A fresh start! Doji's Trading Journal

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cwn6161
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Postby cwn6161 » Wed Apr 03, 2013 1:15 pm

Now pariah, are you scalping from one zone to the other? Or do you have a TP you'd like to reach, and if zones are too close you skip?

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pariah
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Postby pariah » Wed Apr 03, 2013 1:21 pm

:x

Yeah, see... I probably won't trade short as this thing already ate up the distance between my S D zones.

I should have shorted after I saw all that wicking of the previous 2 greens. LOL...

Last month I would have shorted immediately without waiting for bias, but trust me - wait for bias. Since waiting for a bias candle I honestly haven't lost a trade, and I am more confident in holding onto trades longer. Losing less, and taking more is the result of waiting for bias. :idea:
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cwn6161
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Postby cwn6161 » Wed Apr 03, 2013 1:23 pm

Is your bias just a candle in the direction you'd like to enter?

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Postby cwn6161 » Wed Apr 03, 2013 1:27 pm

I have trouble trading the small time frames, so I stick to observing the 4H and 1D. On EURUSD daily, it looks like the next zone to be zlined is around 1.2650. My bias is short, looking on the 4 hour for entries.

pariah
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Postby pariah » Wed Apr 03, 2013 1:35 pm

CW,

The m30 works best for me. Less noise, therefore less s d areas to observe.

Yeah, I'm pretty much scalping in between the 'zones, 'lines'. I'm looking for at least a 20 pip range between the zones, so I can at least take 10 - 15 pips. M30 gives you those 20 pip ranges.

I never understood mighty zones until I understood S D. For me a Mighty Zone is - How quickly price moves away from an area is a sign that when price returns to that area price will react as it did initially.

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Postby pariah » Wed Apr 03, 2013 1:39 pm

CW

The bias for me is a momo candle on a higher tf that closes above or below my lines. M30 is what I use. As it is usually enough to qualify a crossover, or a reversal. H1 is too long for me to wait, and m15 is almost the same as m30, but m15 has more noise.

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Postby pariah » Wed Apr 03, 2013 2:05 pm

CW

price is just bouncing between two daily S / D areas.

The last 2 days have hit a ceiling, which is why there seems to be many clusters of Supply areas on the m30, and many more on the m15.

My hope is that price will close above supply 880 on the daily, and it should be smooth sailing up to 960.

Just gotta wait for price to tell you where it wants to go...
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LegendofZline
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Postby LegendofZline » Wed Apr 03, 2013 2:08 pm

dojirock wrote:Unless that is a very quick scalp, its dangerous trading int ot the hourly zline there going short. I would have put my stop there and been long. But I realize we all trade different time frames.


LegendofZline wrote: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


Thanks for pointing out to whats at the the left of me. Cant
Believe I didnt see that

If a red 1hr bar closed over the green 1hr mbar would short be more inticing?

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trueblueTEX
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Postby trueblueTEX » Wed Apr 03, 2013 3:14 pm

I don't know about you guys, but I got up yesterday morning worried about how to save a wedding dress.

Glad I checked in on Kreslik.

:-)

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dojirock
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Postby dojirock » Wed Apr 03, 2013 3:38 pm

You guys that have been around a while should be having all kinds of flashbacks....lol

"Close above, close below"

All my zlines are drawn on opens of candles....
All my zlines have a colorchange.....
It takes momentum to break and or move away from these lines.


cwn6161 wrote:pariah, that is a great explanation. I just got flashbacks of mighty zones :)
"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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