A fresh start! Doji's Trading Journal

[dojirock]

The price action pattern must be followed...
breakout, zline...retrace enter...
its the same on all time frames, all currencies..
it either holds or breaks...
if it holds trade away from hold
if it breaks trade away from breaks.
they are zones..not lines!

[LegendofZline]

What do you think doji...

This is not a response to your post before this. Just was posted this before reading your post.


Bias change bearish on 15min
Found entry on 5min after 15min has formed
exit on 15min zline

[dojirock]

Yes, there you go..spot on....perfect.

What do you think doji...

This is not a response to your post before this. Just was posted this before reading your post.


Bias change bearish on 15min
Found entry on 5min after 15min has formed
exit on 15min zline

[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 ?