Never Lose Again

[es/pip]

Nice little move in early US session.

H1 Chart 10 pips SL a few pips move

[JTurnbull]

Looks like something forming on EU if we get some more weakness out of it. could be a good setup for another leg up further

Also just making sure i still remember how to post images.

[es/pip]

another quick question.
What if we have MOMO long, we're waiting one candle went up and another one hit ZL bit the one that hit ZL was also MOMO but for short?

huh?


rephrase that or post a larger chart showing what you are saying

[prochargedmopar]

Let's see...

Enter within 20 pips of the bottom...

Price now 45 pips off the bottom...

Hmmm.....

TRO,
I can see that you have adopted some of the good Dr.'s trading strategies.
Trading off daily extremes..........
So do you have the saxo bank link bookmarked?

I'm going to have to look through your indi's for a better daily avg indicator than what the dailydatav.2 is showing.

[dragon33]

Dragon...
What is that red line at 1.64615 marked for? What is telling you? Not the stop loss, but the strong one. It is close to a daily ZL, but it is not (at least on mine).

Thanks

How to miss a trade by a few pips
That's what you get when setting things and doing other things. I rarely use limitorders to prevent this.

I mark the zones from the higher frames. The first red is H4 and the second is the income from the daily.
The zone indicator does not mark every possible reverse. That's the reason why i do it by hand. If price comes near my lines i scale in to M5!

[dragon33]

This is why it is important to draw manually on momo candles.

Here you can see a momo reversal pattern. First we have a small momo to the upside but on the smaller timeframe you are able to catch the breakout the othere way.

[lukx]

huh ?! I don't get it... on 4H this momo was long so we shoudl be looking to enter long on pullback. How did you know it will be breakout when price will hit ZL on this long momo on 4H

[dragon33]

huh ?! I don't get it... on 4H this momo was long so we shoudl be looking to enter long on pullback. How did you know it will be breakout when price will hit ZL on this long momo on 4H

If i knew that i was a very rich person. What i want you to see is how important it is to draw some lines by hand. If you see what is happening on M5 just before the breakout (white circle) then you can imagine price will drop instead of running up.

[pablo101]

Man... zlines are so addictive

[dragon33]

Fun when it go quick like this. The major upmomo on H4 was still holding.
There where a few attempts to run down but never saw any lower lows on the H4. Daily major bias was up and that made me decide to take the trade up just before news.