Scratty ZLine model

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scratty
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Scratty ZLine model

Postby scratty » Thu May 27, 2010 6:36 am

Some thoughts? The last cutted arrow is the entry signal...

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Postby scratty » Thu May 27, 2010 6:54 am

Its not the same way MO, espip dragon described the ZLine. So dont mix it with the other ways...
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Postby TygerKrane » Thu May 27, 2010 4:13 pm

scratty wrote:Its not the same way MO, espip dragon described the ZLine. So dont mix it with the other ways...


Would you mind explaining where/why your thinking differs?

So I know you are using your thinking in marking up your pic. I noticed areas 1 and 2 (within the orange area that caught my attention first and foremost.) Could you explain why you passed these two over?

Image


Do you feel that restricting your entry to a line, rather than a zone helps decrease your risk? (I am assuming, it looks to me that your entry is based on the line of MOMO open...)

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Last edited by TygerKrane on Thu May 27, 2010 4:23 pm, edited 1 time in total.

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Postby scratty » Thu May 27, 2010 4:21 pm

Hi TygerKrane

Im looking at it not like a 0/50 Zone (MightyZone). I wait for the 0-Retracement to get in...

But area 2 on your pic is a 0-Retracement of the smaller M15 Candle could be taken too...
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Postby TygerKrane » Thu May 27, 2010 4:25 pm

oops, I edited my last sentence while you were replying. So you answered my last sentence question :)

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Postby TygerKrane » Thu May 27, 2010 4:27 pm

So would you be using a limit entry for the price to push through and trigger your entry,
or
a buy stop entry for price to pullback to you, get triggered and reverse going back long?

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Postby scratty » Thu May 27, 2010 4:33 pm

i wait one candle to wick the line and another to close in direction of profit
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Postby TygerKrane » Thu May 27, 2010 4:37 pm

Do you zoom in closer than M15 charts for entry?

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Postby scratty » Thu May 27, 2010 4:42 pm

yes i look on M5 too the signal are the same for M5/M15. The ZLine must be of H1/H4 mut the wick on the line and the body in direction of profit can occure on M5 or M15...
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Postby TygerKrane » Thu May 27, 2010 4:49 pm

Ok, well, I'm done. :) Thanks for the pleasant exchange :) Let's see what happens here next! :D

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