A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Fri Mar 01, 2013 12:30 pm

How about this?....
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"A small loss is just as satisfying as a large gain" -MO
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dojirock
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Postby dojirock » Fri Mar 01, 2013 6:07 pm

Newscalper,

Great to see you back at KR!
"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 newark18 » Fri Mar 01, 2013 6:56 pm

dojirock wrote:How about this?....


What do the numbers represent?

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dojirock
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Postby dojirock » Fri Mar 01, 2013 6:59 pm

Numbers are just the pip counts from one extreme to the other...
4hr chart.....I trade from the 5 and 15 min......for entries.....
"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 7:04 pm

dojirock wrote: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?


We can learn that the outer bands are following the Highs/Lows indicated by the blue dots.

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Postby dojirock » Fri Mar 01, 2013 10:02 pm

just a follow up pic...
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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 » Fri Mar 01, 2013 11:30 pm

There are many ways to use indicators. Unfortunately they get misused
95 percent of the time. Price action is king. Learning how to read price as it relates to traders emotions is key. Using indicators as a crutch or confirmation can improve your odds for those that struggle with good trades. The white dots are just a semafore. The purpose of the dynamic fibs is to show where the sema originally paints, then the white dot is where it settled. There is no difference as it relates to price action between a 1 sema, 2,3, or higher . We know in hindsight price moves from sema to sema and they also straddle a 12 ema. Just the way it works. Think of them as an extreme finder or alerter.

There is a reason I dont have price action visible. Im trying to enlighten some by thinking backwards.
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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 » Fri Mar 01, 2013 11:40 pm

This is the 10,2 Bollinger Band indicator. These were the only two inidcators that finally cemented all that I learned here from KR and held it all together. Pro one day was showing me what he was doing and i put a BB on the chart. The BB gave me what I needed, to put together the logic in my mind to become successful. Its different for everyone. I dont use the BB anymore, there is no need to but in some way it changed my thinking just enough to tie in everything else and made it click.

Looking at this chart, you really cant trade it the way it is, but one thing I always struggled with is extremes. This exposes them for me.

I do know this, the trades that interest me and keep me from overtrading fall outside of the BB.

With me still?
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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 » Sat Mar 02, 2013 12:15 am

Putting it all together.

This is a 5 min chart, very lucrative. This is what my thread has mainly been about. The discovery of the close above, close below. Which in its self can have a couple dozen meanings. I have exhausted many of them and found one im comfortable with. These lines are not made up, They are not discretionary. This is where your work comes in.

Draw a horizontal line, and observe price. Its what es/pip does, Mo, Dragon, many others. So what was all the indicators about? They are about narrowing down the area that these important zlines, mbars, emotion lines, DTB lines, whatever you want to call them give them significance. I don't care about the in between. I'm not that kind of trader.
Its about ranges, statistics and the "line"
Do I know how far price is going to go? NO
I do know it will go to an extreme and beyond(expansion) and from that point I look for price to tell me when its finished.
I can tell you this too, on a 5 min chart, 8pips or more is possible with every trade and my draw down will always be 20 or less. Why?
That's my emergency stop. Most trades, look have a less than 5 pip draw down. There is comfort in consistency.

Figure out how to read price and draw a simple line.....

enough for now...hope this helps some of you.
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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 aliassmith » Sat Mar 02, 2013 2:41 am

dojirock wrote:Putting it all together.

This is a 5 min chart, very lucrative. This is what my thread has mainly been about. The discovery of the close above, close below. Which in its self can have a couple dozen meanings. I have exhausted many of them and found one im comfortable with. These lines are not made up, They are not discretionary. This is where your work comes in.

Draw a horizontal line, and observe price. Its what es/pip does:, Mo, Dragon, many others. So what was all the indicators about? They are about narrowing down the area that these important zlines, mbars, emotion lines, DTB lines, whatever you want to call them give them significance. I don't care about the in between. I'm not that kind of trader.
Its about ranges, statistics and the "line"
Do I know how far price is going to go? NO
I do know it will go to an extreme and beyond(expansion) and from that point I look for price to tell me when its finished.
I can tell you this too, on a 5 min chart, 8pips or more is possible with every trade and my draw down will always be 20 or less. Why?
That's my emergency stop. Most trades, look have a less than 5 pip draw down. There is comfort in consistency.

Figure out how to read price and draw a simple line.....

enough for now...hope this helps some of you.

I like what you are doing there. The bb does look like a nice filter. It makes me miss the m5 scalping
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