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July 8th, 2013, 12:30 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Adjusted the target to EoS 15m, which is greater than 41 ticks.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
July 8th, 2013, 12:37 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Starting to think being long is the right play for today.
Holding R-Zone's on all time frames.
July 8th, 2013, 12:42 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Fuck, or was I suppose to redraw the trend line on the 15m?
I'm confused with "what happens if you miss the first entry, but then it gives you a 2nd chance entry with also a valid redraw"
July 8th, 2013, 12:48 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
My guess is stopped out, prices going higher.
July 8th, 2013, 01:01 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Appears to be turning bearish , but while journal ling, the price popped to 37-38, not looking good.
Came within 2 ticks of getting stopped out when it traded 45's
July 8th, 2013, 01:05 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
15m starting to look like a bowl of spaghetti with that white trend line I've drawn to show what the chart would look like.
July 8th, 2013, 01:20 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Ok, I'm convinced, I have no clue how to use trend lines to enter trades.
Stopped out.
July 8th, 2013, 01:41 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
I'm hoping Support will resend the message I sent regarding Trend Lines, Breaks, Closes and Redraws as I'm seriously confused about those rules and concepts.
If they send my message back to me, i'll post what I sent them here as an edit.
Quoting
I'm getting confused as to when a break and close of a trend line is a potential trade or just setting up for a valid redraw.
I've marked on the 15m chart the red trend line as a trend line that was in place along with the magenta. When I noticed it broke and closed below the red trend line, my mind shifted to short, when the bigger picture was saying pull back. The next two 15m candles, without knowing the exact entry rules look like Kiss the Trend Ling Goodbye entry.
It was after being in a short on sim, I started to talk to myself and said there is a valid redraw IF not in a trade, but I may not be in a valid trend line short to begin with.
A bigger picture look with the higher time frames.
My thought process BEFORE the red trend line break and close was look for a
pullback into the 15m R-zone for a long entry. Then when the trend line break and close happened, my thought process shifted. Did I just do a candle by candle change or plan? When I did the candlestick math on all time frames, I was starting to see being short was the wrong call.
July 9th, 2013, 03:13 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
No trade days for me cause of work.
July 9th, 2013, 09:47 PM
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks Given: 2
Thanks Received: 35
Trend lines and levels updated.
Last Updated on August 12, 2013