A fresh start! Doji's Trading Journal

[onontsira]

The price action pattern must be followed...

Hi Doji,

Would you please explain a little more in details what you mean by this. I understand this:

1/ if I got a failed ZL (for example a failed long ZL) on high TF, I look for a failed long ZL on lower TF, away from the zone.

2/ here is my question: if I got a BROKEN long ZL on high TF, must I also look for a BROKEN long ZL on lower TF away from the zone ???

[newscalper]

MTF screws me over and over - see today on USDJPY (I wasn't up for the move amyway so moot point) but look - Comes to end of run on the 15 minute. Upper Zline files saying try to get in short but....it would be straight in to the H4 Z-line?
This instance it broke and you made a packet if you held.

But???
I see this time and time again, higher zone/lines failing from lower ones, which kills the 'bias' theory stone dead.

[Karma]

Have you considered that there are things playing out on much higher time frames that don't care what the smaller time frames look like?

[MightyOne]

"But???
I see this time and time again, higher zone/lines failing from lower ones, which kills the 'bias' theory stone dead."

Bias only exists in higher periods; what you call small time frame "bias" is nothing more than a trigger.

[Karma]

Bias only exists in higher periods; what you call small time frame "bias" is nothing more than a trigger.

Welcome back?

[FXfreak]

i just show my losers from today...

i was up+50 but ended with +10

[newscalper]

Exactly, so if the market is generally up, there's no higher timeframe line above, not even on the weekly, you're above an H4 line, why on earth is the trade to take the short one and then lo and behold the H4 line breaks ?

[Karma]

There's always a reason
even if the reason is just that they want more orders

post a chart

It's very difficult to imagine what you're talking about

[dojirock]

Im glad you ended up...but when your up that far, take it!

I drew a line on the chart for the last long zline....
This remains valid until something closes lower than that.
All short trades above that are retrace trades.
That line held, so you trade long away from that held line!

i just show my losers from today...

i was up+50 but ended with +10

[dojirock]

Better yet, there are no short zlines above that long zline even.
So just go long below the ema!