A fresh start! Doji's Trading Journal

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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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"A small loss is just as satisfying as a large gain" -MO
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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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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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Postby dojirock » Tue Apr 09, 2013 2:06 pm

Spot on news....same thing here... I jumped in little early. ;(
"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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Postby LegendofZline » Tue Apr 09, 2013 2:16 pm

pariah wrote: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.


Thanks pariah

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Postby newscalper » Tue Apr 09, 2013 2:18 pm

I think they might have been 1 minute zones I drew actually - the 5s had already been wicked out. It's going long anyway :lol:

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Postby newscalper » Tue Apr 09, 2013 2:23 pm

just gone long Eu again too - price at a line, saw it break up of a 1 minute z line on the 5 minute, in long. Using HA to see if I can hold on this time

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Postby dojirock » Tue Apr 09, 2013 2:31 pm

Closed out on CHF/JPY.

Be careful on EU, were right in a tugawar zone.
"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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Postby newscalper » Tue Apr 09, 2013 2:31 pm

Nah, EU out for a small loss

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Postby dojirock » Tue Apr 09, 2013 2:37 pm

That makes you a winner when you know how to lose!
"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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