A fresh start! Doji's Trading Journal

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trueblueTEX
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Postby trueblueTEX » Thu Apr 04, 2013 4:08 am

LegendofZline wrote:Hey doji what do the vertical blue lines mean.

I tried breaking it down but can't find any consist reason for it.

Is it the line after hourly closing?

Nice charts by the way.


Hey Legend, I *think* those are the candles in which doji took the trades.

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Postby cwn6161 » Thu Apr 04, 2013 4:35 am

quick question about that GBPJPY chart doji. When I look at your method, I observe it as you waiting for biased momo to be faded, in order to get a better price. Earlier in this thread you had used a 12 EMA to determine "better" entrance prices, but in this case at least it seemed you waited for the momo candle to be completely zeroed out. Do you still use an EMA to determine better prices or will you always try to fade the momo candle out completely?

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Re: oops

Postby onontsira » Thu Apr 04, 2013 8:28 am

dojirock wrote:Here you go,

real close, good job!
See if you can see the difference.



onontsira wrote:sorry

here it is


Thank you Doji, I will keep on trying :smt001

seacap
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Postby seacap » Thu Apr 04, 2013 8:30 am

Hi guys, may I join the conversation?
What I think about bias lines / zlines is that price is always above and below something at the same time. My questions are on the chart.
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Postby newscalper » Thu Apr 04, 2013 8:40 am

Image

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newscalper
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Postby newscalper » Thu Apr 04, 2013 8:51 am

Image

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newscalper
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Postby newscalper » Thu Apr 04, 2013 9:13 am

H1 Zlines
Image

Now view H4
Image

I think?

In which case..yeah...think 'fake out' and not breakout. It's not a momentum continuation thing (outside bar, retrace and continuation) at all, it's a momentum failure thing and hooking up when they're trying to get out for break-even at the other side. Close?

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Postby newscalper » Thu Apr 04, 2013 9:23 am

Image

What I mean by 'it isn't what you're looking for' is that you aren't looking for that when you're looking for an entry. The outside bar is essentially what you look for to draw your line but for entry you're looking for that s/d to fail.

Hope I'm right on all this.

MO only said a couple of days ago that S/D ALWAYS fails and I think I know what he meant - it absolutely does ALWAYS fail at some point.

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Postby newscalper » Thu Apr 04, 2013 9:45 am

seacap wrote:Hi guys, may I join the conversation?
What I think about bias lines / zlines is that price is always above and below something at the same time. My questions are on the chart.


This is what always threw me but I think from POV of entry bias that upper line has gone because to be long currently youve broken through a lower 'go short line'.
You're not short again until one of the newly printing 'go long lines' is broken short.

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Postby onontsira » Thu Apr 04, 2013 10:02 am

Doji,

This morning, you told us:

dojirock wrote: The bias line wont always get wicked but it can still be traded.


Is that because we care about the area between the breakout and the close of the upper "bias" TF, and not only the wicking of a single line?
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2nd try.GIF
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