Another NLA/Zline/Mbar Journal

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LegendofZline
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Postby LegendofZline » Wed Oct 22, 2014 8:06 pm

tp hit

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Postby dojirock » Thu Oct 23, 2014 1:10 am

Nice....
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LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sat Feb 07, 2015 2:35 am

Hopefully someone can clarify how tro dynamic fibs work?

Or maybe I am seeing it differently.

The dots are reversal points.... only when dots to not breakout...

Is that correct...?

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volnmar
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Re: Another NLA/Zline/Mbar Journal

Postby volnmar » Mon Feb 16, 2015 9:13 am

LegendofZline wrote:Hopefully someone can clarify how tro dynamic fibs work?

Or maybe I am seeing it differently.

The dots are reversal points.... only when dots to not breakout...

Is that correct...?


How I see it, didn´t study it only found indicator and try to use it:

I think when dot occur it means there is potential support resistance.... wait for candle in opposite direction (color) and entry (dot below bull bar - go long, dot above bear bar -go short)

Another approach which I am trying is:
I am searching for min. 3 dots in row (it makes horizontal line, better to see) only after break of them, wait for opposite candle color and entry.... I think it is the same as Dragon Entry (or maybe I do not understand Dragon Entry) .
Best is to wait for some pullback (50%) or something.
I think it can for example work with mighty zones if the opposite candle is MOMO.
Just learning

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TheRumpledOne
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Re: Another NLA/Zline/Mbar Journal

Postby TheRumpledOne » Mon Feb 16, 2015 4:52 pm

LegendofZline wrote:Hopefully someone can clarify how tro dynamic fibs work?

Or maybe I am seeing it differently.

The dots are reversal points.... only when dots to not breakout...

Is that correct...?


I wrote Dynamic Fibs to plot the fib reversals between Dynamic Support/Resistance.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sat Feb 21, 2015 6:14 am

TheRumpledOne wrote:
LegendofZline wrote:Hopefully someone can clarify how tro dynamic fibs work?

Or maybe I am seeing it differently.

The dots are reversal points.... only when dots to not breakout...

Is that correct...?


I wrote Dynamic Fibs to plot the fib reversals between Dynamic Support/Resistance.


This maybe a dumb question... but

what is the dynamic support/resistance?

Is there a way to clarify this.? I will definitely look all around kreslik. but a response to confirm also would be great...

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Re: Another NLA/Zline/Mbar Journal

Postby TheRumpledOne » Sat Feb 21, 2015 5:50 pm

Dynamic SR is something I created years ago because the other SR indicators "repainted".

There are a few threads on Kreslik where it is discussed.
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sun Mar 01, 2015 11:58 pm

Tro for tro dynamic fibs i find that it is a better indicator of breakout than reversal... can you please clarify that is this can "also" be use as breakout tool. I find once dot is formed there usually is a break before it does reverse.

Also iF i am trading reversal with fib dots indicator is it tried only on the first reversal attempt? Hence the first time dots appear i would enter rat trade once price action shows its going the other way.i would put My stops would be bottom of dots. But say price doesnt go my way on the rat trade And price continues to breakout... would another trade going for the reversal be valid still or is it only the first attempt of reversal? I hope that translates well. thanks for any thoughts. Again this is only a question about tro dynamic fibs sr? Not how to trade rat trade. Im just using rat trade as trigger.

Thanks

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Tue Jun 14, 2016 7:06 pm

What do the pros think?
Trading towards the pot of gold... Momo direction of 5min. Thumbs down "shows me entrys" leprechaun voice... hehe

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Jun 15, 2016 8:07 pm

How about this one Does this look good?
Any thoughts?
zline gets wicked closes out the long traders... nowhere to go but long?

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