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Zero Line Reject

  • #61
  • Sep 21, 2020 5:31am Sep 21, 2020 5:31am
This exploded chart is the reason behind the tweak. CCI had closed around 19.
Attached Image (click to enlarge)
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  • #62
  • Sep 21, 2020 5:46am Sep 21, 2020 5:46am
I would like to know if anyone else is having success with this.

Thx Reno
  • #63
  • Sep 21, 2020 5:55am Sep 21, 2020 5:55am
Hi Mello,

The concept behind the trade makes sense. Currently in a 5 min UJ which is working out. We'll see what the end result is, but at least with this approach there seems to be a fighting chance of hanging in there. Thanks for the suggestion and approach. Good job !!

WGT
  • #64
  • Sep 21, 2020 6:08am Sep 21, 2020 6:08am
Quoting wiseguytrade
Hi Mello, The concept behind the trade makes sense. Currently in a 5 min UJ which is working out. We'll see what the end result is, but at least with this approach there seems to be a fighting chance of hanging in there. Thanks for the suggestion and approach. Good job !! WGT
Thank you for the kind words WGT, but please understand I created nothing. I'm glad you found a winner. I stole the system. He instructs... make sure the 25... I noticed whipsaw 'frenzies' and decided to try a 2 bar minimum cross from the 50 cross.

Thank you for the comment,
Thx Reno
  • #65
  • Sep 21, 2020 6:12am Sep 21, 2020 6:12am
Thanks for the response Mello,

Here is the trade in current position. At least a BE if it comes back at me.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-09-21 at 6.10.36 AM.png Size: 253 KB
  • #66
  • Sep 21, 2020 6:13am Sep 21, 2020 6:13am
I am currently in with the 15m aussie dollar. It's been up 2R once already. My alerts are set.

Thx Reno
  • #67
  • Sep 21, 2020 6:21am Sep 21, 2020 6:21am
Quoting wiseguytrade
Thanks for the response Mello, Here is the trade in current position. At least a BE if it comes back at me. {image}
Great looking chart WGT. I'm gonna call that one a winner...
1. NY session
2. Your monster green candle, recent
3. perhaps more important, the smaller red candle before the monster green candle was re testing the range from 2 hours ago. LOL

Enjoy your morning, I'm a chart hack !! LOL

Thx Reno
  • #68
  • Sep 21, 2020 6:24am Sep 21, 2020 6:24am
Yes, things worked out pretty well for that trade. I do believe knowing where one is in relation to a prior move helps determine the probability of a trade evolving in a positive or negative direction.

Thanks again for your feedback, Mello.

WGT
  • #69
  • Sep 21, 2020 6:25am Sep 21, 2020 6:25am
WGT, price blew right past your TP.

CONGRATULATIONS are in order.

Great job !!

I saw it on my mt4.

Thx Reno
  • #70
  • Sep 21, 2020 6:29am Sep 21, 2020 6:29am
Quoting wiseguytrade
Yes, things worked out pretty well for that trade. I do believe knowing where one is in relation to a prior move helps determine the probability of a trade evolving in a positive or negative direction. Thanks again for your feedback, Mello. WGT
No problem on the feedback WGT, I'm thrilled it worked out for ya this morning. Thank you for sharing.

Winning is such a nice feeling.

Thx Reno
  • #71
  • Sep 21, 2020 6:32am Sep 21, 2020 6:32am
Trader friends, now THAT was fun... let's do it again soon. Rules have been edited and are on page 1. Easy Peasy.

Thx Reno
  • #72
  • Sep 21, 2020 6:33am Sep 21, 2020 6:33am
Currently in this USDJPY Buy on the 15min. I think I executed correctly how does it look? Moved stop up to minimize risk since price has moved alot.
Attached Image (click to enlarge)
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  • #73
  • Sep 21, 2020 6:35am Sep 21, 2020 6:35am
Wow that was quick!! my TP was hit while i was posting my first post! Got lucky, news hit that went in my favor. Next time I'll check first.
Attached Image (click to enlarge)
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  • #74
  • Sep 21, 2020 6:40am Sep 21, 2020 6:40am
Quoting Akolva1
Currently in this USDJPY Buy on the 15min. I think I executed correctly how does it look? Moved stop up to minimize risk since price has moved alot.{image}
Great looking chart AK, I hope you adjusted your stop way before you read this, it's making a deep retrace, you've got a great start. I would tidy up the entry just a little bit. Just like me, a bit more practice. This strategy is new. Anything profit is fantastic. The only thing, you could have entered a little bit sooner. Keep an eye on them stops too.

It looks great AK. Thank you so much for sharing.

Thx Reno
  • #75
  • Sep 21, 2020 6:44am Sep 21, 2020 6:44am
Quoting Akolva1
Wow that was quick!! my TP was hit while i was posting my first post! Got lucky, news hit that went in my favor. Next time I'll check first.{image}
Congratulations AK !! You don't need any of my help. LOL. You did great. Good looking chart too I might add.

Glad that one worked out, kinda gives you a rush when price reacts quick, right?

Thx Reno
  • #76
  • Sep 21, 2020 6:44am Sep 21, 2020 6:44am
Quoting melloyello
{quote} Great looking chart AK, I hope you adjusted your stop way before you read this, it's making a deep retrace, you've got a great start. I would tidy up the entry just a little bit. Just like me, a bit more practice. This strategy is new. Anything profit is fantastic. The only thing, you could have entered a little bit sooner. Keep an eye on them stops too. It looks great AK. Thank you so much for sharing. Thx Reno
Yes I agree my entry could have been tighter. My TP was hit before the retrace. Thanks for posting the strategy! Going to stick with it
  • #77
  • Sep 21, 2020 6:47am Sep 21, 2020 6:47am
Quoting Akolva1
{quote} Yes I agree my entry could have been tighter. My TP was hit before the retrace. Thanks for posting the strategy! Going to stick with it
You're welcome AK, thank you for checking it out. I hope it serves you well.

Thanks again Reno
  • #78
  • Sep 21, 2020 6:50am Sep 21, 2020 6:50am
My 15m Aussie Bear run is still puttering. I got in way late, but 1R is in the bage. It has a ways to go for 3R, only the market knows when it will 'turn'.

Thx Reno
  • #79
  • Edited Sep 22, 2020 6:40am Sep 21, 2020 7:05am | Edited Sep 22, 2020 6:40am
I'm stopped out.

Banned from this forum by thread owner....lol

Maybe I post too many info on Dr Bob 5034 article.

Attached Image
  • #80
  • Sep 21, 2020 7:16am Sep 21, 2020 7:16am
There are traders on here already doing very nice things. I will not allow anyone to be confused from someone else's foul attitude. There, I said it.

You all enjoy the rest of your morning.
Thx Reno
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