A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Fri Mar 25, 2011 4:38 am

Tiger,

Thanks a million....I have read and seen almost everything you put links to but could not remember how to find them again....
Several ah ha moments again!... Its funny how some things dont make sense when you read them...and 3 ,6,9 months later...it clicks...

so thank you...
couple of questions...if you dont mind...
just to confirm...mbar is 2x the previous..correct?
does it have to close beyond previous extreme, meaning wick?
I want to put that one to rest...!
next...zlines can be from the open of a mbar to 50 percent of the mbar but not more than 50 percent. The line can be drawn anywhere in there?
put that one to rest...
my problem...if you have read other post in my venture is I have had 32 trades in a row...good ones...then lose that profit in 1 or 2 trades.....
I never 100 percent follow the line in the sand, get out...that one pic...enter at on line and exit at the other.......over it...done....no more hoping.....

figured I would work on targets later...never understood how you guys new or determined a target area....it looks like based on the pic...it is a zline in the opposite direction, looking for price to zero out those traders in profit....so we take it! Dont know why that never clicked.....

Im going to think about this for the weekend......

thanks a ton...for the quick references!

Doji

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TygerKrane
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Postby TygerKrane » Sat Mar 26, 2011 1:47 am

First and foremost, glad you're ok with my post; I was worried that I was being a bit too overbearing on your thread and that you might ban me :-#

Yes, it's definitely funny (and much welcomed) how the same exact thing becomes more and more meaningful as time goes by...

Unfortunately, I wouldn't be too comfortable saying too much about mbar. Just that from what I've gathered, at it's most basic meaning, it is 2x the previous bar...but there ARE further considerations that can be taken into account as well for what and where and why to consider an mbar, an mbar.
{I'm assuming this thread is MOMO-free zone, so I'll say mbars here, too...oops I said it, my bad :oops: }
So there are some other things that I picked up from around here that I DO consider when determining where to draw my MightyZones, but since I claim to not be the wisest at these more-advanced-considerations, I don't feel I should try and discuss...

What I can say on a related but unrelated note though, is, did you know that mbars & Zlines are cheats for trading EQUILIBRIUM LINES???

~Krane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby TygerKrane » Sat Mar 26, 2011 1:48 am

p.s. no 'i' in Tyger, Please!!;

(...<sigh> just remembering how much I like it when Vane calls me 'Tyger' :D )

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby TygerKrane » Sat Mar 26, 2011 1:52 am

my problem...if you have read other post in my venture is I have had 32 trades in a row...good ones...then lose that profit in 1 or 2 trades.....

You mean you get a Superman complex and bet the house??

I think your 'other venture' was Renko's and Heikin Ashi's, right?
Nah, didn't really pay attention to the goings on in that thread...
(but dchappy's Renko 1-2-3 trades were interesting when he came back with that...)


*********
Was that zline statement a question, or just you talking out loud to yourself?

Have a good weekend,
~Krane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby dojirock » Sat Mar 26, 2011 5:30 pm

Thanks again Tyger

Your help has let me see things in a whole new light.....

Im going to keep following charts....on paper...and demo on monday....witha set stop...new to me...and see fi I can trade what I see on paper....
on paper...it looks so simple....once you can understand..or think you do...
so we will see..

just wanted to thank you again.

doji
"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 Mar 28, 2011 3:46 am

Well new week! New attitude!

1st trade good for 14

doji

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Postby MightyOne » Mon Mar 28, 2011 6:10 pm

Image

Now let us look at a shift...

Image

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Postby dojirock » Mon Mar 28, 2011 6:49 pm

Mo ! Thanks for the confirmation and additional info....
I m trying reallyhard to visualize the CC without the indi....with enough practice...I will get it....after a trade i turn them on to see if i was correct...

I have a question for you though....is shifting twice on a 3 candl CC enough...or should I be doing all 3? It is just another way of assembling the pieces correct....?


Thank you for your post!

doji
"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 Mar 28, 2011 7:29 pm

Even when shifted it tells a very simular story?

doji
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TygerKrane
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Postby TygerKrane » Mon Mar 28, 2011 9:00 pm

dojirock wrote:Thanks again Tyger

Your help has let me see things in a whole new light.....

Im going to keep following charts....on paper...and demo on monday....witha set stop...new to me...and see fi I can trade what I see on paper....
on paper...it looks so simple....once you can understand..or think you do...
so we will see..

just wanted to thank you again.

doji

Glad to be of service, fellow trader doji.

Here's something I keep in mind as I make my way through this process, especially since I just finished my Zline Studying Bootcamp (part 2), and am now back to making my way through actual trades:

Image


*********************
Currently for me...on paper, TARGETS look so simple, but then I get into a trade and all of a sudden I get a thirst for more. I have to damn-near slap myself in the face to make me take a quick profit for the purpose of building a profit cushion, to THEN go for the gusto.

](*,)

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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