I finally find a short zline on M15 and go long at the up arrow.
If that is correct, I end up with 50+pips of dd before price actually goes up.
Am I still doing this correctly?
Edit: actually I found TWO short zlines and go long on break of second...
A fresh start! Doji's Trading Journal
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- trueblueTEX
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Last edited by trueblueTEX on Sun Apr 07, 2013 10:28 pm, edited 1 time in total.
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- trueblueTEX
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- dojirock
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All 3 shifts are short bias. Broken Long bias if you look left..I didnt draw the line. So where are we going? My stop is at the top.
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It always takes Momentum to break Momentum!
"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!"
"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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Can you see the red zline. This 5 min chart with 3cc could just be the trade to retrace back when the bias on the 30 min 3cc (m90) is actually still long. If it breaks that with momentum...were going down...
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It always takes Momentum to break Momentum!
"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!"
"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!"
- trueblueTEX
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MightyOne wrote:cwn6161 wrote:MightyOne wrote:I used 3xCC to find S/D before switching over to a 2xCC for the sake of simplicity.
A question I often get is, "what if I don't get the patterns: large-smaller-smaller or small-larger-larger, how will I feel for S/D?".
The answer is that you really need multiple versions (shifts) of the same period:
For instance, you start with a day created from three eight-hour periods.
You then shift the start time forward eight hours for the second chart and another 8 hours for the third chart leaving you with three versions of the daily chart.
In 3xCC there are 3 shifts and in 2xCC there are two possible shifts.
As you have seen, it is possible to feel for S/D without shifts but you will often need to use a bit of added guesswork.
With multiple monitors your setup might be:
2xCC or 2 versions of a period to feel for S/D
Heiken-Ashi, Line Chart, & Point N Figure for a more rounded perspective
-The Bible says that many advisors (different perspectives) makes victory sure.
I had tried HA for some time but was always confused in areas of congestion. The bar patterns are easier to see IMO and give you nice places to stop and plan for future movement.
This is how I most commonly use HA:
Can you tell what I am doing?
Heh yeah, I see where you're going with this. The whole concept is like a Where's Waldo book. If you know what Waldo looks like you can find him in any picture.
- trueblueTEX
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Hey MO,
I've spent the last 2 hours reading your posts in NLA. I've never read these before!!! From 2008.
I started in 2010 and never read more than a smattering of that thread but read the DTB threads instead.
I have never understood what people meant when they said "held profits" but I think I see after reading your posts back then.
I also never thought of the connection to break outs. I'll keep reading tomorrow.
I've spent the last 2 hours reading your posts in NLA. I've never read these before!!! From 2008.
I started in 2010 and never read more than a smattering of that thread but read the DTB threads instead.
I have never understood what people meant when they said "held profits" but I think I see after reading your posts back then.
I also never thought of the connection to break outs. I'll keep reading tomorrow.
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