A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Fri Apr 05, 2013 10:03 pm

I suppose, true... we will see what we can do...lol

trueblueTEX wrote:I hate to whine, but I'm an old fart and I still like to print stuff out and hold it in my hand.

Would it be too much to ask if we could use white or a light colored background on posted charts? I've just printed out LOTS of toner!! :oops:

Thanks for your consideration.
"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 » Fri Apr 05, 2013 10:50 pm

FX,

The zline you drew wouldnt be there until you got the close of the next green candle. Because if the next candle was red it would be a failed zline. Make sense?


FXfreak wrote:thanks doji!

i understand your explanations that i'm trading into a short bias but why isn't my zline a zline? why would you draw it two candles later?

zline = red candle to green candle and strong green candle close above open of red candle. or am i missing something?
"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 » Fri Apr 05, 2013 10:52 pm

Fx, your definition is different than mine. You need a close of a red candle higher than a open of a red candle. You cant verify that until you have a close of a green candle.
"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 onontsira » Fri Apr 05, 2013 10:53 pm

FX,

The zline you drew wouldnt be there until you got the close of the next green candle. Because if the next candle was red it would be a failed zline. Make sense?


So you mean that we must wait 2 candles for confirmation? (you mentionned it once in page 116...)

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Postby onontsira » Fri Apr 05, 2013 10:58 pm

2 candles or more, as News mentionned ealier...

In fact, we must wait for the end of the move to draw the line?

I think...

:?:

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Postby dojirock » Fri Apr 05, 2013 10:58 pm

Because, there isn't a close above that line by a red candle!!!!
You would have to drop time frames to see that happen....
This is our bias time frame...it doesn't happen here....
Again....it has been said..."Price can fool you on one time frame some of the time but not on all of the time frames."

Come on guys.....lol

trueblueTEX wrote:(true is back for remedial zlines :-) )

If we are drawing bullish zlines on the H1, why wouldn't we draw it like this:

?
"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 » Fri Apr 05, 2013 11:02 pm

Correct!

onontsira wrote:2 candles or more, as News mentionned ealier...

In fact, we must wait for the end of the move to draw the line?

I think...

:?:
:)
"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 11:04 pm

Thank you Doji, it's priceless for me... now I will have a good night, dreaming of Zl... :roll: :oops: :lol: :lol: :lol: :lol:

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dojirock
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Postby dojirock » Fri Apr 05, 2013 11:05 pm

Come on MO, help me out here....lol Laugh_Smile
"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 trueblueTEX » Fri Apr 05, 2013 11:26 pm

dojirock wrote:Fx, your definition is different than mine. You need a close of a red candle higher than a open of a red candle. You cant verify that until you have a close of a green candle.


I think I may have missed the proper definition of a zline. I thought it was just red candle closes and green candle closes Above red candle's open.

Are you saying that it takes at least 3 candles to form?

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