A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Mon Dec 10, 2012 10:39 pm

OK
This was the last one I think. It's really difficult for me to do this because the transaction history in OANDA is in ET and my MT4 isn't. It's the last trade I potsed up here on Kreslik anyway
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es/pip
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Postby es/pip » Mon Dec 10, 2012 11:21 pm

newscalper wrote:OK
This was the last one I think. It's really difficult for me to do this because the transaction history in OANDA is in ET and my MT4 isn't. It's the last trade I potsed up here on Kreslik anyway
Image



1. this is not great for future longs in this area

2. longs could be back in play

3. not anymore

4. this is short now

5. the good long was here

2nd chart looking inside to see what is happening

1. is short

2. is short

3. is short

4. is short

3rd chart --- h1 not bullish after those highs


edit--------- charts loaded reverse

bottom chart is chart 1

middle is # 2

top is chart 3
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Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Mon Dec 10, 2012 11:35 pm

also keep in mind this is my view, and for the most part i just scalp.

So my view point may not matter to what you were trying to accomplish with the trade you had on.

either way, i would have been tight on that trade based on the h1 action and area it came back into.
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Mon Dec 10, 2012 11:41 pm

i also just scrolled up and saw that Drock asked you to post naked charts, so i prob shouldn't have even posted my view----

see what he posts, his may be clearer to what you are looking for, as i pretty much just trade everything that moves, and it may not work well for anyone but me.
Bend over and assume the position for another 4 years of hope and change.

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Postby dojirock » Tue Dec 11, 2012 1:51 am

News, I just noticed my chart from pages back is the same area you entered. My analysis on that chart was done on the 4hr chart(copy is below)
So I will start with that. Then I will breakdown my logic on just the 15 min chart had I not used a bias.
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Postby dojirock » Tue Dec 11, 2012 2:21 am

My 1st step in trades is to find a bias. In this example, we will pretend, that I was just trading the 4hr chart as entry....so I can outline the steps. Pure price action. Before I start, ES/PIP, nice charts....very simular to my thought process, but I see you use wicks. I use bodies, you can use 1/2's, 1/3's or even straight zlines, which is what I do majority of the time. Im convinced we trade very similar in styles with minor differences, chances are News, when you do find your way yours will vary slightly also.

Point 1 I use horizontal lines on color changes. At that point im bullish and looking for a reversal. I place an alert around my line(because its a 4hr chart)

Once I get a movement in price against my suspected trend, I wait and watch.

Point 2 Price comes back up and fails. I dont realize price fails until the two following bearish candles(white) form.

Now my mind jumps to my Doji Pattern(eheh) breakout of the failed candle, best prices are realized when above the 12 ema. Point 3

This is it, in its simplest form.....my next post will be on a 30 min...same area.
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Postby dojirock » Tue Dec 11, 2012 2:46 am

Try to explain the same way in simplest terms.

Point 1, I am bearish, drew a line on color change.
Price breaks, so now I am thinking bullish.
Point 2 fails, and I now look to the Point 1 as the breakout.
Doji Pattern(heheh) best price is below the ema, enter.
There is NO reason to think bearish all the way up until point 4.

15 min chart next.
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"A small loss is just as satisfying as a large gain" -MO

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"Once you stack, you'll never go back!"

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Postby dojirock » Tue Dec 11, 2012 2:50 am

upon posting the 15 min chart, the lines are all similar. This happens all the time, price is the same on all time frames. Dont be afraid to move up or down one time frame while doing analysis. When your right, they will confirm each other.

Hope these helped.
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"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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Postby dojirock » Tue Dec 11, 2012 3:12 am

News,

LOL, sorry, I just realized this wasn't the same area you posted...So here it is.

Point 1, Down mbar, puts me in the state of bearish euphoria.

Point 2, fail. (don't realize a fail until candles move lower).

Thought process, bearish, breakout...doji pattern(ehheh) best price above the ema. Goin short.

Hope that helped.

Remember, observe, and follow price like you would read a good novel. You become the price action and are rarely mislead do to your reading your own story.

(oh, man, that was pretty deep) :)
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"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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Postby pinux1976 » Tue Dec 11, 2012 7:26 am

dudplicate
Last edited by pinux1976 on Tue Dec 11, 2012 7:47 am, edited 1 time in total.

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