A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed May 02, 2012 6:26 pm

Here you go.......

Trade on g/u today
follow the mbars!

dojirock
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby MDSEA » Wed May 02, 2012 9:48 pm

Hello doji. A quick explanation on what the three purple lines mean. And where exactly was the entry? I'm not the quickest learner so I'm trying to learn from people that seems to be getting it down. I've read espip lukz nla and all tro and mighty one post. Gonna try and try until I get this...

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Postby dojirock » Wed May 02, 2012 11:51 pm

mdsea,

those are zlines...one way to draw them.... have you used blubbs mighty zone indi?
That should give you some clues to how I use them

dojirock
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby dojirock » Wed May 02, 2012 11:52 pm

The entry was the red arrow....

dojirock :D
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby MDSEA » Wed May 02, 2012 11:59 pm

I see I see. So was the trade based on the price closing against the last zline going up while at the same time making a new zline going down. When it reach the new zline goin down it was unable to close above it which gives you an entry? Thanks for any input...

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Postby dojirock » Thu May 03, 2012 12:19 am

Exactly! Close above, Close below is 70 percent of how I trade. So many traders want to complicate it. The biggest advice I can give people, because it is hard to explain, is put up a naked chart, and OBSERVE. Really observe and make a list of things YOU notice that happens. You will begin to reprogram your brain and start to trade off others emotions and not be part of the slaughter. It sounds cruel...lol..but nobody knows where price is going. The biggest indication of where it may go is history. Every trader thinks differently and processes what they see differently. Observe and find your way. (best advice I can give).

When you understand this, you will smile! :D Im working on incorporating a version of space that fits me now which will act as a ladder to higher time frames and huge returns.

dojirock
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

MDSEA
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Postby MDSEA » Thu May 03, 2012 12:44 am

I appreciate the pics and explanation. Keep them coming. In my observation price is always zeroing out traders... Over and over I see it. But actually getting in the move at the right area is where I fail. I see dragon and espip catch it right at the tops of to move straight to the zline target they were aiming... Anyways back to my silent reader existence on this forum. Thanks for the nuggets of info.

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Postby dojirock » Thu May 03, 2012 3:49 am

mdsea,

Ask yourself, how do espip and dragon catch the tops of a move straight to the zline? Observe. Hint, read my last post, I tell you how they do it...

dojirock
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

MDSEA
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Postby MDSEA » Thu May 03, 2012 5:16 am

Well,

Not sure if I'm going in the right direction with this.... But when you trade off of peoples emotions... Emotion is momentum being zeroed out... Everyone wants to get into the move that already has happened. Then suddenly price moves the other way and close all the traders trying to get in and also the traders that stayed in the trade from the beginning of momentum... Zeroing them out also.

So look for trades towards higher tf zeroline...?
by entering lower tf momo.

... Gettin there or am I cold

This will probably keep me up all night. "Observe"

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Postby MDSEA » Thu May 03, 2012 1:53 pm

Double ppst

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