A fresh start! Doji's Trading Journal

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LegendofZline
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Postby LegendofZline » Mon Apr 22, 2013 4:25 pm

What are ur concept with tp? Next zline or fixed 10sl/20tp

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dojirock
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Postby dojirock » Mon Apr 22, 2013 6:16 pm

To a zline.....then bump up a time frame to check for a broken zline in order to hold longer....
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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Postby MightyOne » Tue Apr 23, 2013 5:50 am

If you are in a nice down trend ~ a 15 minute chart then TP at the low extreme of the candle where the idea of taking profit occurred.

The idea is that if you cannot accurately pick the lowest low of a 15 minute trend then why settle for anything less than a TP at said low?

LegendofZline
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Postby LegendofZline » Wed Apr 24, 2013 12:30 am

I entered when red bar closed. Would you look to close once candle green closes bacck over line?
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dojirock
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Postby dojirock » Wed Apr 24, 2013 2:50 am

Your still short ...no reason to go long...so no...I would not go long yet.
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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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LegendofZline
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Postby LegendofZline » Wed Apr 24, 2013 8:11 am

Hey doji I know you said look at only one tf for now....

But would it be a good idea for my bias to be after
1hr changes direction closing over zline....
So then I would trade in that direction on lower tf?

Like say 1hr on EU now has closed over zline. the Direction now is bearish
So now Im only looking for short trades on lower tf>...
Until 1hr changes and tells me something else

I have a feeling this has been said before.....

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dojirock
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Postby dojirock » Wed Apr 24, 2013 5:08 pm

Yes, on a higher time frame, a break of a zline. So if on the hourly price breaks a short zline, I trade long away from that zline on a smaller time frame.

easy!
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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Postby newscalper » Wed Apr 24, 2013 6:12 pm

Image

LegendofZline
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Postby LegendofZline » Thu Apr 25, 2013 4:54 am

Just took this. Any insight why its wrong or right...
I see a zline short that price closed over...
Target couldn't find anything so just set it at a price where Im hoping itll hit..
Maybe I will go up a couple tf to find nearest zline short.
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dojirock
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Postby dojirock » Thu Apr 25, 2013 5:09 am

Other than your stop being big, your right the zline was broke. I would be curious to see if the 2hr or 4 hr is going to pop back down. If it doesn't I will be long all over it....
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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