Kreslik.com - traders community since 2006

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.

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.

nice man hope u keep posting ur ZL trades

I'll be watching also

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?

what you were looking at

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.

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?

yeah that is valid to me

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

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