A fresh start! Doji's Trading Journal

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onontsira
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Postby onontsira » Thu May 23, 2013 7:49 am

dojirock wrote: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 ???

:?: :?: :?:

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newscalper
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Postby newscalper » Thu May 23, 2013 4:05 pm

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
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Postby Karma » Thu May 23, 2013 4:50 pm

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?
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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MightyOne
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Postby MightyOne » Thu May 23, 2013 5:00 pm

"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
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Postby Karma » Thu May 23, 2013 5:21 pm

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


Welcome back?

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Postby FXfreak » Thu May 23, 2013 5:33 pm

i just show my losers from today...

i was up+50 but ended with +10
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Postby newscalper » Thu May 23, 2013 6:03 pm

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 :shock: ?

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Postby Karma » Thu May 23, 2013 6:40 pm

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
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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dojirock
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Postby dojirock » Thu May 23, 2013 8:09 pm

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!



FXfreak wrote:i just show my losers from today...

i was up+50 but ended with +10
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"A small loss is just as satisfying as a large gain" -MO
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dojirock
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Postby dojirock » Thu May 23, 2013 8:12 pm

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