A fresh start! Doji's Trading Journal

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FXfreak
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Postby FXfreak » Sun Apr 07, 2013 4:39 pm

doji said that we have to get a red close above red open and another green candle.

now in this picture he marked the second red candle and said that this now is confirmation.

this is what i don't understand ;-)

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trueblueTEX
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Postby trueblueTEX » Sun Apr 07, 2013 4:49 pm

FXfreak wrote:doji said that we have to get a red close above red open and another green candle.

now in this picture he marked the second red candle and said that this now is confirmation.

this is what i don't understand ;-)

There's a green candle after the second red candle.

It's NOT confirmed until a new candle closes in the opposite direction ie, the green candle after the second red candle. If there had been 6 red candles (and the H1 had NOT closed back over the yellow zline!!!) there would be no confirmation until the 7th candle closed green.

I think I'm stating this correctly. :-)

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trueblueTEX
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Postby trueblueTEX » Sun Apr 07, 2013 4:55 pm

LegendofZline wrote:... after the 3 redline mbars wouldn't that be considered trend down...
And wouldn't that look like a retest fail pattern on the 2nd bottom red zlines
...


Let's keep it simple like doji said and wait for him. I am afraid that I might misuse or misunderstand the terminology and I don't want to confuse anything in my mind or yours.

LegendofZline wrote:Pebble is there an explanation why a larger zig zag would help?


Yeah, I would like to "see" a chart or two showing what he has found out.
:smt026

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MightyOne
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Postby MightyOne » Sun Apr 07, 2013 5:28 pm

"Interesting, are you learning Chinese MO? Very creative.

Ni hao ma! -PP2


I'm learning Chinese, Spanish, and written Hebrew.

For Spanish I use Fluenz software

For Chinese I use the link in my signature & for written Hebrew I use Zola's Introduction to Hebrew & some calligraphy markers

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trueblueTEX
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Postby trueblueTEX » Sun Apr 07, 2013 5:38 pm

Hola, sen~or MO! Como te van las cosas? Aprendi' el espan~ol in Costa Rica y despues pasaba dos an~os en la Argentina donde me puse' tan porten~o que hablo el Castellan~o estilo argentino!

I don't know how to make ~ or ' appear over the letters nor know how to make upside down ?! marks.

I read Spanish short stories and am working on a novel by Manuel Puig.

I have a bunch of stuff for Homeric Greek and Old English but have not gotten into it, yet.

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dojirock
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Postby dojirock » Sun Apr 07, 2013 5:42 pm

True, your right....

I combine like colored candles....always have. You need to have a opposite colored candle to confirm.
"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 5:53 pm

doji, do you get up and trade during the London session?

Do you focus on just a couple of pairs?

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dojirock
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Postby dojirock » Sun Apr 07, 2013 6:04 pm

I have transitioned to New York Session only. The late night Londons which is 3:00am here was killing me. I work 10 days 6 days a week.
But the switch to New York was one of my steps towards my goal of trading full time. But Im still adjusting. I have always been a nightowl.
"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!"

cwn6161
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Postby cwn6161 » Sun Apr 07, 2013 6:06 pm

just looking for some clarification here - arent all zlines trying to accomplish is just s/d areas and whether or not price respects the s/d and reverses, or blows through it and creates a new trend?

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dojirock
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Postby dojirock » Sun Apr 07, 2013 6:14 pm

yes, cwin your right on the mark.

That's all i'm doing, but using a higher time frame for a bias of s/d and a lower time frame to get the best price off the higher s/d.
Dragon does't the same, with 3 time frames.
I have known that for a long time, its coming up with a way you can recognize and pull the trigger while live trading that is the key. When I lose, my losses are small. Winners are bigger. But Im sure you can tell now how easy it is for me to hit my 20 pips a day minimum goal?




cwn6161 wrote:just looking for some clarification here - arent all zlines trying to accomplish is just s/d areas and whether or not price respects the s/d and reverses, or blows through it and creates a new trend?
"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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