A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed Mar 20, 2013 5:19 pm

When I trade with the 15 min chart or less my bias is 30 min or higher....
I don't trade against the bias much anymore...makes life easier.

So, with that, the hourly and 30 minute have not given any reason to go short yet, and we have a gap yet(not that i put alot of weight on that).

When price reaches a previous supply area I am more apt to take off some of my profits and wait for expansion before closing out....there is no guessing reversals for me anymore...one can get quite good at it, but with MM and taking that step out of my trading plan has increased my success.

So I would not be trading short at the moment until I get a 30 or higher indication of bearish activity. YES, doji is off the 15 and 5 min charts....there is hope for me yet..right MO?

Hope this answers your question...if not the ask again....and I will try again!

good trading.....
"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 » Wed Mar 20, 2013 5:33 pm

Hourly
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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 » Wed Mar 20, 2013 5:37 pm

15 min, entry time frame.....
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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...."

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pariah
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Postby pariah » Wed Mar 20, 2013 6:22 pm

Hi Doji,

thanks for the quick reply.

This concept of Bias eludes me. Does it mean MOMO?

I've posted an EJ chart.


The current candle has taken out all the sellers @ supply, anticipate continued rise?

Thanks again.

EJ just filled Gap.
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dojirock
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Postby dojirock » Wed Mar 20, 2013 6:37 pm

few more on e/j
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Postby dojirock » Wed Mar 20, 2013 6:39 pm

U/J
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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 » Wed Mar 20, 2013 6:45 pm

Pariah,

You tell me how that one candle tells you Bias is short...???

Your trying to guess the top aren't you? Remember, extreme, expansion, then reversal...

remember..one time frame is entry time frame and a higher one is bias.....





pariah wrote:Hi Doji,

thanks for the quick reply.

This concept of Bias eludes me. Does it mean MOMO?

I've posted an EJ chart.


The current candle has taken out all the sellers @ supply, anticipate continued rise?

Thanks again.

EJ just filled Gap.
"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!"

pariah
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Postby pariah » Thu Mar 21, 2013 4:06 am

H1 Momo, gives 'bias'. Rat short out of H1 Supply with MOMO to H1 Demand?
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pariah
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Postby pariah » Thu Mar 21, 2013 4:28 am

One more.

EJ:

1. H1 MOMO from 3 hours ago (Bias UP)

2. M15 buy when price hits m15 demand level.

Maybe?
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Postby MightyOne » Thu Mar 21, 2013 3:50 pm

You have to do 2 things to find a 'Momentum Candle':

1) roughly define what IS NOT momo
2) compare what you THINK IS momo to prev. momo

momo should not be part of a range; you should clearly be able to see that price is higher or lower than 'something' due to the mbar:

Image


While 'momo' became popular, it was never about momentum candles!

The lesson was about making comparisons so that you can see transitions from one state to another; thus providing the 'signal' to enter.

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