A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

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.
Life is just a journey

judokamak
rank: 150+ posts
rank: 150+ posts
Posts: 162
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 22
Gender: None specified

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.


User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

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.

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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

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 2688 times
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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

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 2687 times
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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Postby dojirock » Tue Apr 30, 2013 4:21 pm

After the break of the short zline, two candles later price forms a long zline.....(are you thinking confirmation?)
Attachments
z3.png
z3.png (41.38 KiB) Viewed 2622 times
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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Postby dojirock » Tue Apr 30, 2013 4:23 pm

Now I have had a break of a short zline, a newly formed long zline, now I am ready to enter.
Attachments
z4.png
z4.png (41.34 KiB) Viewed 2620 times
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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Postby dojirock » Tue Apr 30, 2013 4:25 pm

Our analysis was done mainly on the 15 min.
Here is what it looks like on the 5 min chart. Learn to recognize what it
looks like on different time frames. The analysis doesnt change...just different looks as you change time frames.

I went short per my old rule, price below the ema...enter!

This gives us small stops and big rewards.
Attachments
z5.png
z5.png (41.35 KiB) Viewed 2617 times
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!"

judokamak
rank: 150+ posts
rank: 150+ posts
Posts: 162
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 22
Gender: None specified

Postby judokamak » Tue Apr 30, 2013 4:26 pm

Yeah, i drew that one (the second green one from the bottom)on 4h chart, thats why it s off, but i saw what you are describing, which also confirmed change of bias. Thanks for input and great "play by play"!
Last edited by judokamak on Tue Apr 30, 2013 4:31 pm, edited 1 time in total.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”