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v8power
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Postby v8power » Wed Jun 25, 2014 2:55 am

Bored so just started marking up a chart. Red box shows body in direction of profit and wick in direction of loss. If you took all nine trades purely mechanical without looking at a high and lower time frame you still would have only lost 2 out of nine. So almost 80% win rate. Plus both losses could have easily gotten a few pips of profit for you and if we remember to never take a full loss, maybe both of them combined might equal one whole loss. So 7 wins, 1 loss. Winners are almost always 2-4 times more then losses. Sounds pretty good to me. Sorry for all the post and charts, but it is finally starting to click for me and just need to do it, so it becomes second nature.
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v8power
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Postby v8power » Fri Jun 27, 2014 11:52 am

Well here were a couple trades from this morning for me. Almost +70.

Image

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 27, 2014 4:00 pm

MightyOne wrote:
v8power wrote:Hey this post is for the OP. If you want to see some very easy and basic zline and mzone trades, pull up a h4 chart of eur/aud. I would load my charts but either my computer wont let me or kreslik wont, not sure, but I will just walk you through some of my trades since Sunday.
1. Had a Sunday gap fill trade. Sold 1.4497, out at 1.4470. Easy +25.
2. That then turned into a bearish KR on the h4, which I just sold at opening of the next h4 candle 1.4485 with a zline tp of about 1.4400. +85
3. Two candles later we had a bullish KR form, bought at 1.4400. Now I took profit at the next mzone up, which was the h4 momo we just sold down.
Out at 1.4445. +45
4. Then sold down back at 1.4440 into the next mzone, out at 1.4420.
5. Now you could have played this next trade one of two ways. You could have just bought out of that mzone or if you had looked at your daily chart you would have seen that we had just formed a bullish KR day. Either way I was long at 1.4425 and there was a old zline from 6 days ago that you could use as you profit target at 1.4525. +100

there were also some m15 trades of just bouncing back and forth between mzone. All in all about 300 pips in 2 days. Yes I did take all these trades and no I barely ever sleep during the week, haha. I will try to get my charts posted hopefully by tomorrow for you.


http://tinypic.com/?t=postupload


MO:

Were you supposed to be posting a chart?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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v8power
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Postby v8power » Fri Jun 27, 2014 4:08 pm

I think he was just showing me how to post pics, since I was having trouble.

v8power
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Postby v8power » Fri Jun 27, 2014 7:47 pm

So while I read 300+ pages of lukx's thread and archived all of MO's and dragons post I just let my m15 and h1 mzone indicator signal trades for me all day. Red up and down arrows mark entry and exit each time into a zone. Just shy of 150 pips since the start of Frankfurt hour. 200+ pips since Tokyo open yesterday

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Jalarupa
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Postby Jalarupa » Tue Jul 01, 2014 2:37 am

Image

I am wrong if we close below the BOX...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 01, 2014 6:14 pm

v8power wrote:So while I read 300+ pages of lukx's thread and archived all of MO's and dragons post I just let my m15 and h1 mzone indicator signal trades for me all day. Red up and down arrows mark entry and exit each time into a zone. Just shy of 150 pips since the start of Frankfurt hour. 200+ pips since Tokyo open yesterday

Image


Hope you are trading with real $$$$
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Postby MightyOne » Tue Jul 01, 2014 6:30 pm

I have always loathed that MZONE indicator...

=)

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forexbob
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Postby forexbob » Tue Jul 01, 2014 7:37 pm

MightyOne wrote:I have always loathed that MZONE indicator...

=)


yep, :D the MIGHTYzONE indicator !

v8power
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Postby v8power » Mon Jul 07, 2014 2:19 pm

TRO- Yup real money.

Mightyone- Yea I have seen you post that before. I used it kinda like training wheels. Now I just use naked charts and a textbook to write down possible trades.

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