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

[TygerKrane]

My trade from today. Good for 23 pips. Price is still stalling in that area.

Did you enter this candle, or was it one of the two right after it.




Thanks

I entered 2 after that momo candle (the last M15 of the H1). It was the one that reached the price I wanted to sell.

Hi cfabian,
So just to be clear, for this particular entry it wasn't a rat reversal on a smaller timeframe why you entered, you entered because you made a line and you saw it getting wicked?

~Krane

[TygerKrane]

what do you think of this:



now it is +4

poltergeist,
Your pipsware minicharts aren't working, all the different timeframes are showing the same chart.

They are all displaying M15 data.

~Krane

[TygerKrane]

My trade from today. Good for 23 pips. Price is still stalling in that area.

Did you enter this candle, or was it one of the two right after it.




Thanks

noushina,
What program do you use to markup the pics?

Thanks,
~Krane

[noushina]

snagit

For the zoom-in, I took a snagit screen grab after I zoomed in on the snagit editor

[cfabian]

dragon, do you use m15 or m5 for your entries? i often find m15 too late when price moves away fast from a zline.

in the image attached you see the problem. if i would have entered at the break of that green candle (marked with an arrow) my stop would have been candle around 20-30 pips while my next take profit only was 15 pips away. do you take these trades with m5? with m5 my stop would have been around 15 pips.

how did you trade the example from today or how would you have traded it?

thanks!!

Freak,
Let's wait for Dragon to answer that, but just for you to keep in the back of your mind not all trades work out all the time. There's winners as well as users, and the trick here is to be able to cut the losers and let the winners run. Don't try to aim for small pips, try to go for 2x or more what you risk (I know its hard and I'm in my way to do that as well ).

[cfabian]

My trade from today. Good for 23 pips. Price is still stalling in that area.

Did you enter this candle, or was it one of the two right after it.




Thanks

I entered 2 after that momo candle (the last M15 of the H1). It was the one that reached the price I wanted to sell.

Hi cfabian,
So just to be clear, for this particular entry it wasn't a rat reversal on a smaller timeframe why you entered, you entered because you made a line and you saw it getting wicked?

~Krane

Tyger,
I entered because I saw this:

- Top of the day
- Resistance on higher TF
- H1 reduced its size significantly (lost momo)
- 15M building up momo
- H1 short candle building up "nicely"
- Entered when my line got wicked

Was aiming for longer trade, but price stalled in that area.

Hope it helps.

[cfabian]

Currently in this one:

[cfabian]

Currently in this one:

Closed my trade with +3. H1 closed over the open of previous H1. H3 didn't go beyond previous' bottom. Didn't like price action overall. Too slow today.

[dragon33]

dragon, do you use m15 or m5 for your entries? i often find m15 too late when price moves away fast from a zline.

in the image attached you see the problem. if i would have entered at the break of that green candle (marked with an arrow) my stop would have been candle around 20-30 pips while my next take profit only was 15 pips away. do you take these trades with m5? with m5 my stop would have been around 15 pips.

how did you trade the example from today or how would you have traded it?

thanks!!

I just never switch that fast from shorting to long and i never trade bars that are bigger as 20 ticks

[pablo101]

EDIT: exited that last long quick sharp, only lost the spread there