Same as above trade. Mozone wicked then straight to my target.
Another NLA/Zline/Mbar Journal
Moderator: moderators
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Re: Another NLA/Zline/Mbar Journal
Nice work!
It always takes Momentum to break Momentum!
"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!"
"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!"
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Re: Another NLA/Zline/Mbar Journal
Here goes a trade away from non momo. 1-2 pattern.
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Re: Another NLA/Zline/Mbar Journal
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.
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.
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Re: Another NLA/Zline/Mbar Journal
1 out of 4? ah, yes...
take a closer look at what happens after the 1-2 setup.
take a closer look at what happens after the 1-2 setup.
It always takes Momentum to break Momentum!
"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!"
"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!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Re: Another NLA/Zline/Mbar Journal
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?
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
It always takes Momentum to break Momentum!
"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!"
"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!"
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Re: Another NLA/Zline/Mbar Journal
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
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
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Re: Another NLA/Zline/Mbar Journal
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.
-
- rank: 150+ posts
- Posts: 200
- Joined: Tue Jan 15, 2013 2:43 am
- Reputation: 60
- Gender:
Re: Another NLA/Zline/Mbar Journal
I have changed up to using engulfing candle entries...
They seem to have fastest reaction to nearest zline.
tp @ nearest larger tf extreme
They seem to have fastest reaction to nearest zline.
tp @ nearest larger tf extreme
Re: Another NLA/Zline/Mbar Journal
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
Are you using HTF (4hr,DWM)?
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.