Never Lose Again

[lukx]

I'm in this one right now.

Long from blue traingle

me too

based off the h4 momo

uh I got stopped out just before it skyrocketed. And it;s like that every time

[lukx]

one more question for today
What to do in this situation?
When there is some old MZ short from far away and new long MZ created not so long and they are very close to each other?

I assume the closest is more important so we should be searching for long opportunities?

[es/pip]

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

es/pip so the most recent (CLOSED) 4h candle is usually the main aim to go in it's direction.

Does my thinking makes any sense?

es/pip so the most recent (CLOSED) 4h candle is usually the main aim to go in it's direction.

it depends on what the PA looks like----- just because you have a closed bar with momo doesnt mean that is the direction--- it depends on where you are on the left side of the chart

in your example that h4 bar yes is an increase in momo but it is coming into the larger momo of the yellow box--- which is showing possible longs based on momo and the held profit that is getting zl'ed

but

when you come back into that body (blue area) if the inside PA makes sense you can trade it off that as well----and again----but----- that is not really a 2x closed body so i would not be that focused on trying to pick it off short

it is hard to explain

i just look at the momo and held profit and trade it from the inside

[es/pip]

one more question for today
What to do in this situation?
When there is some old MZ short from far away and new long MZ created not so long and they are very close to each other?

I assume the closest is more important so we should be searching for long opportunities?

when you say closest in a scenario like that

yes



yeah i was long in that--- didn't get too much out of it 30 ish

as well as on the euro same setup off the h4

was out quickly off the m5 bec of the below statement



we have gone up so much on both of these off the bottom that continuing to play them long becomes riskier and riskier--- bec of the held profit way down below the new entries----

[lukx]

so my final and maybe stupid question ...

When big boys are holding profit we should be looking for opportunities to join them in the same direction (momo dir). We shouldn't be trying to ZL them? I mean go against momo to take their profit they are holding at ZL line as target?

[Patch]

es/pip

I am working to understand the new-aan-cesses of MO's ZL & ZZs.

You just posted: "i just look at the momo and held profit and trade it from the inside". What do you mean by "trade it from the inside"?


lukx:

I wonder what time frame are you basing your entry on? Is it exclusively the H4? Looking at the charts posted by es/pip and dragon33, I see H4, H1, M15 and M5. Most of es/pip's marked charts are M15 and M5. The higher the time frame the greater the pips at risk stop loss needs to be.

What is your profit target? I am looking at GBPUSD H4 and trying to figure out where you entered, got stopped out etc. Could you post the chart you used for entry with notes written on the chart?

Lastly, my stupid Q of the day, could you have reentered the trade once it moved in your direction?

Patch
Remembering 8 years ago

[es/pip]

so my final and maybe stupid question ...

When big boys are holding profit we should be looking for opportunities to join them in the same direction (momo dir). We shouldn't be trying to ZL them? I mean go against momo to take their profit they are holding at ZL line as target?

lol

ummmmm, not sure how to explain this stuff in words---- it just cant be done or i cant do it at least


you want to trade in the direction of profit--- yes you do not want to trade against the momo unless you are coming into a zl that makes sense to try and trade away from



you can also trade out of an area (zl) when other traders get zl'ed

thats how you apply MO's saying

a true zl happens on consecutive bars, otherwise you trade away from the area like a s/r trade

trading off consecutive bars is trading in the direction of profit

when you come into a zl that is held profit and traders are getting zl'ed that is an old zl--- then you look for some momentum somewhere (time frame) and trade away from it-- if you choose to try that trade


honestly, i think you understand the above. It just takes a little bit of time to tie in different time frames.

all of that above is stuff i have been saying for 6 months or whatever its just rehashed-------------- not sure how to explain it


pretty sure that didnt help anyone

i just cant explain it

[es/pip]

es/pip

I am working to understand the new-aan-cesses of MO's ZL & ZZs.

You just posted: "i just look at the momo and held profit and trade it from the inside". What do you mean by "trade it from the inside"?


lukx:

I wonder what time frame are you basing your entry on? Is it exclusively the H4? Looking at the charts posted by es/pip and dragon33, I see H4, H1, M15 and M5. Most of es/pip's marked charts are M15 and M5. The higher the time frame the greater the pips at risk stop loss needs to be.

What is your profit target? I am looking at GBPUSD H4 and trying to figure out where you entered, got stopped out etc. Could you post the chart you used for entry with notes written on the chart?

Lastly, my stupid Q of the day, could you have reentered the trade once it moved in your direction?

Patch
Remembering 8 years ago

trading/looking inside is looking to smaller time frames to trade the larger time frame

Dragon and my trades are not off the 5 and 15 min charts. They are off the larger time frames entering on the smaller time frames

[Patch]

es/pip

Would you please post the higher time frame charts you are looking at today with markups of MOMO and MZones. Along with your lower time frame charts of entry and exit.

Thanks
Patch

[lukx]

when you come into a zl that is held profit and traders are getting zl'ed that is an old zl--- then you look for some momentum somewhere (time frame) and trade away from it-- if you choose to try that trade

Thanks es/pip. I'm just not sure what do you mean by saying "trade away from zl". You mean by that trade opposite direction as momo candle is?