A fresh start! Doji's Trading Journal

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Captain Pugwash
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Postby Captain Pugwash » Wed Nov 28, 2012 4:43 pm

I take notice of candles - especially where they show where the supply and demand lies - the other stuff is "conformation" which will generally get you a worse price and risk reward.

EDIT Actually -look at your trade from yesterday and apply the same principles
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby bettlebox » Wed Nov 28, 2012 9:20 pm

pug i noticed something about the 15min rat trades i taken so far, they all wick the 15min supply/demand zone, no big deal right.

But i noticed if i had attempted to take trade in the wicked portion of first candle that formed the 15min rat trade, that would of been a very good entry.

Plus you are taking trade in area where price was pushed out of , hence the wick on previous candle. very interesting

So wait for price to hit supply/demand on 15min and make serious attempt at a test that area and then play 15min wick as enter on the next candles.
So instead waiting for the other half of the 15min rat trade to form you take cheeky enter in wicked area knowing its area where price was rejected from.

am i close?

BB



Captain Pugwash wrote:I take notice of candles - especially where they show where the supply and demand lies - the other stuff is "conformation" which will generally get you a worse price and risk reward.

EDIT Actually -look at your trade from yesterday and apply the same principles
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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Captain Pugwash
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Postby Captain Pugwash » Thu Nov 29, 2012 7:18 am

Hi BB

All I might suggest is - try not to box yourself in, by saying to yourself - "I trade m5/15/60" etc etc - try to be fluid - look at everything from the top down.

EDIT - also I thought about this last night - if your entry method works for you - dont change it for anybody but yourself.

I posted an AU trade yesterday after your prevoius chart - you may have missed it?
Last edited by Captain Pugwash on Thu Nov 29, 2012 7:54 am, edited 4 times in total.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

Humble
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Postby Humble » Thu Nov 29, 2012 7:27 am

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

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Postby paweldobkowski » Thu Nov 29, 2012 10:37 am

@cpt pugwash

You only trade with limits?

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Postby Captain Pugwash » Thu Nov 29, 2012 11:05 am

hi Pawel - I never say never - but 90% of my trades are worked out well before hand - and a limit order used
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby paweldobkowski » Thu Nov 29, 2012 11:36 am

I see.

From my point of view it's impossible because situation is changing constantly. It's good to know that in fact it is possible. Now about 20% of my trading are limit orders. I'd prefer to use limits more so I need to work on it I guess.

Thank You for the answer Captain! :wink:

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bettlebox
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Postby bettlebox » Thu Nov 29, 2012 2:34 pm

Pug,

trust me im not changing anything, i have my core principles sealed in my mental environment. Im currently gaining exprience applying these principles in all market conditions and identify area of weakness with in my own ability to implement them.

My control is no changes on a whim, if im going to make a change:-

1). I must have clear and obvious edivence that there is a statistical advantage.
2). That it easily meshes with existing principles, ie doesnt require a tweak/change to them to make the new one work.
3). There will be a period of paper trading along side my live trading.

If it then gets through all that and proves it self to be worth the change, then and only then will i make that change.

What i have works im very protective of that now.

When i sit down at screen in morning and going through my routine,
Weekly & daily for key levels = 2mins
4hr and 1hr for direction and momentum= 5min +/- 2min
15min for entry (if its unclear for me on 15min im checking 5min and 30min)

when im looking at 4hr,1hr,30,15,5 im not just looking at individual candles but also group/combine them. Doji help me realise the price doesnt care about time, this one took me awhile to accept.

BB

Captain Pugwash wrote:Hi BB

All I might suggest is - try not to box yourself in, by saying to yourself - "I trade m5/15/60" etc etc - try to be fluid - look at everything from the top down.

EDIT - also I thought about this last night - if your entry method works for you - dont change it for anybody but yourself.

I posted an AU trade yesterday after your prevoius chart - you may have missed it?
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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bettlebox
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Postby bettlebox » Thu Nov 29, 2012 2:55 pm

Woke up late today and missed the european opening nice setup.

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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Captain Pugwash
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Postby Captain Pugwash » Thu Nov 29, 2012 4:58 pm

Pawel - the footprint the banks leave when they move price usually remains in the same place - until the order stack is depleted and the other team take control.




Thanks Humble
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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