es/pip wrote:bakaender wrote:I've been following this thread for about 6 months now and for most of that time have been trading simply horizontal lines at psychological points (.00, .25, .50, .75)
I Got to where I was making very small amounts, maybe 10 points each week, and decided I was clearly missing something only making that amount for the amount of work I was putting in.
So I decided to start reading this thread from the beginning with the intent of learning ZL's. I've only got through the first 300 pages over the last month, and finally decided it was time to try a trade and post it to see if I am seeing it correct or just got lucky.
Any comments are welcome. I'm mostly curious if I even placed the ZL in the right spot, or if it just worked out this time. Thanks.
no, i dont think so.
1. Are you basing the zl off the m30 chart that is posted-- bec there is a zl in that area but it is inside that PA
2. are you #1's and 2's marking body in direction of profit and wick in direction of loss? I am ok with the first #1 but not the next 1 or 2.
you want to see held profit created by momo as the #1 the 2nd #1 shows no increase in momo
3. take this chart and place a zl where you think it should go
based on the bars numbered a b and c where does the zline go?
lol ugghhhhh it is kind of
technically that is marking held profit by marking it as 1 and 2 the way you did--- i just wouldn't think to put it there without looking inside that 30 minute PA
mark the chart i posted so i can see what you see