A fresh start! Doji's Trading Journal

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pariah
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Postby pariah » Tue Apr 09, 2013 1:23 pm

Hi Legend,

Man, you guys posted alot in the last 8 hrs.

The basis for my trading is understanding Supply and Demand levels/zones. I don't really understand what a zline is, but in my experience, I believe now that they are the same. The tasks for me is:

1. Where to find these zones

2. How price reacts when they reach these zones.

ie. This is my understanding of s d. S D zones are created where there is an imbalance of buyers or sellers.

a) These can be identified on a chart by looking for momo. Momo tells you that we have arrived at an s d area. This is an area where you draw lines (zlines, S/R, SD etc...)

b) Price will do one of two things, at these levels 1. Price will move away, or 2. Cross these levels. Again, momo will give you this information.

- Bodies in the direction of profit, wicks in the direction of loss.

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dojirock
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Postby dojirock » Tue Apr 09, 2013 1:29 pm

Nice trading News.

newscalper wrote:I'm long EU but not liking it atm
Image
Image
:?
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...."
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dojirock
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Postby dojirock » Tue Apr 09, 2013 1:37 pm

I feel a storm a brewing.......... Vampire_Smile
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!"

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newscalper
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Postby newscalper » Tue Apr 09, 2013 1:43 pm

I didn't get in at the bottom lol. Wasn't up at that time. I took the break of the cyan line which marked the M15 short Z-line. Had to sit through a fair bit of chop but didn't see anything significant to want to close. Should have held for more but hey ho :lol:

Price dropping again and there's a fair few z lines which are too near imo to risk the short so looking for another long.

pariah
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Postby pariah » Tue Apr 09, 2013 1:47 pm

mb trading has been screwing me over royally. Orders aren't getting filled and delays in closing.

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dojirock
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Postby dojirock » Tue Apr 09, 2013 1:53 pm

Is it time yet? or am I still hoping its time?
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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!"

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dojirock
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Postby dojirock » Tue Apr 09, 2013 1:57 pm

Looks like things are shaping up on E/J
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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!"

cwn6161
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Postby cwn6161 » Tue Apr 09, 2013 1:58 pm

Gonna work that into a longer term trade doji? Looking at the daily, the 50% mark of the last move is around 102.50.... care to hold for a couple hundred pips?

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newscalper
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Postby newscalper » Tue Apr 09, 2013 2:03 pm

IMO not yet Doji
Image

Line marks the M5 up bias zone and I'd want to see the HA close with the lower part of the body below it

If this next one closes strongly above the over line which is a red z line, it's going up for a while possibly.

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dojirock
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Postby dojirock » Tue Apr 09, 2013 2:06 pm

Spot on news....same thing here... I jumped in little early. ;(
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!"

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