A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Apr 09, 2013 6:01 am

I trade broken zlines!

Depends how you see the chart.
Look at my drawing, one could say I am trading away from zlines below me, with them. OR
one could also say I take trades when a opposite zline breaks.

Both are right.
Right now I am trading short because I know all broken long zlines will retrace some. Im in a countertrend.
"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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Postby LegendofZline » Tue Apr 09, 2013 6:02 am

MightyOne wrote: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.


Before prices move you can see in the two 2cc charts they both had momentum behind them? I am a novice mo...

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dojirock
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Postby dojirock » Tue Apr 09, 2013 6:03 am

thanks mo!

You know i wont stop yet today....lol
too easy.



MightyOne wrote:Grats on your 20 pips today dojirock :)
:D
"A small loss is just as satisfying as a large gain" -MO

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dojirock
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Postby dojirock » Tue Apr 09, 2013 6:05 am

LegendofZline wrote:
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.
Laugh_Smile
YEP!
"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 » Tue Apr 09, 2013 6:10 am

with lines
Attachments
21lvqky.png
21lvqky.png (33.89 KiB) Viewed 214 times
"A small loss is just as satisfying as a large gain" -MO

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Postby MightyOne » Tue Apr 09, 2013 6:13 am

LegendofZline wrote:
MightyOne wrote: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.


Before prices move you can see in the two 2cc charts they both had momentum behind them? I am a novice mo...


Keep in mind this is me marking a chart as fast as I can:

Image

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Postby MightyOne » Tue Apr 09, 2013 6:20 am

and yes, the next lower S/D level is ~3008 as marked on Doji's chart

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Postby LegendofZline » Tue Apr 09, 2013 6:21 am

MightyOne wrote:
LegendofZline wrote:
MightyOne wrote: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.


Before prices move you can see in the two 2cc charts they both had momentum behind them? I am a novice mo...


Keep in mind this is me marking a chart as fast as I can:

Image


When s/d was made on first chart...
In the same chart but different shift s/d was made going down... Stay in trade first s/d area is hit..
I think...

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Postby LegendofZline » Tue Apr 09, 2013 6:26 am

dojirock wrote:with lines


[s]Both charts with the 2cc chart shifts show break of zline.[/s]
Well looking at it further more.
It looks like the middle chart has a long zline break Down.
Last chart to the right shows a Shart zline break long.


I am not sure what the first chart to the right is showing just yet..
Last edited by LegendofZline on Tue Apr 09, 2013 6:37 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 6:35 am

Legend,

we didn't expect a rise so the 1-2-3 on the right hand chart found the buyers and we used that S/D to project the next lower.

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