Never Lose Again

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dragon33
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Postby dragon33 » Sat Sep 05, 2009 12:06 am

lukx wrote:oh my now I'm totally lost short entry after momo long ?!
perfect exits based on what ?!

So you guys when starting to look for trade you got form 1D till 5M ?


The short entry was after hitting a H4 zerozone. It was the NFP news outcome.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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aliassmith
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Postby aliassmith » Sat Sep 05, 2009 12:56 am

Little long trade om M15 before big news spike

1:3ish R:R
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pablo101
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Postby pablo101 » Sat Sep 05, 2009 7:35 am

repost
Last edited by pablo101 on Sat Sep 05, 2009 7:41 am, edited 1 time in total.

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pablo101
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Postby pablo101 » Sat Sep 05, 2009 7:35 am

repost
Last edited by pablo101 on Sat Sep 05, 2009 7:42 am, edited 1 time in total.

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Postby pablo101 » Sat Sep 05, 2009 7:35 am

repost
Last edited by pablo101 on Tue May 04, 2010 4:38 am, edited 1 time in total.

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Postby pablo101 » Sat Sep 05, 2009 7:45 am

I didn?t take this trade and I?m not exactly giving out the crown jewels but here is my take on what Zline and MZ is about.

1. Today the 4th September, I start with daily chart on the EJ
2. 4th could have long possibilities long due to these facts:
a. Daily showing bears are in control for the last eight days
b. Almost a key reversal day
c. Almost an inside bar on the 3rd and the market breaks the top pin on the 4th
3. Dial down to the H4
4. Momentum on the 400 bar yesterday, zline and mzone marked up
5. Notice fib 38.2 line and zline confluence, so note this may be a strong area, a place to zline profits before any possible move up
6. Switch to h1
7. Possible reversal on the confluence, see h1 chart
8. On h1, I see live candle turn bull colour, switch to lower tf for entries
9. On five minute first entry, put buy limit order @ 132.60
10. For SL use minimum move trader?s trick. 5M 288 range * 2.5. Let?s say the range is 15.5 * 2.5 = 38.7 pips. This 38.7 pips give a 90% chance you won?t get wicked out or you can get out at BE or minimum loss.
11. How many lots to trade? Say you have a $400 account. You want to risk 4% which is 16 bucks a trade. 16 divided by your SL 38.7 is $0.41 per pip or 4 micro lots.
12. Or SL you can use maybe below MZ @ 132.41 giving a 19 pip stop
13. Aggressive bank drain method: Keep a fixed SL of 20 and make 80 pips without a loss, then double unit size, keep risk at 20 pips until you lose 1. Once you lose 1 trade, then start all over again.
14. Possible targets (still unclear :() 3:1/4:1 RR or h4 zline @ 132.79 or h1 zline @ 132.83 or pray for more, not sure if it helps but makes me feel better
15. Repeat and repeat until you can afford to buy something small

I think this is right as I?m still in the black at the end of the week so I must be doing something right. Whether I?m helping or hindering others to learn, I leave it up my fellow peers to critique me. Feel free to flame as I need a beating now and again :)

EDIT: I decided to give up attaching charts and attached a pdf with all mentioned charts. Have I said how I hate kreslik website :(
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EJ-charts-040909-2.pdf
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aliassmith
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Postby aliassmith » Sat Sep 05, 2009 1:18 pm

That Utility Theory PDF was interesting. It was a psychological type of read. It demonstrates how important, having your mind right helps you make great gains.

Here is a link to "Prospect Theory" which is similar/same.
http://www.investopedia.com/university/ ... oral11.asp

aliassmith
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Postby aliassmith » Sat Sep 05, 2009 1:51 pm

TRO had mentioned posting what we learned about ZL/MZ, so
I'll put up my evaluation.

1. The ZL/MZ is an edge, not a trading system alone

2. A powerful way to use the method is on consecutive candles.
The first candle has a small body. The second candle has a large body, 2x the size. The third candle wicks toward the small body candle creating an entry in the direction of the previous closed body and then closes toward profit.

The way I see it is the wicking actually closes held profit fast from the breakout trade from the small body. This process builds momentum

With spacial intelligence it is possible to visualize this process in many other ways / timeframes.
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zlexample.gif
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es/pip
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Postby es/pip » Sat Sep 05, 2009 2:27 pm

pablo101 wrote:I didn?t take this trade and I?m not exactly giving out the crown jewels but here is my take on what Zline and MZ is about.

1. Today the 4th September, I start with daily chart on the EJ
2. 4th could have long possibilities long due to these facts:
a. Daily showing bears are in control for the last eight days
b. Almost a key reversal day
c. Almost an inside bar on the 3rd and the market breaks the top pin on the 4th
3. Dial down to the H4
4. Momentum on the 400 bar yesterday, zline and mzone marked up
5. Notice fib 38.2 line and zline confluence, so note this may be a strong area, a place to zline profits before any possible move up
6. Switch to h1
7. Possible reversal on the confluence, see h1 chart
8. On h1, I see live candle turn bull colour, switch to lower tf for entries
9. On five minute first entry, put buy limit order @ 132.60
10. For SL use minimum move trader?s trick. 5M 288 range * 2.5. Let?s say the range is 15.5 * 2.5 = 38.7 pips. This 38.7 pips give a 90% chance you won?t get wicked out or you can get out at BE or minimum loss.
11. How many lots to trade? Say you have a $400 account. You want to risk 4% which is 16 bucks a trade. 16 divided by your SL 38.7 is $0.41 per pip or 4 micro lots.
12. Or SL you can use maybe below MZ @ 132.41 giving a 19 pip stop
13. Aggressive bank drain method: Keep a fixed SL of 20 and make 80 pips without a loss, then double unit size, keep risk at 20 pips until you lose 1. Once you lose 1 trade, then start all over again.
14. Possible targets (still unclear :() 3:1/4:1 RR or h4 zline @ 132.79 or h1 zline @ 132.83 or pray for more, not sure if it helps but makes me feel better
15. Repeat and repeat until you can afford to buy something small

I think this is right as I?m still in the black at the end of the week so I must be doing something right. Whether I?m helping or hindering others to learn, I leave it up my fellow peers to critique me. Feel free to flame as I need a beating now and again :)

EDIT: I decided to give up attaching charts and attached a pdf with all mentioned charts. Have I said how I hate kreslik website :(



14. Possible targets (still unclear :() 3:1/4:1 RR or h4 zline @ 132.79 or h1 zline @ 132.83 or pray for more, not sure if it helps but makes me feel better
----------------------------------------------------

there is no right or wrong as far as targets.

this is just what i do

i never target down i always target = or up

meaning

if i take a trade based off a h4 zl i am targeting the next held profit on the h4 or higher

i will be aware of where the h1 zl is on the way to the target and if the PA stops at the h1 i make a decision to stay in or get out and poss get back in.

and

watch the PA if you have a target and the PA says its not going to go ---just get out---- then if the PA turns back in your direction get back in

edit-------------------

if there is no clear target of held profit then just use PA to get out
Bend over and assume the position for another 4 years of hope and change.

aliassmith
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Postby aliassmith » Sat Sep 05, 2009 2:52 pm

I like to go over past data to see the possibilities.

This is a H1 chart and I looked inside at the M5 for and entry.
The M5 was a perfect entry on consecutive candles.

1:12 Risk:Reward over 5 hours.

One of those each month and you can make 2100% a year :shock:

The ZL/MZ is powerful, but with great power comes great responsibility :twisted:
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zlexampleh1.gif
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