A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Mon Oct 28, 2013 9:21 pm

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.
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 dojirock » Mon Oct 28, 2013 9:25 pm

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!"

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Postby dojirock » Tue Oct 29, 2013 4:12 am

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!"

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Postby judokamak » Tue Oct 29, 2013 7:40 am

doji, these are15min boxes right?

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Postby Dan » Tue Oct 29, 2013 9:44 am

Can I ask about the semafor...

Just say a bullish 3 appears on your 4hr chart and you are still in a trade or you have a good entry on a 15min (short) is it still ok to trade against that 3 because as you know they can repaint for 50 pips before price reverses.. And then only exit or go long in the same direction as the 4hr 3 only when you have short rb's being overtaken by long rb's? preferably a 1hr.

I only ask because using semfor in the past didn't work out for me because of the repainting.

Somebody call lukx, this thread might bring him back from retirement.

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Postby Dan » Tue Oct 29, 2013 9:59 am

I took a couple of the shorts based on this last night. I can almost see the light Doji
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Postby newscalper » Tue Oct 29, 2013 10:01 am

Yeah?
Image

:cry: :lol:

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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Postby raw » Tue Oct 29, 2013 1:46 pm

buy
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Postby raw » Tue Oct 29, 2013 2:12 pm

closed +3 :roll: on the trade above, and +7 on the one this one. +28 for the day.

M5 works for me. Over/Under happens more quickly at zlines.
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Postby newscalper » Tue Oct 29, 2013 2:23 pm

Image

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