I look at the open of mbars. (zlines)...In my mind they hold until price closes accross that line. Most of my trades are when a mbar is the candle that closes across that line. That becomes my entry area when price comes back to it.
dojirock
A fresh start! Doji's Trading Journal
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- dojirock
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Just two trades today....
zline 1
zline 2 which breaks
retest area
enter
ma cross as verification only...
dojirock
zline 1
zline 2 which breaks
retest area
enter
ma cross as verification only...
dojirock
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Last edited by dojirock on Thu Aug 30, 2012 5:21 pm, edited 1 time in total.
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!"
- Tony Montana
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- dojirock
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Tony,
Any clearer? Hope the pics help.
Notice almost all my entries short (which is my preference) I enter on a up candle.
Let me know if you have any more questions, but ask them here, Im sure there are others with the same question.
dojirock
Any clearer? Hope the pics help.
Notice almost all my entries short (which is my preference) I enter on a up candle.
Let me know if you have any more questions, but ask them here, Im sure there are others with the same question.
dojirock
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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- dojirock
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Think of it as this.....
We are in a 20 story building..my yellow line is the 15th floor.....
price will have to reach our floor or higher before we can get on the elevator... if it reaches the 18th floor...great...hit the button and let it catch you on its way down....
the top zline is the roof....the bottome one is our floor...
dojirock
We are in a 20 story building..my yellow line is the 15th floor.....
price will have to reach our floor or higher before we can get on the elevator... if it reaches the 18th floor...great...hit the button and let it catch you on its way down....
the top zline is the roof....the bottome one is our floor...
dojirock
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!"
- Tony Montana
- rank: 50+ posts
- Posts: 70
- Joined: Thu May 26, 2011 7:03 pm
- Reputation: 2
- Gender:
dojirock wrote:Think of it as this.....
We are in a 20 story building..my yellow line is the 15th floor.....
price will have to reach our floor or higher before we can get on the elevator... if it reaches the 18th floor...great...hit the button and let it catch you on its way down....
the top zline is the roof....the bottome one is our floor...
dojirock
That is going directly to my book
- Tony Montana
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