A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Tue Feb 04, 2014 5:15 pm

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MightyOne
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Postby MightyOne » Tue Feb 04, 2014 7:28 pm

One of my strategies for understanding a chart is to double the period and consider two time shifts.

Image


Another favorite is to look for triangles.

& last but not least is to throw down horiz. lines.

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Postby newscalper » Wed Feb 05, 2014 9:55 am

Well I held that over night as upper TFs still closing up, I have to sleep. woke up to see a massive down bar in the last hour and if the H4 closes down I should be out - for a loss.

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Postby onontsira » Wed Feb 05, 2014 10:17 am

Seems logical to me because the previous H4 bearish Mbar open wasn't closed over (hope you understand my english...)

It's like we were still in this valid MZ Mbar. If price can't close over this line (bullish momentum is weak) we must exit long trades, it could move the over way. Be aware of short trades...
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Postby onontsira » Wed Feb 05, 2014 10:28 am

If we are in a H4 MZ which is still valid, we can look for shorts here.

I hope I'm not making a fool of myself
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Postby onontsira » Wed Feb 05, 2014 1:27 pm

same this morning on usdchf...
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Postby MightyOne » Wed Feb 05, 2014 4:30 pm

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Postby onontsira » Wed Feb 05, 2014 4:44 pm

Thank you MO, it will be the next step I hope,
but at the moment it is as difficult for me than it is easy for you :smt003

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Postby newscalper » Thu Feb 06, 2014 2:10 pm

onontsira wrote:If we are in a H4 MZ which is still valid, we can look for shorts here.

I hope I'm not making a fool of myself


That's fine but I'm looking at the bigger zone to the left. you're looking at it from the pov of trend trading. I'm not. It's always a question to me of how much momo exactly is required when hitting a zone apparent on whatever TF and I'm still marrying it up - I agree with your analysis of it not breaking that high mbar on H4 - which also looks like a down rb to be. However: what is the significance of H4? Look at H1, there was a clear break out and a breakout of a price level, the an retrace and entry. How much momo breaking a line of what significance is enough?
In which case I'm wondering if the bigger zone to the left is really what I should be looking at at all (YET again, I come a full circle from looking to the left back to only looking at current PA!). it's either of relevance or it isn't.
MOs 56 hour chart says down lol but it's bound to, so would a couple of larger MAs on the H4 chart.

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Postby newscalper » Fri Feb 07, 2014 3:32 pm

Been looking at TSetter again- 3a and 3b strong and weak shift look intresting :idea:
Shame it's nfp but my feeling is this is the direction to seek next week now perhaps
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