A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Mon Feb 10, 2014 1:01 pm

Another visual
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Postby bettlebox » Mon Feb 10, 2014 6:05 pm

Live Trade on EU this morning Breakeven. I saw the dropping momentum on the 1hr candles in to 1hr zline of momentum up. I risked +8 pips for chance it might of taken the lows of asian session.

I have just experienced my first real slump period as a trader. Im recovering from that at moment.
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Postby newscalper » Mon Feb 10, 2014 6:09 pm

dojirock wrote: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.


If those yellow zones are created by a Dragon Line from the hourly, meaning an hourly closes against the direction you think it will go, then another in your favour - erm...that's just an RB but on the hourly??

So you're saying red M15 RB overcome by Green H1 RB for long and vice versa for short.

i.e

So you're saying (if going long)

Last short Red M15 RB broken to the upside.
Green RB forms on H1 with the upper side of the box above the upper line of the M15 RB. Yellow box is drawn from upper line of failed M15 red RB to upper line of green RB.
Then when price returns to the yellow box, which is rare...enter somehow on the M5 and then exit God knows where?

I don't know.
I'm still struggling to understand this

:(

Image

A further issue is, as you know, in this image, even though the yellow box is there, it will not actually have formed into that zone until the green close up is further confirmed by a red close down, in this case the very last momo bar down before direction changed, so in fact where I've put the arrow, there was no entry, the H1 RB had not formed?

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Postby newscalper » Mon Feb 10, 2014 10:07 pm

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Postby dojirock » Mon Feb 10, 2014 10:17 pm

Im trying really hard not to confuse you. This is one of thos things that is difficult to explain in a picture..
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Postby newscalper » Mon Feb 10, 2014 10:57 pm

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Postby newscalper » Tue Feb 11, 2014 8:25 am

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Postby Jalarupa » Tue Feb 11, 2014 12:24 pm

JESGPY wrote:This may be a stupid question.

What is RB?

Been trying to figure it out

Thanks


To my understanding an RB is a Rock Box and it shows the Zline on both the high and low range in the box...

Just wait till price is in the box and trade away from the box...

hmmm....

https://www.tradingview.com/x/WzvTBr52/

This example is a poor one... but sometimes I think of it as, if a dragon line were to see and take a liking to a zero line, then they go out on a couple of dates to get to know one another. She then decides that she is getting too old for dating life and wants to settle down and maybe move in and see if she can put up with his farting and the mess he leaves after showering in the morning, because she thinks she can train him in some way... and anyway to cut a long story short, after a few years of living together they have a child, well that child would look a lot like an RB...
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Postby newscalper » Tue Feb 11, 2014 2:39 pm

That's mainly right Jal - the top rhs one's not quite right as the box starts at first point of breakout on the Dragon line/colour change. The two below are 'right' though.
Last edited by newscalper on Wed Feb 12, 2014 4:12 pm, edited 1 time in total.

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Postby bettlebox » Tue Feb 11, 2014 6:49 pm

Does anyone understand the concept of Close Above Close Below and can clarify it for me.

I think my conceptual model what i think it is, is wrong and it keeps flip flopping with in my mind.

Thanks
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