News, You got it.....
Now go a step further...you have your bias marked out...it may seem like you missed the big move....and in hind sight it will look like trades were taken before the bias was formed. Was it? No.....
Next step is look left.....the old bias will be broken at the top...this enables us to go short....after in a trade if the bias is switching to short you will see confirmation breakes to the left and short bias lines forming all the way down until the 30 min bias actually cements.
Good work news....
A fresh start! Doji's Trading Journal
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dojirock
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Newscalper,
This is the chart from yesterday...CC's
It doesnt even matter that they shifted....
the bottom red line Broke. Momentum punched a hole right through the ceiling. It is before the blue long bias line I have drawn was even formed based on that shift of the CC's.
Being long bias and taking a long.... I dont think we missed the big move at all!
Do you?
This is the chart from yesterday...CC's
It doesnt even matter that they shifted....
the bottom red line Broke. Momentum punched a hole right through the ceiling. It is before the blue long bias line I have drawn was even formed based on that shift of the CC's.
Being long bias and taking a long.... I dont think we missed the big move at all!
Do you?
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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!"
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dojirock
- rank: 1000+ posts
- Posts: 1770
- Joined: Tue Nov 17, 2009 10:11 pm
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Dont get crazy but it even works on a 1 min, 3CC chart.....
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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!"
I thought bias was taken from the first candle that broke the Zl (at the left) but it is the second one at the right!!!... I was totally at the opposite...
News said it before: "It's not a momentum continuation thing (outside bar, retrace and continuation) at all, it's a momentum failure thing and hooking up when they're trying to get out for break-even at the other side."
So, in this EURAUD case, you draw your ZL all the way down and it becomes active once a higher tf candle closes above it at the right (and you go long)
Am I close?
Thank you Doji for all your learnings efforts
News said it before: "It's not a momentum continuation thing (outside bar, retrace and continuation) at all, it's a momentum failure thing and hooking up when they're trying to get out for break-even at the other side."
So, in this EURAUD case, you draw your ZL all the way down and it becomes active once a higher tf candle closes above it at the right (and you go long)
Am I close?
Thank you Doji for all your learnings efforts
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Hey Doji seems like a replay to me 
You are doing a good job and i really hope that the followers learn from it.
Still watching kreslik but not involved but i will interact when i see bullshit
Keep up the work the more people who can do this the better you will feel.
You are doing a good job and i really hope that the followers learn from it.
Still watching kreslik but not involved but i will interact when i see bullshit
Keep up the work the more people who can do this the better you will feel.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
ONO - I look at Supply and Demand. Clusters/Areas where price spend alot of time. UJ has hit some extreme areas of Supply, in fact there are 2 major supply levels price has to break in order to continue upwards. My overall bias was finding some area where I could go short, as I assume there would be Sellers waiting up top.
I've close the trade, I had 2 simultaneous trades on UJ as priced hooked back into a lower zline. Out with 20pips est.
FxFreak - Below is a chart for EU, where price has hit a major H1 zline/ R line. If prices continue to close below, this may be a sell.
I've close the trade, I had 2 simultaneous trades on UJ as priced hooked back into a lower zline. Out with 20pips est.
FxFreak - Below is a chart for EU, where price has hit a major H1 zline/ R line. If prices continue to close below, this may be a sell.
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- eurusdm30.png (16.24 KiB) Viewed 1035 times
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