Thanks for the charts...
Over under mbar! 1hr
Over under mbar 30 min in area of 1hr...
Failed 15min mbar... And you see what happens...
I know what I'm doing this weekend! Chart searching/soul searching.
I'm addicted to this also... Til next time
A fresh start! Doji's Trading Journal
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Quick question?
For bias direction is it always good to go with 1hr?
Or both 1hr and 4hr bias for direction?
Meaning if 1hr closes beyond 1hr mbar I usually am looking for short.
But is it a good idea to also line up 4hr closing beyond 4hr mbar. Going the same direction as 1hr bias.
Sometimes i see 1hr pass thru 1hr mbar but its still in the opposite direction of 4hr mbar...
Hope that makes sense.
Oyea ej picked up 16pip short.
For bias direction is it always good to go with 1hr?
Or both 1hr and 4hr bias for direction?
Meaning if 1hr closes beyond 1hr mbar I usually am looking for short.
But is it a good idea to also line up 4hr closing beyond 4hr mbar. Going the same direction as 1hr bias.
Sometimes i see 1hr pass thru 1hr mbar but its still in the opposite direction of 4hr mbar...
Hope that makes sense.
Oyea ej picked up 16pip short.
- dojirock
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mdsea,
I have my demons too... I am really trying to stay off the 5 min charts and move to the 15 and up... I dont really look beyond the 4hr yet. I like to scalp and am trying to move to a short term trader..which my definition is 15 min and up for 20-60 pips per trade. I find I get confused when I start looking and overanalyzing different time frames. Its funny, I also cannot trade as easily with overlays, lol. i need one time frame for bias, and then next lower for entries. and I draw lines and switch the time charts back and forth. Overlays mess with my mind...lol
Seems like your doing well, keep looking at history, and levels.. go with your bias...
hope i answered your quesion
dojirock
I have my demons too... I am really trying to stay off the 5 min charts and move to the 15 and up... I dont really look beyond the 4hr yet. I like to scalp and am trying to move to a short term trader..which my definition is 15 min and up for 20-60 pips per trade. I find I get confused when I start looking and overanalyzing different time frames. Its funny, I also cannot trade as easily with overlays, lol. i need one time frame for bias, and then next lower for entries. and I draw lines and switch the time charts back and forth. Overlays mess with my mind...lol
Seems like your doing well, keep looking at history, and levels.. go with your bias...
hope i answered your quesion
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
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AJ & GU setups,
History, mbar break, retest!
Notice when you switch time frames..they still line up!
dojirock
History, mbar break, retest!
Notice when you switch time frames..they still line up!
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!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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As always I see something new every time a chart is shown.
BUT with the charts you have posted above things have gotten a little bit more clearer!!!
Before I would just mark up mbar's and let any! let me repeat any! candle close the mbar.
Then I would look for entry
But now looking at charts you have posted
Mbars that are closed above with mbars!!!
Well if I'm off on my assumption please let me know.
Thanks again. Back to the charts...
BUT with the charts you have posted above things have gotten a little bit more clearer!!!
Before I would just mark up mbar's and let any! let me repeat any! candle close the mbar.
Then I would look for entry
But now looking at charts you have posted
Mbars that are closed above with mbars!!!
Well if I'm off on my assumption please let me know.
Thanks again. Back to the charts...
- dojirock
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MDsea!!!
there ya go....now your using your eyes...observing....thats what its all about!
Exactly, the historical mbar, broken by a mbar are the most powerfull high success setups.
Keep observing...ask your self ..when that happens..how far do price retrace most of the time?
your on a roll!!
good job
dojirock
there ya go....now your using your eyes...observing....thats what its all about!
Exactly, the historical mbar, broken by a mbar are the most powerfull high success setups.
Keep observing...ask your self ..when that happens..how far do price retrace most of the time?
your on a roll!!
good job
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
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lazygeorge wrote:hey doji...
Whats this looking at history and MBAR stuff all about?
Hey Lg,
About last February, February 1st to be exact, it all clicked for me. I discovered, by watching Dragons charts and some adivce from another mentor, trading is about human emotions, the past, history. Many may agree or disagree with me, its just my way of explaining how I trade. Being up 602 percent since feb 1st has been exilerating for me. I used to have such a fear of missing a trade. History tells you when a trade is coming. And behaves this way on all time frames. Go back look at my charts, when I draw my lines, its based on historical closed candles. Then price will tell you soon after which direction to go. Everyone learns differently with different styles, Some understand the way draong explains it, some understand Mo. My understanding came from a mix of successful traders and have developed a thought process that works for me using history. thanks again to all my mentors... mo, dragon, dchappy, pro, trevor!
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!"
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Thank you for your support.
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