A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed Dec 12, 2012 11:34 pm

arkan,

sorry about that....man im tired...lol

yes, wait to see what price does as it comes down to that area...
right now there is a small short bias heading into a bigger bullish bias...so look for failed lines then momo to lead the way.
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!"

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Postby arkan1976 » Thu Dec 13, 2012 6:58 am

Don´t worry Doji! thank you very much.
Cheers.

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Postby FXfreak » Thu Dec 13, 2012 7:51 am

@doji
what is a failed line?

arkan1976
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Postby arkan1976 » Thu Dec 13, 2012 4:31 pm

This is my current trade,
The blue arrows are missed trades,
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Postby dojirock » Thu Dec 13, 2012 5:38 pm

FXfreak wrote:@doji
what is a failed line?


Hi Fx,

Its real simple really, just put a horizontal line on a chart, price fails to close over that said line, Momentum kicks in to show the way. It takes a counter momentum to trick ya.....(which is the retrace usually to other side of ema)
and that's where I enter.

One must get over the fear of missing a trade.... I dont know how else to explain it, I have called it history trading..to try to deter traders to not jumping in..wait for the best price..... jumping in is guess work in my opinion.
Traders see the mbar, momentum and start to freak out that they are missing something....but you only sacrifice small pips by waiting and catching the retrace trick per say and then you don't sweat the draw down of the retrace trick also.

Hope this helps..
Attachments
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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!"

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dojirock
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Postby dojirock » Thu Dec 13, 2012 5:40 pm

arkan1976 wrote:This is my current trade,
The blue arrows are missed trades,
Image


Nice chart arkan!

Keep it up! :D
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!"

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Postby bettlebox » Thu Dec 13, 2012 5:59 pm

Importmant lesson in trading: (insight in to what i call background work/things often over looked but are extremely importmant)

Deliberate Practice:

As Daniel Coyle says in ?The Talent Code?:
?Deep practice is not simply about struggling; it?s about seeking out a particular struggle, which involves a cycle of distinct actions.

1. Pick a Goal/weakness in your trading.
2. Reach for it.
3. Evaluate the result.
4. Return to setup one.

Essentially, it‟s a process of repeated exposure combined with a process of trial and error.

Some examples include:
Enter analsys
split into 30,15,5 mins
rat trades
straight breaks of highs lows
visual confirmation
high/low competition.
seeing more trading opprotunities.

things im still gaining experience on
visualising combined candles un aided
Break out retracement failures.
multi index analsys
cycle analsys
higher timeframe awareness (beyond my normal scope)

anyway you get the picture. If you take this approach the markets will become your teacher and they will take you beyond the basic concepts, and beyond what anyone here can show you. This process is highly rewarding its as rewarding as having profitable trades.

One of most important skills i learnt was support / resistance both holding and failing.Seeing many hundreds of pattern variations of holding and failing, your intuition will slowly grow from repeated exposure.This is active process, Everyweek i spend 5-6 hours on saturday going over my trade journal for week and go over the trades, examining them for what every goal im working on, any new insights are written by hand in my trading notebook also with any conculsions i reached. Usually i have a task to do during the coming week to see if i can spot the events happening in realtime.
There is never a week where i dont learn something new or not researching something.

This is interesting article http://www.smbtraining.com/blog/will-su ... l-the-tale

BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

arkan1976
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Postby arkan1976 » Fri Dec 14, 2012 3:42 pm

Hello friends, yesterday I made 16 pips and today 19 .
I´m very grateful to Doji for his explanations.
I hope this not been luck.
Now I´m thinking in long.
Please what is your opinion about it Doji ?
Cheers.
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Postby Karma » Fri Dec 14, 2012 3:59 pm

Arkan:

More often than not my bias for a day or week is derived from the daily or weekly candle(s)

So if you were to glance at a daily chart, or even a weekly chart this week, long would be your safest bet. Playing into that kind of time frame is what allows you to make one trade essentially, and hold it for weeks at a time
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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dojirock
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Postby dojirock » Fri Dec 14, 2012 6:59 pm

Arkan,

your spot on....I dont think its luck either...you seem to see it...the more you practice..the better you will get at it.....

Great job
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!"

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Thank you for your support.


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