A fresh start! Doji's Trading Journal

[Braathen]

Thanks for the pics and words of wisdom MO

I always look forward to your post as i really enjoy reading/studying them
to try better myself.

Ive been trading long since about 1.3170 area and have enjoyed quite a few bottles of rum lol (truth be told.. rum.. vodka and a bit of whiskey,
but favourite funny enough has been the classic 2 ice cubes.. slice of lemon.. 2 cl of bacardi and some coke in a smallish glass)

Ive been studying your pic all weekend by drawing the same things on diffrent pairs to try incorperate it into getting better entries and less "fizzlers".
For a long period i have only been using horizontal lines.

I really enjoy this bit "we religiously try to exclude breakouts from the pattern..." and ofc the "any channel can double in size".

As always thaks alot for all your posting and hope you had a great vacation

[MightyOne]

I've been drinking Gentleman Jack with a bottle of Ron Zacapa thrown in the mix to break the trend.

I haven't had Bacardi since I was a teenager =)

[MightyOne]

[RicG]

[MightyOne]

Your angles are too sharp...

[MightyOne]

When they work they work...
& when they don't you delete everything and try again.

These lines have held nicely. =)

[PebbleTrader]

I've been moving away from using channels / wedges and even trendlines...I will draw 1 ... maybe 2 trendlines on a chart if they are really obvious and of a larger tf.

The purpose is to see what others are seeing, not so much because I trade them...

[dojirock]

G/U trade.

[MightyOne]

I've been moving away from using channels / wedges and even trendlines...I will draw 1 ... maybe 2 trendlines on a chart if they are really obvious and of a larger tf.

The purpose is to see what others are seeing, not so much because I trade them...

I use a mix of my own interpretations of triangles, channels, & Andrew's Pitchfork.

My definition of a trend line is an angle outside of that used for a channel.

Now if that is the case then you simply reuse your channel angle when price reaches the next level of congestion instead of using a trend line at all.

There is nothing wrong with just using horizontal lines & I do just that most of the time. =)

[RicG]

The angles are not too sharp, simply because this pattern is not based on angles. Angles in this setup are irrelevant. This is a precise harmonic pattern that involves 4 market moves and 3 major Fib zones. The combination of these moves form 5 points that create the pattern. The angles can vary widely on this setup, because they are based on price action and the aforementioned items.

There are many different ways to trade successfully.

Regards,
Ric

Your angles are too sharp...