A fresh start! Doji's Trading Journal

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onontsira
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Postby onontsira » Tue Apr 30, 2013 1:17 pm

onontsira wrote: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)?


Trying to answer myself: you maybe don't only look at 2 TF's... So that the pointy place you seem trying to catch is just another zline, on a third TF, a bigger one...

éhéhéhé :lol:

Taking me back to what Arkan showed on page 189...

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newscalper
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Postby newscalper » Tue Apr 30, 2013 2:03 pm

onontsira wrote:
onontsira wrote: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)?


Trying to answer myself: you maybe don't only look at 2 TF's... So that the pointy place you seem trying to catch is just another zline, on a third TF, a bigger one...

éhéhéhé :lol:

Taking me back to what Arkan showed on page 189...


The logic is this: to be short, longs have to get screwed, to be long, shorts have to get screwed. If the trend is no longer going up, it's going down. It's better to count on support/resistance not holding than support/resistance holding - MO keeps saying to view it as a line behind you, not in front.

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onontsira
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Postby onontsira » Tue Apr 30, 2013 2:06 pm

newscalper wrote:
onontsira wrote:
onontsira wrote: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)?


Trying to answer myself: you maybe don't only look at 2 TF's... So that the pointy place you seem trying to catch is just another zline, on a third TF, a bigger one...

éhéhéhé :lol:

Taking me back to what Arkan showed on page 189...


The logic is this: to be short, longs have to get screwed, to be long, shorts have to get screwed. If the trend is no longer going up, it's going down. It's better to count on support/resistance not holding than support/resistance holding - MO keeps saying to view it as a line behind you, not in front.


Thanks News, I just start thinking by myself :oops: :lol:

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Sandra
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Postby Sandra » Tue Apr 30, 2013 2:43 pm

Nicely said!!
newscalper wrote:
onontsira wrote:
onontsira wrote: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)?


Trying to answer myself: you maybe don't only look at 2 TF's... So that the pointy place you seem trying to catch is just another zline, on a third TF, a bigger one...

éhéhéhé :lol:

Taking me back to what Arkan showed on page 189...


The logic is this: to be short, longs have to get screwed, to be long, shorts have to get screwed. If the trend is no longer going up, it's going down. It's better to count on support/resistance not holding than support/resistance holding - MO keeps saying to view it as a line behind you, not in front.
Happy_Smile

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PebbleTrader
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Postby PebbleTrader » Tue Apr 30, 2013 2:43 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"

Thinking in terms of support / resistance not even existing! Price is either going up or it's going down!
Life is just a journey

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Postby PebbleTrader » Tue Apr 30, 2013 2:44 pm

"a line is a line, it's the reaction to it which determines our appropriate reaction"

Very nice Karma!

It's a line, not support/resistance...

What the market does or does not do.
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judokamak
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Postby judokamak » Tue Apr 30, 2013 3:00 pm

Pebble or Doji is this logic ok?

1. Close under (long) z line. Bias short
2. Close back over z line.
3. Test-s/failure. Change of bias confirmed.


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Postby dojirock » Tue Apr 30, 2013 4:13 pm

Nice Jud,

Your getting the pattern and concept....redraw you bottome long zline.....its drawn on the open of a red candle.. when a red candle closes higher.... your lower line is off slightly....redraw it then look at the retest...

good job

judokamak wrote:Pebble or Doji is this logic ok?

1. Close under (long) z line. Bias short
2. Close back over z line.
3. Test-s/failure. Change of bias confirmed.

"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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dojirock
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Postby dojirock » Tue Apr 30, 2013 4:17 pm

Here is an example of my favorite setup, step by step how I process it.
A short zline is formed...means nothing to me yet.
Attachments
z1.png
z1.png (39.79 KiB) Viewed 301 times
"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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dojirock
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Postby dojirock » Tue Apr 30, 2013 4:19 pm

As price comes back up to the short zline, watch. Price chose to break this zline.
Attachments
z2.png
z2.png (40.34 KiB) Viewed 298 times
"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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