Another NLA/Zline/Mbar Journal

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LegendofZline
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Mar 24, 2021 4:32 am

This one was good. Traded the 5min. less pips but still. This happens in all tf.
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aliassmith
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Re: Another NLA/Zline/Mbar Journal

Postby aliassmith » Wed Mar 24, 2021 7:29 am

LegendofZline wrote:This one was good. Traded the 5min. less pips but still. This happens in all tf.


If you risked about 3 pips to get 5 on the M5 chart thats good.
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Mar 24, 2021 4:51 pm

Yeh Ill take a win anytime. finding engulfling candles on smaller candles are keeping me in the right directions.
Here's one more. Any input would be great.
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aliassmith
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Re: Another NLA/Zline/Mbar Journal

Postby aliassmith » Wed Mar 24, 2021 5:20 pm

LegendofZline wrote:Yeh Ill take a win anytime. finding engulfling candles on smaller candles are keeping me in the right directions.
Here's one more. Any input would be great.


It depends on your stoploss size and your edge. If you track your Reward:Risk and your win rate you'll be able to see if you actually have edge.
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Mar 24, 2021 10:13 pm

Never thought about it that way.
I do feel like I have an edge. Haven't tracked my reward:risk and win rate. Is there a basic break down on how to do this?

Heres another one. btw larger tf but got out on the stall.
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Re: Another NLA/Zline/Mbar Journal

Postby aliassmith » Thu Mar 25, 2021 12:28 am

LegendofZline wrote:Never thught about it that way.
I do feel like I have an edge. Haven't tracked my reward:risk and win rate. Is there a basic break down on how to do this?

Heres another one. btw larger tf but got out on the stall.


So for each trade mark in a journal what your stoploss, take profit and win or loss.

After 30 trades you'll be able to see what your reward/risk is and your wins/ total trades. You do this at 30, 60, 90, etc.

Also keep track how much further the trades go beyond your Take profit. Good info to know.
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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Wed Apr 28, 2021 8:09 pm

This trade was good. But how to keep consistent at winning?
stoploss bottom wick of rat 15min coming out of the 4hr mbar. Out after 15min rat red. any pointers would be great.
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Re: Another NLA/Zline/Mbar Journal

Postby Mira » Wed Apr 28, 2021 9:42 pm

LegendofZline wrote:This trade was good. But how to keep consistent at winning?
stoploss bottom wick of rat 15min coming out of the 4hr mbar. Out after 15min rat red. any pointers would be great.


Consistency is the hard part for me, keeping the emotions out of trading and following the plan is the way. Not easy.
An idea could be to make it simple and less discretionary about SL and Targets, it helps in backtesting too.

I.e. long from Momo’s 50% to 100% + projections with a stop at 0% or 25%.
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__________ THE :smt096 IS A LIE__________

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Re: Another NLA/Zline/Mbar Journal

Postby LegendofZline » Thu Apr 29, 2021 6:23 am

Here's another on. Ive added zline trading with Semafor trading per TRO. Worked out great this time. Any input. Tyring to keep it simple.
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Re: Another NLA/Zline/Mbar Journal

Postby cheunt3 » Thu Apr 29, 2021 7:51 am

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MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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