Never Lose Again

[cfabian]

Hey Lukx, this trade had the potential for 175 pips. Very Nice.

I got screwed all over. Another demo blown out. Will post latter.

so would this trade be okay based on 15m candle building up and taking trade?

[cfabian]

Ok,
First I saw low opportunity with great deal of held profit (targets are the upper yellow lines, as well as possible areas to short trades). Once the candle in the red square broke the yellow line, I set a limit order to enter the trade in the retracement. It didn't come back.

In cases like this, when it doesn't come back on the next candle, how you suggest to trade it in order to NOT MISS the trade, and most important, NOT CHASING the trade????????

Price ended up rising fast, as there were news coming up.

[lukx]

regarding today drops I think I know what big boys are planning...
guess what tomorrow are ADP Non-Farm Employment Change news and when truth will come out USD will fall hard so they bring up the price to make even more money!!! I guess I will keep my long here till tomorrow and see what happens

[es/pip]

Ok,
First I saw low opportunity with great deal of held profit (targets are the upper yellow lines, as well as possible areas to short trades). Once the candle in the red square broke the yellow line, I set a limit order to enter the trade in the retracement. It didn't come back.

In cases like this, when it doesn't come back on the next candle, how you suggest to trade it in order to NOT MISS the trade, and most important, NOT CHASING the trade????????

Price ended up rising fast, as there were news coming up.

sometimes you just miss it

i wouldn't have gotten in on that, if i was wanting to go long and watching that pair



cant catch em all

[PTG]

regarding today drops I think I know what big boys are planning...
guess what tomorrow are ADP Non-Farm Employment Change news and when truth will come out USD will fall hard so they bring up the price to make even more money!!! I guess I will keep my long here till tomorrow and see what happens

I try to stay away from expectations based on considerations like that. I believe you will have to be fully in the know in order to be able to see through the fog. Main point being that if markets move for whatever reason, momo will appear. Position yourself and off you go

[Fxtraveller]

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions.

Price took off higher so much because there was an old Zline (Target 3)

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated.
That is where you should have entered first time.

[Fxtraveller]

cfabian,

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions on M5/M15.

Price took off higher so much because there was an old Zline (Target 3) + too close to previous Day Low.

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated. we both considered it, and correctly.
That is where you should have entered first time.

But I never thought of the lower yellow line, I look at D1 to help me trade the H1.

Try looking at H1 to trade your preferred smaller TF.
All the best.
FxT.

[cfabian]

Thanks Fxtr...
Here's how it looked like on M5. Have we entered right at the mentioned line, would have been a "blind" trade with a limit order, as there was no short momo built up (it was on M1).

Those 3 trades you can see, the first I was trying to get pips on the reversal, quick trades, I was at +16, but it bounced up again so fast I could only protect +1 (good thing as it went up again for about 40).

Second one was a 2nd attempt good for 7 pips. I should've hold.

Third was thinking the move up would continue when price hit the ZL formed at the bottom of the biggest up momo. Spread and speed didn't allow me to get better price. Closed it with +1 as it didn't get more momo as expected.

Should I listened more carefully to H4 I would have stayed longer on short trades and won't have traded that last long. Honestly I didn't trust that H4 momo as price was already coming up from that big short, back from 150.45 which ZL the up move from moment's current daily low and considered it would go up to 153.00

Daaaahhhh, stop thinking and trust what you see !!!!!!!!!!

cfabian,

MO suggests that you cant be fooled on all timeframes.

Look at H1/H4 to help you with your decisions on M5/M15.

Price took off higher so much because there was an old Zline (Target 3) + too close to previous Day Low.

My Mighty zone (MZ) commences RIGHT where your upper yellow line is situated. we both considered it, and correctly.
That is where you should have entered first time.

But I never thought of the lower yellow line, I look at D1 to help me trade the H1.

Try looking at H1 to trade your preferred smaller TF.
All the best.
FxT.

[Fxtraveller]

cfabian, es/pip. dragon, MO and everybody using Zlines....

I think one may compare discretionary zline trading as learning the alphabet to learn a language. We all trade zlines differently....

We have learned the Latin alphabet, the base, but now it seems to me that cfabian talks- french, espip- italian, dragon- spanish, etc.....

I disagree with quite a few trades that i see from posts, I mostly agree with es/pip, but not all the time, yet I learned mostly from him.
and yet everybody manages to see profit (some more often than others =] )


Best to keep posting and learning from each other.
I hope I can contribute as much as anybody in the near future. And especially to myself once I start this concept on a live account...

[aliassmith]

2 trades today in my trading timeframe

The first was a short MZ trade S/R and it went long to
my 9 pip SL

The second was a short MZ trade S/R and it went to my
30 pip target and some, oh well