A fresh start! Doji's Trading Journal

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LegendofZline
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Postby LegendofZline » Wed Apr 10, 2013 5:23 am

pariah wrote:During the last month, the most distressing aspect of trading higher tfs was the SL variable. I didn't like the thought of drawing down 15-20 pips to have it hit my SL.

Decided that a single tf m5 is enough. Take 5 -10 pips at a time, risking only a couple.

I'm a scalper. I like taking money off the table as soon as I see it. I don't like to lose, but when I do, I want to give as little back as possible.

Goal: 100 pips a day

How to get there:
a) Standard SD rules + odd enhancers

b) Make upwards of 20 trades per trading session.

I don't want to intrude on doji's thread, so I will probably start my own.

*Tight stops is my happy place* lol.


pariah I would like to see how you would determine you sd rules + odd enhancers. Please let us know if you start your own thread.

I see momo but I don't get some lines that are determined....
Is it Pass bars opens and close passed by momo bar only at the peak before the move?

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newscalper
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Postby newscalper » Wed Apr 10, 2013 8:37 am

LegendofZline wrote:
pariah wrote:During the last month, the most distressing aspect of trading higher tfs was the SL variable. I didn't like the thought of drawing down 15-20 pips to have it hit my SL.

Decided that a single tf m5 is enough. Take 5 -10 pips at a time, risking only a couple.

I'm a scalper. I like taking money off the table as soon as I see it. I don't like to lose, but when I do, I want to give as little back as possible.

Goal: 100 pips a day

How to get there:
a) Standard SD rules + odd enhancers

b) Make upwards of 20 trades per trading session.

I don't want to intrude on doji's thread, so I will probably start my own.

*Tight stops is my happy place* lol.


pariah I would like to see how you would determine you sd rules + odd enhancers. Please let us know if you start your own thread.

I see momo but I don't get some lines that are determined....
Is it Pass bars opens and close passed by momo bar only at the peak before the move?


S/D rules and odds enhancers are straight from Seiden, all good stuff but not how Zlines are drawn and one of the reasons so many people have been confused about it for so damn long.

This is a step by step explanation to draw z-lines
Image

Note: M30 chart

Line 1
Red candle closes
Green candle closes
Green candle closes
Green candle closes
Green candle closes
Red candle closes
(= 4 green candles = 1 green combined candle)
Red candle closes
Red candle closes
Red candle closes
Green candle closes
(=3 red candles = 1 red combined candle)
Place green X over green candle = end of red combined candle = possible zline formed
Can we draw a green line. Where? Where was the breakout? (red green).
If we draw a line from here has the red combined candle closed above it?
If yes, draw green line


Line 4
Green candle closes
Red candle closes
Red candle closes
Red candle closes
Green candle closes
Follow further rules from above, if valid, draw red line

Now see H1 chart

Image

Hmm.....I wonder why the overnight range was there?

From our M30 drawn zlines, to go LONG, price must break out of SHORT zline a good H1 closes?
Was there a good H1 closes above the RED zline?....maybe, maybe not

Further action
Image

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Postby newscalper » Wed Apr 10, 2013 8:58 am

Some more things I've been pondering: I'm not a scalper by nature and with good reason therefore trading in and out of a tiny range is not what interests me. I know the odds of doing anything with it are poor and you're paying most of what you make, if you make, to the broker.

If price is in a range and you see profit you want to trade towards, how do you know when price is moving out of the range?

It seems to me there will be a number of z-lines created both above and below price. Each time each one gets wicked it will get weaker. Whether one wick is enough to clear one...hmmm

But a clean break above or below the outer z-line after a series of the others being broken or wicked looks more promising...
Image

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onontsira
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Postby onontsira » Wed Apr 10, 2013 10:30 am

Trying to build confidence... not easy but it works ok until now... :oops: :smt041

1st entry should have been better...
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pariah
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Postby pariah » Wed Apr 10, 2013 1:39 pm

"S/D rules and odds enhancers are straight from Seiden, all good stuff but not how Zlines are drawn and one of the reasons so many people have been confused about it for so damn long."


New,

The reason why I went back to using S D on the smallest readable TF is because of exactly how zlines and SD were defined to me. 'Held profit' vs 'awaiting orders'. Whats the difference. There is no difference... they are one in the same.

Price goes from an area, returns to that area, price will then react at this area.

Why do I need momo on a higher tf to help me see where price is going. The m5 charts tells you that already. If you have a momo on h1 it will appear as a rally/drop on the m5. (thus creating s d zones)

**draw proper SD zones on the m5 you will definitely find them as zlines on your h1.
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pinux1976
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sos

Postby pinux1976 » Wed Apr 10, 2013 1:43 pm

hi onontsira can you help me to understand better
i'm a super beginner with a lot of doubt

thanks in advance
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pariah
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Postby pariah » Wed Apr 10, 2013 1:44 pm

Draw your zones. Set SL, Make money.
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Postby newscalper » Wed Apr 10, 2013 1:53 pm

pariah wrote:"S/D rules and odds enhancers are straight from Seiden, all good stuff but not how Zlines are drawn and one of the reasons so many people have been confused about it for so damn long."


New,

The reason why I went back to using S D on the smallest readable TF is because of exactly how zlines and SD were defined to me. 'Held profit' vs 'awaiting orders'. Whats the difference. There is no difference... they are one in the same.

Price goes from an area, returns to that area, price will then react at this area.

Why do I need momo on a higher tf to help me see where price is going. The m5 charts tells you that already. If you have a momo on h1 it will appear as a rally/drop on the m5. (thus creating s d zones)

**draw proper SD zones on the m5 you will definitely find them as zlines on your h1.


That's all very true but when you have different people singing slightly different things from slightly different hym sheets, showing them from different time perspective charts so they look almost the same as from the other hymn sheet leads to everyone getting confused as *censored - swear word*.

Doji is using combined candles to draw zlines on the way up, looking for a break down etc to go down

What does Seiden do? Looks for congestion breakouts and return to congestion, using multiple timeframes, similar but not the exactly the same, and the problem with that method is: how far exactly do you look to the left? And you have to be clear about what you do in the event of a retrace or in the event of a break.

Doji has spelled it out using 3 timeframes. Is anything by Seiden or anyone showing Seidens methods as clear and as simple as that?

Mix the two and you end up with what MO keeps warning about i.e. a line in your way and S/R holding when you need to be thinking about S/R breaking.

It is the same concept but it's flipped on its head.

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onontsira
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Re: sos

Postby onontsira » Wed Apr 10, 2013 1:58 pm

pinux1976 wrote:hi onontsira can you help me to understand better
i'm a super beginner with a lot of doubt

thanks in advance


Hi pinux,

I'm a beginner as well. Here is what I understand:
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Re: sos

Postby onontsira » Wed Apr 10, 2013 2:04 pm

pinux1976 wrote:hi onontsira can you help me to understand better
i'm a super beginner with a lot of doubt

thanks in advance


Once on M5, or M15, you search for the same pattern.

If it breaks, you look for an inverted pattern.

Concerning the pic bottom, same process, but inverted: demand on M30, look for long momentum on a lower TF. You can see that my lower M5 zl is broken up by momentum: go long!

Hope you understand. And hope I'm correct :oops:

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