A fresh start! Doji's Trading Journal

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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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Jalarupa
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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
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

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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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judokamak
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Postby judokamak » Wed Feb 19, 2014 7:33 pm

Yeah, i remembered that down rb was missing. On that chart s-->r lis poping up in the eyes, so i forgot.

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Postby newscalper » Wed Feb 19, 2014 8:11 pm

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


It depends on how you personaly define things BB - the full phrase was Close Above Close Below...A Line that YOU believe to be support or resistance. So read into that what you will.
You could say, if looking at bars that (say on daily), if price is going up, the last daily high to be closed over (you believed it to be resistance but it wasn't as another daily closed above it), then a daily bar closes below it....close over close under.

Or if you so choose you can do it with last highest open - last bar up closes over open, then a bar closes below it. Over under.

It all depends on what you beleive to be support and resistance...

or it could be like the lines Jal has drawn....

could be any damn line.....and any TF bar closing and under it.
:lol:

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Postby newscalper » Wed Feb 19, 2014 8:22 pm

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Postby MightyOne » Thu Feb 20, 2014 5:35 am

There is no resistance until price closes lower than something.

I would avoid drawing lines altogether and simply ask your inner child what it sees.

Get a pint of liquor and keep sipping until it all makes sense; that is how I learned ;)

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Postby dojirock » Thu Feb 20, 2014 6:48 am

It always seems to be one line 1st.
followed by an RB for confirmation (if you need it)

stack...stack....stack...
8)
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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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