A fresh start! Doji's Trading Journal

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LegendofZline
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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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newscalper
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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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newscalper
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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

Image

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dojirock
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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.
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 2:31 pm

Nah, EU out for a small loss

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

That makes you a winner when you know how to lose!
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 2:44 pm

And chf. Right royally cocked that up.

And back in swissy, view still the same as before - zero out 330 maybe 488

pariah
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Postby pariah » Tue Apr 09, 2013 2:54 pm

I've never used cc's exclusively.

Is this going up? And using CC's where is the next supply level? The red box area?


Doji,

Can you explain how you use the HA indicator. I'm confused as the 4ema, mid points etc...

Thanks.
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newscalper
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Postby newscalper » Tue Apr 09, 2013 3:13 pm

Look at both shifts of the custom candle

Image

you could put another red line up the top - I've not put it in on this shift

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Postby lazygeorge » Tue Apr 09, 2013 3:18 pm

newscalper wrote:Look at both shifts of the custom candle

Image

you could put another red line up the top - I've not put it in on this shift



How do you see various shifts?

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