PA, S/R, ZL, EXTREMES & MOMO

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ajaymein
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Postby ajaymein » Tue Mar 08, 2011 3:38 pm

Took +11 on this...if that white bear 5m candle would have closed lower below the open of the previous candle, I wouldn't have taken the trade. But price didn't close lower, so I went for H1 ZL

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I had my units filled in and button on the BUY with this one on USDCAD, but I'm not gonna lie, I chickened out bc the down move was so fast an furious.

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ajaymein
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Postby ajaymein » Tue Mar 08, 2011 3:41 pm

ajaymein wrote:GU headed for 100 pip drop


Dropped straight to D1 ZL for around 100 pips so far as suspected...to bad I didn't trade any of that. :roll:

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Postby ajaymein » Tue Mar 08, 2011 3:46 pm

Short eu bc of H1 zl
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Triggered off M5 BC candle closed lower

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Postby ajaymein » Tue Mar 08, 2011 3:54 pm

Going have to exit EU short on retrace after this hourly closes...

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ajaymein
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Postby ajaymein » Tue Mar 08, 2011 4:15 pm

The way GU is setting up is keeping me from bailing on this...and dollar index into hourly zl

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Postby ajaymein » Tue Mar 08, 2011 4:24 pm

Out -5

Humble
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Postby Humble » Wed Mar 09, 2011 2:44 am

In terms of Z/L, S&R and Extremes as used by es/pip, any suggestions on how I've drawn this chart? (I have 4hr lines on a 1hr chart)


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Is price closing higher or lower than something? Simple yet powerful question. ..MO

FXfreak
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Postby FXfreak » Wed Mar 09, 2011 7:17 am

cfabian and humble, these are my lines. for today i would like to see a move south before we go long. i would use the lines at 35/46 for a long-entry.

but pa will decide if also a short would be possible. i would look for an entry near 23/40/57.

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karol
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Postby karol » Wed Mar 09, 2011 8:14 am

long


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EDIT: before I finished writing this post, my -20 SL was hit. This is madness.

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Postby FXfreak » Wed Mar 09, 2011 8:16 am

long 82

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