Never Lose Again

[spa]

excelent dragon.. your approach to the Zl/MZ works extremely good..
here is my attempt today at a long eurusd.. missed the initial short after price wicked the 4h MZ and after i saw a 1 H ZL attempted a long

[es/pip]

excelent dragon.. your approach to the Zl/MZ works extremely good..
here is my attempt today at a long eurusd.. missed the initial short after price wicked the 4h MZ and after i saw a 1 H ZL attempted a long

i wouldn't say that was incorrect

but it was a riskier trade, i hope you got out with a small loss when it offered it

just notice the size of the h1 down momo bar you were buying into coupled with the h4 down momo


then knowing what is in the background be looking for a reason to get back in short, bec the correct play was off the h4 momo

[spa]

figured since it formed a h1 up momo(albeit smaller than the previous down one) and zeroed it out, the next logical move was a push towards the profits holders above .. i took a 14 pip hit on half of position

[es/pip]

figured since it formed a h1 up momo(albeit smaller than the previous down one) and zeroed it out, the next logical move was a push towards the profits holders above .. i took a 14 pip hit on half of position

in theory that would be correct--- that's why i was saying it wasn't 100% wrong

but that is what the h1 was saying

the h4 was saying the opposite

higher time frames are always weighted more in decisions

basically the h1 bars formed that way fooling the traders on the h1 while the h4 was showing the way

[spa]

same scenario(as far as i can see) is about to happen again..

[es/pip]

same scenario(as far as i can see) is about to happen again..

yeah but this time you are not back into a h4 down momo and we just ran the stops on the h4 and the daily

[es/pip]

anything can happen but i would have been more willing on that one than the previous one

[es/pip]

was also long the pound on the h4 out with be , +15, and be






golf time

[spa]

double post

[spa]

here is my second loss for the day.. price wicked the 1h ZL and when i saw down momentum on the 5 min i placed my limit at the 5 min Zl, it got triggered and i got stoped out prety fast (triabgle is the entry, round is the SL)
still more than conservative size wise so only took a hit on my ego

edit.. on hindsight i placed the stop on a 30 min ZL and the only place on the hole down move that failed to get Zl'd so far.... [schild=standard fontcolor=000000 shadowcolor=C0C0C0 shieldshadow=1]brrr[/schild]