A fresh start! Doji's Trading Journal

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raw
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Postby raw » Mon Nov 25, 2013 2:45 pm

50 fib, on momo's.

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raw
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Postby raw » Mon Nov 25, 2013 3:07 pm

I'm not sure how Doji uses the 50% fib. Does he enter at the 50 or does he look for a 50 fail? As we see in a 123 setup.

I've been using 12 ema over under.

Bettle: I don't understand the RB's. Other than they act as Candle overlays to show momomentum. There are numerous times where momentum consumes opposing momentum, and yet you continue to hold.

Marked up your chart. I'm not sure which zlines you are choosing to hold. As there are multiple instances where momo over takes momo.

Its just zlines for me. Close over under.
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bettlebox
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Postby bettlebox » Mon Nov 25, 2013 3:52 pm

hi Raw

Yea it appears i break my own rules by holding beyond what appears to be a bias change opposite way.

All These are are retracement back into larger movement of money so its can expected. The is difference between a retracement and full blown bias change.

Today on EURUSD is classic example this. The large dump of money came in on UK opening driving price down then had a weak break to downside i would class this as nothing because no retest of serious money has been attempted yet. Then price spent rest morning retracing back up. If you hadn't noticed the money in the market from the morning, you may of got confused about what appears to be a bias change at the bottom of movement when in reality its jsut a retracement.

I think i understand 50% fib level. thanks
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My EurUsd today
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bettlebox
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Postby bettlebox » Mon Nov 25, 2013 4:05 pm

Raw, Price hitting that zline that be good place to close and look for continuation or price turn. Good job. I missed that initial break in the morning on friday.

Its always good to take profit or partial profits after a large movement/big bars.
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Postby dojirock » Mon Nov 25, 2013 4:11 pm

50 fibs on the blue boxes. Takes a 50 fib on a red to break trend and signify reversal.
It always takes Momentum to break Momentum!
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Postby dojirock » Mon Nov 25, 2013 4:25 pm

50's examples....then combine with it RB's
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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 » Mon Nov 25, 2013 4:32 pm

RB's ovelayed last 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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Postby bettlebox » Mon Nov 25, 2013 4:35 pm

Thanks Doji for pic i was drawing it as you posted lol. I understand, interesting.

dojirock wrote:50's examples....then combine with it RB's
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dojirock
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Postby dojirock » Mon Nov 25, 2013 4:41 pm

usd/jpy
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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 dojirock » Mon Nov 25, 2013 4:44 pm

Dragon lines, BB's visual charts(awesome), RB's, zlines, 50's, close over/under... all the same....
variances of a same concept to trigger different thought processes for traders.
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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