A fresh start! Doji's Trading Journal

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PebbleTrader
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Postby PebbleTrader » Tue Apr 30, 2013 5:47 pm

What the market does and does not do! See it?
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Postby PebbleTrader » Tue Apr 30, 2013 5:53 pm

Your Line is a place whereas if price is going lower, than price should not be going higher above Your Line...It may or may not be a "ZL"...
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Postby judokamak » Tue Apr 30, 2013 5:55 pm

If i may comment on todays EJ PA and please Doji corect me if there is something wrong with it:

1. 1h- price ariwes at demand zone and tests the 1h z-line, doesn t close below it and the next candle is up.





2. 15 min. Longs had tested 1h z-line behind.



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Postby newscalper » Tue Apr 30, 2013 6:24 pm

AKAIK a 15min close above an H1 line isn't enough to warrant an entry, it could just be wicking it but yes (edit) in this instance there's an H1 close above and then pulls back.

What about the short in the morning, which is what I sat and watched for hours - I wasn't around for the long.
The time a higher timeframe candle had closed over the line it went like a steam train, there was no pullback after that. 'Just take the break of the bar' you say...yeah, I've done that often enough to see it come right back and bite me in the ass that unless there's a pullback there's no trade :lol: because you're either trading one or the other

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Postby dojirock » Wed May 01, 2013 1:27 am

Hi News,

This is how I see e/j currently
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Postby newscalper » Wed May 01, 2013 7:43 am

That's fine. Right now I see it long but the question was re how to get in short yesterday morning? If it doesn't pullback do you just sit it out?

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Postby MightyOne » Wed May 01, 2013 11:53 am

newscalper wrote:That's fine. Right now I see it long but the question was re how to get in short yesterday morning? If it doesn't pullback do you just sit it out?


The question is not when do I enter but what can I afford; position, lot size, pips.

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Postby MightyOne » Wed May 01, 2013 12:09 pm

Image

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newscalper
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Postby newscalper » Wed May 01, 2013 3:11 pm

So I'm straight on this - 00 is positioned at the top of the DA candle on the daily and the difference between that and the bottom of the fib is how much space you have or are you using some extreme for the bottom line?

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Postby MightyOne » Wed May 01, 2013 4:53 pm

newscalper wrote:So I'm straight on this - 00 is positioned at the top of the DA candle on the daily and the difference between that and the bottom of the fib is how much space you have or are you using some extreme for the bottom line?


If 00 is at/above a daily extreme then you are trading/positioned for the daily chart.

The other end of the fib (##) is your "risk space" or 90 pips in this example.

The lot sizes show where you can afford x number of lots.

If I short 8 lots at the 50% ret then my risk space is 00 to the 50% level; which is now ## as ## is always the current price WHEN you are in a trade.

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