Another NLA/Zline/Mbar Journal

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dojirock
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Re: Another NLA/Zline/Mbar Journal

Postby dojirock » Wed Jun 22, 2016 6:40 pm

Smile_Smile

Nice work!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Jun 22, 2016 11:58 pm

Here goes a trade away from non momo. 1-2 pattern.

Image

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Fri Jun 24, 2016 5:18 am

I am winning about 1of4 times.

Is this about right?
Is a martingale style trading the way to go to manage my trades?

Or is there a way to be more precise with winning trades.

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Re: Another NLA/Zline/Mbar Journal

Postby dojirock » Fri Jun 24, 2016 6:12 am

1 out of 4? ah, yes...
take a closer look at what happens after the 1-2 setup.
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Re: Another NLA/Zline/Mbar Journal

Postby dojirock » Fri Jun 24, 2016 6:34 am

LegendofZline wrote:tp on gj and ej. Hit the zline in up it went. Usually I try to wait to see if there is no momo going down first. But this one felt like it was on its way up.

My entries are still so so as far as entering I feel it is always a little to late... any pointers on how to get in the entry before the moves happens. Or should i just wait for the move?
Image


Try to remember its all relative. On a 5 min, it looks like you have missed pips or left them behind... not true.
Look at the one min entry, by the time you get the initial run then the signal... difference is about 4-5 pips.
Dont risk high success rates to pick up a few extra pips. I posted this chart to show difference in entry from 1 min chart (yellow)
vs your entry on the 5 min. Red line is 15 min zline.
I always trade two time frames, by doing this you can count more on holding power vs entry due to the 15 min acts as a bias.

doji
2016-06-24_0229.png
2016-06-24_0229.png (19.96 KiB) Viewed 619 times
"A small loss is just as satisfying as a large gain" -MO

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sat Jun 25, 2016 6:35 am

I actually have been using higher 15 tf as my bias. But looking at your chart and mine. The difference I believe is that I would trade immediately after a candle color change going towards the zline. What it looks like with the chart you show is the you wait for price to close over the zline then trade accordingly the lower tf on a 1-2 pattern. Am i hot or cold.


Also when I ask is 1of4 trades good win ratio you said yes. but is this a yes as in a good way like yes 1of4 is a solid win or yes you should be able to see more successful trades then 1of4. Sorry everything gets lost in translation over forums

thanks doji

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Tue Jun 28, 2016 9:04 pm

I have dialed down my trading to wait for price to shoot away from 1-2 pattern. Hopefully this will keep me away from overtrading. I will show some examples as soon as I get good examples of what I am talking about.

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Mon Jul 18, 2016 7:32 am

I have changed up to using engulfing candle entries...
They seem to have fastest reaction to nearest zline.
tp @ nearest larger tf extreme

Image

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Re: Another NLA/Zline/Mbar Journal

Postby v8power » Mon Jul 18, 2016 5:12 pm

LegendofZline wrote:I have changed up to using engulfing candle entries...
They seem to have fastest reaction to nearest zline.
tp @ nearest larger tf extreme

Image


Are you using HTF (4hr,DWM)?

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Tue Jul 19, 2016 2:18 pm

I look at the 5 or 15... But I do look up on higher tf to make sure I am not trading against the larger engulfing candles coming out of their zlines. I tried trading the higher tf sometimes but trades takes longer imo. Not my cup of tea.

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