ZLine Coaching

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Jalarupa
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Postby Jalarupa » Fri Dec 10, 2010 3:33 pm

scratty wrote:Thanks Jalarupa. Congrats, those are nice trades.

I have Q's on the following interessting text on your chart:
Current Leverage is 4x2% looking to hit it with a big stick! Like MO says get leverage out quickly as CC's close over lines..

1. How do you calculate "current leverage"
2. What does hit the leverage with a big stick (Momo) mean?
3. Does it mean to get the leverage out quickly when cc's close over/under a line against your position?

Im sorry for the probably very stupid questions. But i think there are important messages behind it for me! Thanks already!


:oops:
Well Current leverage is my risk % multiplied by the current open positions I have on book...

1 We at 5x2% until I closed one of the 2% off for my daily target of over +5 MPIP(+6.2)

2 Hitting it with a BIG STICK is when you get yourself into enough profit cushion to warrant some aggression... The way I understand MO's style when its time to hit the button you must HIT IT! :evil:
With ya profit cushion in tact you can get aggressive and just keep playing the larger time frame game (which is where we all wanna be really). I just ensure I keep bagging pips at 2% to build up more cushion for my stop losses...

3 well basically I look to see if CC's close over a line... if they do then I get interested...Like today the CC's closed below the Daily Open (A HUGE line for me) and then My bias was strongly short... Keeping my average above daily open I ensured I only took a small amount of heat for a trade that is currently sitting at +12.5% and I've banked 2.5%.

I have the idea along with others on Kreslik that the Euro is in s**t... so I'm gonna keep my trades over the weekend and see if I can perhaps sell a pullback If price can close below a line on a H4 chart... (which I hope for) Otherwise I'll take some profits leaving a profit cushion and get aggressive again with the shorts when price starts heading that way convincingly again...

I donno... I'm still new to the whole concept of currency trading and I am fortunate to be mentored by the best in the business on this website, so thank you all for your invaluable input and guidance.

Bern

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Jalarupa
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Postby Jalarupa » Fri Dec 10, 2010 3:39 pm

scratty wrote:Hello Hello Hello Hello:roll:

I feel like im talking to myself during London-Session... hope when the US wake up now, there will be more action in the forum


I was waiting patiently for the US to confirm my shorts on the EU... it was beautiful! Welcome Welcome! :D

I'm sure Ajay and possibly you too were riding the wave down with me ;)

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scratty
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Postby scratty » Fri Dec 10, 2010 5:52 pm

Jalarupa wrote:
scratty wrote:Hello Hello Hello Hello:roll:

I feel like im talking to myself during London-Session... hope when the US wake up now, there will be more action in the forum


I was waiting patiently for the US to confirm my shorts on the EU... it was beautiful! Welcome Welcome! :D

I'm sure Ajay and possibly you too were riding the wave down with me ;)
No, i didnt find my entry on that move:-(

...but made some smaller move profits today. So im ok with it ;-)
Lose professionally!

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Postby MAXiMUS_ » Fri Dec 10, 2010 9:54 pm

Go rest a bit guys :) Monday will come fast so take a deep breath this weekend :)

I'm reading you all but first I need to go trough whole z-line topic by Luxx and then maybe I will post something.

Good Luck
"It is stupid to fight a battle that you cannot win, and you cannot win unless you have properly planned for it". - Sun Tzu, The Art of War

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z-line?

Postby MAXiMUS_ » Sun Dec 12, 2010 12:40 am

Hiya, this is entry / exit on cable M15 chart... Is it good or bad ?
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2010.12.11GK01.gif
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"It is stupid to fight a battle that you cannot win, and you cannot win unless you have properly planned for it". - Sun Tzu, The Art of War

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Postby scratty » Sun Dec 12, 2010 5:52 pm

MAXiMUS_ wrote:Hiya, this is entry / exit on cable M15 chart... Is it good or bad ?
nice one maximus. Whent with Momo/MZ, closed wick on zline...
from my point of view: A+
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Postby Xwing76 » Mon Dec 13, 2010 11:47 am

Good thread, would like some constructive criticism. Just entered short I post result later see how it went



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Postby Xwing76 » Mon Dec 13, 2010 12:20 pm

Out -6 pips after close of this large 15m candle, probably mistake trading against 4h momentum


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Postby Xwing76 » Mon Dec 13, 2010 3:25 pm

Annoying picked the wrong pair, I had all these lines marked out this morning and it played out perfectly to the PIP!!

Short off h4 extreme could have added when support becomes resistance and hits target z line to the PIP



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Postby scratty » Tue Dec 14, 2010 10:34 pm

hey jalarupa

wanted to post an answer to this long time ago. Im kind of busy (swiss army). And drunk, so sorry for low niveau :oops:

For 1) This is very straight forward. It is your total risk exposure. 5 Positions with 2% Risk means 10% Risk total. But with profit cushion and time to exit before s**t hits the fan...

For 2/3 im to drunk to think about it ritght now. But i want to come back to these twos... :lol:

Jalarupa wrote:
scratty wrote:Thanks Jalarupa. Congrats, those are nice trades.

I have Q's on the following interessting text on your chart:
Current Leverage is 4x2% looking to hit it with a big stick! Like MO says get leverage out quickly as CC's close over lines..

1. How do you calculate "current leverage"
2. What does hit the leverage with a big stick (Momo) mean?
3. Does it mean to get the leverage out quickly when cc's close over/under a line against your position?

Im sorry for the probably very stupid questions. But i think there are important messages behind it for me! Thanks already!


:oops:
Well Current leverage is my risk % multiplied by the current open positions I have on book...

1 We at 5x2% until I closed one of the 2% off for my daily target of over +5 MPIP(+6.2)

2 Hitting it with a BIG STICK is when you get yourself into enough profit cushion to warrant some aggression... The way I understand MO's style when its time to hit the button you must HIT IT! :evil:
With ya profit cushion in tact you can get aggressive and just keep playing the larger time frame game (which is where we all wanna be really). I just ensure I keep bagging pips at 2% to build up more cushion for my stop losses...

3 well basically I look to see if CC's close over a line... if they do then I get interested...Like today the CC's closed below the Daily Open (A HUGE line for me) and then My bias was strongly short... Keeping my average above daily open I ensured I only took a small amount of heat for a trade that is currently sitting at +12.5% and I've banked 2.5%.

I have the idea along with others on Kreslik that the Euro is in s**t... so I'm gonna keep my trades over the weekend and see if I can perhaps sell a pullback If price can close below a line on a H4 chart... (which I hope for) Otherwise I'll take some profits leaving a profit cushion and get aggressive again with the shorts when price starts heading that way convincingly again...

I donno... I'm still new to the whole concept of currency trading and I am fortunate to be mentored by the best in the business on this website, so thank you all for your invaluable input and guidance.

Bern
Lose professionally!

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