A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Sat Apr 06, 2013 5:25 am

Good job! I am going to bed! :smt015
"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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seacap
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Postby seacap » Sat Apr 06, 2013 8:32 am

:shock: Seems like I am off-track. The price is above your bias line on M30, but you take a short trade off 5min chart...I thought we should take longs off lower tf charts as long as we are above ZLs on the higher TFs.

dojirock wrote:Drop a time frame....... Im gonna take there profits.....

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Postby LegendofZline » Sat Apr 06, 2013 9:26 am

dojirock wrote:Drop a time frame....... Im gonna take there profits.....


Are you marking up the yellow line after it crosses the pass green mbar... with a close over close under

I am having a difficult time finding the reason for marking this line...

Sorry Doji I feel like Im gonna bring us back to square one with this question...

This has got to be the longest game eye spy.... idk sorry not funny... crickets

ugh friday night woohoo Im loosing it....
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Postby FXfreak » Sat Apr 06, 2013 9:40 am

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

-> I put numbers on the candles. you mean: if no 2 closes below the zline it isn't a zline (just a fake). but no 2 closed near the zline. so no fail and a valid zline with my understanding??

which one is the "next green candle" you are describing?



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.


you mean, close of no 2 must be above open of 0?


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


what exactly is the end of the move?

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."


that means if no 2 would close 5 pips above the open of no 0 it would be a valid zline?



The definitions of a zline are always different. I thought it is red to green with close above but now we need another close. but up to now i don't i don't understad which close you exactly mean :shock:

in this case the questions is: what exactly has to happen after no 1 formed to make my zline a correct zline?
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seacap
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Postby seacap » Sat Apr 06, 2013 9:53 am

Fxfreak, I would say that doji is waiting for green bar marked "3" to close. After that the ZL becomes "valid". But lets wait for dojis answer.

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Postby onontsira » Sat Apr 06, 2013 11:24 am

dojirock wrote:My 1st step in trades is to find a bias. In this example, we will pretend, that I was just trading the 4hr chart as entry....so I can outline the steps. Pure price action. Before I start, ES/PIP, nice charts....very simular to my thought process, but I see you use wicks. I use bodies, you can use 1/2's, 1/3's or even straight zlines, which is what I do majority of the time. Im convinced we trade very similar in styles with minor differences, chances are News, when you do find your way yours will vary slightly also.

Point 1 I use horizontal lines on color changes. At that point im bullish and looking for a reversal. I place an alert around my line(because its a 4hr chart)

Once I get a movement in price against my suspected trend, I wait and watch.

Point 2 Price comes back up and fails. I dont realize price fails until the two following bearish candles(white) form.

Now my mind jumps to my Doji Pattern(eheh) breakout of the failed candle, best prices are realized when above the 12 ema. Point 3

This is it, in its simplest form.....my next post will be on a 30 min...same area.


Hi guys,

You should maybe try to read or re-read this, on page 116 (very detailed, with graphs, etc... step by step)

It will maybe click for you as explained this way, as it did for me

Hope this helps

:wink:

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Postby Dan » Sat Apr 06, 2013 11:37 am

Doji, I have to admit that I still don't understand your zline bias method, I'm straining my eyes and brain trying to make sense of the last 15 or so pages and maybe it's the busy week I've had or I'm just not wired to see things the same way as you.

Going back to the exercise you gave us.. this is the first chance I've had to have a look at it and this is how I would trade it (the exercise was to find bias zlines I know but you tell me if what I do works in a similar way).

I will keep trying to get your method to sink in seeing as though it gives more opportunity to find trades. Also would love your opinion on how you would get your bias if you traded this way.
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dojirock
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Postby dojirock » Sat Apr 06, 2013 12:34 pm

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

-> I put numbers on the candles. you mean: if no 2 closes below the zline it isn't a zline (just a fake). but no 2 closed near the zline. so no fail and a valid zline with my understanding??

which one is the "next green candle" you are describing?[glow=red] #3[/glow]



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.


you mean, close of no 2 must be above open of 0?[glow=red]yes[/glow]


In fact, we must wait for the end of the move to draw the line?[glow=red]yes![/glow]


what exactly is the end of the move?[glow=red]When you get a closed bearish candle above an open of a bearish candle! Verified by a green that the bearish move is over![/glow]

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."

that means if no 2 would close 5 pips above the open of no 0 it would be a valid zline?[glow=red]YES[/glow]



The definitions of a zline are always different. I thought it is red to green with close above but now we need another close. but up to now i don't i don't understand which close you exactly mean Shocked

in this case the questions is: what exactly has to happen after no 1 formed to make my zline a correct zline? A closed bearish candle above the previous bearish open, followed by a green to confirm.
[glow=red][/glow]

whew....
"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 » Sat Apr 06, 2013 12:39 pm

There are 2 steps. Learning how to draw them and learning how to trade or read them. We are still on step 1 unfortunately.

seacap wrote::shock: Seems like I am off-track. The price is above your bias line on M30, but you take a short trade off 5min chart...I thought we should take longs off lower tf charts as long as we are above ZLs on the higher TFs.

dojirock wrote:Drop a time frame....... Im gonna take there profits.....
"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 » Sat Apr 06, 2013 12:43 pm

The red line on the left is telling us our bias is long. There is no contrdiction to that all the way up. The yellow line is a lower time frame short zline. If I take the trade there anticipating the reverse is there, once im in the trade i hope for a short bias line to appear on the bias time frame chart. If im wrong I get stopped out with a small loss and try again when I get my next yellow line.

LegendofZline wrote:
dojirock wrote:Drop a time frame....... Im gonna take there profits.....


Are you marking up the yellow line after it crosses the pass green mbar... with a close over close under

I am having a difficult time finding the reason for marking this line...

Sorry Doji I feel like Im gonna bring us back to square one with this question...

This has got to be the longest game eye spy.... idk sorry not funny... crickets

ugh friday night woohoo Im loosing it....
"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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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