Overlays, if using for direction, make sure you can see the full picture.
Using a ema, sema, whatever you want, you need to see the analysis
on a specific time frame...this is why I switch time frames vs using overlays, im not that gifted!
A fresh start! Doji's Trading Journal
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- dojirock
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When things get slow or ranges shrink, and you just cant stand it...you need to trade, make a plan for it....
you cant get where you want to go without it.
Everyones is different!
you cant get where you want to go without it.
Everyones is different!
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!"
- dojirock
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5 min works too as long as I know the plan ahead of time.
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- f5min.gif (26.63 KiB) Viewed 2274 times
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!"
- dojirock
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I hope something here helps you guys. One thing I have learned is expressing it in a multitude of different ways will eventually click for others.
I will never forget the day and how stupid I felt when I finally got close above, close below. (my interpetation, of what MO said or wrote) and could see due to a drawing from Dragon on price action. Those two pieces of the puzzle changed my trading.
I will never forget the day and how stupid I felt when I finally got close above, close below. (my interpetation, of what MO said or wrote) and could see due to a drawing from Dragon on price action. Those two pieces of the puzzle changed my trading.
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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Hi Doji
i think today was good example of this on EurUsd
i think today was good example of this on EurUsd
dojirock wrote:I hope something here helps you guys. One thing I have learned is expressing it in a multitude of different ways will eventually click for others.
I will never forget the day and how stupid I felt when I finally got close above, close below. (my interpetation, of what MO said or wrote) and could see due to a drawing from Dragon on price action. Those two pieces of the puzzle changed my trading.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
- newscalper
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IME it's not as easy as everyone keeps making out. Look
There was no long, it was last thing on a Friday, the trade was a short.
Where the zones are depends on how far back you're going to look - as I keep asking, how old does a zone have to be for you to still consider it valid. Zones on different timframes are all the same it's just a matter of when they occurred - compressed data innit.
Either that or previous zones are not considered at all and all that is looked at is what is happening now on the chart you are looking it with the close above close below idea.
I do see how, like Doji says, though that sticking to the one TF view can help clarify.
There was no long, it was last thing on a Friday, the trade was a short.
Where the zones are depends on how far back you're going to look - as I keep asking, how old does a zone have to be for you to still consider it valid. Zones on different timframes are all the same it's just a matter of when they occurred - compressed data innit.
Either that or previous zones are not considered at all and all that is looked at is what is happening now on the chart you are looking it with the close above close below idea.
I do see how, like Doji says, though that sticking to the one TF view can help clarify.
- PebbleTrader
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- dojirock
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newscalper wrote:IME it's not as easy as everyone keeps making out. Look
There was no long, it was last thing on a Friday, the trade was a short.
Where the zones are depends on how far back you're going to look - as I keep asking, how old does a zone have to be for you to still consider it valid. Zones on different timframes are all the same it's just a matter of when they occurred - compressed data innit.
Either that or previous zones are not considered at all and all that is looked at is what is happening now on the chart you are looking it with the close above close below idea.
I do see how, like Doji says, though that sticking to the one TF view can help clarify.
This is where you guys get confused....so mark the zone on the 4hr..and dont trade long into it...thats ok....your missing the point.....this is my bias chart...not entry chart....
do something to pick a bias....and then pick another time frame to use as entry....
mark some where on the chart and put a line where you can determine a direction....as long as you say the 4hr is going short...or long i dont care
you need to have a way... to see bias...then drop to smaller time frames..and zline, pattern away...sticking to your bias...
you guys seem to be wanting to read everything off one chart, with overlays causing mass confusion?
lol
keep it simple
see next chart
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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