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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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Postby dojirock » Thu Apr 04, 2013 2:55 pm

The vertical blue lines are the point at which my higher bias time frame showed that it had changed. You have to wait for a down close or it could have continued to be a up string of candles.
So the line is put ther so when I switch to 5 min charts, its that point in hindsight and after I can watch for entries.


trueblueTEX wrote:
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.
"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 » Thu Apr 04, 2013 2:59 pm

Months ago when I spoke of the 12 ema, I had a real problem with constantly jumping in after I knew what bias was. I dont use the 12 ema on my bias time frame or I would miss many trades. I used it on the entry time frame to force me to wait for a better price. I can place it on my charts now...I dont have a problem jumping in early anymore so I stopped using it. It was a tool to help me see levels and force me to get better prices. That was the purpose of sharing that with you guys, so if any of you had that same problem.


cwn6161 wrote: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?
"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 pariah » Thu Apr 04, 2013 3:02 pm

Just wait...

'Trade What You See'.

[glow=red]Line, Bias, Trade. [/glow]
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Postby dojirock » Thu Apr 04, 2013 3:05 pm

You guys need to understand when you have a short bias and the momentum dies down to start the retrace, it will take momentum to move back up into the previous short zline area. That area remains vaild(the short area) until price closes above that zline. I will just clarify this right now, because every time I say that people post a chart where the 1 or 5 min closes above a 30 min zline.....YEA...thats a wick on a higher time frame. This is why as I stated several post ago that the zline for me to change bias has to be broken, closed over by a candle of a higher time frame. It takes momentum to break a zline and if a higher momentum close happens across my lower timeframe zline, how can you not think price is going the other way?

So in your pic......still short bias.....
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.
"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 » Thu Apr 04, 2013 3:07 pm

Yes! Thanks News.

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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dojirock
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Postby dojirock » Thu Apr 04, 2013 3:22 pm

Comment about the BB's 1st.
I was always on the wrong side of the trade. It seemed like every time I would enter price would move the opposite direction. Pro pointed out to me a BB, MACD method he uses and though it uses indicators, in hindsight with them it looked very good. So I started watching the BB's as a tool to find the areas that matter. This enabled me to at least be in the neighborhood of the tradable zlines vs a completely different city. Lol.... It was a learning tool and teaching tool. Once you understand price movement, you dont need it.

Understand broken zlines happen on smaller time frames which build momentum into larger moves. There are many signals that tell the bias could be forming before it actually cements. In this example, look at that rise you said we missed..the big move, go to ta daily or weekly and that move could have been a entry time frame for something bigger.

onontsira wrote: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?
"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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