A fresh start! Doji's Trading Journal

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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.
"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 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.
"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 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.
"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 dojirock » Wed Apr 03, 2013 5:50 pm

GU today,

Dont even think about shorts.... there are only two zlines.
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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!"

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Postby newscalper » Wed Apr 03, 2013 5:52 pm

...errr....yeah.... so the line should be marked as I've marked it then??? I don't get what you're getting at. You'd have looked for a short at a return near to the line and probably lost?

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Postby dojirock » Wed Apr 03, 2013 5:56 pm

yes if i took a trade there...and I may have lost. your correct.
Im saying there should not be a short zline there....it doesnt qualify as a continuation short zline. The CC did not close below the line.
"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 dojirock » Wed Apr 03, 2013 5:59 pm

Look at my G/U chart. From the point my purple short zline is drawn, there is only that one and one blue zline. Not because that is all I have drawn, but because that is all there are.
"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 6:01 pm

Image

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dojirock
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Postby dojirock » Wed Apr 03, 2013 6:06 pm

ah....maybe here lies the problem.

Your long bias is the break of the bottom line...not the one you have marked. And yes...just looking at the CC's I would be thinking shorts there. It doesnt mean I would not drop to a lower time frame for confirmation.

Let me mark up a cc for ya....


newscalper wrote:Image
"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 6:17 pm

dojirock wrote:yes if i took a trade there...and I may have lost. your correct.
Im saying there should not be a short zline there....it doesnt qualify as a continuation short zline. The CC did not close below the line.


Sorry Doji, hehe. you've completly lost me. You've said you shouldn't be short and you should be short in the space of about 2 posts. Also that a CC does not close over the line when clearly there's a big red ?CC closing over the line. i just don't get it.

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