Never Lose Again

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cfabian
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Postby cfabian » Tue Sep 01, 2009 9:45 pm

Thanks Fxtr...
Here's how it looked like on M5. Have we entered right at the mentioned line, would have been a "blind" trade with a limit order, as there was no short momo built up (it was on M1).

Those 3 trades you can see, the first I was trying to get pips on the reversal, quick trades, I was at +16, but it bounced up again so fast I could only protect +1 (good thing as it went up again for about 40).

Second one was a 2nd attempt good for 7 pips. I should've hold.

Third was thinking the move up would continue when price hit the ZL formed at the bottom of the biggest up momo. Spread and speed didn't allow me to get better price. Closed it with +1 as it didn't get more momo as expected.

Should I listened more carefully to H4 I would have stayed longer on short trades and won't have traded that last long. Honestly I didn't trust that H4 momo as price was already coming up from that big short, back from 150.45 which ZL the up move from moment's current daily low and considered it would go up to 153.00

Daaaahhhh, stop thinking and trust what you see !!!!!!!!!!

Image



Fxtraveller wrote:cfabian,

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions on M5/M15.

Price took off higher so much because there was an old Zline (Target 3) + too close to previous Day Low.

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated. we both considered it, and correctly.
That is where you should have entered first time.

But I never thought of the lower yellow line, I look at D1 to help me trade the H1.

Try looking at H1 to trade your preferred smaller TF.
All the best.
FxT.
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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Fxtraveller
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Postby Fxtraveller » Tue Sep 01, 2009 11:09 pm

cfabian, es/pip. dragon, MO and everybody using Zlines....

I think one may compare discretionary zline trading as learning the alphabet to learn a language. We all trade zlines differently....

We have learned the Latin alphabet, the base, but now it seems to me that cfabian talks- french, espip- italian, dragon- spanish, etc..... 8)

I disagree with quite a few trades that i see from posts, I mostly agree with es/pip, but not all the time, yet I learned mostly from him.
and yet everybody manages to see profit (some more often than others =] )


Best to keep posting and learning from each other.
I hope I can contribute as much as anybody in the near future. And especially to myself once I start this concept on a live account...

aliassmith
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Postby aliassmith » Tue Sep 01, 2009 11:40 pm

2 trades today in my trading timeframe :)

The first was a short MZ trade S/R and it went long to
my 9 pip SL

The second was a short MZ trade S/R and it went to my
30 pip target and some, oh well 8)
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prochargedmopar
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Postby prochargedmopar » Wed Sep 02, 2009 1:22 am

cfabian wrote:
"Daaaahhhh, stop thinking and trust what you see !!!!!!!!!! "

The epitome of my f-ups.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

gutek04
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Postby gutek04 » Wed Sep 02, 2009 7:40 am

alliasmith, i did not understand why You have entered first trade... It doesnt look like MO trade. Seckond one is perfect!

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lukx
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Postby lukx » Wed Sep 02, 2009 7:47 am

hmm, to me 1st trade also was MO trade

gutek04
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Postby gutek04 » Wed Sep 02, 2009 8:17 am

well, I could be wrong of course :D Im just starting with this strategy.

Fxtraveller
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Postby Fxtraveller » Wed Sep 02, 2009 9:06 am

perhaps the momo of the first trade was continuation of the initial momo, that really counts, and its the one where the price truly reversed after.

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lukx
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Postby lukx » Wed Sep 02, 2009 9:35 am

how is today for you guys ? for me only looses. price jumping between 4h ZLines like crazy and I'm on the wrong side of the trade every time.

gutek04
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Postby gutek04 » Wed Sep 02, 2009 10:00 am

Same as me 2x SL today, didnt saw Daily ZL bounce on GBP/USD and that cost me 60 p.

What do You guys think about entering SHORT on the opposite area?
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