A fresh start! Doji's Trading Journal

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prochargedmopar
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Postby prochargedmopar » Sun Dec 09, 2012 5:53 am

Trading is 99% psychological.



Look at this H4 chart of EU.
Look at this crazy F'er trading against the "TREND".

Rule #1
Enter on a "fresh" touch of the big figure after price has moved 100 pips to get there.
Rule #2
Use a 30 pip stop and 30 pip take profit.


How many pips do you make, how many do you lose?

Any questions?
Ask yourself WHY, the real reason WHY you are NOT successful at trading.


#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 5:55 am

Price went 30 pips against you ONCE, and you Immediately recouped the loss on the very next trade.
LOL
#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

pinux1976
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first 1/2/3/ and more question hehe

Postby pinux1976 » Sun Dec 09, 2012 7:42 am

i have read the pdf because the other page i have saved on a previous pdf
i have 2/3 beginner question
i'll attacced a full size image because this forum resize to 800x600 to small for my eyes
question:
1) the violet line (supply) 1/2 was untouched =-> good for the first touch when occured ?correct
2)the violet line n°3 touch friday in this case ( i don't like to trade friday ) the entry correct was a
pending order on the top on the violet box with stop 1/2 pip below the bottom or attend that the
first candle red close (in this case inside) and the next close go to low tf for find correct Price action
for long entry?
3) Orange A touched friday entry at touch and stop above orange or attend close (in this case beatiful double top to confirm) and short?
4) Orange B line was touched 1 in 29/ oct and touched 2 on 26 nov and at the third touch broke , in this case i have to delete i have understand well'

5) i have missed supply and resistence zone draw on my image
and if we have suggest thanks in advance

how many days i have to go back for check the line 1 month is enough? more less?




http://postimage.org/image/46jz6c5ut/full/

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Postby prochargedmopar » Sun Dec 09, 2012 2:42 pm

AJ H4

I'm sure EVERYONE here can build a much better system than this PROFITABLE method.

What if you actually used HISTORICAL sup/res levels instead of blindly trading off a round ##?
What if you took trades ONLY in the direction of a simple trend line at these very real levels you've drawn?

Hmmmmmmmmm



http://screencast.com/t/GMguEhUAi
#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 2:47 pm

It's what you do when your wrong that counts.
And a little bit of what you do when your right doesn't hurt either.
Space Balls!!!!
#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 newscalper » Sun Dec 09, 2012 10:26 pm

es/pip wrote:
newscalper wrote:Doji, hehe, sorry to be terse once again but why be SO cryptic if all you're talking about again is a retest? We all know it, we all see it. We've all shown charts showing it.
People would get results around here a lot quicker if there was a bit less of the mysticism.

And personally again and again I'm getting crushed trading it. Because it always boils down to which illusion you are trading.

What do I mean by which illusion? You guys are going on candle bodies and not price extremes. Extremes exist on all timeframe charts. Bodies do not.

Shall I repeat that: bodies do not.

Place your bias based on the 3 hour chart or some different brokers 4 hour chart and many times it will be totally different because the candles are not closing the same. What do you think 3xcc is about? It's not just about seeing momentum, it's to get around time-shifts because of different broker times. There is no magic line on the 4 hour chart where price turns on the 15 every time sorry guys. Have you never read 'Fooled by Randomness'?

If all you're showing is higher highs higher lows etc, nothing new under the sun. If you're showing something else, please explain. Ta.


I wouldn't say he is being cryptic, obviously he will come and post a response i am sure, but i just wanted to say this again.

At least from my experience, i firmly believe that it just is time on the charts that allows a person to feel it and see it all.

It is perception in a way i guess, maybe a little feel involved as well.

I look at the chart and i see what the other traders are doing, where they are in a position and where their stops are. I then either trade to zero them out or i wait and then take their stops and fade the move that takes their stops.

The big boys need liquidity in order to get their positions in the market. So they move the market to where there will be liquidity (zero line, s/d or stops).

This happens on all time frames, and you could just trade a m1 chart and look at nothing else; however, you would make a lot more trades and have a lot more losers.

SO

You trade a small time frame based on larger time frames. If you get a great looking m15 momo long trade but it is back into a large down h4 momo, then odds are not as good if say the other larger frames were also saying the same as your entry chart.

Having said all of that. At least for me, things change in an instant. i can be long biased but only end up trading short at times.

