A fresh start! Doji's Trading Journal

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pinux1976
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Postby pinux1976 » Thu Feb 28, 2013 2:25 pm

dojirock wrote:Back from the DR! Life changing experience.....

Feels good to trade today....


hi can you help to understand why have you put that long near the up bollinger

end for the short when you have enter in a trade where was your initial stop loss please?


or where to read about you and BB dand and to use well

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dojirock
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Postby dojirock » Thu Feb 28, 2013 2:45 pm

pinux,

The bb is a tool for learning levels...thats all.... for finding a general extreme.

The yellow box is the area of resistance and it was visited at the 1st yellow X already.....then there is a minor area of resistance, drawn by the yellow line.....so when price reached that area...i jumped in short....

as for targets the same thing price went to lower support already from the 1st yellow X trade..so now my target was back to that support area or lower.... when it got there i had made plenty of pips already that day so I closed it.....

hope that helps.
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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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dojirock
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Postby dojirock » Thu Feb 28, 2013 2:50 pm

The secret to successful trading is a Close above, close below....
Draw a line.......and when the above happens....its magic...

Where do you draw your line?
Move it around...you will see a sweetspot...then your trading will change forever...
"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 » Thu Feb 28, 2013 2:58 pm

dojirock wrote:pinux,

The bb is a tool for learning levels...thats all.... for finding a general extreme.

The yellow box is the area of resistance and it was visited at the 1st yellow X already.....then there is a minor area of resistance, drawn by the yellow line.....so when price reached that area...i jumped in short....

as for targets the same thing price went to lower support already from the 1st yellow X trade..so now my target was back to that support area or lower.... when it got there i had made plenty of pips already that day so I closed it.....

hope that helps.



BB you use is a 12 period?

thanks for your time!!!
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dojirock
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Postby dojirock » Thu Feb 28, 2013 5:59 pm

I dont remember the long trade...may have been a 15 min trade....

SL i use a 15-30 emergency sl..........but if I had to pinpoint one for someone, the back side of the purple box.

As I build space from previous trades I cushion my sl until im ready to roll it over to my lots size....
"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 Omni » Fri Mar 01, 2013 2:38 am

dojirock wrote:The secret to successful trading is a Close above, close below....
Draw a line.......and when the above happens....its magic...

Where do you draw your line?
Move it around...you will see a sweetspot...then your trading will change forever...


Doji,

Could you perhaps give a quick illustration of this for those of us who are visually oriented? A cocktail napkin drawing would be fine.

Thnx for your help

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dojirock
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Postby dojirock » Fri Mar 01, 2013 4:13 am

Bollinger Band is 10,2

Just a teaching tool......





pinux1976 wrote:
dojirock wrote:pinux,

The bb is a tool for learning levels...thats all.... for finding a general extreme.

The yellow box is the area of resistance and it was visited at the 1st yellow X already.....then there is a minor area of resistance, drawn by the yellow line.....so when price reached that area...i jumped in short....

as for targets the same thing price went to lower support already from the 1st yellow X trade..so now my target was back to that support area or lower.... when it got there i had made plenty of pips already that day so I closed it.....

hope that helps.




BB you use is a 12 period?

thanks for your time!!!
"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 » Fri Mar 01, 2013 4:17 am

Sure I will get something posted shortly. Let me ask though, have you read all of the thread yet?



Omni wrote:
dojirock wrote:The secret to successful trading is a Close above, close below....
Draw a line.......and when the above happens....its magic...

Where do you draw your line?
Move it around...you will see a sweetspot...then your trading will change forever...


Doji,

Could you perhaps give a quick illustration of this for those of us who are visually oriented? A cocktail napkin drawing would be fine.

Thnx for your help
"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 » Fri Mar 01, 2013 4:20 am

One can tell people how to trade, but the information would become lost. Teach and learn and you will SEE and find what will last.

What can we learn from this picture?
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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!"

Omni
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Postby Omni » Fri Mar 01, 2013 7:58 am

dojirock wrote:Sure I will get something posted shortly. Let me ask though, have you read all of the thread yet?



Omni wrote:
dojirock wrote:The secret to successful trading is a Close above, close below....
Draw a line.......and when the above happens....its magic...

Where do you draw your line?
Move it around...you will see a sweetspot...then your trading will change forever...


Doji,



Could you perhaps give a quick illustration of this for those of us who are visually oriented? A cocktail napkin drawing would be fine.

Thnx for your help


It's likely that I have missed a few pages here and there.

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