A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Sun Apr 07, 2013 6:24 am

"...MO was going to write an ebook at one time but thought better of it... -Humble


You want a book from MO? You cant handle a book from MO! ;)

But if you want to improve as a trader then study books like this:

Image


http://sixpeppers.com/ :lol:
Last edited by MightyOne on Sun Apr 07, 2013 7:23 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Sun Apr 07, 2013 6:35 am

When you study things like poker, Chess, or even do Sudoku puzzles you get better at solving problems.

The better you are at solving problems the more faith you are going to have in yourself and your ability to turn hints into new strategy.

http://chessmasterschool.com/

don't ask me how many things I do at once :lol: I grow bored easily...

Dan
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Postby Dan » Sun Apr 07, 2013 7:37 am

Simple question to clarify things for me..

Doji are you drawing zlines on your bias chart different to the charts you trade off? Isn't a zline a zline or have I been doing it all wrong?

If you want to short circuit all this confusion can I suggest a short video to explain things because I still think this environment is a problem even with your clear instructions. Name your price buddy, i'll pay just to end the confusion that is making me second guess myself and putting me off course.

pp2
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Postby pp2 » Sun Apr 07, 2013 8:17 am

Interesting, are you learning Chinese MO? :) Very creative.

Ni hao ma!

seacap
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Postby seacap » Sun Apr 07, 2013 8:35 am

Ok Doji, your explanation is clear. One question though. Your top line was tested and you went long. But soon after price closed below that line. Does it change our bias to short or we do not look at this line after it was tested once?

dojirock wrote: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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dojirock
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Postby dojirock » Sun Apr 07, 2013 1:18 pm

Yes, but ask your self for a plan, short to where? The next zline hopefully right? Then reevaluate. Follow price.
"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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trueblueTEX
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Postby trueblueTEX » Sun Apr 07, 2013 1:51 pm

MightyOne wrote:When you study things like poker, Chess, or even do Sudoku puzzles you get better at solving problems.

The better you are at solving problems the more faith you are going to have in yourself and your ability to turn hints into new strategy.

....


Funny you say that, MO. I started playing spider solitaire a lot on my phone a few years ago during bored times. I noticed early on that I would "feel" bad if I had a losing hand. When I realised that I was having an emotional reaction to losing at solitaire, I worked on it. Now, I laugh when I get a bad hand and once I "know" it's a losing hand I just start over with a new game.

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Postby trueblueTEX » Sun Apr 07, 2013 2:00 pm

MightyOne wrote:
Image


:lol:


That's not a story about how much pot you had in Omaha, is it?
:lol:

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trueblueTEX
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Postby trueblueTEX » Sun Apr 07, 2013 2:54 pm

seacap wrote:Ok Doji, your explanation is clear. One question though. Your top line was tested and you went long. But soon after price closed below that line. Does it change our bias to short or we do not look at this line after it was tested once?

dojirock wrote: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....

??


Seacap,

If I'm reading this correctly, while the last (top) long zline was broken, there was a new m15 short zline created (upper right) before the H1 break of the most recent long zline. And immediately after the close under, a new m15 short zline is created again and it fails before doji's second long arrow.


Of course, I suppose you could have shorted at the close under and go down to the next zline (which is indeed where price went) and then turn around and go long like doji did at the second up arrow.

Comments on my chart markup??

I'm not 100% certain I've used the correct terminology in my comments above (I didn't use words like "fail" for example.) edit: whoops, yes I did say "fail" just not sure if I used it correctly!!
Attachments
m15 shows another long.JPG
m15 shows another long.JPG (63.13 KiB) Viewed 270 times

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dojirock
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Postby dojirock » Sun Apr 07, 2013 3:10 pm

True,

Nice, you do have it.... yes the top zline short which you spotted can be traded short keeping in mind that the bias is still long, so your short would be a countertrend. There was a good 40 pips there.
You just need to remember where you are.

Nice! Glad to see someone picked it up!
"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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