I really do not know how to explain it other than looking at the chart and really trying to feel the other traders and what they are doing. Find where they are positioned and where their stops are. Then find where other traders who are not in the market yet, and feel where they get in and get trapped and fade them.


Try and think like a market maker and you are executing huge order trades, and you do not want to move the market too much on your entry ( to an extent). The only way to do this is to trade where the liquidity is.

There is no 100% method, it may be out there but i do not have it, on Friday i made 45 trades and had 10-12 losers or BE ( across 3 diff markets).

That was more than usual, but i will trade what i see, and at times if i see a trade in 6e that i can get 5ish ticks i will take that all day long. On the es i will take trades that have a 3 tick target, other trades will have a 20-30 tick target. if the range becomes small i trade the traders in that small range, if the range expands i trade the traders in the larger range.

That may be a better way to say it, don't trade the chart, trade the other traders.

It is like MO has said before, poker and trading go hand in hand. When you play poker you are not always playing your cards, but you are playing the other people at the table based on their actions.

Same thing in trading.

Thought I'd quote this cos it's a really nice post. Thanks :)

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Postby newscalper » Sun Dec 09, 2012 10:47 pm

dojirock wrote:(silence)...hmmm...ugh...lol
I'm not trying to be cryptic. I'm going to quote MO here "Why do you guys make it so damn difficult" :roll: :roll:
I guess you can word it as a retest?, I didn't say anything about a retest. I disagree that we all know it, we all see it, we all show charts showing it, or we wouldn't be having this conversation. A retest could be a truth, but not the only truth.Not the only way to explain what I see either.
mysticism. Not my intent, sorry.
There is no illusion with this, your referring to something you haven't observed, not whats happening.
If you want to trade extremes, which I don't, and don't know even what they are for sure, that is what you have learned. Hey, i'm gonna type one of my new favorite quotes "Sometimes we need to stop learning and start thinking" I'm just using the bodies for this observation.
I'm sorry, they do for me. I see bodies on every chart? No?
It doesn't matter, take the time equation off it, you could hide the what time chart it is, it doesn't matter.
I agree, you may enter at x, I may enter at Y, but the direction is still correct. I do use wicks, extremes?, also but for entries...nothing else.

"If all you're showing is higher highs higher lows etc, nothing new under the sun." I can think of at least 5 ways to explain this.

" If you're showing something else, please explain. Ta."[/quote
That is what im trying to do.. Please re read my last post to you.

I dont take this as an attack, and please dont take this as sarcasm im just trying to explain it.

Not taken as either :)
So are my entries bad or what? Something like 6 losses in a row now?
Breakout, retrace, entry, crushed?
Or am I just REALLY good at keep taking the last breakout in a trend when it ends and comes back and bites me in the ass?

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Postby dojirock » Mon Dec 10, 2012 12:00 am

Hi Newscalper,

Can you post the trades, on naked charts and mark the entry and sl......
I will see if i can give you some insight.

Either here or in the room....thanks
"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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Jalarupa
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Postby Jalarupa » Mon Dec 10, 2012 4:44 am

prochargedmopar wrote:Trading is 99% psychological.



Look at this H4 chart of EU.
Look at this crazy F'er trading against the "TREND".

Rule #1
Enter on a "fresh" touch of the big figure after price has moved 100 pips to get there.
Rule #2
Use a 30 pip stop and 30 pip take profit.


How many pips do you make, how many do you lose?

Any questions?
Ask yourself WHY, the real reason WHY you are NOT successful at trading.




Sometimes we all make stupid mistakes...

Last week I "called a top" at 1.3050 without any H1 MOMO to support my accusation... :roll:

I ended up holding whilst helplessly watching price make higher highs and trade off long MOMO and Opens until it maxed out 75 pips into my 100 pip space...

I then waited for price to drop and I added... made 6% last week and almost lost 2.5%...

Moral of my story... I needed to be more patient as I am not, and follow the H1 MOMO AFTER it moves in my direction... and being in a longer term trade keeps me out of the market, maybe its time for a scalping account...
"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>>

pinux1976
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Postby pinux1976 » Mon Dec 10, 2012 9:03 am

Help from who master this method
In this sample we search for a short entry or a long entry?
The main trend how do we find? HTF such as 4 H (the gray and blu candle)



http://s18.postimage.org/ux9a011gp/trend.png

thanks to all

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