ZL, D+ extremes, TL breaks, cones

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thepark
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Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Mon Jan 11, 2021 2:27 pm

Hi guys - I shorted near the first arrow but exited at the 2D ZL at 126.80 as it stalled a bit.

Would you have held the short there? I wanted to hold to 126.31, the lower green line. What clues can you see?


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aliassmith
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Re: ZL, D+ extremes, TL breaks, cones

Postby aliassmith » Mon Jan 11, 2021 11:09 pm

thepark wrote:Hi guys - I shorted near the first arrow but exited at the 2D ZL at 126.80 as it stalled a bit.

Would you have held the short there? I wanted to hold to 126.31, the lower green line. What clues can you see?


Image


I'm not sure about clues but when in doubt pull some out. I can't count how many times I would have been better off closing out and re-enter at a better price. MightyOne scolded me on that in the past. I said I made 10 pips. He would say you could have made 20 by re-entering at a better price.

Price advances and returns most of the time. In addition to measuring, if you place .01 lot and observe its behavior in real time you can learn a great deal about market behavior.

I feel greed and expectations can cloud better statistically sound management processes.
Trade Your Way as Long as It Makes Money!


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