A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Thu May 23, 2013 2:56 am

see how price is moving up...
then we get a bullish zline.
what happens after a bullish zline? a retrace
drop to the 5 min chart
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Postby dojirock » Thu May 23, 2013 2:59 am

5min
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It always takes Momentum to break Momentum!
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Postby dojirock » Thu May 23, 2013 3:05 am

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!
It always takes Momentum to break Momentum!
"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 LegendofZline » Thu May 23, 2013 3:06 am

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
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Postby dojirock » Thu May 23, 2013 3:19 am

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

LegendofZline wrote: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
It always takes Momentum to break Momentum!
"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 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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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.
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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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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.
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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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