A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Mar 29, 2011 12:56 am

dojirock wrote:Mo ! Thanks for the confirmation and additional info....
I m trying reallyhard to visualize the CC without the indi....with enough practice...I will get it....after a trade i turn them on to see if i was correct...

I have a question for you though....is shifting twice on a 3 candl CC enough...or should I be doing all 3? It is just another way of assembling the pieces correct....?


Thank you for your post!

doji


I mentally shatter the chart, put it back together in different ways, and compare how price flows through the shifts.
The worst thing you could ask is "do I have to" because that is the very question that damned most of the traders here to years of mediocrity.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Mar 29, 2011 1:22 am

dojirock wrote:Even when shifted it tells a very simular story?

doji


It helps to use the 3xCC indi coded by Bredin.

User avatar
rushN4
rank: 150+ posts
rank: 150+ posts
Posts: 165
Joined: Wed Nov 18, 2009 4:04 pm
Reputation: 0
Real name: Jochen
Gender: Male

Postby rushN4 » Tue Mar 29, 2011 11:07 am

MightyOne wrote:Image

Now let us look at a shift...

Image



interesting...looks like one shift is for direction and the other shift for entry.

Image
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Mar 29, 2011 5:33 pm

rushN4 wrote:interesting...looks like one shift is for direction and the other shift for entry.


That is correct.

spa
rank: 150+ posts
rank: 150+ posts
Posts: 184
Joined: Sun Jul 26, 2009 7:32 pm
Reputation: 0
Gender: Male

Postby spa » Tue Mar 29, 2011 9:12 pm

MightyOne wrote:
rushN4 wrote:interesting...looks like one shift is for direction and the other shift for entry.


That is correct.

thought that the strong shift followed by the weak one is a sign of conflict... that translates to a potential reversal in my mind.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Mar 30, 2011 1:58 am

spa wrote:
MightyOne wrote:
rushN4 wrote:interesting...looks like one shift is for direction and the other shift for entry.


That is correct.

thought that the strong shift followed by the weak one is a sign of conflict... that translates to a potential reversal in my mind.


How you put the pieces together is your dollars and cents ;)

spa
rank: 150+ posts
rank: 150+ posts
Posts: 184
Joined: Sun Jul 26, 2009 7:32 pm
Reputation: 0
Gender: Male

Postby spa » Wed Mar 30, 2011 7:26 am

MightyOne wrote:Image

Now let us look at a shift...

Image


thinking that it might have been a larger timeframe, daily for example... shorting after the strong CC expecting a weaker one makes me think of shorting the Daily+ extreme am i wrong? i've yet to completely grasp this concept and this might help somewhat

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Mar 30, 2011 6:41 pm

To Spa:

That maveuver is used when siezing space with the Space Wars strategy.

As with many of my strategies, you have to develop a durable position from which you can launch an all out attack.

What is a durable position? It is a position with either a lot of space or that rests beyond a technical level that is considered "safe" (price is unlikely to get there in 3-9 hours depending on the TF).

When I observe the daily chart, I am looking to trade off of the CC extremes (3-day) but I am usually trading based on the weekly.

In answer to your question: 3 or 9 day extremes (shifted) w/ a weekly chart in the middle (it is acceptable to use an 8H CC where the 9 period is 3 days).

Again I say, I do NOT use stops as they are for people who want to be stopped out (I want to make money).

These are the methods that I use (they actually work) but you can do whatever adds a zero to your account by year end.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Thu Mar 31, 2011 5:41 pm

doji...back to demo :(
Attachments
mbar9.gif
mbar9.gif (17.52 KiB) Viewed 714 times

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Thu Mar 31, 2011 9:02 pm

Long trades:
1) Find the last short MOMO (A), which is not zeroed out
2) Find first long MOMO (B) before (A), which is not zeroed out and is below low of (A)
3) Entry at open (B)
4) Exit at open (A)
5) SL according to timeframe or your money management risk rules

ugh...
doji
Attachments
mbar9.gif
mbar9.gif (16.41 KiB) Viewed 703 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”