PA, S/R, ZL, EXTREMES & MOMO

[LittleKnown]

MO, i have a question: the quick move that started an hour ago was very fast. i saw a one-minute-candle with a size of 40 pips...

but the question is: why was the move so quick? was it a lack of liquidity or just huge buy orders? or both?

the answer is interesting because if that move was mainly based on a lack of liquidity then the sellers are still in okay. if these were huge buy orders then a reversal is more likely.

i was a bit surprised that a 40-pip-spike happened because normally big orders are not that obvious...

thanks!!

Wasn't it something to do with fundamentals, as in EU deciding whether or not to give Greece another load a cash! Can be a dangerous game trading when big things popping!

[adaseb]

the only thing worthwhile posting

[inprogress]

Hi Guys,

I've been practising ZL's and stuff for quite some time now but I'm still struggling with it a bit. I'd like to start posting some charts for any feedback but I dont want to create another topic about it. So I thought that I'd start to post them here. Hope that You Guys dont mind. For my trading I combine everything from H1 to M1 with keeping in mind where Im at at bigger charts (as everyone I guess). Im mainly scalping.

Actually I had a nice day today. Charts:

H1:


TRADES FORM M5:


As I said. I'll appreciate any feedback. I'll post some losers in a minute.

[inprogress]

but before

LONG EU @ 1.4053

EDIT: Against M5 momo but with H1 ZL. I got the biggest problems with trades like this one

out -9

Back again

not going my way at all

out -4 - I need to step back

[inprogress]

Oh, I finally got this



already out with +21 here:

[aliassmith]

Oh, I finally got this



already out with +21 here:

I struggled most of the morning but this trade got me right

[inprogress]

The really cool part is that I've lost 13pips on a good trade

[inprogress]

Oh, I finally got this



already out with +21 here:

I struggled most of the morning but this trade got me right

Ye! In retrospect is was a great setup but as always finding an entry while it was forming was a struggle.

STRUGGLE



Oh and alias may I ask, where did You get out?

[inprogress]

Cute how it's bouncing between sup and res now.

[inprogress]

GOLDMINE

There were 6 chances (7 now) to put on really good trades with minimal DD form that reaction to D1 ZL. I only took second and the third one for total of 25pips because I was still waiting to long some more.

I need to start trading what I see.

Anyone was shorting with me?