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.
A fresh start! Doji's Trading Journal
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dojirock
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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.
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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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!"
"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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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.
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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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!"
"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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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.
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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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!"
"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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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.
Hope these helped.
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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!"
"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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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)
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)
- Attachments
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- new4.gif (18.4 KiB) Viewed 3213 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!"
"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!"
dojirock wrote: 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.
That above is what makes it work for one person but not for another one. If you can't see it yourself then how can you do it at all?
Everyone sees things a little different.
I have said this before, along with a lot of other people saying it, but you just need to take the general concept and see it in your own way.
The only person that i can trade like is me, because the way i trade is how i see the market. Other people may see it slightly different so they will have to trade it the way they see it.
It is all based on the same exact thing, people just need to make it their own.
Bend over and assume the position for another 4 years of hope and change.
another great article from Sam Seiden direct quote "If you are going to chose to risk your hard earned money in the markets, make sure your first learn how to trade and that means a rule based strategy that has you buying low and selling higher. This sounds so obvious I know but you would be surprised how many people skip this obvious step.Learn a successful strategy, build a simple trading plan around it, practice executing that plan in a demo account. Once you have consistent strong results, move to real money but very small position size. "
http://lessons.tradingacademy.com/artic ... -to-drive/
EU Trade today and yesterday , same old stuff day in day out. Est higher timeframe bias look for Breakout retracement pattern on lowertimeframe, take trade. If you notice i was late to this trade not on normal rat trade entry due i wanted the 15min zline to be hit(the one with yellow star at bottom), never happeded so had to take as it started to run away.
today
Yesterday-somedays i screw things up.
http://lessons.tradingacademy.com/artic ... -to-drive/
EU Trade today and yesterday , same old stuff day in day out. Est higher timeframe bias look for Breakout retracement pattern on lowertimeframe, take trade. If you notice i was late to this trade not on normal rat trade entry due i wanted the 15min zline to be hit(the one with yellow star at bottom), never happeded so had to take as it started to run away.
today
Yesterday-somedays i screw things up.
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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