PA, S/R, ZL, EXTREMES & MOMO

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StillFX
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Postby StillFX » Wed Feb 23, 2011 4:04 pm

Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it :-(

here is a chart and how i think :

Image

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:12 pm

StillFX wrote:Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it :-(

here is a chart and how i think :

Image


That is 100% right.

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:13 pm

Out GU +6...stupid trade

karol
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Postby karol » Wed Feb 23, 2011 4:13 pm

StillFX wrote:Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it :-(

here is a chart and how i think :

Image



That's how I see this StillFX:

Image


Your blue rectangle is a valid Mighty Zone. I think Buy Zone refers to TRO's teaching.

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:14 pm

Long EU at 56 Stop at 47

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StillFX
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Postby StillFX » Wed Feb 23, 2011 4:15 pm

Thanks for helping :-)

@ Karol : The Horizontal Lines are means Zlines ? looks like S&R ?

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:16 pm

Stop moved to 50

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:20 pm

StillFX wrote:Thanks for helping :-)

@ Karol : The Horizontal Lines are means Zlines ? looks like S&R ?


ZLs/Zones/MightyZones are nothing more than the first 50% portion of the momentum bar. That represents the breakout area where supply/demand was initially in balance and then an imbalance occurred that caused a breakout and the momo bar.

Price normally retraces to the 50% portion essentially ZEROING out all the traders from the breakout and continues on its normal path...thus the name ZL...again, if you want to trade ZLs you need to read all of the lukx zl log thread and all posts made by dragon33, mightyone, and es/pip...then I guarantee you that you will not have any questions about the trade method.

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es/pip
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Postby es/pip » Wed Feb 23, 2011 4:20 pm

ajaymein wrote:Long EU at 56 Stop at 47


that was nice right off that m5 demand area

and had a zl off the m5 right on top of it

not in it


im done

lol
Bend over and assume the position for another 4 years of hope and change.

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ajaymein
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Postby ajaymein » Wed Feb 23, 2011 4:20 pm

Stop at BE

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