looking for a move up to .3758 off this h1 momo
was long off the last h1 momo up to 3744
.3758 is the next res. i see for this next push up
PA, S/R, ZL, EXTREMES & MOMO
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Hi everyone , it's my first post on this forum ,although I've read it for couple of weeks . I want to learn Zl trading metod and as we know it is advisable learn from our mistakes , that's why I show you my morning trade on cable .
It was my fault ? That situation could be anticipate ?
p.s I'm sorry for my bad English , but i'm still learning .
It was my fault ? That situation could be anticipate ?
p.s I'm sorry for my bad English , but i'm still learning .
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Last edited by fxdream on Wed Feb 23, 2011 1:43 pm, edited 1 time in total.
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fxdream wrote:Hi everyone , it's my first post on this forum ,although I've read it for couple of weeks . I want to learn Zl trading metod and as we know it is advisable learn from our mistakes , that's why I show you my morning trade on cable .
It was my fault ? That situation could be anticipate ?
p.s I'm sorry for my bad English , but i'm still learning .
There is nothing wrong with that trade, I MIGHT have taken it myself if I was awake. I am not sure where you put ur SL or where u entered, but at the point I would have entered, I would have seen max +20 pips at which point my stop would already be at BE.
The reason I say might is bc if you look to the left of your chart, you will see the swing high turned into support right after your MOMO entry candle and reversed with a 2 bar PB which is at times just as good as a momo candle.
Hope that helps...read the lukx ZL thread, everything you need to learn about ZLs should be there if you read the whole thing. This thread may not be the best place to learn as I think es/pip created this just to post trades, not for teaching.
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