A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed Mar 20, 2013 6:37 pm

few more on e/j
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It always takes Momentum to break Momentum!
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"Sometimes we need to stop learning and start thinking...."
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dojirock
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Postby dojirock » Wed Mar 20, 2013 6:39 pm

U/J
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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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dojirock
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Postby dojirock » Wed Mar 20, 2013 6:45 pm

Pariah,

You tell me how that one candle tells you Bias is short...???

Your trying to guess the top aren't you? Remember, extreme, expansion, then reversal...

remember..one time frame is entry time frame and a higher one is bias.....





pariah wrote:Hi Doji,

thanks for the quick reply.

This concept of Bias eludes me. Does it mean MOMO?

I've posted an EJ chart.


The current candle has taken out all the sellers @ supply, anticipate continued rise?

Thanks again.

EJ just filled Gap.
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 pariah » Thu Mar 21, 2013 4:06 am

H1 Momo, gives 'bias'. Rat short out of H1 Supply with MOMO to H1 Demand?
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pariah
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Postby pariah » Thu Mar 21, 2013 4:28 am

One more.

EJ:

1. H1 MOMO from 3 hours ago (Bias UP)

2. M15 buy when price hits m15 demand level.

Maybe?
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Postby MightyOne » Thu Mar 21, 2013 3:50 pm

You have to do 2 things to find a 'Momentum Candle':

1) roughly define what IS NOT momo
2) compare what you THINK IS momo to prev. momo

momo should not be part of a range; you should clearly be able to see that price is higher or lower than 'something' due to the mbar:

Image


While 'momo' became popular, it was never about momentum candles!

The lesson was about making comparisons so that you can see transitions from one state to another; thus providing the 'signal' to enter.

pariah
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Postby pariah » Thu Mar 21, 2013 6:46 pm

Hi MO,

Thanks for the chart. I'm really trying to grasp this over under (directional) concept.

EU:

H1 momo moved out of 'range'. Changing states. Buy?
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Postby pariah » Thu Mar 21, 2013 7:03 pm

Interesting...

H1 shows direction away from the range. M15 Demand hit, price goes up. Interesting...

Where do we get out? :)
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Postby pariah » Thu Mar 21, 2013 7:08 pm

Potential TP area?

**This has been highly informative. Got class now. Be on later. Thanks again.
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dojirock
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Postby dojirock » Thu Mar 21, 2013 7:57 pm

There ya go...now your seeing...not thinking.....!!!

Good job!
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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