A fresh start! Doji's Trading Journal

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dojirock
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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.
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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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JESGPY
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Postby JESGPY » Sat Feb 08, 2014 8:19 pm

This may be a stupid question.

What is RB?

Been trying to figure it out

Thanks

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Postby newscalper » Mon Feb 10, 2014 12:49 pm

RBs have been discussed and explained many many many times in the thread :)

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Postby newscalper » Mon Feb 10, 2014 12:51 pm

Doji - is this what you mean?
The yellow box here is literally a line as the Dragon line is right into the RB.

Image

Also not sure what the H4 bars are 'doing'
edit - the H4 bars in my pic are not quite right - CC not lined up correctly

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

Another visual
Image

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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?

Image

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

Image

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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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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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