A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Oct 22, 2013 6:49 pm

yep, I will give it another shot. I draw my lines only on color changes for a given time frame. Notice how all my green lines are only drawn on green/red candle color changes. This signifies momentum start. The next green line above that is only drawn when there is a red/green candle color change, signifying momentum end. After a burst of momentum comes the consolidation zone. Then the pattern repeats. It takes momentum to move price. It also takes a counter momentum to break the previous momentum direction. Thus when I get red momentum lines heading towards the previous green momentum lines I must have a close beyond the point of origin of the green momentum line.
Between two green lines is the zline long zone. Between two red lines is a zline short zone

I see your lines. I understand your lines being drawn from a wick thru what you see as momentum. What most dont understand is that low or high of the wick where you draw your line is a colorchange on a lower time frame which in turn is the origin of the momenutm start and stop.
My lines are drawn on the current time frame..... if I dropped to a lower time frame and drew them...then when back to the higher time frame they would be in the exact same spot you have drawn them.

doji

Dan wrote:Doji, I never understood how or why you pick and choose when to draw a zline, I can see others going the opposite way especially on the run up.

This is why I can't hold onto trades like you do, I'm trading from zline to zline on the daily chart as a way to get direction and this works well but I would like to have more confidence in holding instead of getting in and out.

Could you look at my lines (these are in addition to yours which I would have drawn exactly the same) and let me know why you missed these. Looks like raw noticed them too.

Did you not draw them because no green lines failed?

Thanks.
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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Dan
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Postby Dan » Tue Oct 22, 2013 7:44 pm

.
Last edited by Dan on Mon Aug 16, 2021 10:42 am, edited 1 time in total.

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dojirock
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Postby dojirock » Wed Oct 23, 2013 4:30 am

Here is a live trade I took as an example. Close as I can get to live anyway.

I put the notes right on the trading chart.
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usdjpym5b.png
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usdjpym5.png
usdjpym5.png (62.89 KiB) Viewed 3546 times
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!"

Dan
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Postby Dan » Wed Oct 23, 2013 8:57 am

.
Last edited by Dan on Mon Aug 16, 2021 10:43 am, edited 1 time in total.

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newscalper
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Postby newscalper » Wed Oct 23, 2013 2:14 pm

edited: superfluous post

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dojirock
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Postby dojirock » Wed Oct 23, 2013 4:35 pm

another setup on u/j. Late on the entry though, but should be ok.
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usdjpym5.png
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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!"

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dojirock
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Postby dojirock » Wed Oct 23, 2013 4:42 pm

G/U example on 15 min chart
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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!"

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newscalper
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Postby newscalper » Wed Oct 23, 2013 4:55 pm

dojirock wrote:Here is a live trade I took as an example. Close as I can get to live anyway.

I put the notes right on the trading chart.


Repping this post :D

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Postby newscalper » Wed Oct 23, 2013 4:58 pm

dojirock wrote:another setup on u/j. Late on the entry though, but should be ok.


I'd be WELL wary of this so late in the day?

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Postby judokamak » Thu Oct 24, 2013 3:44 pm

Doji, how do you draw empty boxes on your charts?

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