A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Thu Apr 04, 2013 3:26 pm

News, You got it.....
Now go a step further...you have your bias marked out...it may seem like you missed the big move....and in hind sight it will look like trades were taken before the bias was formed. Was it? No.....
Next step is look left.....the old bias will be broken at the top...this enables us to go short....after in a trade if the bias is switching to short you will see confirmation breakes to the left and short bias lines forming all the way down until the 30 min bias actually cements.
Good work news....
"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 3:33 pm

Newscalper,

This is the chart from yesterday...CC's
It doesnt even matter that they shifted....

the bottom red line Broke. Momentum punched a hole right through the ceiling. It is before the blue long bias line I have drawn was even formed based on that shift of the CC's.
Being long bias and taking a long.... I dont think we missed the big move at all!

Do you?

:shock:
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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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dojirock
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Postby dojirock » Thu Apr 04, 2013 3:45 pm

Dont get crazy but it even works on a 1 min, 3CC chart.....

:D :smt043 :smt068
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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!"

pariah
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Postby pariah » Thu Apr 04, 2013 3:48 pm

Trade what you see...
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Postby onontsira » Thu Apr 04, 2013 3:55 pm

I thought bias was taken from the first candle that broke the Zl (at the left) but it is the second one at the right!!!... I was totally at the opposite...

News said it before: "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."

So, in this EURAUD case, you draw your ZL all the way down and it becomes active once a higher tf candle closes above it at the right (and you go long)

Am I close?

Thank you Doji for all your learnings efforts :oops:

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dragon33
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Postby dragon33 » Thu Apr 04, 2013 6:05 pm

Hey Doji seems like a replay to me :P
You are doing a good job and i really hope that the followers learn from it.

Still watching kreslik but not involved but i will interact when i see bullshit

Keep up the work the more people who can do this the better you will feel.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

FXfreak
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Postby FXfreak » Thu Apr 04, 2013 6:54 pm

hi doji,

i tried to understand your logic of zlines and made a little exercise...did i draw the zlines correctly?



thanks!

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Postby seacap » Thu Apr 04, 2013 7:30 pm

Thanks newscalper and dojirock.
Below is the same chart later in the day. I could add 2 more zlines, but I am not sure that I draw it the same way as you do. Let me know if I am on the right way.
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pariah
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Postby pariah » Thu Apr 04, 2013 7:34 pm

ONO - I look at Supply and Demand. Clusters/Areas where price spend alot of time. UJ has hit some extreme areas of Supply, in fact there are 2 major supply levels price has to break in order to continue upwards. My overall bias was finding some area where I could go short, as I assume there would be Sellers waiting up top.

I've close the trade, I had 2 simultaneous trades on UJ as priced hooked back into a lower zline. Out with 20pips est.


FxFreak - Below is a chart for EU, where price has hit a major H1 zline/ R line. If prices continue to close below, this may be a sell.
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dojirock
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Postby dojirock » Thu Apr 04, 2013 7:53 pm

FxFreak & Seacap,

You guys are getting it...cool....
"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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