A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Mon Apr 01, 2013 10:56 am

Again, these green lines are the only zlines...not selective zlines. as per how define them. How many happen to be momo breakouts by the 2x size rule? On a 15 min chart, probably all of them but I drew these off a 5 min chart to show I don't use that 2x rule in my lines.
I use momentum. What might need to be refined is your zline terminology or what momentum actually is or looks like.
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 MightyOne » Mon Apr 01, 2013 4:56 pm

dojirock wrote:Update this morning....


And here is how it looks with one line:

Image


Finally, something that I can actually teach my mother

:lol:

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newscalper
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Postby newscalper » Mon Apr 01, 2013 10:07 pm

Ah Doji :D
Right, yes, maybe have it re how you're drawing your z-lines - it's what we were talking about before.
Thanks m8.

Need to do some more observation of this now.
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dojirock
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Postby dojirock » Tue Apr 02, 2013 12:07 am

update...still short...no reason to long...none at all...yet.
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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 » Tue Apr 02, 2013 12:08 am

Hi mo,
Ok do say...

I see the 1 ema.....I see the 1/3 marks form highs to lows per candle..

Can you list the remaining steps, for your lines?

Thanks!
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 cwn6161 » Tue Apr 02, 2013 12:38 am

Hey all...its been a while. I've got some time again to refocus myself on currencies, may ask some questions as i read through your journey doji.

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dojirock
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Postby dojirock » Tue Apr 02, 2013 1:56 am

Most certainly!
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!"

cwn6161
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Postby cwn6161 » Tue Apr 02, 2013 12:37 pm

Once this 4H closes at 9, will look to short CADJPY on break of this current candle's open. I am unsure of scalping for 30 pips or try hitting a zline at 91.25 or 91.10.

pariah
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Postby pariah » Tue Apr 02, 2013 12:47 pm

Hi folks, I just wanted to share some very novice advice - but the method seems to be working well for me.

In the last few days I've become indicator free. Less a candle stick chart and one or 2 horizontal lines.

Indicators get in the way, because candles tell you where or not where price is going

IMO Fundamentally all you need to determine PA are 2 things.

1. an area (usually taken off m30 or h1 chart) where s become r or r becomes s - this is aka Supply or Demand, zline, support or resistance.

2. and a single m30 or h1 candle closing above or below that line to show you direction - this is Bias or Momentum, or momo etc...

3. Perhaps a third, which is another support or resistance, or supply or demand level for tp considerations.

That's it.

I just took this AJ trade, I'm up about 130 pips collectively in the last 24 hours - literally trading everything where price crosses or closes above my lines.

zakk
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pariah
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Postby pariah » Tue Apr 02, 2013 1:00 pm

These are live charts.

Just to continue from my last post.

Price hits the area, and reacts. Now wait for a 'bias'. I'll probably rat off the green momo.
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