A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Mon Apr 29, 2013 3:42 pm

Did not enjoy the initial drawdown but still in as this line has held...so far

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Postby onontsira » Mon Apr 29, 2013 3:46 pm

dojirock wrote:I also drew in a red short zline. To the left. This is what I trade. After it breaks(close above by the white) I enter long. A Couple candles later confirms my long zline telling me im ok in the direction im in. Im always trading zlines to the left?and the current one that are being drawn are my confirmation to the ones on the left that im correct.


Hi Doji,

so you trade 2 zlines at a time:

i.e. Long: you wait for a "now invalid" former short zline that confirm the long one which occurs at the moment?

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Postby newscalper » Mon Apr 29, 2013 4:39 pm

Exit
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Postby dojirock » Mon Apr 29, 2013 8:20 pm

Dan wrote:Thanks for your persistence Doji, not many people would be this helpful. I think its the forum environment that confuses alot, one sentence can have a
different meaning depending on how you interpret it.

So your 5/15min entry, 30min bias and 1hr momentum is the same as Dragons 15, 1hr and 4hr?


Yes it is.... He's the one who taught me to trade this way! :D
"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 dojirock » Mon Apr 29, 2013 8:23 pm

A break of a short zline is my entry area and is followed by a newly formed long zline shortly after. If I get a break of a long zline, then I get a confirmation of a newly formed short zline in the same time period.
Once I feel im right, I add to or hold on my position.

onontsira wrote:
dojirock wrote:I also drew in a red short zline. To the left. This is what I trade. After it breaks(close above by the white) I enter long. A Couple candles later confirms my long zline telling me im ok in the direction im in. Im always trading zlines to the left?and the current one that are being drawn are my confirmation to the ones on the left that im correct.


Hi Doji,

so you trade 2 zlines at a time:

i.e. Long: you wait for a "now invalid" former short zline that confirm the long one which occurs at the moment?
"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 ALS » Tue Apr 30, 2013 11:04 am

Hi all,

I'm new here and have been trying to catch up.

Attached is a EURUSD 15min chart. Valid zlines have ticks next to them. The bottom left one is not a valid zline i beleive?

I have put an explanation as to why I think the Long & short zlines on the right of the chart are invalid.

Green= Long zline
Red= Short zline

Am I doing this right?

Thanks
ALS
Attachments
EurUsd 15min.PNG
EurUsd 15min.PNG (49.73 KiB) Viewed 214 times

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Postby Karma » Tue Apr 30, 2013 12:23 pm

Maybe it's just me, but it feels thoroughly moot to label your support or resistance as "Support" or "resistance". There are only two options, labeling them is a bit of a waste of energy and system.

If it's going up into "something", either trade long with it away from something, or short away from something
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby Karma » Tue Apr 30, 2013 12:26 pm

a line is a line, it's the reaction to it which determines our appropriate reaction
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby onontsira » Tue Apr 30, 2013 12:55 pm

dojirock wrote:A break of a short zline is my entry area and is followed by a newly formed long zline shortly after. If I get a break of a long zline, then I get a confirmation of a newly formed short zline in the same time period.
Once I feel im right, I add to or hold on my position.

onontsira wrote:
dojirock wrote:I also drew in a red short zline. To the left. This is what I trade. After it breaks(close above by the white) I enter long. A Couple candles later confirms my long zline telling me im ok in the direction im in. Im always trading zlines to the left?and the current one that are being drawn are my confirmation to the ones on the left that im correct.


Hi Doji,

so you trade 2 zlines at a time:

i.e. Long: you wait for a "now invalid" former short zline that confirm the long one which occurs at the moment?


Ok, so doing this way I see myself as trying to "catch the tops" or "catch the bottoms" of big moves, and then trying to go countertrend against previous high TF move. Thought it was easier to trade only non broken zlines, I mean rejections (end of pullbacks to go with the current high TF trend).

(assuming you only trade 2 different TF's, because in fact, you are always countertrend of something...)

I hope you understand what I mean... :oops:

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Postby onontsira » Tue Apr 30, 2013 1:04 pm

Here is what I don't understand ](*,):

I remember that you told us it takes momentum to break a zline, but it also takes momentum to reject one. Is there any difference for you that makes you prefer trading this way (from these places, with broken zlines first)?

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