es/pip wrote:jcelano wrote:Hi ES/PIP,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
Thanks for your comments... That NUMBER 2 candle looked a bit iffy to me but I didn't second guess and the trade made sense so I took it...
With regards to the ZLine -
No offense to anyone here, but I think the ZLine was not clearly articulated in the early stages; it's gotten better in the past few dozen pages or so, though....
Spending time with the charts is a MUST, however the process can be better understood - my goal (as I mentioned in PM) is to put something together in such a way that a 5yr old could understand it. In order to do so, however, I need to make sure I really, really get it as well.
I'll run this by you via PM when I have something, if that's ok...
Thanks again for your thoughts on my charts...
i dont see anything in the last few dozen pages that is any different----
doesnt matter--- i was just curious as to what your thoughts on it were.
yeah you can send me whatever when you are done with it
PM?? You're one busy dude. Don't know how you spend the time trading and answering everything
Anyway, thanks for the dedication