A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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trueblueTEX
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Postby trueblueTEX » Mon Apr 08, 2013 2:28 am

dojirock wrote: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.


Doji, you Rock!

As soon as I saw your post I opened an M30 chart but didn't see any zlines.

Price came down real nice regardless of what I didn't see ;-)

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MightyOne
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Postby MightyOne » Mon Apr 08, 2013 3:19 am

2xCC is plenty of information.

In 3xCC you will notice that 2 of the 3 charts give you nearly the exact same information.

You just construct your 30 minute using 2 15-minute periods and then shift the start time forward by one period for the second chart.

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Postby cwn6161 » Mon Apr 08, 2013 3:36 am

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:

Image


Can you tell what I am doing? :lol:


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.

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trueblueTEX
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Postby trueblueTEX » Mon Apr 08, 2013 3:57 am

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.

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Postby onontsira » Mon Apr 08, 2013 2:53 pm

Hi there!

Doji, here is what your teaching made of us...

WINNERS!!!

:smt040 :smt040 :smt040

:smt035 :smt035 :smt035

Thank you Doji for your patience and your step by step teaching!!!

Thank you to MO, of course, without whom nothing would have ever happen here. I read KR for about 2 years now and today was my best trading day ever thanks to what I have learned the last few days...

Thank you to all the contributors who ask good questions, so that slow minded like me can be provided good answers.
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pariah
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Postby pariah » Mon Apr 08, 2013 3:20 pm

50 or so pips today so far, in a market that isn't really moving so much.

I should add another 70 if both sells hit tp.


I don't think I'll be posting that much, Kreslik does take alot of time out of your actual trading schedule...

Thanks again.
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pariah
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Postby pariah » Mon Apr 08, 2013 3:47 pm

out. Over 100pips today.

:shock:
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dojirock
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Postby dojirock » Mon Apr 08, 2013 6:08 pm

Nice Pariah,

Its apparent you already had this down....
"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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Postby dojirock » Mon Apr 08, 2013 6:14 pm

EUR/USD 15

2CC
Broken up zline
2 down zlines
short
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"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!"

LegendofZline
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Postby LegendofZline » Mon Apr 08, 2013 6:47 pm

This might be a dumb question....

Is 2 zlines down important
Or Having just one zline cross over down previous up zline good enough?

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