Never Lose Again

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lukx
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Postby lukx » Fri Sep 18, 2009 4:38 am

pablo101, you're totally right... this is exactly what I was doing.
MO, and again I didn't though about such obvious thing !

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spa
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Postby spa » Fri Sep 18, 2009 10:16 am

heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...
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es/pip
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Postby es/pip » Fri Sep 18, 2009 10:40 am

spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

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

spa
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Postby spa » Fri Sep 18, 2009 12:13 pm

es/pip wrote:
spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

Image


price approaching the lower H1 ZL.. depending on the momo we should look for longs on 15 min and lower?

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es/pip
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Postby es/pip » Fri Sep 18, 2009 12:29 pm

spa wrote:
es/pip wrote:
spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

Image


price approaching the lower H1 ZL.. depending on the momo we should look for longs on 15 min and lower?


seems you are looking at the right things---- just trade what you see.

i dont want to say do this or do that----- not sure if you will be trying to trade off what i say--- then i will be thinking about if you lost money based off what i was saying----

i would potentially be looking for a long based on pa-- but you have some held profit resistance above this now on the h1 its kinda in a range

after it tried to go up in that h1 zone a couple times and failed i could see trying to trade short out of it although it was not real clear and would have been tough to get in it


just look to where you are and where you came from based on held profit and momentum and trade the PA to and from the area
Bend over and assume the position for another 4 years of hope and change.

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spa
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Postby spa » Fri Sep 18, 2009 1:00 pm

just trying to grasp how you look at this, not going to open a trade just because someone told me to do so ;)

aliassmith
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Postby aliassmith » Fri Sep 18, 2009 1:11 pm

Just some observations on H1 G/U

I believe this goes along with breakouts returning to the
breakout point before moving on.

In my chart you can see (first and last ellipses) a small body
candle followed by a breakout candle. Then the next candle
comes back and tags the breakout point.

The second ellipse shows a breakout returning a little later
on a higher timeframe.

Looks like good places to get in on small stoplosses.
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es/pip
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Postby es/pip » Fri Sep 18, 2009 1:17 pm

spa wrote:just trying to grasp how you look at this, not going to open a trade just because someone told me to do so ;)



lol

im with ya

i just dont want to be thinking about if someone-maybe not you--- made a decision off what i say when i could have changed my mind 5 min later based on some new PA--- while i am trying to trade



i am going to post a bunch of charts at some point ---from earlier--- and i will include the trade i just took off the gbp/jpy--- it was only with 1/4 size bec i do not trade that pair--- but after looking at it i was like ---- hell ill trade it

lol
Last edited by es/pip on Fri Sep 18, 2009 1:25 pm, edited 1 time in total.
Bend over and assume the position for another 4 years of hope and change.

aliassmith
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Postby aliassmith » Fri Sep 18, 2009 1:18 pm

Long MoMo on M5 G/U after hitting a H4 ZL

Wonder where it may go! Probably to 1.6357 to the M15 ZL
for now.

edit:typo
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es/pip
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Postby es/pip » Fri Sep 18, 2009 1:59 pm

es/pip wrote:
spa wrote:
es/pip wrote:
spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

Image


price approaching the lower H1 ZL.. depending on the momo we should look for longs on 15 min and lower?


seems you are looking at the right things---- just trade what you see.

i dont want to say do this or do that----- not sure if you will be trying to trade off what i say--- then i will be thinking about if you lost money based off what i was saying----

i would potentially be looking for a long based on pa-- but you have some held profit resistance above this now on the h1 its kinda in a range

after it tried to go up in that h1 zone a couple times and failed i could see trying to trade short out of it although it was not real clear and would have been tough to get in it


just look to where you are and where you came from based on held profit and momentum and trade the PA to and from the area



spa,

u see what i was talking about on how the h1 bars formed that the possible new resistance that formed on the h1

not saying that it is the end all resistance and we will tank--- but just if you were looking to play long from the zl below, it may cause some resistance or would be a good target for a scalp

u could also justify trading short out of that area--- if the pa set up for it---- it would have been hard for me to take one based on that PA


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

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