A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Sat Apr 06, 2013 12:45 pm

seacap wrote: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.


Bingo!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
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trueblueTEX
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Postby trueblueTEX » Sat Apr 06, 2013 1:20 pm

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


Thanks, onontsira!!! I just realized that I have missed out on some of the middle of this thread. My bad!!

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Postby onontsira » Sat Apr 06, 2013 1:49 pm

dojirock wrote: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....


...or you played this one, back from 7th of february :shock: :lol:

I'm sure you looked at it :P
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pp2
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Postby pp2 » Sat Apr 06, 2013 2:46 pm

Hey doji, thanks for you patience, showing us what you know and keeping it simple! :D

Image

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newscalper
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Postby newscalper » Sat Apr 06, 2013 4:57 pm

trueblueTEX wrote:
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?


Someone may have already answered this as I haven't read through all the posts yet, its great to see the forum so busy again :)

Please look to the picture I posted up that says 'this is not a z-line'. I spelled it out, plain as day, no subterfuge or written in code - absolutely there in black and white (at last lol).

On the lower timeframe, yes, a z-line will take at least 3 candles to form.

It's the first time it has been explicitly put in those terms. I've been confused by it all along but it's this:

If you are looking at H1 and see a big H1 momo candle breakout of a small candle...it might look like a z-line but it isn't - you don't know where the zline is is for one thing.
In this instance H1 is your 'power chart' but your bias chart as Doji has termed it is on a lesser timeframe, say M30.


Now refer to the other picture I posted up

See this below?
Image

What is the phenomenon I'm illustrating there re profit and loss and stops etc?
Who wins and who loses and when?

Think about seeing held profit but that's not the whole picture, think about those same people moving from massive profit into loss and then shitting themselves trying to get back out for break even. When will they buy/sell, when will you buy/sell?
Forget the moving stop losses to breakeven idea, that's not it.

The problem with visualising it is that on the higher timeframe it actually looks like the momo bar breakout, stops to breakeven scenario but that's not it at all - look at the z-lines that form on the shorter timeframe.

Of the three timeframes you look for z-lines on the middles one, body showing the way on the higher one then try to get in on a wick on the lower one.

Image :)

So when you see a bias line form from a big, confirmed down move on M30 and then fail with H1 momo closing up over it, that's when you think 'long'

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seacap
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Postby seacap » Sat Apr 06, 2013 5:16 pm

Cool. Will wait for step 2 :idea:

dojirock wrote: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.....

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Postby LegendofZline » Sat Apr 06, 2013 5:25 pm

Once you find zline on higher 15mintf mark it up. Mbar with failed price

Watch price change color on said tf Once this happens
You trade toward it on lower tf with zline?

I still don't see the zline on lower tf where the yellow line is drawn....
Or is it just an mbar after Larger tf color change....


Image
Last edited by LegendofZline on Sat Apr 06, 2013 5:29 pm, edited 1 time in total.

LegendofZline
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Postby LegendofZline » Sat Apr 06, 2013 5:27 pm

dbl

FXfreak
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Postby FXfreak » Sat Apr 06, 2013 5:51 pm

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.

-> does the green candle (which confirms the zline) has to have a close above the red candle (the one which closed above the zline)?

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Postby newscalper » Sat Apr 06, 2013 5:55 pm

Image

Yeah, the line is there alright. I know mine's drawn slightly different as I used the lower re bar rather than the upper for the breakout line. Use te upper one and yo uhave Dojis line, a very thin one albeit.

I think Doji is looking to enter different trades to what I'm considering - I think he's looking to trade back from lower TF zlines to upper which is the way ES trades I believe but even then, if I was trading from a failed M30 line big guys cacking scenario and getting in on 5, I'd still be trading toward another area of held profit - have yo ugot other lines in that area Doji from higher TFs?

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