A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Apr 03, 2013 4:52 pm

No.
My zline is my bias until broken by a hourly candle.
You trade away from your zline until this happens.
"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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Apr 03, 2013 5:06 pm

I know it's late in the day and trend don't last for ever so likely to get spanked here but here's trying to put what I think is being said with CCs
Image

Image

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Apr 03, 2013 5:14 pm

Nice charts News.

Looking at the m90 as a bias, the 3rd line from the top is not a zline.
Nor is the very bottom one.
The rest you have nailed it. Per my zline criteria...

Once you have a bias....entry becomes alot less important
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Apr 03, 2013 5:17 pm

I treat CC's the same way as a normal candle, just no wicks.
"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!"

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Apr 03, 2013 5:29 pm

OK..why is the very bottom one not one when it was the point of a breakout south,if price returned to that you would be looking for a short? As it was 90 closed over the other way, either putting you long at the point on a close under close over or long after it closed over the 'go long' line above it.

Cheers

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 84
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 0
Gender: Male

Postby onontsira » Wed Apr 03, 2013 5:31 pm

I think that's because the line has been crossed by a green candle. Am I right Doji? (I try to understand as well)

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Apr 03, 2013 5:31 pm

Because your green, up, or bullish CC didn't close below that line.

Read this carefully, its not a typo.
Last edited by dojirock on Wed Apr 03, 2013 5:36 pm, edited 1 time in total.
"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!"

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 84
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 0
Gender: Male

Postby onontsira » Wed Apr 03, 2013 5:33 pm

Same problem with the 3rd from the bottom of the picture (and not 3rd from top of the picture)? Is that correct?

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Apr 03, 2013 5:34 pm

This is why its not a bias zline in my book.
"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!"

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Apr 03, 2013 5:41 pm

That's fair enough when examining it in hindsight. At the time you would be entering short near the line before that candle had closed. you wouldn't know it had failed and closed back over it until afterwards.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”