ADASEB'S ZeroLine Trading Daily Log

[adaseb]

Basically decided to copy everyone and start my own trading log.

Zerolines can be very tedious and complicated at times so therefore I think if I post my analysis on all my trades I can get some valuable feedback from my fellow trade-ies.

Basically I trade the chart NAKED following the Daily, H4 and H1 for any wicks who denote profit of loss. While using the M15/M5 for entry.

Typically whenever a M15/M5 candle closes against me, I get the hell out.



First trade. Up 10 pips so far.

[adaseb]

Out. The wick that went against me scared me.

By the looks of it, I exited way too early. Went 10 pips even higher 5 mins later.

[bacoazul]

nice man hope u keep posting ur ZL trades

[lukx]

I'll be watching also

[adaseb]

Hey everybody. Sorry for the inactivity basically my day-job had me working 12+ hours everyday and didn't much time to trade and post.

I will try and be more active in my trades and posts.

I know its all in hind-sight now however I did take a trade which had an almost perfect setup. However because of one 5M candle closing against me I lost the potential of 75+ pips.

Here is how it went.



Here on the H4 there was a wick in direction of loss at around 1.6717. Was too late to take that trade on the H4 however the H1 showed an opportunity.



Since I was in the H1 MightyZone area I decided to look to enter the short position in the M5/M15 time frames.





I entered at 1.6692 on the M5 on the large wick. And then it started to reversed and head towards my entry price. Eventually it went 9 pips against me and closed against me. So in the next 5M candle I exitted at break even and then finally the trade went my way.

I am just wondering how any expert ZL traders would have handled this trade?

Ignore the 5M chart and just trade off the M15,H1,H4?

Use the M1 chart?

[es/pip]

what you were looking at

[adaseb]

So basically if the ZL is found correctly it SHOULD NOT close against you on the 5M correct?

I looked at your charts and I basically entered too early by about 3-4 pips.

I basically did this.

[adaseb]

Hey ES/PIP I have one more question for you.

You look at MightyZone and ZL for direction and targets.

However when you scale into a position (on the 5M ) do you only enter if the previous candle is 2x? Or does it not matter?

For example would this of been a valid entry?

[es/pip]

yeah that is valid to me

also notice that it was larger than the greatest correction that returned to the low as well

[es/pip]

i am pretty sure i took this trade cant remember


but

this is what i would be thinking

coming back in to the larger time frame MZ

blue box is largest correction that returned to the low

1. momo down creates a held profit zl that will offer resistance
2. decrease in momo into the low
3. increase in momo vrs bar 2
redline should make an attempt to hold price
yellow line created by bar #3 should offer support
4. no supply, no momo, inside bar, whatever

= i am long