Now thanks to MO, Dragon and es/pip I consider myself on the other side of the battlefield. Not that I'm really profitable, but at least I'm not losing as I did before. My big enemy now is still me.... I get correct entries, but most of the time I'm scared to let it run. So instead of grabbing 60 - 100 pips with an entry, I get out with 15 or so. Not enough to outweigh losses, but for sure when getting to the point of letting it run, I'll be much more comfortable if a trade doesn't work in my way. What would mean 10 pip loss when you get strokes of 60+?????
es/pip wrote:jcelano wrote:Here's another EU ZLine trade from this morning. This one also went in my favor and I SAW what price was doing so I took the trade for 11 pips
Here's what I observed and I'd like your thoughts on if you interpret it the same way:
1) Volatile price with huge swings up and down
2) Profit getting ZEROED OUT nearly immediately (one - three candels)
3) Candle 1 (Body Direction of profit)
4) Candle 2 (Wick Direction of Loss)
I entered LONG at the yellow line through an Entry Order (bit near a 5 min ZLine...as I saw it)
Exited at another 5 min ZLine (obviously profit ran beyond but I'm playing conservative for now)
Do my points 1-4 make sense from a ZLine point of view; again, it worked, I simply want to make sure I'm not manufacturing what it is I'm seeing and that the old-timers see it too.
I sincerely appreciate your critiques...
Thank you once again for your time!
i dont see anything wrong with that
when we were talking by pm and you said--- i dont understand it, something, something else and something else--
and i said----- its all there in the thread, you are going to have to see it for yourself by marking charts and spending the time on it or you will never see it. I can not just explain it to you.
now that you SEE it, i am just curious to your answer on this
Is there any hidden tip or secret to SEEING this or does one just have to spend the time on it and see it for themselves?---in your opinion