A fresh start! Doji's Trading Journal

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joksa44
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Postby joksa44 » Sat Mar 02, 2013 11:28 am

Dojirock, thanks for the chart!!

I would be very grateful if you can describe those 7 trades for 220 pips step by step. Ok, maybe not all 7, maybe 2 or 3 of them. I hope that is not to much to you.
Thanks for all that you are doing in this forum. I am just trying to get ''light'' from your's chart. But I do not have too much success. I will appreciated any help. Thanks.

Good bless you!!

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dojirock
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Postby dojirock » Sat Mar 02, 2013 4:18 pm

Joksa44,

In a sense that is what I have done! Please try to ask more specific questions of areas you struggle with and then I can possibly help you.

The sema and BB in this chart represent extremes to me on a 5 min level.
How far will they go once they reach the extreme (expansion)? No one knows. We dont just jump in when it gets to that level. Look at it as this, when price gets to the BB and the sema is outward, then 2 of the 3 criteria are fullfilled to trade this system. I call it a system due to the mechanical traders out there like steps. Now the 3rd step is needed as a trigger.
Zlines, in essence. You need to define your own meeting of a zline. I cant do that part for you, everyone has a different way of comprehending them. As do myself. I have explained in the thread 2-3 ways to find a form of a zline for the mechanical traders also. Spot those correctly and you are set.
What dont you understand about zlines?
"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 » Sat Mar 02, 2013 4:45 pm

hehe doji rock a lot on question hihihi


this is my doubt :roll:

1° price out BB close below BB -> PA pattern enter short -> no prob for this entry
2° price out BB close above BB -> PA pattern enter long -> no prob for this entry
3° price out BB close below BB -> PA pattern enter short -> why not enter short? (3 yellow)
4° price out BB close below BB -> PA pattern enter short little above you entry (4 yellow)
5 ° price out BB close above BB -> i don't find PA pattern for enter long correct?
6 ° price out BB close above BB -> i don't find PA pattern for enter long correct?
7° price out BB close above BB -> PA pattern enter long (7 yello) -> why have you enter later and when the price go out of BB up?
8° price out BB close below BB -> PA pattern enter short at the same palce whe you have longed ( 7 yellow) -> Sos
9° price out BB close below BB -> PA pattern enter short (9 yellow)-> why you line yellow was more "low" than mine
10° price out BB close above BB -> PA pattern enter long -> no prob for this entry
11° 1° price out BB close below BB -> PA pattern enter short in this case you line for entry is better than mine

i hope when you have free time to answer
good week in advance


image full size here

http://postimage.org/image/a7pfr6kab/full/
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aliassmith
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Postby aliassmith » Sat Mar 02, 2013 5:42 pm

I like how doji uses the BB and sema as a "filter" for lack of a better word. Maybe they are really more of an Alert system. The real power comes from his Price Action, which happens to be very similar PA that I used scalping.

You don't have a valid "set-up" until you have something closing in your direction, then trying to get wicked in.


Left side: a small body red candle followed by a green body candle closing in a long breakout. Try to get wicked in on the next candle at/near the base of the small red candle.

Right side: opposite of left side.

This is one candle closing over PA type that I used and it looks like doji does also. Looks just like a mini zline/momo.

I have used the same PA from M5 up to D1 charts.
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aliassmith
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Postby aliassmith » Sat Mar 02, 2013 6:07 pm

I found this one I had from es/pip from a M5 scalp.

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Postby trueblueTEX » Sat Mar 02, 2013 7:54 pm

aliassmith wrote:I found this one I had from es/pip from a M5 scalp.



TRO would have you going short on the previous 'red' bar, right?

Does es/pip wait until a bar forms that has a decent wick to it?

Is that the meaning of "wicks show not the way"?

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Postby aliassmith » Sat Mar 02, 2013 8:01 pm

trueblueTEX wrote:
aliassmith wrote:I found this one I had from es/pip from a M5 scalp.



TRO would have you going short on the previous 'red' bar, right?

Does es/pip wait until a bar forms that has a decent wick to it?

Is that the meaning of "wicks show not the way"?


es/pip trade: look at the red arrow that is the bar to enter on. Look at the pink line that is where to enter. You don't know if a bar will be a wick until it closes. You have to just get in at that pink line while it is still in motion and see what happens. Basically you would be going short on a bar that is currently long/green. as long as it is closing below the pink bar it is good.
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Postby trueblueTEX » Sat Mar 02, 2013 8:20 pm

Gotcha!
Thanks

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dojirock
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Postby dojirock » Sat Mar 02, 2013 8:39 pm

Im glad you marked up the chart the way you did!

Now your thinking and seeing. The difference between my entries and yours are the way we see price action. THATS IT. Find what gives you a high success rate and run with it....

Where there was no entry, like number 5, is because the way I read price action, it didnt tell me to enter. Thats it!

Mo has always said, "Trade from the extremes" well, this is one of my definitions of extremes! I dont look for trades until it reaches the other extreme.

We all have our way of seeing price action. That has been said many times. If it doesnt produce good results, then your not seeing price action correctly or as fine tuned as it should be.

Nice chart, I hope this provided a big step forward for you.




pinux1976 wrote:hehe doji rock a lot on question hihihi


this is my doubt :roll:

1° price out BB close below BB -> PA pattern enter short -> no prob for this entry
2° price out BB close above BB -> PA pattern enter long -> no prob for this entry
3° price out BB close below BB -> PA pattern enter short -> why not enter short? (3 yellow)
4° price out BB close below BB -> PA pattern enter short little above you entry (4 yellow)
5 ° price out BB close above BB -> i don't find PA pattern for enter long correct?
6 ° price out BB close above BB -> i don't find PA pattern for enter long correct?
7° price out BB close above BB -> PA pattern enter long (7 yello) -> why have you enter later and when the price go out of BB up?
8° price out BB close below BB -> PA pattern enter short at the same palce whe you have longed ( 7 yellow) -> Sos
9° price out BB close below BB -> PA pattern enter short (9 yellow)-> why you line yellow was more "low" than mine
10° price out BB close above BB -> PA pattern enter long -> no prob for this entry
11° 1° price out BB close below BB -> PA pattern enter short in this case you line for entry is better than mine

i hope when you have free time to answer
good week in advance


image full size here

http://postimage.org/image/a7pfr6kab/full/
"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 » Sat Mar 02, 2013 8:48 pm

AH! Aliassmith,

I was trying to find that pic in my vast folders of pics. That pic, I believe is from one of your threads. That pic is worth many times it s size.

Everyone look at that pic...draw lines and you will solve the puzzle of zlines. Dragon uses it, I believe es/pip does, and I didnt become highly successful until I figured it out using that pic.

Aliassmith, Thank you for that pic reminder!!!!

aliassmith wrote:I like how doji uses the BB and sema as a "filter" for lack of a better word. Maybe they are really more of an Alert system. The real power comes from his Price Action, which happens to be very similar PA that I used scalping.

You don't have a valid "set-up" until you have something closing in your direction, then trying to get wicked in.


Left side: a small body red candle followed by a green body candle closing in a long breakout. Try to get wicked in on the next candle at/near the base of the small red candle.

Right side: opposite of left side.

This is one candle closing over PA type that I used and it looks like doji does also. Looks just like a mini zline/momo.

I have used the same PA from M5 up to D1 charts.
"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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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