Looking at my H3 target (oanda) I was looking long at the arrow.
I never seen the H1 ZL until es/pip mentioned it in his post.
Needless to say plenty of times to get out at BE before
the reversal. Goes to show (maybe I should have took that nap
I mean the details are very important. Multi-timeframes can help a lot
Missed out on a 9% return and lost a few pips today with a nice run
early still up 3% and done for sure this time.
Never Lose Again
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mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....
Let's see if we get long momo....
cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.
If you have further comments more than welcomecfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
cfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
yeah once you miss it it gets riskier the further up it goes--
the play was in the h4 mz that was posted earlier
on the m15 i would not consider that a mz because it is not 2x previous-- although it is on the m5-- prev chart posted
if i was playing it just of the m15(based on the higher tf momo)--i wouldn't have made a trade through that pa-- but looking inside to the 5 i would have traded it
Bend over and assume the position for another 4 years of hope and change.
Andy123 wrote:Thanks to everyone who has contributed to this thread, it's absolutely amazing, it really is.
I've attached a picture here, I was just wondering where you would enter on the 5 min, I was really unsure at it didn't quite hit the ZL, but as you can see I missed the boat.
Thanks
not sure i would have looked at the h1 like that----just me---- i can see exactly the reasoning and it is valid
ehhh- i may have i would have had to seen it in real time to really know if it jumped out at me--as far as just the h1 was concerned
as far as the entry i would have gotten in somewhere in the PA moving away from the line
Bend over and assume the position for another 4 years of hope and change.
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I didn't trade it either, but actually was a nice setup to short the trade I was waiting to long. Good for 40 pips. Why I didn't short it? Because h4 momo was long, and there was good amount of held profit that way. Shorting this was risky (to me at least that I'm learning).
After all, didn't take this long either, not liking how it is evolving.
After all, didn't take this long either, not liking how it is evolving.
cfabian wrote:mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.
If you have further comments more than welcomecfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
Last edited by cfabian on Mon Sep 14, 2009 8:56 pm, edited 1 time in total.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
LOL
Again talking about the same trade, typing at the same time.
Again talking about the same trade, typing at the same time.
es/pip wrote:anyone trade away from that zl for the move down?
nice little 5 min dbl top followed by a couple good spots to get in
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
cfabian wrote:I didn't trade it either, but actually was a nice setup to short the trade I was waiting to long. Good for 40 pips. Why I didn't short it? Because h4 momo was long, and there was good amount of held profit that way. Shorting this was risky (to me at least that I'm learning).
After all, didn't take this long either, not liking how it is evolving.cfabian wrote:mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.
If you have further comments more than welcomecfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
just how i viewed all that--- it worked--- but it doesn't mean it was right
yeah but the h4 bull candle didn't have a ton of momo ---- had it came up a lot further and was 2xish the previous i would not have taken the h1 area as that important.
but since it had the momo it had i took it of the h1 area
i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long
Bend over and assume the position for another 4 years of hope and change.
espip,
Not really getting the idea around this comment:
"i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long "
How would you have considered an appropriate h1 candle for the possible long?
BTW, this is how that h4 candle showed with my broker, which was a significant increase of momo. Just to be aware of.
Not really getting the idea around this comment:
"i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long "
How would you have considered an appropriate h1 candle for the possible long?
BTW, this is how that h4 candle showed with my broker, which was a significant increase of momo. Just to be aware of.
es/pip wrote:cfabian wrote:I didn't trade it either, but actually was a nice setup to short the trade I was waiting to long. Good for 40 pips. Why I didn't short it? Because h4 momo was long, and there was good amount of held profit that way. Shorting this was risky (to me at least that I'm learning).
After all, didn't take this long either, not liking how it is evolving.cfabian wrote:mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.
If you have further comments more than welcomecfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
just how i viewed all that--- it worked--- but it doesn't mean it was right
yeah but the h4 bull candle didn't have a ton of momo ---- had it came up a lot further and was 2xish the previous i would not have taken the h1 area as that important.
but since it had the momo it had i took it of the h1 area
i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
es/pip wrote:Andy123 wrote:Thanks to everyone who has contributed to this thread, it's absolutely amazing, it really is.
I've attached a picture here, I was just wondering where you would enter on the 5 min, I was really unsure at it didn't quite hit the ZL, but as you can see I missed the boat.
Thanks
not sure i would have looked at the h1 like that----just me---- i can see exactly the reasoning and it is valid
ehhh- i may have i would have had to seen it in real time to really know if it jumped out at me--as far as just the h1 was concerned
as far as the entry i would have gotten in somewhere in the PA moving away from the line
Thanks es/pip for your explanation, it's much appreciated, I'm still getting used to the whole concept.
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