A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Tue Nov 20, 2012 1:14 pm

Just gone EU short. Pics in a mo. Slow PC probs.
Closed. Loss



F'k me

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Humble
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Postby Humble » Thu Nov 22, 2012 1:07 am

In case it helps

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Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby bettlebox » Thu Nov 22, 2012 2:46 pm

EU trade today 0.20 pips LOL, price failed to push through to a new high on my orginial entry, i knew it was in trouble and bailed at 0.20 pips.

When i was thinking long at step 2., i waited for a full rat trade reversal as confirmation of a price stall, but risk had become too much for me at that stage, so had to let it go.

Looking back at it now in highsight , i should never of been thinking short at 1., it was just a deeper retracement. :/



BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby bettlebox » Thu Nov 22, 2012 3:06 pm

I found this quote from a fellow price action trader , Nial Fuller.

"If you want to master trading you can pick one price action strategy and learn how to trade it in every market condition; make it your bi$@h..............REALLY master it before moving on."

This is what im doing ^^.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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newscalper
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Postby newscalper » Thu Nov 22, 2012 6:00 pm

Humble wrote:In case it helps

Image

Not really because I can show you hundreds of 5 minute z lines that don't hold as well as do in hindsight - what about the one right above and the run down...going down?? Why not down again at the upper z-line if the one below is good too? It's in the middle of a huge supply zone so why up and not down?

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Jalarupa
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Postby Jalarupa » Thu Nov 22, 2012 7:12 pm

newscalper wrote:
Humble wrote:In case it helps

Image

Not really because I can show you hundreds of 5 minute z lines that don't hold as well as do in hindsight - what about the one right above and the run down...going down?? Why not down again at the upper z-line if the one below is good too? It's in the middle of a huge supply zone so why up and not down?


Okay... why not have a simple rule that you will not break no matter what?

Like only trade in the direction of the D1 Candle Colour?

Add in a Bias for the W1 and you got yourself a nice combo...

Trade the H4 / H1 Momo pullbacks and you have this strategy mapped...

Body in direction of Profit / Wick in Direction of loss...

I think one of the reasons MO sizes his positions from the Weekly Extreme is that he knows that price has to cross the daily open to get back to him and that is a big enough task in and of itself...

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"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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bettlebox
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Postby bettlebox » Thu Nov 22, 2012 7:49 pm

Based purely on that chart humble posted and his comments this what i see.

2 pictures 1 is orginal picture its bit of mess so i did a simplfied version of the same price movement to help example what i see.



here is orginal
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Postby arkan1976 » Thu Nov 22, 2012 8:34 pm

Doji
would this be more or less what you do?
The whit lines are entries and red lines the stop.
The green number are the maximun pips reached.

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Postby prochargedmopar » Fri Nov 23, 2012 1:18 am

newscalper wrote:
Humble wrote:In case it helps

Image

Not really because I can show you hundreds of 5 minute z lines that don't hold as well as do in hindsight - what about the one right above and the run down...going down?? Why not down again at the upper z-line if the one below is good too? It's in the middle of a huge supply zone so why up and not down?


Stop trying to find the perfect entry.
Stop trying to find 100% win rate.
Stop trying to find a place the market goes to the moon.

Start trying to find a point to enter in which you can exit at b/e MOST of the time AND you'd be very surprised when you couldn't save your shorts.

AFTER you find a place on the chart that meets this requirement, THEN start trying to make pips/money.
Could you exit B/E at the point in which price touches the Bband while also having macd fast line on proper side of 0 line????
(Arrows point to entry @ bb and adjoining momentum on macd)
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dojirock
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Postby dojirock » Fri Nov 23, 2012 2:05 am

bettlebox wrote:Based purely on that chart humble posted and his comments this what i see.

2 pictures 1 is orginal picture its bit of mess so i did a simplfied version of the same price movement to help example what i see.



here is orginal


As I see it, on a 5 min chart there are two ways to trade it.

1. With a bigger time frame in mind, only take the pullbacks and trade in that higher time frame direction. (with the bias!)

2. Candle by candle, usually 3, and trade both directions scalping.

Advice, get successful on a 15 min or higher before you try to master the 5 min.
I can trade the 5 min, without near the results of the 15 min. The one min, is suicide for me.
lol

:?
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