A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Thu Apr 04, 2013 7:54 pm

Hi Dragon,

Great to see ya! Your right.... Its all a repeat. Just another way to explain it....lol

They seem to be catching on!
"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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newscalper
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Postby newscalper » Thu Apr 04, 2013 8:30 pm

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

:D :smt043 :smt068


yeah - that's exactly what I was saying and illustrated with the DIY picture - it's simple logic: to be long the reason to be short has to be gone, to be short the reason to be long has to be gone.

There are some that get away though - I couldn't see a way to get in on this today on the basis I was looking at it. - I'd marked up H1 lines, was waiting for H4 to close then entry on 15. H4 closed over the red line, good, but it went and went and is now at a price I'd want to get out at

Image

Or do you consider old Z lines too because there are ones there at the bottom if you look WAY over to the left.

When I personally start doing that though is when I get into trouble - it's the same thing as looking at higher TFs to see further back and with me it just me into a fug re which way to go again.

I'm sure there was a way i non smaller TFs but I wasn't looking at those

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Postby FXfreak » Thu Apr 04, 2013 8:59 pm

doji, is this correct:
1. look for zline on m30
2. wait until we get a close below/above zline on h1 -> this is our bias
3. trade on m15 in direction of our bias

if yes: why don't we take a m30 close above/below as our bias? why do we need h1?

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dojirock
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Postby dojirock » Thu Apr 04, 2013 10:41 pm

If we dont get a close accross our zline then you trade away from it.
If we do get a close on the next time frame up, my thinking is knowing that it takes momentum to break a zline, that the hourly doing that will continue to go. It cant stop on a dime. Where as a same time frame close above could come back and close below, thus leaving us with a wick in hindsight.
"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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onontsira
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Postby onontsira » Fri Apr 05, 2013 12:15 am

:shock: :shock: :shock:
Attachments
NZDUSDEXEMPLE.GIF
NZDUSDEXEMPLE.GIF (151.82 KiB) Viewed 424 times

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Postby LegendofZline » Fri Apr 05, 2013 12:18 am

My understanding is correct I hope.....
ANY INPUT?
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MightyOne
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Postby MightyOne » Fri Apr 05, 2013 3:31 am

Consecutively larger/smaller bodies: one of the ideas that I trade by!

Image


If you are going to trade candlesticks then remember this pattern =)

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Postby LegendofZline » Fri Apr 05, 2013 3:32 am

onontsira wrote::shock: :shock: :shock:

How bout this one onontsira.....
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MightyOne
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Postby MightyOne » Fri Apr 05, 2013 3:55 am

Same as the chart on the prev. page:

Image

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MightyOne
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Postby MightyOne » Fri Apr 05, 2013 4:14 am

Image

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