A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 4
Gender: Male

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

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

@cpt pugwash

You only trade with limits?
im gluten free intolerant

User avatar
Captain Pugwash
rank: 500+ posts
rank: 500+ posts
Posts: 529
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 166
Location: Insanitary Industries
Gender: Male

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

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

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:
im gluten free intolerant

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

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.

User avatar
Captain Pugwash
rank: 500+ posts
rank: 500+ posts
Posts: 529
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 166
Location: Insanitary Industries
Gender: Male

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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Postby dojirock » Thu Nov 29, 2012 5:56 pm

withnail wrote:A post from Aliassmith you might find interesting. http://kreslik.com/forums/viewtopic.php?p=47713#47713
Cheers,
Withnail


Thanks for the link Withnail....

doji
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!"

paweldobkowski
rank: 1000+ posts
rank: 1000+ posts
Posts: 1236
Joined: Mon Dec 27, 2010 12:12 am
Reputation: 291
Gender: Male

Postby paweldobkowski » Fri Nov 30, 2012 1:29 pm

Captain Pugwash wrote: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.


Yes. I noticed that while i was trading futures. Huge orders stacks are getting consumed slowly on every bounce. I just never found a logic behind where they are placed (sometimes they even quickly pull them out and switch sides) so its hard to transfer that logic to trade SPOT. So sometimes i just get it and sometimes im taking price up the ass trading with limits :wink:

I only noticed one pattern that seems to be doing well so far. It's almost always pip perfect so it looks kinda like those orders on Your A/U screenshot. Still testing it. Live, fck backtesting.

You Captain are a mysterious figure with Your 60 posts
But definitely You know Your s**t :shock:

Seriously though thanks for the comments :wink:

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Postby dojirock » Fri Nov 30, 2012 9:40 pm

YES!f I love it when they do this......another 28 in the bag...

have a great weekend!!!!!

doji
Attachments
stopping.gif
stopping.gif (15.19 KiB) Viewed 3212 times
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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”