A fresh start! Doji's Trading Journal
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- newscalper
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pariah wrote:You had the same setup on EU.
I picked swiss, as it reacted first. But the EU setup was cleaner.
Demand, Fib, buy.
Took it on its way down but failed to take it on its way up... I should maybe remove the BB as it seems to keep me trading in a "box"?...
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- eurusdm1511042013.GIF (23.2 KiB) Viewed 3589 times
Hi guys,
Got a question...
I first make analysis on high TF, and then trade from lower tf... with momentum once high TF candle closes.
At the moment, I trade from M5, with momentum once M30 candle close.
I got lag, that's my problem...
We know that momentum starts on small time frame, and that we are supposed to see it forming and go to an opposite higher TF ZL. I would like to know if it is possible to trade directly "in the wick", without waiting for the candle to be closed. Because if I want to trade H8, for example, instead of M30, and wait for the candle to close, my stop will be very far... (assuming I put my stop beyond the last extreme)
I mean:
1/ find a ZL on H8 for example (instead of M30)
2/ still trade from M5
3/ but more important: now targeting the opposite H8 ZL
Same small risk, but no confirmation...
Bigger RR ratio possible?... don't know if some here manage to trade like this. Is that finally the whole purpose of this concept?
What do you think?
ps: hope my question is clear enough because english is not my mother tongue
Thank you
Got a question...
I first make analysis on high TF, and then trade from lower tf... with momentum once high TF candle closes.
At the moment, I trade from M5, with momentum once M30 candle close.
I got lag, that's my problem...
We know that momentum starts on small time frame, and that we are supposed to see it forming and go to an opposite higher TF ZL. I would like to know if it is possible to trade directly "in the wick", without waiting for the candle to be closed. Because if I want to trade H8, for example, instead of M30, and wait for the candle to close, my stop will be very far... (assuming I put my stop beyond the last extreme)
I mean:
1/ find a ZL on H8 for example (instead of M30)
2/ still trade from M5
3/ but more important: now targeting the opposite H8 ZL
Same small risk, but no confirmation...
Bigger RR ratio possible?... don't know if some here manage to trade like this. Is that finally the whole purpose of this concept?
What do you think?
ps: hope my question is clear enough because english is not my mother tongue
Thank you
ono
Momo, zlines, sd occur on any tf. The question is, how much do you want and expect to take.
On smaller tf's you are taking a few, Larger you are taking more.
Dragon said one time ~ price goes from zline to zline. I see it now as price going from s to d, and d to s.
When on higher tf's price will not go straight from s to d or d to s. Dragon in is past charts, bought and sold on his way to h4 zlines, but his larger targets (at the time) were from h4 zline to h4 zline.
I wish i had that chart to show you. Quite the eye opener.
** Started a futures account and scalping the heck outta CL today. Same concepts, only diff - i'm trading on the m1.
Momo, zlines, sd occur on any tf. The question is, how much do you want and expect to take.
On smaller tf's you are taking a few, Larger you are taking more.
Dragon said one time ~ price goes from zline to zline. I see it now as price going from s to d, and d to s.
When on higher tf's price will not go straight from s to d or d to s. Dragon in is past charts, bought and sold on his way to h4 zlines, but his larger targets (at the time) were from h4 zline to h4 zline.
I wish i had that chart to show you. Quite the eye opener.
** Started a futures account and scalping the heck outta CL today. Same concepts, only diff - i'm trading on the m1.
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