DislikedAny questions on the new setup? I will start posting trades with SL and TP levels using the ZIGZAG.
Let me know if you have questions.
ThanksIgnored
Surfing the Channel 57 replies
Forex Surfing 11 replies
Fibonacci Surfing 0 replies
Trading/Surfing 15 replies
DislikedAny questions on the new setup? I will start posting trades with SL and TP levels using the ZIGZAG.
Let me know if you have questions.
ThanksIgnored
DislikedAny questions on the new setup? I will start posting trades with SL and TP levels using the ZIGZAG.
Let me know if you have questions.
ThanksIgnored
Dislikedwould be interesting to see an axample how the zig zag will confirm that the price is heading in to the direction of the bigger channel. Thanks.Ignored
DislikedI suppose entry is only after closed candle.
Where are sl and tp levels?
I see 2 sensible sl : very tight one and right below (above) last swing low (high).
1st sensible proft target for me would be midlineIgnored
DislikedI think these 2 following maxims pretty much sums up your trading main idea:
"Trade with the trends, rather than trying to pick tops and bottoms."
"In uptrends, buy the dips; in downtrends, sell bounces."
What you basically did here is provided a set of rules that define in which way is the trend and then when bounce or dip has been hopefully reached.
Now... can I ask what's your opinion about these 2 maxims? Do you use these and if so then how...(Keep it short, I don't want it to go off topic)
"A buy signal that fails is a sell...Ignored
DislikedYes, question here. Do you also wait for the NLZZ to line up - pointing down for a long and up for a short?Ignored
DislikedI don't really get what triggers your entry.
I see: downward channel (ok); supply area (ok); but that trend shift thing isn't clear to me. Well at least in examples you provided before I saw something else.Ignored
Dislikedbut...
"We then take trades in a downtrend ABOVE the daily mid line and in a uptrend BELOW the daily mid line."
Or rules are meant to violate them?Ignored
DislikedIt is above. Its not WAY above, but it was above. This was a textbook trade. If you took the trade at the supply level and put the stop above the pivot your risk/reward was great and the trade worked just as it should have.
For those keeping track. I hate to pat myself on the back but for all the trades I've posted, a chunk of them have worked out. Hopefully some people are taking note and trying to make some money. Remember, its not that hard...Ignored
DislikedIt is above. Its not WAY above, but it was above. This was a textbook trade. If you took the trade at the supply level and put the stop above the pivot your risk/reward was great and the trade worked just as it should have.
For those keeping track. I hate to pat myself on the back but for all the trades I've posted, a chunk of them have worked out. Hopefully some people are taking note and trying to make some money. Remember, its not that hard...Ignored
DislikedWell, I was referring to the trade you missed...
I agree that the trade you took was reasonable, logical and, besides, who is going to argue against success...?. What concerned me was the thing that I just didn't feel like it has anything to do with zig-zig indicator....
Actually this is the first time within this thread that I see you taking top-catching trade. And previously you gave arguments that touched subject of trading psychology - confidence. We now have more confidence or the opportunity was just too good?
It is a great thing if...Ignored
DislikedIm not sure I fully understand what you mean by "top-catching trade'.Ignored