Never Lose Again

[dragon33]

pablo my bars looks a bit different but anyway (probably broker difference-Alpari))

4h:



1h:



30m:



15m:



5m:

[pablo101]

Sorry about that, I had to step out for a while.

Thank you Lukx.

Look at the different time frames? Can you see the result of the bounce on the H4 from the horizontal line I asked you to mark up in my original post?

5 min - multiple zlines going up
15 min - multiple zlines up
30 min - multiple zlines up
1hr multiple zlines up

There's no way you can't see what price is doing and enter on a zline but saying that you can use any horizontal level if you feel strongly long or short.

hint: extreme to extreme trading

BUT I've a funny feeling that understanding zlines/MZ is not your problem but a trading psych problem if you don't mind me being candid

5m:


15m:


30m:


1h:


4h:

[pablo101]

pablo my bars looks a bit different but anyway (probably broker difference-Alpari))

4h:



1h:



30m:



15m:



5m:

[es/pip]

Sorry about that, I had to step out for a while.

Thank you Lukx.

Look at the different time frames? Can you see the result of the bounce on the H4 from the horizontal line I asked you to mark up in my original post?

5 min - multiple zlines going up
15 min - multiple zlines up
30 min - multiple zlines up
1hr multiple zlines up

There's no way you can't see what price is doing and enter on a zline but saying that you can use any horizontal level if you feel strongly long or short.

hint: extreme to extreme trading

BUT I've a funny feeling that understanding zlines/MZ is not your problem but a trading psych problem if you don't mind me being candid

5m:


15m:


30m:


1h:


4h:

it is psych problemo

negative people will not trade correctly

he is searching for the "holy grail" system

when in fact

the holy grail is in him and he just needs to correct his mind

[cfabian]

He refers to this as to not miss some trades. If you want to wait for H4 close it would be "safer"

Why not drawing them on every candle!

For what do we look?

We look for possible reverals on higher frames, right! What if price come back to and H1 50% area while the H4 is not closed yet!
Do you want to miss that trade?

Why is ES/PIP making small any many trades! Yes because he is able to catch momo when while it is forming!

Just start drawing and observing!

HUH?! Are you now saying that we shouldn't wait for 4H to close?

[cfabian]

Hey Braathen, I'm sorry about your loss. My condolences to you and your family.

So another death in the family yesterday Gotta do funural arrangments etc today.. so i just wanted to get my 20 pips before i had to run of.. and i got em Thanks again MO for all the triangle and price speed (degrees) etc been very helpfull

bought long at weak close resting above my triangle.

[aliassmith]

Double

[aliassmith]

Funny how a good entry can make or break a trade

Actually that is on of my main focuses right now, make better
entries so I can control my losses better.

The trade in the chart shows where I got in at the white "X"
I then took a small loss (which I am also practicing). Turns
out the better was wicked in at the top labeled price.

Funny how it is the difference between -6 or +35 pips.

[flossnhoss]

Hey dragon,

Just want to make sure I'm following you on this one...

Even though this was looking short, after the turn with a higher high, you started to look for a long. Once price dropped back down with a large wick, you entered where I indicate on the picture below.

Please let me know if my notes are correct for why and where you entered.

Many thanks for your inspirational posts.

-floss

[dragon33]

Hey dragon,

Just want to make sure I'm following you on this one...

Even though this was looking short, after the turn with a higher high, you started to look for a long. Once price dropped back down with a large wick, you entered where I indicate on the picture below.

Please let me know if my notes are correct for why and where you entered.

Many thanks for your inspirational posts.

-floss

My decisions was based on the weekly chart. Price was near previous low (lower).

What you showed on your picture is also important but when body closes higher is more important.