A fresh start! Doji's Trading Journal

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pariah
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Postby pariah » Fri Mar 22, 2013 2:01 pm

Hi NewScalper

Just a few questions about UJ

1. H1 closes below 'supply'

2. Compressed h1 candle

3. Do you wait to see if current h1 will close red?

4. How do you contend with the m15 demand level just below.

thanks...
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pariah
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Postby pariah » Fri Mar 22, 2013 2:10 pm

NewScalper,

I don't intend on giving advice (I'm a novice) but I may have a suggestion

I would have shorted before, S and D concepts... Is that a h1 bias 3 candles back?



Please refer to pic...
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Postby dojirock » Fri Mar 22, 2013 2:13 pm

My current U/J
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"A small loss is just as satisfying as a large gain" -MO
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newscalper
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Postby newscalper » Fri Mar 22, 2013 2:16 pm

I've not entered yet m8, PA isn't right
What I'm looking at is this - it's making lower supply levels on H4 and H1 - the reason it has just come up is because it hit a lower H4 level, upper H1 levels are still holding though and until one breaks up to the upside I'm still looking for a short.
Drop to M15 wait for the level - which has hit and look for PA, the last run into the level had some momo which is good, it's not just ranging into it but as yet there's no PA to warrant the short - demand levels on M5 are still moving up: no close over close under yet.
Targ is wherever price goes but at the outside that lower demand level which is the H4 zline (I'm well aware of the big H4 up bar but...not all H4 bars are printed the same :D: )

Apart from that, take no notice of me, I've lost a bloody fortune this last 2 weeks :lol:
Last edited by newscalper on Fri Mar 22, 2013 2:28 pm, edited 1 time in total.

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newscalper
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Postby newscalper » Fri Mar 22, 2013 2:23 pm

Yeah, that's exactly how I see it Doji - coming into supply but until that current upper green level you've got marked braeks with momo to the downside there's no short.

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Postby newscalper » Fri Mar 22, 2013 2:38 pm

Another view of it
Image

My goodness Patsy Kensit is turning into another over made up plasticised shobiz freak. Sorry just saw her grinning at me on photobucket.
Get those blow up lips done love, you'll look lush :lol:

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newscalper
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Postby newscalper » Fri Mar 22, 2013 2:53 pm

There, now lets see if it pulls back. Usually, with my luck it doesn't lol. Then on the ones I take on the break without waiting for the pull I get destroyed on, hehe. I will now sit and watch while it piles down to target without a chance to get on board...and more study over the weekend.

pariah
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Postby pariah » Fri Mar 22, 2013 2:59 pm

New,

Yeah man, lots of supply congestion up top. Even if it clears, it looks like there are multiple levels of supply to contend with?

I don't know anything, my trades are purely mechanical : Zone, Bias away, m15 entry. If I lose, I won't be able to explain why.


Check out EU. Man, I'm lucky I got out with pips on this one.... LOL!!!

Potential weekend gap fill UP? thats a ton of pips...
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pariah
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Postby pariah » Fri Mar 22, 2013 3:32 pm

EU.

Would have been a nice 20+ pips....


Thanks Doji for showing me Bias... And MO, for 'Changing States'.



Have a great weekend folks!
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newscalper
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Postby newscalper » Fri Mar 22, 2013 3:57 pm

Wayay and there it goes, and there was no clear entry on 15, was there on 5. No trade taken. Shower of shite.

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