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Fxtraveller
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Postby Fxtraveller » Thu Sep 03, 2009 12:36 pm

well, to me a Zline is not necessarily in 50% of momo candle

a breakout line is where a lot of traders get in, and eventually zeroed out.

the GU had the same PA as gbp/jpy chart above.

"if you see a breakout and you can imagine your self sitting with profit after moving your stops to BE then that is a ZL."

I believe that is MO's or es/pip's quote hundreds of pages above. I've been saving to a word doc. useful things, but not the author unfortunately.

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es/pip
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Postby es/pip » Thu Sep 03, 2009 1:17 pm

aliassmith wrote:
es/pip wrote:PA wasn't perfect---- i agree

i mean i haven't made 500 pips or anything but i am up an ok amount--- not sure i never count them

i can still see that people refuse to use the 5 min close to tell them to get out and taking there full stop. My 20 pip hard stop is a disaster stop if you will. It is only there to protect me if it just rips on me when i get in, or if a 5 min bar rips against me without giving me a chance to get out at a better price.

MO, Dragon and I rarely take a full stop---- but everyone seems to take them without hesitation.

a 60 pip stop is nonsense----- unless it is built up from profits---like MO was showing

just bec you have a zl doesn't mean you take the trade---- especially after multiple bars

--- again no one wants to look inside for some reason

-- if you are watching a h4 zl from 8 days ago and trading it off that zl directly----- how do you have momo showing you the way? You don't.


no one should be trading gbp/jpy in my opinion---- at least not yet.

----------- trade the pound, the euro or the ej-- preferably the pound or euro to start


i don't understand a majority of the charts( and reasoning) posted


everything that Dragon and i learned is in this thread---- i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread.


Sorry ES/PIPS,

I'll refrain from posting my M5 stuff. Then again maybe I should be looking inside at the M1 to "look inside" the M5



i wasnt talking about your charts
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 » Thu Sep 03, 2009 1:18 pm

TheRumpledOne wrote:" i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread. "

How about you posting a synopsis in your own words to help your fellow traders out.



i have

probably 10 or so times
Bend over and assume the position for another 4 years of hope and change.

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 03, 2009 1:36 pm

Image

Breakout Box trades are profitable. Knowing the high/low for each hour can pay off.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby pablo101 » Thu Sep 03, 2009 1:41 pm

monolisa wrote:Hi Patch,

I modded blubbb's zline to show mtf zl (also have a mz version). The indis are attached.

Lookback period is 500 bars on each tf as per original blubbb's zline indi.

Lis


...
Last edited by pablo101 on Tue May 04, 2010 4:30 am, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 03, 2009 1:41 pm

es/pip wrote:
TheRumpledOne wrote:" i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread. "

How about you posting a synopsis in your own words to help your fellow traders out.



i have

probably 10 or so times


Keep doing it... REPETITION IS THE MOTHER OF SKILL.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 03, 2009 1:56 pm

Lots of trash talk on ForexFactory here:

http://www.forexfactory.com/showthread. ... 8&page=110
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 03, 2009 2:42 pm

Image

See where price bounced?!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Fxtraveller » Thu Sep 03, 2009 2:50 pm

May I try to recap? It will be beneficial for myself as well:

1) basically you want movement/momo in order to even consider trading

then you want to trade in the direction of the momo

targeting other traders that are holding onto their profit

2) ? So if you are waiting for momentum and momentum is defined by a CLOSED body

3) ? Quote: ?if you see a breakout and you can imagine your self sitting with profit after moving your stops to BE then that is a ZL?
? Wicks in the direction of loss and bodies in the direction of profit.

4) The only thing that tells me that my entry was less than perfect is the CLOSE OF A CANDLE while I am sitting with a loss.


5) TRO quote: IT'S ALL ABOUT THE ENTRY... a poorly timed entry means no chance to take profit. A poorly timed exit means you may have missed your chance to take profit?


There is still oh so much more, but I tried to make it as concise as pos.

Fxtraveller
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Postby Fxtraveller » Thu Sep 03, 2009 2:52 pm

May I try to recap? It will be beneficial for myself as well:

1) basically you want movement/momo in order to even consider trading

then you want to trade in the direction of the momo

targeting other traders that are holding onto their profit

2) So if you are waiting for momentum and momentum is defined by a CLOSED body

3) Quote: ?if you see a breakout and you can imagine your self sitting with profit after moving your stops to BE then that is a ZL?
Wicks in the direction of loss and bodies in the direction of profit.

4) The only thing that tells me that my entry was less than perfect is the CLOSE OF A CANDLE while I am sitting with a loss.


5) TRO quote: IT'S ALL ABOUT THE ENTRY... a poorly timed entry means no chance to take profit. A poorly timed exit means you may have missed your chance to take profit?


There is still oh so much more, but I tried to make it as concise as pos.

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