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Trading the middle TZ's

  • #421
  • Jun 5, 2015 1:57am Jun 5, 2015 1:57am
Example of bad entry but at last looks good.

Close at +5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD-ProM15 5.6.15_2.png Size: 54 KB
  • #422
  • Jun 5, 2015 2:05am Jun 5, 2015 2:05am
Why i close it .

But in forex when u r done for the day, greed is not good.

I am happy for 25 pips.
  • #423
  • Jun 5, 2015 2:32am Jun 5, 2015 2:32am
Quoting jeetvirk
Why i close it . But in forex when u r done for the day, greed is not good. I am happy for 25 pips.
True. I had a total of 122pips from AJ, AU, GA and greedily held on for more till it reduced to 50 pips, even that i kept hoping it will bounce back. guess what i ended up -70 pips this morning.
My help is in the name of the Lord who made heaven and earth.
  • #424
  • Jun 5, 2015 2:49am Jun 5, 2015 2:49am
EJ 5 min chart Close half position, using CSM with MTZ
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-ProM5 5.5.15_3.png Size: 50 KB
  • #425
  • Jun 5, 2015 2:55am Jun 5, 2015 2:55am
Quoting jeetvirk
EJ 5 min chart Close half position, using CSM with MTZ {image}

+20

Total for the day +45.
  • #426
  • Jun 5, 2015 3:10am Jun 5, 2015 3:10am
Quoting Albertdkpllh
{quote} True. I had a total of 122pips from AJ, AU, GA and greedily held on for more till it reduced to 50 pips, even that i kept hoping it will bounce back. guess what i ended up -70 pips this morning.
I try to go for 1:2 RR. Max stop loss 10 pips. that is the only thing we can control in this market is placement of our SL.
  • #427
  • Jun 5, 2015 3:46am Jun 5, 2015 3:46am
Nice trades, any alarm for TZ's break out?
  • #428
  • Jun 5, 2015 4:31am Jun 5, 2015 4:31am
Quoting ls007
Nice trades, any alarm for TZ's break out?
Thanks,
No not yet but i think it is not required. we can trade whithout alarm also. u have to be focused when candle is going to finish and its better if u go with the CSM, trade the pair which is strong and week with MTZ.
  • #429
  • Jun 5, 2015 6:46am Jun 5, 2015 6:46am
Thank you, yes is not difficult to check every 15 minutes.
  • #430
  • Jun 5, 2015 7:29am Jun 5, 2015 7:29am
Time for fireworks.
  • #431
  • Jun 8, 2015 1:23am Jun 8, 2015 1:23am
Good morning Friends

EJ +15 Risk is 5 pips and TP 15 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-ProM5 8.6.15_1.png Size: 54 KB
  • #432
  • Jun 8, 2015 1:37am Jun 8, 2015 1:37am
Quoting jeetvirk
Good morning Friends EJ +15 Risk is 5 pips and TP 15 pips {image}
Good morning. nice trade..waiting for london open
My help is in the name of the Lord who made heaven and earth.
  • #433
  • Jun 8, 2015 1:46am Jun 8, 2015 1:46am
Quoting Albertdkpllh
{quote} Good morning. nice trade..waiting for london open
This one on 5 min saw big faky kind of wick on 15 min candle so move to 5 mins there was nice MTZ on it took the trade took 15 pips.
  • #434
  • Jun 8, 2015 4:47am Jun 8, 2015 4:47am
+25 GA Done for the day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-ProM15 8.6.15 _2.png Size: 61 KB
  • #435
  • Jun 8, 2015 5:11am Jun 8, 2015 5:11am
Lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 59 KB
My help is in the name of the Lord who made heaven and earth.
  • #436
  • Edited 6:14am Jun 8, 2015 6:00am | Edited 6:14am
Quoting Albertdkpllh
Lets see how it goes. {image}
Hi Albert. Please help me to understand something.. So you are taking trades when xixi_tz box form on the candle not on the candle wick? Like in the image attached?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #437
  • Jun 8, 2015 6:28am Jun 8, 2015 6:28am
how could identify the entry for long with using TZ indicator ,then how could u set a SL & TP for short trade wht are the conditions ,let me explain ?
  • #438
  • Jun 8, 2015 7:22am Jun 8, 2015 7:22am
You could most probably do better with a plain forward gap finder type indicator.I'm not alluding to weekend gaps.. the in between stuff.

1min and 5 min charts.

Do investigate.
You can be anything you want to be
  • #439
  • Jun 8, 2015 8:28am Jun 8, 2015 8:28am
UJ +10, 5PIP RISK AND 10 PIP PROFIT.

Why i took this one b,cuz dollar is below in CSM + MTZ i knew that price will touch round no.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-ProM15 8.6.15_3.png Size: 56 KB
  • #440
  • Jun 8, 2015 3:43pm Jun 8, 2015 3:43pm
Quoting poweromania
{quote} Hi Albert. Please help me to understand something.. So you are taking trades when xixi_tz box form on the candle not on the candle wick? Like in the image attached? {image}
Yes. we areonly interested in the middle zones created.
My help is in the name of the Lord who made heaven and earth.
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