zapzinig wrote:Confirmation??? When price hits the zline after momo that is my confirmation. I enter at the zline price. If the bar closes against me then I look to exit at a better price than my stop (30 pips), most times you can get out at break even. If the trade is going to work out you will know right away.(you will be in profit)
-zz
Nice very nice.. I like your charts.. very very much but could u sometimes "circled" place where you entrer exacly? I watching your charts and I learnt a lot. Thanks. I will do what you did <backtest >
Es and Mo thanks for your last answers.. was very very good 4 me.. I see it now little diffrent than before..
ZZ look at this please.. This is my zl i see it like this.. is this zl good? <look at right side on the left there are some zl with diffrent TFs>
You use last ZL like a sup or res and u place your orders on zl lines? <or meaby u enter by "finger":>>
Every trade sets up differently. I just post what I see. You need to see it for yourself. Possibilities are there you need to find them and act on them.
Draw lines on your charts like you are doing and watch how the market behaves at those points in real time. See how many times an entry would have been successful. You will then have the answers.
--zz
mm ... believe me or not.. but this is one of best answer
thanks
Edit.. one more question. Lets see we are watching only one tf..lets say that is 4h tf. Ok... next lets say that we've some ZL .... but some of them are quite old. My question is: When zl is "unactive"?? <i hope u know what I say if not then I will paint it>
Shadik wrote: mm ... believe me or not.. but this is one of best answer
thanks
Edit.. one more question. Lets see we are watching only one tf..lets say that is 4h tf. Ok... next lets say that we've some ZL .... but some of them are quite old. My question is: When zl is "unactive"?? <i hope u know what I say if not then I will paint it>
the zline trade is for the next bar after the momo bar after that the zline becomes more of a s/r area. Some s/r areas are around for years. I try to use zline-zones with in the last 3 days.
What resourse do you recommend reading to get a foundation in z-lines?
Thanks
Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
I printed out the pictures you posted over the last few day and will study them tonight....
You have a very interesting technique to trading z-lines....
You get much more of the action and you know when you are wrong very quickly.......
Hmmmmmm
Excellent I say, excellent.
<backtest
on the left there are some zl with diffrent TFs>
