Another NLA/Zline/Mbar Journal

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LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sat Dec 02, 2017 12:35 am

Looking back is key I beleive. Look back.... Does price leave area in a hurry = momentum bar/momo bar/mbar
As long as the price hasn't come back to these areas yet you will watch these areas of interest.

When prices comes back and test the said areas does price again leave in a hurry.
Leave in hurry to me = wicking the zline of the said momentum bar/momo bar/mbar zline without showing any slowing down shooting away from zline areas....

If price shows you were wrong get out.
Price goes your way exit nearest opposite side zline.

Just thoughts for my journal. Have a good weekend guys.
Last edited by LegendofZline on Sat Dec 02, 2017 12:42 am, edited 2 times in total.

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LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Sat Dec 02, 2017 12:35 am

db

LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Tue Dec 12, 2017 2:09 am

Ive been posting to much charts on doji's thread. gonna come back on here just because I feel I was spamming his thread.

But here I have a chart. If you look its same o thing price closes over under something then price wicks away. Let Price shows you where it wants to go.


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LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Tue Dec 12, 2017 6:35 pm

Here goes another one. 15min based price action closing over under.
Got in with 5min momo confirmation candle and the price exploded.
Closed short trade.

Again any insight on what I am doing right or wrong would be great!


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tm9
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Re: Another NLA/Zline/Mbar Journal

Postby tm9 » Thu Dec 14, 2017 4:53 am

i understad NLA/RAT zone but , Can anyone please detail me the zline & momo strategy?

Plus, how are you combining them?

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tm9
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Re: Another NLA/Zline/Mbar Journal

Postby tm9 » Thu Dec 14, 2017 4:53 am

i understand NLA/RAT zone but , Can anyone please detail me the zline & momo strategy?

Plus, how are you combining them?

LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Thu Dec 14, 2017 5:31 am

Zline = area where you can see traders holding profit from a massive move. Where you say?

Any where price has sky rocketed away from leaving traders in the green for now. A momentum Candle. Or likemomo candle for short. Leaving you with Targets for you later to trade to zero those traders out. Or where you know traders will get out once price comes back to zero them out.

Momo = momentum candle closing 2x of previous candle and over extreme of previous candle.

As far as trading this style. There are a couple of ways of trading. Im still learning myself. But I will try To explain the way I trade or see things better on future charts

There are no defined rules but here's what I tend to look for.
1. A breakout or Momo happen,momentum etc. 1hr candle
2. Wait for candle close.
3. I wait for a reversal after this happens. Close above clove below action. (I will show in future charts) this is tricky but this is an area where I feel traders have gotten zeroed out and now closing there trades breaking making price react to exits by the masses only leaving price to sky rocket to next supply demand areas.

I am by far not a pro a this but this is what I get out of MO, doji, espip, dragon and tro's teachings. I will leave this open for the pros to chime in on my explanations if they are quite on point.

Cheers more charts to come.

tm9
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Re: Another NLA/Zline/Mbar Journal

Postby tm9 » Thu Dec 14, 2017 5:50 am

would you please demonstrate me a trade example with chart/picture?

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