A fresh start! Doji's Trading Journal
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- dojirock
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Yes, there point of orgin is where I see momentum starting. I call them RB's.
After they form about 75 percent of the time price will retrace back into what most traders know as "Mighty Zone" if you have studied other threads. I believe it takes a RB to close across a previous RB to be important. Otherwise it gives me comfort to hold strong and go with my bias.
After they form about 75 percent of the time price will retrace back into what most traders know as "Mighty Zone" if you have studied other threads. I believe it takes a RB to close across a previous RB to be important. Otherwise it gives me comfort to hold strong and go with my bias.
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
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I have renamed them RB's due to I am working on a web project and wanted to give them a final name for the project. But, that being said, how I draw them is discussed at length earlier in this thread and they are referred to dojiboxes.
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
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Still holding, still all RB's are bearish, +39x2
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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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- newscalper
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Yeah?
To me the H4 chart is a red herring for this - if the logic is the same there's no entry or bias change until as in the H4 chart you showed for an entry and then drop to a lower TF and I'm still not sure re looking for a higher low or lower high on H4 first, they look great in hindsight but they move lol.
All I did here was look for price making an extreme on H4 (sema) then drop to H1 to see where the nearest H1 rb was then drop to m5 to see if the rb was going to fail.
Is a 5 minute rb forming beyond and H1 rb really enough? How I understood it before was that an H1 rb had to form beyond an H1 rb. Prior to that (in the midsts of time) you were alluding to a higher TF close beyond the rb (so if it was a 15 minute rb it was a 30 minute close if I remember?)
On the other charts - the magenta lines etc that aren't rbs - zero lines?
To me the H4 chart is a red herring for this - if the logic is the same there's no entry or bias change until as in the H4 chart you showed for an entry and then drop to a lower TF and I'm still not sure re looking for a higher low or lower high on H4 first, they look great in hindsight but they move lol.
All I did here was look for price making an extreme on H4 (sema) then drop to H1 to see where the nearest H1 rb was then drop to m5 to see if the rb was going to fail.
Is a 5 minute rb forming beyond and H1 rb really enough? How I understood it before was that an H1 rb had to form beyond an H1 rb. Prior to that (in the midsts of time) you were alluding to a higher TF close beyond the rb (so if it was a 15 minute rb it was a 30 minute close if I remember?)
On the other charts - the magenta lines etc that aren't rbs - zero lines?
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