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

bredin · Post by **bredin** » Tue May 18, 2010 2:18 am

thanks dragon, that was glorious!

G.

Fxtraveller · Post by **Fxtraveller** » Tue May 18, 2010 10:04 am

My Humble +21 and +27 =]

Fxtraveller · Post by **Fxtraveller** » Tue May 18, 2010 10:08 am

Anybody identified this Zline yet?
obviously a zone, not an exact number

Post by **TheRumpledOne** » Tue May 18, 2010 11:07 am

Nice trading, fxtraveler!

prochargedmopar · Post by **prochargedmopar** » Tue May 18, 2010 11:51 am

Fxtraveller wrote:Anybody identified this Zline yet?
obviously a zone, not an exact number

Though there will many a trade-able bounces along the way, the nice round # of 50 should be a good one too. (look left)
One must take into account time of day(session), economic stimuli, market sentiment, and approach speed/distance to the level at the time order is placed. Both look good to me.

GO-GO Gadget psych levels!!

dragon33 · Post by **dragon33** » Tue May 18, 2010 1:29 pm

Target last trade was a bit higher but i was running out of time.
Same analysis like yesterday only without the drawings on the duka charts.
Missed the morning run because of a doctors visit. Knee is doing fine but a got another two weeks extra of illness ;-)

Fxtraveller · Post by **Fxtraveller** » Tue May 18, 2010 1:40 pm

TheRumpledOne wrote:Nice trading, fxtraveler!

Thank you kindly, Sir

your teachings of statistical advantages surely contribute to my trading

Lijing · Post by **Lijing** » Tue May 18, 2010 1:59 pm

Hi

dragon33, thank you for your explanations. However, how do you handle these situations?

Analysis

I used custom candles to mark this momentum. Then I saw that price would not close above the previous candle. So I entered short off the low of the red M15 bar at the price tag.

Uhm, what did I do wrong? :roll:

Lijing · Post by **Lijing** » Tue May 18, 2010 2:02 pm

Oh, I just saw price came down while posting...

But still it hit my stop loss before.

dragon33 · Post by **dragon33** » Tue May 18, 2010 2:08 pm

Lijing wrote:Hi
dragon33, thank you for your explanations. However, how do you handle these situations?

Analysis

I used custom candles to mark this momentum. Then I saw that price would not close above the previous candle. So I entered short off the low of the red M15 bar at the price tag.

Uhm, what did I do wrong?

I don't do uj but from what i can see on your H4 chart. Price is building up to highest area of your drawings. Just take every up candle H4 and then draw again and see. I know you will see you trading up to that high area.