A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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newscalper
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Postby newscalper » Fri Mar 29, 2013 12:31 pm

Thanks Doji :)

That's a lot of writing :)

Yeah, I'm a dumb *censored - swear word* :)

OK.
Draw a line on H1 - what's the basis for drawing the line? A random line, big round number, support, resistance, swing hi/lo, supply demand, dragon line, momo failure, last bar open, close, high, low; what? :)


See H4 bar break the line and close to one side of it, yeah cool: any bar or a momo bar?

Drop to M15 to look for entry, OK but again, what: not defined - has to hit the line and limit entry, rat, what?
Basis for take profit? Return to previous high/low on which TF?

Higher timeframes? Trading into sup/dem levels on those? Disregard?

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newscalper
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Postby newscalper » Fri Mar 29, 2013 12:58 pm

Thanks for the help btw. I don't say thanks enough. Forgive me :)

Going back to the old Dragon template is what you're saying basically this?
Ticks are entries, x exit, thumbs down = losing trade
That's not working, photobucket a nightmare lately. Maybe something to do with the new Flash.

[img][img]http://img545.imageshack.us/img545/5219/satingthis.png[/img] Uploaded with ImageShack.us[/img]

FXfreak
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Postby FXfreak » Fri Mar 29, 2013 1:43 pm

hi guys,

i wasn't online very often here at kreslik because my normal job took all the time.

i tried to trade m15 at work but things change too fast and it is impossible to react at work.

i will contribute my trades to this thread next week. I trade h4 and daily zlines with h4/d bias and m15/h1 as entry.

@doji or dragon: dragon wrote on p2 that he wants to see a h1 momo and that he enters a t the rejection of the h1-momo near a d/h4-zline. i found that very difficult because price often is too far away from the zline after a h1-momo is formed. i often enter near a h4/daily-zline after i see "some kind of momo". sometimes it is a m15-momo, sometimes a m15 or h1-doji. how do you handle it that you are not too far away from the h4/d-zline?

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dojirock
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Postby dojirock » Sat Mar 30, 2013 4:30 am

eeek.... lets start with a clean chart..... 12 ema for a no brainer entry and a horizontal line (a true zline).

newscalper wrote:Thanks for the help btw. I don't say thanks enough. Forgive me :)

Going back to the old Dragon template is what you're saying basically this?
Ticks are entries, x exit, thumbs down = losing trade
That's not working, photobucket a nightmare lately. Maybe something to do with the new Flash.

[img][img]http://img545.imageshack.us/img545/5219/satingthis.png[/img] Uploaded with ImageShack.us[/img]
It always takes Momentum to break Momentum!
"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 30, 2013 4:34 am

Using a 30 min chart as a bias chart. Notice my zlines.
You need to observe.
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It always takes Momentum to break Momentum!
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"Once you stack, you'll never go back!"

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Postby dojirock » Sat Mar 30, 2013 4:36 am

So what have you looked at on that last chart.
Im hoping your answer was the horizontal zline and nothing else.
Did you notice a close across the zline?
If you answered yes, your not listening.....
start over.
It always takes Momentum to break Momentum!
"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 30, 2013 4:39 am

Those lines were drawn before we know what price action will do.
Now move up a time frame to the hourly and observe.
When price closes across the zline, THIS IS OUR BIAS.
If the next candle closes back across our zline, that is our new bias.
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It always takes Momentum to break Momentum!
"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 30, 2013 4:48 am

We have a hourly candle closing over our zline, making our bias zline active. I marked the close of the hourly candle with the vertical dashed lines.

Now drop to a 15 min chart and observe.

You guys already know, I love the ema pullback entries. They are there. The 1st zline is longs only....I take entry right at the close of the houlry and add to my position every time price drops below the ema.

The second zline is shorts only.... I take entry right at the close of the hourly and add to my position every time price climbs above the ema.

observe...

drop to a 5 min and look... you will see many opps to enter a trade with the bias.
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It always takes Momentum to break Momentum!
"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 30, 2013 4:51 am

Since I have it already drawn... here is the 5 min chart..

entries, you tell me, rat, ema, breakouts? It doesnt matter....if your with the bias.
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It always takes Momentum to break Momentum!
"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 30, 2013 4:53 am

one last thing..

This isnt hindsight. That run up and run down....there was no confilcting signal to go short against the long, the whole way up.

There was no conflicting signal to go long the whole way down.

Draw your lines....observe.....
What chart do our lines originate?
The middle time frame....in this example 30 min.
It always takes Momentum to break Momentum!
"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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