A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 5:11 pm

lazygeorge wrote:Just a brainstorm....:)

what do you think MO :)


Image


It is ok to search for S/D, but you should not actively draw S/D in front of your orders when in a trade, especially as a novice trader.

All S/D will do for you is stop you from getting anywhere on the chart.

As you become more skillful, you can use it for take profit areas and fine tuning entries; which usually means either more lots per trade or completely missing out on the move or fewer lots in a desperate attempt to get some piece of the move :lol:

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Postby MightyOne » Tue Apr 09, 2013 5:17 pm

The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

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newscalper
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Postby newscalper » Tue Apr 09, 2013 5:37 pm

MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?

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Postby MightyOne » Tue Apr 09, 2013 5:46 pm

newscalper wrote:
MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?


:)

I avoid OPEN and CLOSING prices for their randomness.

Both the 1 MA and 4 SMMA are HL/2

One interesting fact about SMMA's is that they are almost identical between shifts :shock:

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Postby MightyOne » Tue Apr 09, 2013 5:56 pm

My new path was inspired by dchappy's thread:

http://kreslik.com/forums/viewtopic.php?t=2968&start=0

Just goes to show that we all learn things by watching one another; it is not completely one sided.

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Postby newscalper » Tue Apr 09, 2013 6:47 pm

MightyOne wrote:
newscalper wrote:
MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?


:)

I avoid OPEN and CLOSING prices for their randomness.

Both the 1 MA and 4 SMMA are HL/2

One interesting fact about SMMA's is that they are almost identical between shifts :shock:

Ah, ok. Thanks.

it's essentially an approximation of the next TF up HL/2 then like a MTF Dragon Ashi

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Postby newscalper » Tue Apr 09, 2013 7:00 pm

Image
Should have held out as price still closing above my lines from M5 but, not half bad :lol:

FXfreak
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Postby FXfreak » Tue Apr 09, 2013 8:16 pm

doji, are my short zlines correct?

looks like short might be soon on the way....

i hope so... ;-)
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newscalper
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Postby newscalper » Tue Apr 09, 2013 9:02 pm

Almost
Image

Refer again to my 'this is not a line' graphic and read the text. Why is your top line, not a line unti at least the current candle closes?

FXfreak
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Postby FXfreak » Tue Apr 09, 2013 9:20 pm

because we need a red candle for confirmation after my zline broke?

:-)

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