Bias long
But
If you want to buy dips
A fresh start! Doji's Trading Journal
Moderator: moderators
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
You should never have more than 2 lines on your chart as more lines will just serve to confuse you.
I favor the LIS early in the trend up until just beyond the 1-2-3 breakout.
I use same color inside candles & color change late in the trend; waves 3 & 5.
There is a time to actively trade a chart and there is a time to passively trade a chart by deciding to hold no matter what the short term picture is telling you.
I favor the LIS early in the trend up until just beyond the 1-2-3 breakout.
I use same color inside candles & color change late in the trend; waves 3 & 5.
There is a time to actively trade a chart and there is a time to passively trade a chart by deciding to hold no matter what the short term picture is telling you.
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
This is what I mean with this kind of bar - to look at the weekly, you think 'down' or 'nice profit made short. when in fact price is WAY up and beyond the high extreme of the bar.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
-
Karma
- rank: 50+ posts
- Posts: 145
- Joined: Sat Jun 04, 2011 11:59 am
- Reputation: 0
- Location: South Florida
- Gender:
If that was a line chart it would look very similar.
Do you really need the current candle to imagine what's happening between the previous close and the current price
Do you really need the current candle to imagine what's happening between the previous close and the current price
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
-
dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Just one short today
Last edited by dojirock on Tue Aug 06, 2013 6:16 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!"
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
newscalper wrote:This is what I mean with this kind of bar - to look at the weekly, you think 'down' or 'nice profit made short. when in fact price is WAY up and beyond the high extreme of the bar.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
I use the Dragon Chin (avrg extremes) for breakout trading on small charts.
On large charts I turn on the bars and trade from the actual extremes.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.