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es/pip
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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.

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lukx
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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 ?

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