A fresh start! Doji's Trading Journal

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onontsira
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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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newscalper
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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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dojirock
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Postby dojirock » Fri Feb 07, 2014 11:13 pm

In my quest for bigger trades, combined with stacking I have made some new observations in the past couple weeks while altering the mcandle indi to reflect 2 time zones overlayed. Take a look and tell me what you think.

Things I have noticed:
opens show the way until broken
RB's ALWAYS sit right below or on top of the trend change candle
If I decide to open a trade the next 4hour or hourly candle will always break the previous open, confirming the trade.

1st pic shows the resting RB's, and the 2nd pic shows the 4hour overlay.

What do you see?
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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 » Fri Feb 07, 2014 11:21 pm

Yellow areas are only drawn when the other 2 criteria are met
Once price enters the area enter.
Every time price crosses the open and back, stack the trade
Average is 4 stacks per run

Cant wait for next week!
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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 joksa44 » Sat Feb 08, 2014 8:53 am

Hi doji! Very interesting!!!

Do you have some indicator to draw RB area or you are drawing them by hand? I have tried to draw them but i think that i don't understand core of RB. Please, if you can simplify these on a example, step by step. Thank you very much for your patience for this kind of dummies like me, who do not see things!

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Postby newscalper » Sat Feb 08, 2014 3:34 pm

Not sure how you're drawing RBs now Doji? They don't seem to conform to the breakout of dragon line by x bars, then bars' against' close and it only becomes a zone once another bar confirms the 'against' run is over and the last 'against' close is still above the breakout line? - How you defined bias zones. What TF you drawing them from in the example?

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Postby dojirock » Sat Feb 08, 2014 3:40 pm

Still the same old Dragon way of trading, I just have incorporated RB's which are easier for me. The RB's drawn in the pics are from the 15 min time frame due to thats what time frame Dragon uses for entries. I use 5 min RB's in correlation with the 15 min but if I drew the 5 min ones on the chart it would be a mess to see what I was trying to show the break of the 50 percents on the hourly in correlation with the 15 min RB boxes and the pointer to direction the 4hour overlay shows very clear.

doji
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 » Sat Feb 08, 2014 3:43 pm

Sorry I forgot, the purple boxes are the RB's on the 15 min.
The yellow boxes are the zones produced by the space between the RB's and the Dragon line which is the entry point for initial position. Follow that with the cross over of the 4hour opens/closes to stack.
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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newscalper
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Postby newscalper » Sat Feb 08, 2014 4:23 pm

OK - I'm partially there with it thx.

Any other supporting factors you're looking for too - i.e. the inital close under/close over at a prior level on a higher tf to the left?

And when you're referring to the open I assume you mean on the middle TF - the H1, you just say 'the open' could be any open?...oh you just the H4, got to look at this, not clear tbh...

I still do not understand how multi TF RBs correlate:

Image

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