A fresh start! Doji's Trading Journal

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trueblueTEX
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Postby trueblueTEX » Sat Apr 06, 2013 6:34 pm

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.


Been practice drawing zlines this morning.

I got step ONE down, now!! \:D/ \:D/ :smt041 :smt041

Hopefully, I will be a quicker study for step TWO. (doji, MO, and PT whisper "god, I hope so!") :lol:

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Postby dojirock » Sat Apr 06, 2013 7:44 pm

No the green candle for confirmation can close at 1 pip high or 60 pips high....it just needs to close green. That tells us that the red run up is done that forms our zline.

FXfreak wrote: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)?
"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 » Sat Apr 06, 2013 7:51 pm

News, Your top blue zline on a 5 min is correct. Then see how price retest it after the line is drawn? This will fail or break. Just to be clear on the terminology or this will cause problems too in the near future.lol Fail means price retest and fails to close back below it. Break means price retest it and closes back over the zline. This is where I use one time frame higher. Once it closes back over the zline on the next time frame up that tells me go short...the long zline broke. & low and behold price goes down.

Im not sure if i answereed your question and I cant draw on your chart due to you guys need to attach as files if you want me to do that. I wont recreate what you have drawn on mt4. that would be spoiling you all. lol



newscalper wrote: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?
"A small loss is just as satisfying as a large gain" -MO

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Postby dojirock » Sat Apr 06, 2013 9:46 pm

OK, I think a few of you guys are now onboard.
Here is a chart just showing 30 min bias zlines..... only 3 of them...
they are the only 3 there are the whole run up.

observe

2 closes higher than 1 = long bias line
B closes higher than A = long bias line
2 closes higher than 1 - long bias line

lets crawl here...don't start running yet...you will fall on your face.
Attachments
eurjpym30bias.png
eurjpym30bias.png (34.06 KiB) Viewed 343 times
"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 » Sat Apr 06, 2013 9:56 pm

Once my zlines are drawn. I stated I move up one time frame. It takes momentum to break a zline. I want to see 1hour or higher momentum break these lines before going short.

The 1st, bottom zline has had no return yet...so we skip it.

The next zline has on this hourly chart an attempt to retest it with a result of failing to do so. A down candle, a up candle. Since this line failed...I go long. Keep it simple.

The next zline has an attempt also, it gets wicked then a up candle. Another fail, I go long. Keep it simple.

The vertical lines are just to show points of reference from when the zlines were drawn so we can see that when we switch time charts.

Did you notice looking at the 30 min chart price did close below the line? It fools you. We want to see a stronger momentum. Thats why I personally move up a time frame.

Still with me....

??
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eurjpyh1fail_break.png
eurjpyh1fail_break.png (38.4 KiB) Viewed 338 times
"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 » Sat Apr 06, 2013 10:06 pm

If your lost on the last 2 pics, dont go any further!

This pic is at the point of the retest, on a 15 min chart, the entry chart.
This gives me my added comfort that I will be correct.

So think through it. We have a long bias line on the 30 min.
Confirmed by a fail to close below on the hourly. (no momentum to break the long bias line)

This chart shows the short zlines in green. Why the short ones if we are long bias. Because we are looking for the short green zlines to BREAK which will confirm out long bias direction.

They both break!... Im in for longs at the arrows!

Keep it simple.
Attachments
eurjpym15confirmation.png
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Last edited by dojirock on Sat Apr 06, 2013 10:14 pm, edited 1 time in total.
"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 » Sat Apr 06, 2013 10:12 pm

Now do you understand why so many new traders are always on the wrong side of the zline. We dont trade the zline bias per say as it forms....we cant...its already moved.... Its when it gets zeroed out that we take advantage of the fail or break and knowing which way to go.
these long zlines that I have drawn here can only be traded at the point of origin by looking left, history trading, the past, people still in profit, we will claim it. Once we can feel and see there fears, emotions, and profit on the table. This is the best way I can explain how we see it. We meaning, Dragon, es/pip, and myself. I learned from them. Es/pip loved to trade back to zlines. Dragon uses 4hr, 1hr and 15 min charts.... Im not telling you guys anything that hasnt been said many times before, just the Doji way.
lol
:D :D
"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 » Sat Apr 06, 2013 10:35 pm

dojirock wrote:Now do you understand why so many new traders are always on the wrong side of the zline. We dont trade the zline bias per say as it forms....we cant...its already moved.... Its when it gets zeroed out that we take advantage of the fail or break and knowing which way to go.
these long zlines that I have drawn here can only be traded at the point of origin by looking left, history trading, the past, people still in profit, we will claim it. Once we can feel and see there fears, emotions, and profit on the table. This is the best way I can explain how we see it. We meaning, Dragon, es/pip, and myself. I learned from them. Es/pip loved to trade back to zlines. Dragon uses 4hr, 1hr and 15 min charts.... Im not telling you guys anything that hasnt been said many times before, just the Doji way.
lol
:D :D


BINGO!!! I get exactly what you are doing! I never read Dragon's thread (only some of his posts in NLA) and only some of es/pip's posts in other people's threads.

I'll have to "think" about what you are envisioning when y'all talk about the other traders and where they are on the chart, the profit/loss they are holding.

I will tell you that I've seen the 2 different (long and short) zlines on so many charts here on Kreslik and I didn't get it before.

BUT NOW I DO!!
Dolar_Smile

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Postby Humble » Sun Apr 07, 2013 4:49 am

PebbleTrader wrote:Isn't it interesting how one person can see "gold" in an illustration and another see nothing at all...

or

The same person see the same illustration a year later and than see "gold"


Very interesting seeing as I'm with the later, although doing it in a year is a bit of a stretch!
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby Humble » Sun Apr 07, 2013 5:09 am

PebbleTrader wrote:I do look forward to the day when Zlines are no longer being discussed :)


New peeps are always going to come along and run into this concept for the first time, or old peeps revisit and have another go having missed the point the first time.

I can remember without much difficulty, the difficulty I had in getting my head around this concept! There is also a problem with the Z/line posts they need to study, being spread all over the forum and amongst so many other posts.

MO was going to write an ebook at one time but thought better of it. Fair enough, but it would be nice to have one central place to refer peeps to saying study this for a month and then come back and ask questions.

I think doji is making a tremendous effort here and deserves all the support we can offer.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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