Scalping: 3LZZ DSR

[dojirock]

Not sure why you would try to go short there;
maybe a day trader can explain it to me

why.png

To much emphases on the slope of the moving average
-lagger

[dojirock]

[Jhx]

91 to go.

Some I uploaded twice to see so that they're clearer.

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One thing I'm starting to notice is that these zlines work better when they come back and trigger after the next candle. If it takes a while to get back to retrace to the zline it's a bit less reliable.

Also trying to pay more attention on how I place the stop. I tended to use larger stops using the stop of the "swing" but sometimes that made my stop too wide and not even able to grab 1R. If I place it in the momentum candle's low (or previous candle if the momentum candle has almost no wick) it seems easier to grab 1R because price just "bounces" off there.

[Jhx]

86 to go. This is also a discipline test; maybe by charting the same thing over and over I can start to build confidence.

I'm noticing that in some runs there is zline after zline. I guess this is how 'stacking' is done sometimes. But for the time being I'll just count them as different entries to keep it simple.

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[Jhx]

82 to go.

ZLines are discretionary. Stop loss placement I'm starting to realize that is also discretionary. But from what I'm seeing is better to have a tighter one; not super tight, but tight enough.

I know I'm drawing these with the benefit of hindsight but I'm trying to be as fair as I can taking the losers, and marking the zline entries that didn't trigger.

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[Jhx]

77 to go. Hope this experiment isn't ridiculous. I don't mean to spam or flood the forums with these.

Noticing that quite a lot of times it goes past the 1R. I'll write down all these stats once I finish the 100 sessions, which is about a third of a year's worth of trading I think.

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[Jhx]

72 to go.

Again, when price takes too long to come back, it either bounces weak, or it just keeps going. Maybe wait up to 2 candles and if takes more than that scratch the possible zline bounce entry?

Also, just eyeballing this but I'm noticing much more winners than losers and quite a few winners that go to 2 or 3. Only 28 sessions so far, but I was also (maybe) too demanding on myself with attempting to end green every day. The winners are there to offset losing days, maybe a switching my goal from green day to a green week would be a good switch that could help my psych.

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[Jhx]

67 to go.

Some candle can produce a zline; but sometimes there are more than 1 zline off that candle. Sometimes it just pops off the previous candle, and other times it 'feels' better to place them at a level were many wicks were broken by that candle.

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[Jhx]

62 to go.

I'm seeing that a lot of zlines entries are very tight, as in as soon as it gets to the level it bounces; sometimes it even misses the entry by less than a pip and it bounces right there. Using small stops looks like a good idea for this type of trade.

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[Jhx]

Glancing over this whole page, I see much more green than red! I'm not even counting when it goes beyond 1R, but it seems that zline entries have a really nice hitrate.