A fresh start! Doji's Trading Journal

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

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

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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)

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dojirock
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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.
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 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?

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

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

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dojirock
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Postby dojirock » Wed Apr 03, 2013 5:42 pm

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


No. The 3rd from the bottom is correct. If you count down 3 from the top ignoring the one that runs off the left side of the pic.....is the one that is not.
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 Apr 03, 2013 5:44 pm

Thats exactly what im saying. I would be short...there is no reason to go long yet.....im still trading the last valid zline.

so there is no hindsight about it.

:)

newscalper wrote: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.
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 Apr 03, 2013 5:45 pm

In hindsight I would only be hoping for a confirmation of continued short....it failed....but im still short....there is now long indication.
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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