lukx zline trading log + cfabian p.35 + adaseb p.48

gfg1 · Post by **gfg1** » Wed Jan 20, 2010 4:03 pm

IN-XS wrote:What custom candle indicator is it that you guys are using that allows you to change the style of the line, so its not solid? If it's ok, could someone post it please?

candles_m-Candles_m_TRO_Modified

IN-XS · Post by **IN-XS** » Wed Jan 20, 2010 4:06 pm

They are still going down I am going to have to write on my arm "must hold onto trades longer" lol!

IN-XS · Post by **IN-XS** » Wed Jan 20, 2010 4:07 pm

Thanks gfg1 I will have a look for it in Tro's motherload's!

dragon33 · Post by **dragon33** » Wed Jan 20, 2010 4:08 pm

IN-XS wrote:What timeframe's does everyone view to take their trade? I know most people use either 5M or 15M to enter, but once you are in on the trade, do you continue viewing the lower timeframe's or do you follow the trade from the 1H or 4H? Thanks in advance for your answer's.

The entry frame is the most important except for people who expect to get more pips. I prefer to enter on the M15 and target the H1. I don't like to have trades open during my sleeping time.

IN-XS · Post by **IN-XS** » Wed Jan 20, 2010 4:13 pm

Thank you Dragon for your reply. I have been looking at the 1H, but chicken out on what would have been good trades. I am determined to get this right!

dragon33 · Post by **dragon33** » Wed Jan 20, 2010 4:14 pm

gfg1 wrote:Have been following this thread for a while. Thanks to all, especially Dragon for painstakingly helping the faint of heart. Here is my first go at implementing what Dragon has preached. Hope am on the right track. Problem was, chickened out way too early with only 5 pips.

Based on Dragon's prior comment, the 4 hour had a sema on the bottom indicating to go long. On 15 minute the trigger was at 1.6265. The target was the 4 hour MZ of 1.6282.

Thanks to all for the help.

Pitty you chickened out but hey well at least you picked the right entry, holding on is something you need to learn on your own!
I really suggest you should targeting the H1 instead of the H4 because the H1 will probably happen the same day but H4 can take a while before reaching while you leave a lot of other pips on the table.

dragon33 · Post by **dragon33** » Wed Jan 20, 2010 4:16 pm

adaseb wrote:CRAZY DAY!!!!!! 100 pips already.

This Dragon33 method works great

Of course it works otherwise i wouldn't use it myself ;-)

adaseb · Post by **adaseb** » Wed Jan 20, 2010 4:19 pm

Still trading the Dragon33 way

dragon33 · Post by **dragon33** » Wed Jan 20, 2010 4:22 pm

IN-XS wrote:Thank you Dragon for your reply. I have been looking at the 1H, but chicken out on what would have been good trades. I am determined to get this right!

Holding your trades is a learning process! It takes some time. Just build your account and instead of increasing the lotsize you can hold longer.

Just seek your way what fit you the best!

It's nice to see people are making real pips on a consistent way :-)

)

IN-XS · Post by **IN-XS** » Wed Jan 20, 2010 4:23 pm

Nice adaseb! I dont know about you, but I love this method of trading, it suits me more than any of the other trading style's I have tried. Again thank you Dragon for this and for all your help, you are a legend!