A fresh start! Doji's Trading Journal

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Humble
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Postby Humble » Mon Feb 17, 2014 3:53 am

Hi Dan

Dan wrote:P.S. Not trying to make your trading knowledge seem irrelevant, just trying to help with simplifying the process because thats the key in my opinion.


Sure is, make simple things difficult - start over again - gain complexity - start over again, I know it well.

Glad it's working well for you.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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newscalper
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Postby newscalper » Mon Feb 17, 2014 9:26 am

Image

Not convenient is it?

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newscalper
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Postby newscalper » Mon Feb 17, 2014 9:46 am

Humble wrote:
bettlebox wrote: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 BB


Funny how we can take something like this and have different views on it. For me I use it like S&R, to see if a move is reversing or a pullback (if it only closed above and not below the line).

A bit like when News said she had so many bits left over. I'm sure they are going to be different ways of looking at the same thing.

Anyway here is a chart, I hope it's not too messy, with many examples on the one chart. Kind of like looking at a 1-2-3 on a line. Did it close under, then close over, then only wick at the line on the next visit.


Image


Hi Humble - interesting chart for an overview. What I see is a breakout of a DL then on return a 'rat', then you're drawing another line at the 'rat' breakout and then somehow entering at a return to that line.

Are they just examples or the only DL breakouts you'd draw. Reason I ask is because there's lots more of them on there than the one's you've drawn.

Cheers

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newscalper
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Postby newscalper » Mon Feb 17, 2014 9:49 am

On the other chart I'm watching all these would have been entries
Image

Not taken them as opened the GU. So far I don't think I'd have made +ve pips so that would have been another % or 2 off the account and it now looks like it's going to close down down down.

I know it's bank holiday and no news today - so not likely to get taken out with a spike. EU has been a mess, GU has trended, so bank holiday hasn't made much difference.

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Postby newscalper » Tue Feb 18, 2014 1:41 pm

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onontsira
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Postby onontsira » Tue Feb 18, 2014 2:47 pm

Took the bounce long on this pair this morning...

Glad I had lunch during the down movement near my SL (for the last third of the trade)... If not, I would have certainly got out due to fear of being stopped out...
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Postby newscalper » Wed Feb 19, 2014 11:55 am

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judokamak
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Postby judokamak » Wed Feb 19, 2014 12:47 pm

News, that re-test of the broken up RB, after the big red candle...

You don t see it as entry?

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Postby Jalarupa » Wed Feb 19, 2014 5:17 pm

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revising Dragon Style today...

The first trade was me mucking about with my order software trying to set a reversal order above the red line... pushed the wrong button then figured out how to do it and instead took the reversal on the break of 140.5...

Edit - to call this dragon style is a misnomer because he would have waited for the MZ / ZLine Rejection before going long...

Patience of on my list of to/do's in 2014
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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newscalper
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Postby newscalper » Wed Feb 19, 2014 5:34 pm

judokamak wrote:News, that re-test of the broken up RB, after the big red candle...

You don t see it as entry?


Why would I - that's exactly the same kind of entry I keep taking and then when it loses I'm told bias is the other way. So I take that to mean that bias is up until a red rb forms.

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