A fresh start! Doji's Trading Journal

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LegendofZline
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Postby LegendofZline » Tue Apr 02, 2013 7:15 pm

pariah wrote:I'm beginning to think that BIAS is the MOST important thing.

Anyways... It is this easy...


I'm up almost 20 pips on AJ currently.

I'm going to start jackin up the lots now. At this rate, I'll have my tuition paid off by June, and probably be rockin a Challenger srt by Sept. LOL.


Thanks again Doji and Mo for all your help.

Zakk.



Pariah

Is there an explanation on how you get your support / demand lines.
I see past zlines bit not quite sure if thats how your marking up your areas.

Thanks in advance. Nice to see someone else getting this stuff.

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dojirock
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Postby dojirock » Tue Apr 02, 2013 9:24 pm

do you see it? These are just bias lines.
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dojirock
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Postby dojirock » Tue Apr 02, 2013 10:12 pm

Again, just the bias lines, but look at what happens around them.
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"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!"

LegendofZline
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Postby LegendofZline » Tue Apr 02, 2013 10:31 pm

It wicks line... enters line then leaves line

So higher tf mbar with s/r behind it... this is bias line only when 1hr has closed beyond said line.
When bias is chosen we dial down to lower tf and trade lower tf with same price action.

Would bias line need to be wicked first to look for trade on lower tf or
Is any trade valid when its behind bias line?

Sweet charts by the way.

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dojirock
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Postby dojirock » Wed Apr 03, 2013 3:56 am

A number of traders have a problem defining what momentum is, zlines (s/d) actually are and how to use them as a bias.

Just a little inquiry. How many zlines would you draw on this chart?
Post it, I would like to see how many different variations we get.

Thanks!
dojirock
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"Sometimes we need to stop learning and start thinking...."

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

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Postby LegendofZline » Wed Apr 03, 2013 5:06 am

I will do this challenge. But first what you think

First found bias

Image

Lower tf find entry when above ema

Image

Thanks for any input

LegendofZline
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Postby LegendofZline » Wed Apr 03, 2013 5:19 am

dojirock wrote:A number of traders have a problem defining what momentum is, zlines (s/d) actually are and how to use them as a bias.

Just a little inquiry. How many zlines would you draw on this chart?
Post it, I would like to see how many different variations we get.

Thanks!
dojirock


What do you think? Fail or Pass


Image

pariah
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Postby pariah » Wed Apr 03, 2013 5:56 am

Hi Legend,

Not to usurp Doji's thread and its contents, however; I look for 'momentum' candles.

'Momentum' aka larger candles - relative to the other candles in an area indicate 2 things:

1. Crossing of a S/R line - becoming new S or R

And

2. Stopping at S/R line.

Its very strange how S/R levels correlate with 'momo' candles. Often you will find 'momo' at the beginning of S/R.

** Currently, as I'm spending upwards of 10 hours a day looking at some kind of candlestick chart - my mind is able, I believe, to identify clusters of supply and demand areas automatically. S D areas appear at key S/R lines.

From there, I just look for 'momo' away from that line/cluster - and trade in that direction.

Hope this helps.

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Postby newscalper » Wed Apr 03, 2013 9:27 am

I'll bite
Image

I wasn't considering if'/when the bars broke as another poster has, I've drawn the lines as they would have been. I assume these are lines to trade on the M5 as it's usual to trade lines from a higher TF tha nthe one you're looking at otherwise you won't get the range/r:r/whatever. If the answer is to be the only ones of interest are where the semas are...consider the semas were not where they are now at point of drawing the line.

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Postby trueblueTEX » Wed Apr 03, 2013 11:32 am

Well, I have been following this for some time now. I don't recall 'bias' being talked about so much here so I guess I have missed something.

I suppose that my meager contribution to doji's contest will demonstrate I have a lot o' learnin' left to do :-)

Here, I offer up my finger painting to the Rembrants:

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