A fresh start! Doji's Trading Journal

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pariah
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Postby pariah » Tue Apr 09, 2013 5:15 am

You guys let me know how it turns out. I gotta crash, exam mid morning.

later.

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 5:16 am

cwn6161 wrote:So many ways to skin that pip cat. What method helps you SEE where price stalls and reverses, or stalls and blasts forward again?


Good read, good read...

I would add that, because of the prev. strong rise in price & your bottom 1-2-3 looked like perfect resistance, you should buy immediately.

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dojirock
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Postby dojirock » Tue Apr 09, 2013 5:18 am

short zlines
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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 » Tue Apr 09, 2013 5:27 am

pariah wrote:Legend,

Zline taken from previous supply Mar 25. That is why you see an early reaction in price.

I'm waiting for momo and zline confirmation up, before I buy.

This may be Supply becoming demand...


I always try to apply the WickDoll principle.

'Bodies show the way, wicks show not the way' Momo, wicks at zline. Trade with momo.


Pariah I will sum up what I see both in the charts and what's actually happening with traders emotions... Thanks Please let me know if this is not close of what you are seeing and doing.

So when we see price jump with momentum you are marking up the past s/d that are closed over. You wait for the price to hit these areas... and watch for rejection

So what actually is happening is we see price jump with momentum that is showing people are being zeroed out... So when people are finding themselves behind the trade they are getting zeroed out... So traders that were up are now just trying to get out the trade by having zero or small lost... forcing the price to continue on

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dojirock
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Postby dojirock » Tue Apr 09, 2013 5:42 am

Legend,

Try this out, now this is simplicity.

Draw zlines, Trade it when it breaks.

To trust it is to observe.
How many different things do you notice. Don't rely on anything that you would only see in hindsight.
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eurusdm15.png
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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!"

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 5:47 am

All three charts are the same time frame:

Image


In 2xCC, two 30 minute charts is a 15 minute chart because you get an open on one chart or the other every 15 minutes.
Last edited by MightyOne on Tue Apr 09, 2013 5:55 am, edited 1 time in total.

LegendofZline
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Postby LegendofZline » Tue Apr 09, 2013 5:48 am

dojirock wrote:short zlines


So after we have 30min bias is long

On the 15 you are trading countertrend trade back towards the 30min bias when zline is formed on 15min and fails...

You marked up the zlines going down i see those.. I missed those trades..

So now I am only looking for a trade up?
But for you to trade back up you are looking to find price break the 15min zlines that were going down with a mbar

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dojirock
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Postby dojirock » Tue Apr 09, 2013 5:56 am

Im with ya mo...
Gonna watch these for a few weeks!
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"A small loss is just as satisfying as a large gain" -MO

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"Once you stack, you'll never go back!"

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 5:57 am

Grats on your 20 pips today dojirock :)

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Postby LegendofZline » Tue Apr 09, 2013 5:58 am

dojirock wrote:Legend,

Try this out, now this is simplicity.

Draw zlines, Trade it when it breaks.

To trust it is to observe.
How many different things do you notice. Don't rely on anything that you would only see in hindsight.


When price breaks zline that are marked. Price moves away from zline marked.

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