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

lukx · Post by **lukx** » Mon Nov 16, 2009 5:56 pm

LONG:

why:

lukx · Post by **lukx** » Mon Nov 16, 2009 6:46 pm

LOSS, and whole today profit form the first today trade went to dust.
It's like that every day of trading in my life. Whole day of watching charts, 2$ in plus and at the end -50cents.

lukx · Post by **lukx** » Mon Nov 16, 2009 7:19 pm

I think my mistake is that I should always wait for momo in direction I want to trade. Right now I'm jumping in at the tops or bottoms, when price is slowing down or doesn't make new hight or low but without momo in opposite direction there's no impulse that is showing change of flow.

es/pip · Post by **es/pip** » Mon Nov 16, 2009 7:49 pm

lukx wrote:I think my mistake is that I should always wait for momo in direction I want to trade. Right now I'm jumping in at the tops or bottoms, when price is slowing down or doesn't make new hight or low but without momo in opposite direction there's no impulse that is showing change of flow.

yes

that is what dragon and i have been saying to you

and i have said this i dont know how many times---" you cant just trade a zl bec it is there"

and mo has said " body in direction of profit"

-----------------

just bec you see that you are coming into an area you cant just take it bec it is an area--- you have to look at what is happening based on coming into that area

you just need to put all the pieces to the puzzle together

sometimes it looks like you are getting closer and then you make some trades that i have no idea where they came from

es/pip · Post by **es/pip** » Mon Nov 16, 2009 7:52 pm

lukx · Post by **lukx** » Mon Nov 16, 2009 8:08 pm

Ah, again I forget that wicked ZL is DONE = no more profit there.
Thanks again es/pip :smt023

lukx · Post by **lukx** » Mon Nov 16, 2009 8:15 pm

es just for learning purposes if you could take a look at this:
If I'm thinking right:

es/pip · Post by **es/pip** » Mon Nov 16, 2009 8:36 pm

daily

thinking that zl is where we are going, but the prev. pivot is the main factor right now

h1

the long trade was here

i am not thrilled with taking a long up here right now-- in fact i went short see m5 chart--- but my overall bias is long---for now----- want to see some new momo up somewhere to decide to take a long or not

m15

if you base a long off the m15 it most likely will find res. off the upper red zl

dragon33 · Post by **dragon33** » Mon Nov 16, 2009 8:56 pm

lukx wrote:I guess it would have been good trade if I set my SL correctly. Anyone has any advice how to setup SL the right way?

Just use the low of the previous candle or the low of the candle that creates the zeroline

spa · Post by **spa** » Mon Nov 16, 2009 9:28 pm

es/pip today's example on gbpusd is exactly what i see often and thus fail at getting into trades... price went into the 1h MZ and formed PA like A, and i look more for a B type of setup, would you enter later and higher when B occurs or what?