A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Sat Dec 08, 2012 5:11 pm

bettlebox wrote:I absolutely convinced that higher timeframe trading is way to go.
Its much easrier to sit on a trade for week and let it work while you manage it. Than to look for trades on daily basis.

Sounds like a good plan mate.

dojirock wrote:Applying trading method to 4 hr charts produce amazing results. I cant even imagine just taking 4 trades in a month. It yields over 600 pips. A goal for 2013 is to apply what I know to the 4 hr chart and with every fiber of my being muster up the patience to trade that time frame. The trade off in the number of pips has to be worth the imagined less stress trading the 4hr chart.
Hats off to all you longer time frame traders. I'm going to try it on a pair I don't normally trade so I can still trade my usual way on the 15 min.
I will post 4hr charts for accountability. (That always helps me stay on track).


Im gonna try it on USD/CHF and see how it works out. Risking .10 per pip.
Thats gonna be my long term pair for the test.
"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!"

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dojirock
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Postby dojirock » Sat Dec 08, 2012 6:01 pm

Hi BB,

I think you understand what im saying. There is truth to what you say, so im guessing you get it....

I cant say it any easier than what I said earlier.....

"News- Pay no attention to anything blue or red in this case."

Chapter closed....

Have a great weekend everyone!
"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!"

pinux1976
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sos

Postby pinux1976 » Sat Dec 08, 2012 8:03 pm

bettlebox Can you help me to find for study better the PA with break and retest the previous resistance/support
indicator like the image above?


arkan1976 your indicator with pips ? i found with google??



dojirock




in my stupid mind i want to have
1) a main trend idea with dojirock indicator for pullback on higher TF4
2)a view on tf 60 with clear and easy view from bettlebox
and
3) go to low tf 15 and entry with arkan 1976 indicator

i hope can you help me
i have reading this forum years ago -> go to market -> loss->study->another loss->study-> ops another loss

and in this 6 months i have delete all the indicator and study Price action and here i have found you
the 3 Musketeers (arkan1976, bettlebox, dojirock ) in in your hands

thanks for have read me
p.s sorry for my bad english
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dojirock
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Postby dojirock » Sat Dec 08, 2012 8:16 pm

Im, sorry, Im taking a time out... 8) Gonna have a couple shots of rum spiced cider.
Last edited by dojirock on Sat Dec 08, 2012 9:25 pm, edited 1 time in total.
"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!"

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bettlebox
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Re: sos

Postby bettlebox » Sat Dec 08, 2012 9:03 pm

Hi Pinux

It all boils down to price expanding and then contracting.

call it zlines, call it supply and demand, call it thinking like a market maker, call it support and resistance its all same .

I will give some links to sam seidens supply and demand, only because it best documented and if understand it you are well on the way to understand everything here.

best advice is stick 2 time frames, 4hr and 15min timeframe for time being. 3 timeframes will confuse the hell out of you. You have to go thought period of gaining exprience and then you can take on 3 timeframes.

Master :-
1. trend direction on higher timeframe
2. understand where you are in cycle of price expanding and contracting.
3. identify where and how price stops n reverses ie zline,supply n demand, support or resistance.

What i did with point 3 was look at whole bunch of trades of holding the price at an area and trades that fell straight through an area with out stopping. If you look at enough trades like this you will start to see clues when price is going to stop n reverse or fail and fall through.

Then you have entry, people have differnet styles i use 15min rat trades of zlines,s/d /s/r.This is something you have to research and see what suits you.

here is some links:

http://www.acegazette.com/en/trading-ar ... y-mel.html

http://www.forexfactory.com/showthread.php?t=311095

http://www.forexfactory.com/attachment. ... 1317247235

http://lessons.tradingacademy.com/artic ... verlooked/

http://lessons.tradingacademy.com/artic ... oper-focus

http://lessons.tradingacademy.com/artic ... to-follow/

BB

pinux1976 wrote:bettlebox Can you help me to find for study better the PA with break and retest the previous resistance/support
indicator like the image above?


arkan1976 your indicator with pips ? i found with google??



dojirock




in my stupid mind i want to have
1) a main trend idea with dojirock indicator for pullback on higher TF4
2)a view on tf 60 with clear and easy view from bettlebox
and
3) go to low tf 15 and entry with arkan 1976 indicator

i hope can you help me
i have reading this forum years ago -> go to market -> loss->study->another loss->study-> ops another loss

and in this 6 months i have delete all the indicator and study Price action and here i have found you
the 3 Musketeers (arkan1976, bettlebox, dojirock ) in in your hands

thanks for have read me
p.s sorry for my bad english
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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pinux1976
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Postby pinux1976 » Sat Dec 08, 2012 9:23 pm

thanks to all ill' go to study

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Postby arkan1976 » Sat Dec 08, 2012 9:32 pm

thanks Dojirock for your time.
Sincerely now enter in places that never i never seen before.
thank you very much to you too Bettlebox !

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Re: sos

Postby arkan1976 » Sat Dec 08, 2012 10:28 pm

pinux1976 wrote:bettlebox Can you help me to find for study better the PA with break and retest the previous resistance/support
indicator like the image above?


arkan1976 your indicator with pips ? i found with google??



dojirock




in my stupid mind i want to have
1) a main trend idea with dojirock indicator for pullback on higher TF4
2)a view on tf 60 with clear and easy view from bettlebox
and
3) go to low tf 15 and entry with arkan 1976 indicator

i hope can you help me
i have reading this forum years ago -> go to market -> loss->study->another loss->study-> ops another loss

and in this 6 months i have delete all the indicator and study Price action and here i have found you
the 3 Musketeers (arkan1976, bettlebox, dojirock ) in in your hands

thanks for have read me
p.s sorry for my bad english



jajajaj 3 Musketeers , that good.
Sorry pinux, but i can not help you so much, because i´m learning.
It´s true that I've come a long way in recent months, but i´m so far to be consistent, and i don´t if some day i´ll get.
relating to the picture, those lines are drawn manually, are known Dragon lines, that really are supports and resistances.
However are a indicator that draw the lines : II_Dragon_OC_Lines.mq4
but my advice is that you learn to draw the lines manually.
Cheers.

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prochargedmopar
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Postby prochargedmopar » Sun Dec 09, 2012 5:11 am

dojirock wrote:Example chart


The exact same trade entries/setup that Steve @ ftc says he would recommend for newbies (but is also his favorite.)
6/12 fresh cross/pullback on H4 timeframe.
First bband hit after new highs/lows added by me for good measure. ;)


Simple is as simple does.

55 pip (If/Then) would suffice on an H$.

And there is PLENTY of pips without having to pick tops/bottoms.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby prochargedmopar » Sun Dec 09, 2012 5:28 am

Repetition is the mother of all learning.
Perfect practice makes perfect (and builds intuition).

In the last 5 days............
Long arrows show what I've come up with to limit larger drawdowns.


http://screencast.com/t/yhcLSX2NbHEb

478 trades and counting.
Last edited by prochargedmopar on Sun Dec 09, 2012 2:51 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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