History mbar.... check
Break of mbar.... check
Failed line..... enter
dojirock
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Doji,
How do you distinguish a failed line. I see Four wicks where price failed...?
First Candle has mbar down
Second Candle closes up with hammer
Third tries to close lower and fails to do so...
So
ahhh Maybe that is why you were looking to long...
Or are you entering when price fails to close in lower tf mbars going towards your direction.
hhhhmmmm Nice...
Back to the bat cave and try it out...
How do you distinguish a failed line. I see Four wicks where price failed...?
First Candle has mbar down
Second Candle closes up with hammer
Third tries to close lower and fails to do so...
So
ahhh Maybe that is why you were looking to long...
Or are you entering when price fails to close in lower tf mbars going towards your direction.
hhhhmmmm Nice...
Back to the bat cave and try it out...
- dojirock
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MDSEA wrote:Doji,
How do you distinguish a failed line. I see Four wicks where price failed...?
First Candle has mbar down
Second Candle closes up with hammer
Third tries to close lower and fails to do so...
So
ahhh Maybe that is why you were looking to long...
Or are you entering when price fails to close in lower tf mbars going towards your direction.
hhhhmmmm Nice...
Back to the bat cave and try it out...
That is exactly why i was looking for longs.
As in many trades also...there is no hurry...there is plenty of time to enter.
dojirock
Last edited by dojirock on Wed Jun 20, 2012 5:26 am, edited 1 time in total.
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!"
"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!"
- dojirock
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l have a addiction with scalping...and im trying real hard to get to the upper time frames...
your pic is exact what i do...and i marked it up using the candle overlays for you how i would enter on them.
great job
dojirock
your pic is exact what i do...and i marked it up using the candle overlays for you how i would enter on them.
great job
dojirock
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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!"
"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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Thank you for your support.
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- dojirock
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MDSEA,
your analysis is right on to how I see things. The only additional thing I woul keep in mind if trading other than the 15 min or 5 min for targets is that the 4hr and daily are long bias. So shorts are counter trend.
Good job, nice chart!
dojirock
your analysis is right on to how I see things. The only additional thing I woul keep in mind if trading other than the 15 min or 5 min for targets is that the 4hr and daily are long bias. So shorts are counter trend.
Good job, nice chart!
dojirock
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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Entries
Done for week, have a great weekend guys!
dojirock
Done for week, have a great weekend guys!
dojirock
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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!"
"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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Thank you for your support.
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