Never Lose Again

[es/pip]

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

here is one


every chart i post is basically the same

decisions to trade are off the h4 h1-- with an understanding of where we are on the daily etc

then i look inside to make a decision on where i am going to get in


i will post some more stuff later

i need to sleep for a couple hrs ------golf later

ALSO------- THERE HAS BEEN TONS OF WAYS TO MAKE PIPS POSTED BY TRO AND OTHERS. IF THIS DOESN'T WORK FOR YOU THEN TRADE A DIFFERENT WAY. SOME MAY SEE IT AND UNDERSTAND IT OTHERS MAY NOT---- IF NOT JUST TRADE SOMETHING THAT WORKS FOR YOU

[es/pip]

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?

MEANING THAT IF YOU HAVE A ZL THAT IS FROM OTHER TRADERS HOLDING A PROFIT AND YOU COME INTO IT IF YOU WANT TO THEN YOU CAN TRADE AWAY FROM IT


LIKE THIS

[es/pip]

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?

MEANING THAT IF YOU HAVE A ZL THAT IS FROM OTHER TRADERS HOLDING A PROFIT AND YOU COME INTO IT IF YOU WANT TO THEN YOU CAN TRADE AWAY FROM IT


LIKE THIS

or this

[lukx]

Thanks es/pip, have a good one at golf course!

[cfabian]

Lukx
I would trade it short. Higher timeframes dictate the main route. As it is approaching daily resistance, it is probable it will create a short move. You can see in other TF short momo is building up, but have to recall that in order for price go further down, it NEEDS to cross down those "long setup" areas. As the pros said, just be careful how price reacts in those zones.

Also take a look how daily momo is decreasing substancially as it approaches the zone.

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

[flinux]

Have MZ indicator applied on multiple timeframes is amazing, because you get multiple alarms. To be clear, look here:



Confirmed on: M5, M15, M30.

16 Simple Pips.

[cfabian]

And price did hit your original target.
Learn to wait, and/or take profits at some ´point and try to reenter at better price than your exit. In this case price went back to your entry area and then dropped down to your target.

I am trading away from 33 day old Zone. here is 4hr chart

And here is my entry short on the 5 min

Let me know what you think. Target is 4hr at 1.6660

[lukx]

ok my last question (for this week)

the MZ is valid till candle close right? So this long zone is still oke to trade , even if existing candle cut through it ?

[prochargedmopar]

Hmmmmm,
See price rising on low volume?
See churn bar?
See price drop????

pretty simple,
As soon as you see a low volume up bar you look for an exit.
Then see price drop on rising volume.
Then see price reverse on higher and higher volume.
then churn bar ect, ect.....Easy pips.

im with you on the volume

VSA def. has its place

not sure how far you are into VSA but if you look for strength/weakness in the background, and then look for the volume signal it significantly reduces the fake outs

i used VSA when i traded the es

you can search for Sebastian manby-- mante-- cant remember his last name---- on http://www.traderslaboratory.com/

he goes into some extensive VSA analysis on the es, but you can apply it to whatever you want to

he knows his stuff as far a s VSA is concerned

Thankyou sir,
I'll check his post out.
I've watched some vids from there on the vwap setup. Not sure if it was the same guy.

[cfabian]

Lukx,
To my understanding, if price already passed thru that MZ, that zone is no longer valid as it was already zeroed.

ok my last question (for this week)

the MZ is valid till candle close right? So this long zone is still oke to trade , even if existing candle cut through it ?