Never Lose Again

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es/pip
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Postby es/pip » Fri Sep 11, 2009 3:40 am

MightyOne wrote:
es/pip wrote:anyone surprised we rallied off these levels in the euro this week and last week

Image

interesting on the es daily

we going down or up--- oops still going up

wish i would have noticed this earlier i would have bought some calls or something---too busy with the forex

Image


How do you feel about 1.5000?

Image


all warm and fuzzy????????????

lol

not sure?

trying to figure out why you boxed in that zone

i was looking higher based on just what i know

what is that zone based on?

Image
Bend over and assume the position for another 4 years of hope and change.

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MightyOne
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Postby MightyOne » Fri Sep 11, 2009 3:49 am

es/pip wrote:
MightyOne wrote:
es/pip wrote:anyone surprised we rallied off these levels in the euro this week and last week

Image

interesting on the es daily

we going down or up--- oops still going up

wish i would have noticed this earlier i would have bought some calls or something---too busy with the forex

Image


How do you feel about 1.5000?

Image


all warm and fuzzy????????????

lol

not sure?

trying to figure out why you boxed in that zone

i was looking higher based on just what i know

what is that zone based on?

Image


Bottom zone is a M-Lisa style from the opens zone and the top is from the close of the momentum on the base time frame.

This zone applies the support becomes resistance concept:

What you would do is draw a line from the open of a down momo candle and then try and find an up momo candle that places another line as close as possible to the first (creating a zone).
You do the same with the from the close line placement style...

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es/pip
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Postby es/pip » Fri Sep 11, 2009 3:53 am

MightyOne wrote:
es/pip wrote:
MightyOne wrote:
es/pip wrote:anyone surprised we rallied off these levels in the euro this week and last week

Image

interesting on the es daily

we going down or up--- oops still going up

wish i would have noticed this earlier i would have bought some calls or something---too busy with the forex

Image


How do you feel about 1.5000?

Image


all warm and fuzzy????????????

lol

not sure?

trying to figure out why you boxed in that zone

i was looking higher based on just what i know

what is that zone based on?

Image


Bottom zone is a M-Lisa style from the opens zone and the top is from the close of the momentum on the base time frame.

This zone applies the support becomes resistance concept:

What you would do is draw a line from the open of a down momo candle and then try and find an up momo candle that places another line as close as possible to the first (creating a zone).
You do the same with the from the close line placement style...


ok with ya

kind of like a dptl (larry williams) i used those in the past

but based on momo vrs s/r

interesting

thanks
Bend over and assume the position for another 4 years of hope and change.

JTurnbull
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Current trade

Postby JTurnbull » Fri Sep 11, 2009 6:57 am

I am trading away from 33 day old Zone. here is 4hr chart
Image
And here is my entry short on the 5 min
Image
Let me know what you think. Target is 4hr at 1.6660

JTurnbull
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Postby JTurnbull » Fri Sep 11, 2009 7:12 am

Exit at 1.6700 because i didnt like PA. looking to reenter at around same as my entry again.

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lukx
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Postby lukx » Fri Sep 11, 2009 9:36 am

Guys what would you do in this kind of situation?
Is it what I'm seeing correct?

Image

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lukx
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Postby lukx » Fri Sep 11, 2009 9:53 am

Also what would be the target ? 1H MZ? but it;s just few pisp away form long MZ. This is where I'm getting lost. I somehow successfully manage to enter but I can't figure out exits. Should I only go from one ZL to another or I shoudl aim at higher tf opposit ZL to mine lower tf zl entry?

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es/pip
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Postby es/pip » Fri Sep 11, 2009 10:51 am

lukx wrote:Guys what would you do in this kind of situation?
Is it what I'm seeing correct?

Image



you just have to interpret the PA based on the momo on the micro and macro charts and decide what makes sense to you and trade with tight stops and larger targets

i traded long short and long thru all of that bec it made sense to me

but if things doint make sense to you then only trade when it does----

looking at all the time frames together will come easyier with time--

otherwise just stuck with the h4 and trade off it

___________________________________________________

your next post

targets are disretionary just like the entries--- you just have to target what makes sense to you and then get out on PA if the forex money machine doesnt agree with your target :D

i will post some charts once i get out of these trades
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 » Fri Sep 11, 2009 11:01 am

JTurnbull wrote:Exit at 1.6700 because i didnt like PA. looking to reenter at around same as my entry again.



didnt want to make any comments when you were in a trade with a specific target-----

just be aware of the new h4 momo- which created held profit ----- that is the first area for a target


but

i see what you were looking at for the trade and i dont disagree with playing a short scalp off it like that
Bend over and assume the position for another 4 years of hope and change.

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lukx
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Postby lukx » Fri Sep 11, 2009 11:02 am

I'm in this one right now.

Long from blue traingle

Image

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