Jekell and Hyde trading

[LeMercenaire]

My attempt from today was a bit crappy.
Price wicked the zline, reaction and then BOOM straight to the other side.

Do you think it’s more because of the target (I should’ve taken money) or that I just picked the wrong side?

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7082A6AF-C13E-4825-93BF-9C8958507AFC.png

Gold can be a tough market. That's why in a large firm, there will be someone who trades nothing but gold.

There is often no sign of any intelligent life for long periods of time and then boom, off it goes on a long, smooth run. The problem is having the stamina to sit through all the waste-of-space stuff to get to the seam.

Also, whereas with other markets, you can often find ways and opportunities to trade these fallow periods between the biggies. With gold, it often makes no sense at all to anyone using the regular tech.

I had gold on The Dead Zone but other than that, I very, very, rarely trade it.

[Mr. Hyde]

My attempt from today was a bit crappy.
Price wicked the zline, reaction and then BOOM straight to the other side.

Do you think it’s more because of the target (I should’ve taken money) or that I just picked the wrong side?

354FFAA0-642A-422E-8701-02275BD7C710.png

7082A6AF-C13E-4825-93BF-9C8958507AFC.png

Alright Mira I don't really see what your seeing in your charts. So im gonna impose a rule on you for posting in my thread, about zline trades. It has to be a clear momo bar closing past a pivot on a 1hr or 4hr chart. Then draw a horzi line. Then wait for price to return to the line and drop down to the 15m chart and show me what your entry trigger was. Also pick a semi normal currency and not some rubal against star wars dollars or some s**t. Look at these freaking GN trades. Almost 200 pips and the 2nd trade was literally a freaking pole trade. WHY THE **** DO YOU PEOPLE NOT TRADE POLES!!!!!!! Hey fine by me. More money in my pocket.

[Mr. Hyde]

My attempt from today was a bit crappy.
Price wicked the zline, reaction and then BOOM straight to the other side.

Do you think it’s more because of the target (I should’ve taken money) or that I just picked the wrong side?

354FFAA0-642A-422E-8701-02275BD7C710.png

7082A6AF-C13E-4825-93BF-9C8958507AFC.png

Well I can't tell exactly by your charts but if the risk was $3 and it moved $6 in your favor it seems that would be an opportunity to make money.

Edit; Just throwing a guess out there but I bet over 90% of the discussion on forums has to do with entering a trade when exiting is a vital part of being profitable.

So many people will read this and just gloss over it. The exit is a 1,000 times harder for me (unless its a measured move).

[Mr. Hyde]

My attempt from today was a bit crappy.
Price wicked the zline, reaction and then BOOM straight to the other side.

Do you think it’s more because of the target (I should’ve taken money) or that I just picked the wrong side?

354FFAA0-642A-422E-8701-02275BD7C710.png

7082A6AF-C13E-4825-93BF-9C8958507AFC.png

Gold can be a tough market. That's why in a large firm, there will be someone who trades nothing but gold.

There is often no sign of any intelligent life for long periods of time and then boom, off it goes on a long, smooth run. The problem is having the stamina to sit through all the waste-of-space stuff to get to the seam.

Also, whereas with other markets, you can often find ways and opportunities to trade these fallow periods between the biggies. With gold, it often makes no sense at all to anyone using the regular tech.

I had gold on The Dead Zone but other than that, I very, very, rarely trade it.

Love learning lil tid bits like this from you.

[Mr. Hyde]

Its like they want you to take their money.

[Mr. Hyde]

Step by step zline trade and some special things to note.

Look how on the 1hr chart the zline is created by 3 progressively large bars. Shows a strong area of demand for me. So I really like that as a possible turning point. So then price gets there and we jump donw to the 15m chart. You have that massive momo bar down, followed by another strong bearish bar that almost closes on its low, but cant close past the lowest low (hint 1). Then we have a bullish bar that closes strong and past the 50% of the last bearish bar (hint 2). Then we have a doji. Then we have another strong bullish bar that's body is 2x the previous one followed by the next bar that wicks you in. Its a perfect example of a zline trade. Don't over complicate this s**t until you can walk. s**t until you can crawl. If you do, your gonna lose and your gonna be back here next year posting charts about the new style of trading you jumped to this week that you finally see everything and how perfect it is. Hey its your choice. Winning and making money. Or losing. Its 100% your choice. Either is avaible to you.

[Mr. Hyde]

There is also a measured bar on the 4hr GU. we are at candlestick 26 stuck inside it. Looking for a breakout by the 29th. I love when these play out.

What did I freaking tell you. I love these things. Not only do they tell you we are in congestion and are gonna be there for a while, you almost know when the breakout is coming (broke out on the 28th bar). Plus the breakout is normally a momo bar, that gets retested. So you have the breakout to play. Back into the momo bar Lem style (DWZ), but then you have the zline play back out. that trade was my week. Hell if I wasn't so greedy that could have been my month. They don't happen often, or at least I don't see them often, but they pay awesome.

[LeMercenaire]

There is also a measured bar on the 4hr GU. we are at candlestick 26 stuck inside it. Looking for a breakout by the 29th. I love when these play out.

What did I freaking tell you. I love these things. Not only do they tell you we are in congestion and are gonna be there for a while, you almost know when the breakout is coming (broke out on the 28th bar). Plus the breakout is normally a momo bar, that gets retested. So you have the breakout to play. Back into the momo bar Lem style (DWZ), but then you have the zline play back out. that trade was my week. Hell if I wasn't so greedy that could have been my month. They don't happen often, or at least I don't see them often, but they pay awesome.

For sure it's a great feeling when all the cards just fall right. Nice one.

[Mr. Hyde]

There is also a measured bar on the 4hr GU. we are at candlestick 26 stuck inside it. Looking for a breakout by the 29th. I love when these play out.

What did I freaking tell you. I love these things. Not only do they tell you we are in congestion and are gonna be there for a while, you almost know when the breakout is coming (broke out on the 28th bar). Plus the breakout is normally a momo bar, that gets retested. So you have the breakout to play. Back into the momo bar Lem style (DWZ), but then you have the zline play back out. that trade was my week. Hell if I wasn't so greedy that could have been my month. They don't happen often, or at least I don't see them often, but they pay awesome.

For sure it's a great feeling when all the cards just fall right. Nice one.

I get the funny feeling those card fall right for you a lot, haha. Also did you just sell the Euro. Geez.

[Mr. Hyde]

Would love to hear everyones answer to this question. Would have bought the pound where price turned at the blue line and the 50% retrace. I didn't. Nothing in my trading plan would have given me enough reasons to. BUT. I think it was a very good buy and offered a nice profit.