Another NLA/Zline/Mbar Journal

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LegendofZline
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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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Re: Another NLA/Zline/Mbar Journal

Postby v8power » Tue Jul 19, 2016 8:16 pm

LegendofZline wrote: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.


As long as u are profitable that's all that matters

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Mon Apr 10, 2017 11:27 pm

I have new sets of rules.

Enter the nearest mozone area. 4hr 1st. if not in this zone I look to 1hr. If price isn't in this zone I keep going down until I find price in the mozone that just closed.

Once in these zones. I look for reversals similar to dragons method.
The most important this is
I stay in or get out depending on the price action. I will be coming up with pictures soon.

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dojirock
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Re: Another NLA/Zline/Mbar Journal

Postby dojirock » Tue Apr 11, 2017 12:17 am

LegendofZline wrote: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


Sorry, I didnt see this till now. Yes shoot for 3 to 4 outta 4. Look at the origins of Momentum. It takes a bullish to break a bearish.

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Apr 12, 2017 11:14 pm

Image

Here is a larger TF in the case 15min Momo. Bottom Chart shows the 15min reacting to the sema.

In lower tf I look for what you are saying. The lower tf frame above. It takes momentum to break momentum concept.

Do you see the run up after the momentum white candle closes?

When there is momentum and then reverses right after is my confirmation.
My trigger is when price is rejected. I enter on smaller tf reversal while price is still in the mozone of the larger 15min momo candle.

Any pointers would be appreciated. Am i hot on the trail?

Thanks doji ive been following you and everyone here for years....

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Re: Another NLA/Zline/Mbar Journal

Postby dojirock » Thu Apr 13, 2017 5:51 am

You are hot on the trail, good work!

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!"

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Thu May 04, 2017 6:48 pm

How come no one ever told me larger tf are important?

Just joking.

Seriously though higher tf rules big time... no pun intended.... I am finding areas of 4hr and 1hr momentums bars lining up with larger daily momentum zline bars really show you the way... easier to find legit momentum bars that way for me. i will show you some trades when i get back home....

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed May 10, 2017 2:47 pm

More and more I see mbars only valid when smaller tf moves along with the price in the first intra bar of larger tf. If you look at the pic you will see larger bars within those bars are mbars that generate the first move. To me indicates alot of buyers sellers are in the move also. Once price goes to these levels I try to see what price will do...

Cheers

Image

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed May 31, 2017 5:36 am

I also see that valid mbars are mbars that rocket away from past mbars. This has opened up a lot more successful trades for me. I look to the left of said mbar i am trying to wick out of. If this said mbar formed leaving a previous mbar it is likely telling me two things. One This is an area where people exited before showing this area is again an area of support/resistancr and two this is where people will exit there zeroed out trade that they were holding onto. Only direction to go to towards momentum

I hope that translates well and hopefully someone can chime in on this.

Thanks guys

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Fri Jun 09, 2017 10:10 pm

Mbar leaves a price twice....

Price comes backs zeroes everyone and shows s/r enter.....

Image

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