A fresh start! Doji's Trading Journal
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- dojirock
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U/J still progressing nice this morning..
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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!"
"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!"
- Captain Pugwash
- rank: 500+ posts
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joksa44 wrote:
I would be very grateful if you can explain, step by step, how you drawing this rectangle . Of course, if that is not a problem to you!
Its simply a supply demand box drawn between two Dragon lines
A dragon line is where you can see on a chart (say) a red and a green candle - a reverse if you like - you can see them in H4 H1 etc
So say price moves up, then it retraces back down on a red candle and then reverses up again on the green candle -
where the price reverses on the finish of the TIME PERIOD your observing, you will see a red candle and the following hour a green candle. - another way of saying it is " the end of the red candle and the beginning of the green candle. " however you choose do describe it, THAT'S A DRAGON LINE
later price breaks down and goes through where the price reversed the first time. ( price breaks the dragon line we just drew, and carries on down).
Price carries on down - then moves up again - the H1/h4 then reverses down again.... i.e you see a green candle followed by a red candle
So in this case you draw your box between the........
a). dragon line that was seen as demand (the top one in this example that was broken)...........To
b). the lower dragon line that show you where supply is now.
All dojis boxes start and finish at price levels where you can observe two opposing colour candles - have a lok and you will see it
Well , I know what I mean anyhow
OH sorry - I'm not doji
sorry Doji
anyway - going back into my cave now
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
joksa44 wrote:Hi Doji!
I would be very grateful if you can explain, step by step, how you drawing this rectangle . Of course, if that is not a problem to you!
Any way, thanks for your contribution on this forum, i really appreciate your work !!
Thanks
Joksa,
Here Doji explains how he does it: http://kreslik.com/forums/viewtopic.php?p=75007#75007
-bumpo
- dojirock
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Hey no problem...your spot on Captain. I use the break of previous trend RB boxes as trades or confirmations.
If you dont understand what Captain is saying, bumpo posted a link on how to draw them.
Again, just zlines...its just how I learned to see and draw them that opened my eyes.
Thanks again to Dragon!!!!
doji
If you dont understand what Captain is saying, bumpo posted a link on how to draw them.
Again, just zlines...its just how I learned to see and draw them that opened my eyes.
Thanks again to Dragon!!!!
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!"
"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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Thank you for your support.
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