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dojirock
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Postby dojirock » Fri Mar 08, 2013 1:10 pm

trueblueTEX wrote:Hey doji,

I understood that when price wicked past the BB on one extreme such as the high end, you then looked to go short. But, on your notation to the far right, you say it "broke here go long". What about the chart says Long instead of reversal like the ones that preceded it?

Thanks!!
TEX


Look at my lines. Price does two things. Reaches a line and gets rejected with a retrace or crosses the line and rejects from the opposit side (retrace). So when my line broke, closed above, we are now in a expansion phase of movement. How Far? I do not know but until price tells me its finished, I'm long. I can tell you this, there is still no indication that its finished going up on this chart. Remember my lines are drawn before price hits the BB. Its where they both happen that is of interest to me.
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Postby newscalper » Fri Mar 08, 2013 1:23 pm

I don't think I'm doing it quite the same as Doji but...kind of similar - what I'm doing is almost like using 3 timeframes so I wouldn't be looking at any short trades: unless those up momo boxes fail with a stong close under the bottom of the box to the downside then price is up.

Combined candles on M15 for momo and zlines (which is like looking at a 'flexible' H1), wait for price to come back to these areas and time the entry M5 where I'm essentially looking for the same thing i.e. in these instances price is coming down so I look for momo down and then I look for it to fail before resuming up (close under, close over). Then try to hold based on M15 as that's what I'm trading.
There is one short in there on the 8th that I possibly would have taken - it only last 3 M15 bars though, would it have profited...hard to say.

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Postby newscalper » Fri Mar 08, 2013 4:23 pm

Waiting for entry
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but this bothers me
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Postby dojirock » Fri Mar 08, 2013 4:31 pm

I would keep waiting new... I dont think its where it has to go yet..

just my opinion :D
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"A small loss is just as satisfying as a large gain" -MO

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"Once you stack, you'll never go back!"

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Postby newscalper » Fri Mar 08, 2013 4:42 pm

Yeah, I've got that I think - it's the area of my top 2 lines. Boxes on top of boxes puzzle me, hehe. I would rather it went higher as it's got lower to fall to those low lines I drew...otherwise there's not much in it for a target to be worth the risk really. It's Friday too, so liquidity might be drying up at this time for any kind of a move

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Postby newscalper » Fri Mar 08, 2013 4:43 pm

There again, it has been going up strongly and there's going to be some profit taking. Hmm.

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Postby newscalper » Fri Mar 08, 2013 5:51 pm

Shame I didn't take that..again. Oh well.

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Postby dojirock » Fri Mar 08, 2013 5:58 pm

Well if it can make it to my target....wont be a bad day....

:P
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"A small loss is just as satisfying as a large gain" -MO

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Postby dojirock » Fri Mar 08, 2013 5:59 pm

In all fairness, I will post the one i'm down on today...too...
(so far) lol


Have a great weekend guys!
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"A small loss is just as satisfying as a large gain" -MO

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"Once you stack, you'll never go back!"

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Postby dojirock » Wed Mar 13, 2013 2:33 am

Nice G/U trade, im still getting out a little to early though.
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"A small loss is just as satisfying as a large gain" -MO

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"Once you stack, you'll never go back!"

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